OTC: WXXWY - WuXi Biologics (Cayman) 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 = 0.7817
CAGR EPS = 80.95%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 4.64 + (4.64 * 80.95% / 100) = 8.4

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) = 20.09
Ebitda Yield = 0.2957
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 = 0.1585
Debt = 2.3
Market Cap = 21.61
Weight Debt = Market Cap / (Market Cap + Debt) = 21.61 / (21.61 + 2.3) = 0.9037
Weight Cost Debt = 100% - 0.9037 = 0.0963
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) = 3
β = 2.68
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.68 * 5.94 + 0 = 0.189
WACC = (0.1585 / 2.3) * (100% - 0.9037) * (1 - 0.21) + 0.189 + 0.9037 = 5.56
Terminal Value = Discount (20.09 * (1 + 0.2957) / (5.56 - 0.2957)) = 82.73
Company Value = ∑ (20.09 / (1 + 5.56) ^ 5) = 53.04
Price = (Terminal Value + Company Value) / Count shares = (82.73 + 53.04) / 4348870000 = 31.22

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) = 0.8352
FCF Yield = 0.1382
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 = 0.1585
Debt = 2.3
Market Cap = 21.61
Weight Debt = Market Cap / (Market Cap + Debt) = 21.61 / (21.61 + 2.3) = 0.9037
Weight Cost Debt = 100% - 0.9037 = 0.0963
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) = 3
β = 2.68
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.68 * 5.94 + 0 = 0.189
WACC = (0.1585 / 2.3) * (100% - 0.9037) * (1 - 0.21) + 0.189 + 0.9037 = 5.56
Terminal Value = Discount (0.8352 * (1 + 0.1382) / (5.56 - 0.1382)) = 8.78
Company Value = ∑ (0.8352 / (1 + 5.56) ^ 5) = 2.76
Price = (Terminal Value + Company Value) / Count shares = (8.78 + 2.76) / 4348870000 = 2.65