OTC: VMTHF - Venus Medtech (Hangzhou) Inc.

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 = -0.2285
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.149 + (0.149 * 8.66% / 100) = 0.1618

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) = -0.0227
Ebitda Yield = -0.2129
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 = 0.0089
Debt = 0.7507
Market Cap = 0.3187
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3187 / (0.3187 + 0.7507) = 0.298
Weight Cost Debt = 100% - 0.298 = 0.702
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) = 2.39
β = -243.98
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -243.98 * 5.94 + 0 = -14.47
WACC = (0.0089 / 0.7507) * (100% - 0.298) * (1 - 0.21) + -14.47 + 0.298 = -3.38
Terminal Value = Discount (-0.0227 * (1 + -0.2129) / (-3.38 - -0.2129)) = -0.1185
Company Value = ∑ (-0.0227 / (1 + -3.38) ^ 5) = -0.2119
Price = (Terminal Value + Company Value) / Count shares = (-0.1185 + -0.2119) / 441010000 = -0.7492

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) = -0.0545
FCF Yield = -0.1458
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 = 0.0089
Debt = 0.7507
Market Cap = 0.3187
Weight Debt = Market Cap / (Market Cap + Debt) = 0.3187 / (0.3187 + 0.7507) = 0.298
Weight Cost Debt = 100% - 0.298 = 0.702
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) = 2.39
β = -243.98
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -243.98 * 5.94 + 0 = -14.47
WACC = (0.0089 / 0.7507) * (100% - 0.298) * (1 - 0.21) + -14.47 + 0.298 = -3.38
Terminal Value = Discount (-0.0545 * (1 + -0.1458) / (-3.38 - -0.1458)) = -0.4934
Company Value = ∑ (-0.0545 / (1 + -3.38) ^ 5) = -0.4205
Price = (Terminal Value + Company Value) / Count shares = (-0.4934 + -0.4205) / 441010000 = -2.07