NYSE: CYBN - Cybin Inc.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = -0.2159
CAGR EPS = 29.05%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 5.45 + (5.45 * 29.05% / 100) = 7.04

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 170
Ebitda Yield = -5.65
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0075
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = 156.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 156.62 * 5.94 + 0 = 9.33
WACC = (0.0075 / 0) * (100% - 0) * (1 - 0.21) + 9.33 + 0 = 0
Terminal Value = Discount (170 * (1 + -5.65) / (0 - -5.65)) = -139.9
Company Value = ∑ (170 / (1 + 0) ^ 5) = 139.96
Price = (Terminal Value + Company Value) / Count shares = (-139.9 + 139.96) / 185430000 = 0.348

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -1321.05
FCF Yield = 6.17
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0075
Debt = 0
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = 156.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 156.62 * 5.94 + 0 = 9.33
WACC = (0.0075 / 0) * (100% - 0) * (1 - 0.21) + 9.33 + 0 = 0
Terminal Value = Discount (-1321.05 * (1 + 6.17) / (0 - 6.17)) = -1535.09
Company Value = ∑ (-1321.05 / (1 + 0) ^ 5) = -1535.01
Price = (Terminal Value + Company Value) / Count shares = (-1535.09 + -1535.01) / 185430000 = -16556.69