OTC: RMGGF - Resolute Mining Limited

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 0.0308
CAGR EPS = 19.3%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.28 + (0.28 * 19.3% / 100) = 0.334

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.4831
Ebitda Yield = 0.3446
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0136
Debt = 0.0841
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0841) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.89
β = -5.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -5.81 * 5.94 + 0 = -0.3162
WACC = (0.0136 / 0.0841) * (100% - 0) * (1 - 0.21) + -0.3162 + 0 = 12.76
Terminal Value = Discount (0.4831 * (1 + 0.3446) / (12.76 - 0.3446)) = 1.64
Company Value = ∑ (0.4831 / (1 + 12.76) ^ 5) = 0.961
Price = (Terminal Value + Company Value) / Count shares = (1.64 + 0.961) / 2129010000 = 1.22

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0775
FCF Yield = 0.168
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0136
Debt = 0.0841
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.0841) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.89
β = -5.81
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -5.81 * 5.94 + 0 = -0.3162
WACC = (0.0136 / 0.0841) * (100% - 0) * (1 - 0.21) + -0.3162 + 0 = 12.76
Terminal Value = Discount (0.0775 * (1 + 0.168) / (12.76 - 0.168)) = 1.23
Company Value = ∑ (0.0775 / (1 + 12.76) ^ 5) = 0.1984
Price = (Terminal Value + Company Value) / Count shares = (1.23 + 0.1984) / 2129010000 = 0.671