OTC: HPURF - Hexagon Purus ASA

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 = -0.2307
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.7329 + (0.7329 * 8.66% / 100) = 0.7963

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) = -0.0186
Ebitda Yield = -0.1359
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 = 0.0178
Debt = 0.6164
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.6164) = 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) = 3
β = -4.02
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -4.02 * 5.94 + 0 = -0.2087
WACC = (0.0178 / 0.6164) * (100% - 0) * (1 - 0.21) + -0.2087 + 0 = 2.28
Terminal Value = Discount (-0.0186 * (1 + -0.1359) / (2.28 - -0.1359)) = -0.0906
Company Value = ∑ (-0.0186 / (1 + 2.28) ^ 5) = -0.12
Price = (Terminal Value + Company Value) / Count shares = (-0.0906 + -0.12) / 276830000 = -0.7609

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) = -8.53
FCF Yield = 0.5118
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 = 0.0178
Debt = 0.6164
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.6164) = 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) = 3
β = -4.02
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -4.02 * 5.94 + 0 = -0.2087
WACC = (0.0178 / 0.6164) * (100% - 0) * (1 - 0.21) + -0.2087 + 0 = 2.28
Terminal Value = Discount (-8.53 * (1 + 0.5118) / (2.28 - 0.5118)) = -23.56
Company Value = ∑ (-8.53 / (1 + 2.28) ^ 5) = -20.22
Price = (Terminal Value + Company Value) / Count shares = (-23.56 + -20.22) / 276830000 = -158.13