BSE: AMBER - Amber Enterprises India Limited

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 = 39.44
CAGR EPS = -4.78%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 39.44 * (1 + -4.78%) / (0.0433 * 2) = 433.65

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) = 8.77
Ebitda Yield = 0.1327
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 = 1.53
Debt = 14.33
Market Cap = 76.07
Weight Debt = Market Cap / (Market Cap + Debt) = 76.07 / (76.07 + 14.33) = 0.8415
Weight Cost Debt = 100% - 0.8415 = 0.1585
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) = 2.89
β = -14.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -14.86 * 5.94 + 0 = -0.8537
WACC = (1.53 / 14.33) * (100% - 0.8415) * (1 - 0.21) + -0.8537 + 0.8415 = 7.63
Terminal Value = Discount (8.77 * (1 + 0.1327) / (7.63 - 0.1327)) = 122.03
Company Value = ∑ (8.77 / (1 + 7.63) ^ 5) = 27.5
Price = (Terminal Value + Company Value) / Count shares = (122.03 + 27.5) / 33690000 = 4438.22

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) = 16.74
FCF Yield = 0.248
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 = 1.53
Debt = 14.33
Market Cap = 76.07
Weight Debt = Market Cap / (Market Cap + Debt) = 76.07 / (76.07 + 14.33) = 0.8415
Weight Cost Debt = 100% - 0.8415 = 0.1585
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) = 2.89
β = -14.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -14.86 * 5.94 + 0 = -0.8537
WACC = (1.53 / 14.33) * (100% - 0.8415) * (1 - 0.21) + -0.8537 + 0.8415 = 7.63
Terminal Value = Discount (16.74 * (1 + 0.248) / (7.63 - 0.248)) = 84.22
Company Value = ∑ (16.74 / (1 + 7.63) ^ 5) = 44.04
Price = (Terminal Value + Company Value) / Count shares = (84.22 + 44.04) / 33690000 = 3807.09