BSE: ASHOKA - Ashoka Buildcon Limited

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 = 17.92
CAGR EPS = 89.62%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 176.23 + (176.23 * 89.62% / 100) = 334.15

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) = 25.17
Ebitda Yield = 0.0436
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 = 13.1
Debt = 54.43
Market Cap = 22.15
Weight Debt = Market Cap / (Market Cap + Debt) = 22.15 / (22.15 + 54.43) = 0.2892
Weight Cost Debt = 100% - 0.2892 = 0.7108
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) = 2.82
β = 5.19
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.19 * 5.94 + 0 = 0.3365
WACC = (13.1 / 54.43) * (100% - 0.2892) * (1 - 0.21) + 0.3365 + 0.2892 = 19.06
Terminal Value = Discount (25.17 * (1 + 0.0436) / (19.06 - 0.0436)) = 74.68
Company Value = ∑ (25.17 / (1 + 19.06) ^ 5) = 69.65
Price = (Terminal Value + Company Value) / Count shares = (74.68 + 69.65) / 280720000 = 514.14

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) = 4.17
FCF Yield = -0.071
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 = 13.1
Debt = 54.43
Market Cap = 22.15
Weight Debt = Market Cap / (Market Cap + Debt) = 22.15 / (22.15 + 54.43) = 0.2892
Weight Cost Debt = 100% - 0.2892 = 0.7108
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) = 2.82
β = 5.19
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.19 * 5.94 + 0 = 0.3365
WACC = (13.1 / 54.43) * (100% - 0.2892) * (1 - 0.21) + 0.3365 + 0.2892 = 19.06
Terminal Value = Discount (4.17 * (1 + -0.071) / (19.06 - -0.071)) = 6.19
Company Value = ∑ (4.17 / (1 + 19.06) ^ 5) = 15.21
Price = (Terminal Value + Company Value) / Count shares = (6.19 + 15.21) / 280720000 = 76.22