TSE: 4382 - HEROZ, 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 = -75.45
CAGR EPS = -234.17%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0 + (0 * -234.17% / 100) = 1105.18

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) = 1.04
Ebitda Yield = 0.0552
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 = 0.0103
Debt = 1.4
Market Cap = 31.57
Weight Debt = Market Cap / (Market Cap + Debt) = 31.57 / (31.57 + 1.4) = 0.9574
Weight Cost Debt = 100% - 0.9574 = 0.0426
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) = 2.75
β = -2.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -2.14 * 5.94 + 0 = -0.0993
WACC = (0.0103 / 1.4) * (100% - 0.9574) * (1 - 0.21) + -0.0993 + 0.9574 = 0.4807
Terminal Value = Discount (1.04 * (1 + 0.0552) / (0.4807 - 0.0552)) = 21.34
Company Value = ∑ (1.04 / (1 + 0.4807) ^ 5) = 4.63
Price = (Terminal Value + Company Value) / Count shares = (21.34 + 4.63) / 15030000 = 1728.09

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) = 0.0037
FCF Yield = -0.2904
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 = 0.0103
Debt = 1.4
Market Cap = 31.57
Weight Debt = Market Cap / (Market Cap + Debt) = 31.57 / (31.57 + 1.4) = 0.9574
Weight Cost Debt = 100% - 0.9574 = 0.0426
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) = 2.75
β = -2.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -2.14 * 5.94 + 0 = -0.0993
WACC = (0.0103 / 1.4) * (100% - 0.9574) * (1 - 0.21) + -0.0993 + 0.9574 = 0.4807
Terminal Value = Discount (0.0037 * (1 + -0.2904) / (0.4807 - -0.2904)) = 0.0088
Company Value = ∑ (0.0037 / (1 + 0.4807) ^ 5) = 0.0412
Price = (Terminal Value + Company Value) / Count shares = (0.0088 + 0.0412) / 15030000 = 3.33