SSE: 688321 - Shenzhen Chipscreen Biosciences Co., Ltd.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = 0.216
CAGR EPS = 115.02%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.216 * (1 + 115.02%) / (0.0433 * 2) = 5.36

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) = 0.0053
Ebitda Yield = -0.1329
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 = 0.0349
Debt = 0.8387
Market Cap = 9.18
Weight Debt = Market Cap / (Market Cap + Debt) = 9.18 / (9.18 + 0.8387) = 0.9163
Weight Cost Debt = 100% - 0.9163 = 0.0837
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 = -0.9025
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.9025 * 5.94 + 0 = -0.0236
WACC = (0.0349 / 0.8387) * (100% - 0.9163) * (1 - 0.21) + -0.0236 + 0.9163 = 3.23
Terminal Value = Discount (0.0053 * (1 + -0.1329) / (3.23 - -0.1329)) = 0.0239
Company Value = ∑ (0.0053 / (1 + 3.23) ^ 5) = 0.0333
Price = (Terminal Value + Company Value) / Count shares = (0.0239 + 0.0333) / 411290000 = 0.1391

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) = -0.5569
FCF Yield = 0.1197
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 = 0.0349
Debt = 0.8387
Market Cap = 9.18
Weight Debt = Market Cap / (Market Cap + Debt) = 9.18 / (9.18 + 0.8387) = 0.9163
Weight Cost Debt = 100% - 0.9163 = 0.0837
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 = -0.9025
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -0.9025 * 5.94 + 0 = -0.0236
WACC = (0.0349 / 0.8387) * (100% - 0.9163) * (1 - 0.21) + -0.0236 + 0.9163 = 3.23
Terminal Value = Discount (-0.5569 * (1 + 0.1197) / (3.23 - 0.1197)) = -6.09
Company Value = ∑ (-0.5569 / (1 + 3.23) ^ 5) = -2.03
Price = (Terminal Value + Company Value) / Count shares = (-6.09 + -2.03) / 411290000 = -19.74