BSE: CIGNITI - Cigniti Technologies 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 = 61.75
CAGR EPS = 9.36%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 61.75 * (1 + 9.36%) / (0.0433 * 2) = 779.78

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) = 3.84
Ebitda Yield = 0.088
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 = 0.0323
Debt = 0
Market Cap = 23.09
Weight Debt = Market Cap / (Market Cap + Debt) = 23.09 / (23.09 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 1.34
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.34 * 5.94 + 0 = 0.1075
WACC = (0.0323 / 0) * (100% - 0) * (1 - 0.21) + 0.1075 + 0 = 0
Terminal Value = Discount (3.84 * (1 + 0.088) / (0 - 0.088)) = 47.51
Company Value = ∑ (3.84 / (1 + 0) ^ 5) = 16.34
Price = (Terminal Value + Company Value) / Count shares = (47.51 + 16.34) / 27260000 = 2342.35

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) = 1.2
FCF Yield = 0.0375
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 = 0.0323
Debt = 0
Market Cap = 23.09
Weight Debt = Market Cap / (Market Cap + Debt) = 23.09 / (23.09 + 0) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 1.34
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.34 * 5.94 + 0 = 0.1075
WACC = (0.0323 / 0) * (100% - 0) * (1 - 0.21) + 0.1075 + 0 = 0
Terminal Value = Discount (1.2 * (1 + 0.0375) / (0 - 0.0375)) = 33.26
Company Value = ∑ (1.2 / (1 + 0) ^ 5) = 5.6
Price = (Terminal Value + Company Value) / Count shares = (33.26 + 5.6) / 27260000 = 1425.57