BSE: GTLINFRA - GTL Infrastructure 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 = -0.532
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1.63 + (1.63 * 8.66% / 100) = 1.77

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) = -6.67
Ebitda Yield = 0.0464
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 = 8.01
Debt = 14.94
Market Cap = 10.14
Weight Debt = Market Cap / (Market Cap + Debt) = 10.14 / (10.14 + 14.94) = 0.4043
Weight Cost Debt = 100% - 0.4043 = 0.5957
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 = 4.02
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.02 * 5.94 + 0 = 0.2671
WACC = (8.01 / 14.94) * (100% - 0.4043) * (1 - 0.21) + 0.2671 + 0.4043 = 42.26
Terminal Value = Discount (-6.67 * (1 + 0.0464) / (42.26 - 0.0464)) = -3.18
Company Value = ∑ (-6.67 / (1 + 42.26) ^ 5) = -11.6
Price = (Terminal Value + Company Value) / Count shares = (-3.18 + -11.6) / 12807020000 = -1.15

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.8132
FCF Yield = -0.1272
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 = 8.01
Debt = 14.94
Market Cap = 10.14
Weight Debt = Market Cap / (Market Cap + Debt) = 10.14 / (10.14 + 14.94) = 0.4043
Weight Cost Debt = 100% - 0.4043 = 0.5957
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 = 4.02
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.02 * 5.94 + 0 = 0.2671
WACC = (8.01 / 14.94) * (100% - 0.4043) * (1 - 0.21) + 0.2671 + 0.4043 = 42.26
Terminal Value = Discount (0.8132 * (1 + -0.1272) / (42.26 - -0.1272)) = 0.2215
Company Value = ∑ (0.8132 / (1 + 42.26) ^ 5) = 2.33
Price = (Terminal Value + Company Value) / Count shares = (0.2215 + 2.33) / 12807020000 = 0.199