BSE: BANKINDIA - Bank of India 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 = 14.42
CAGR EPS = 42.14%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 133.75 + (133.75 * 42.14% / 100) = 190.12

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) = 374.86
Ebitda Yield = 0.0494
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 = 377.57
Debt = 650.15
Market Cap = 341.01
Weight Debt = Market Cap / (Market Cap + Debt) = 341.01 / (341.01 + 650.15) = 0.3441
Weight Cost Debt = 100% - 0.3441 = 0.6559
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) = 2.39
β = 1.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 1.7 * 5.94 + 0 = 0.1247
WACC = (377.57 / 650.15) * (100% - 0.3441) * (1 - 0.21) + 0.1247 + 0.3441 = 45.76
Terminal Value = Discount (374.86 * (1 + 0.0494) / (45.76 - 0.0494)) = 146.46
Company Value = ∑ (374.86 / (1 + 45.76) ^ 5) = 610.67
Price = (Terminal Value + Company Value) / Count shares = (146.46 + 610.67) / 4552670000 = 166.3

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) = -49.18
FCF Yield = -0.0144
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 = 377.57
Debt = 650.15
Market Cap = 341.01
Weight Debt = Market Cap / (Market Cap + Debt) = 341.01 / (341.01 + 650.15) = 0.3441
Weight Cost Debt = 100% - 0.3441 = 0.6559
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) = 2.39
β = 1.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 1.7 * 5.94 + 0 = 0.1247
WACC = (377.57 / 650.15) * (100% - 0.3441) * (1 - 0.21) + 0.1247 + 0.3441 = 45.76
Terminal Value = Discount (-49.18 * (1 + -0.0144) / (45.76 - -0.0144)) = -15.61
Company Value = ∑ (-49.18 / (1 + 45.76) ^ 5) = -94.8
Price = (Terminal Value + Company Value) / Count shares = (-15.61 + -94.8) / 4552670000 = -24.25