BSE: ASTEC - Astec LifeSciences 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 = -23.93
CAGR EPS = -210.02%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -210.02% / 100) = 304.05

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) = 0.5537
Ebitda Yield = -0.0485
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 = 0.2486
Debt = 4.94
Market Cap = 26.52
Weight Debt = Market Cap / (Market Cap + Debt) = 26.52 / (26.52 + 4.94) = 0.843
Weight Cost Debt = 100% - 0.843 = 0.157
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 = 4.43
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.43 * 5.94 + 0 = 0.2912
WACC = (0.2486 / 4.94) * (100% - 0.843) * (1 - 0.21) + 0.2912 + 0.843 = 4.19
Terminal Value = Discount (0.5537 * (1 + -0.0485) / (4.19 - -0.0485)) = 4.75
Company Value = ∑ (0.5537 / (1 + 4.19) ^ 5) = 2.73
Price = (Terminal Value + Company Value) / Count shares = (4.75 + 2.73) / 19610000 = 381

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) = 0.0997
FCF Yield = -1.6
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 = 0.2486
Debt = 4.94
Market Cap = 26.52
Weight Debt = Market Cap / (Market Cap + Debt) = 26.52 / (26.52 + 4.94) = 0.843
Weight Cost Debt = 100% - 0.843 = 0.157
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 = 4.43
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.43 * 5.94 + 0 = 0.2912
WACC = (0.2486 / 4.94) * (100% - 0.843) * (1 - 0.21) + 0.2912 + 0.843 = 4.19
Terminal Value = Discount (0.0997 * (1 + -1.6) / (4.19 - -1.6)) = -0.0298
Company Value = ∑ (0.0997 / (1 + 4.19) ^ 5) = 0.4889
Price = (Terminal Value + Company Value) / Count shares = (-0.0298 + 0.4889) / 19610000 = 23.41