TSE: 6521 - OXIDE Corporation

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 = -41.58
CAGR EPS = -150.79%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0 + (0 * -150.79% / 100) = 230.59

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
Ebitda Yield = -1.01
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 = 0.1352
Debt = 9.21
Market Cap = 38.14
Weight Debt = Market Cap / (Market Cap + Debt) = 38.14 / (38.14 + 9.21) = 0.8055
Weight Cost Debt = 100% - 0.8055 = 0.1945
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 = -3.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -3.14 * 5.94 + 0 = -0.1588
WACC = (0.1352 / 9.21) * (100% - 0.8055) * (1 - 0.21) + -0.1588 + 0.8055 = 1.02
Terminal Value = Discount (0 * (1 + -1.01) / (1.02 - -1.01)) = 0
Company Value = ∑ (0 / (1 + 1.02) ^ 5) = 0.000501
Price = (Terminal Value + Company Value) / Count shares = (0 + 0.000501) / 10890000 = 0.046

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) = -0.1966
FCF Yield = -0.4087
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 = 0.1352
Debt = 9.21
Market Cap = 38.14
Weight Debt = Market Cap / (Market Cap + Debt) = 38.14 / (38.14 + 9.21) = 0.8055
Weight Cost Debt = 100% - 0.8055 = 0.1945
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 = -3.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -3.14 * 5.94 + 0 = -0.1588
WACC = (0.1352 / 9.21) * (100% - 0.8055) * (1 - 0.21) + -0.1588 + 0.8055 = 1.02
Terminal Value = Discount (-0.1966 * (1 + -0.4087) / (1.02 - -0.4087)) = -0.2637
Company Value = ∑ (-0.1966 / (1 + 1.02) ^ 5) = -3.58
Price = (Terminal Value + Company Value) / Count shares = (-0.2637 + -3.58) / 10890000 = -352.61