OTC: TCNNF - Trulieve Cannabis Corp.

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 = -2.83
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 8.49 + (8.49 * 9.16% / 100) = 9.27

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) = 0.0883
Ebitda Yield = -0.1027
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 = 0.0816
Debt = 0.4828
Market Cap = 0.7249
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7249 / (0.7249 + 0.4828) = 0.6002
Weight Cost Debt = 100% - 0.6002 = 0.3998
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) = 2.6
β = 2.59
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 2.59 * 5.94 + 0 = 0.1798
WACC = (0.0816 / 0.4828) * (100% - 0.6002) * (1 - 0.21) + 0.1798 + 0.6002 = 13.37
Terminal Value = Discount (0.0883 * (1 + -0.1027) / (13.37 - -0.1027)) = 0.179
Company Value = ∑ (0.0883 / (1 + 13.37) ^ 5) = 0.3974
Price = (Terminal Value + Company Value) / Count shares = (0.179 + 0.3974) / 186240000 = 3.09

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) = 0.5391
FCF Yield = 0.298
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 = 0.0816
Debt = 0.4828
Market Cap = 0.7249
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7249 / (0.7249 + 0.4828) = 0.6002
Weight Cost Debt = 100% - 0.6002 = 0.3998
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) = 2.6
β = 2.59
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 2.59 * 5.94 + 0 = 0.1798
WACC = (0.0816 / 0.4828) * (100% - 0.6002) * (1 - 0.21) + 0.1798 + 0.6002 = 13.37
Terminal Value = Discount (0.5391 * (1 + 0.298) / (13.37 - 0.298)) = 2.27
Company Value = ∑ (0.5391 / (1 + 13.37) ^ 5) = 1.12
Price = (Terminal Value + Company Value) / Count shares = (2.27 + 1.12) / 186240000 = 18.22