BSE: ITI - ITI 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 = -5.92
CAGR EPS = -227.5%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -227.5% / 100) = 87.17

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) = 0.0158
Ebitda Yield = -1.44
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 = 2.41
Debt = 17.95
Market Cap = 104.5
Weight Debt = Market Cap / (Market Cap + Debt) = 104.5 / (104.5 + 17.95) = 0.8534
Weight Cost Debt = 100% - 0.8534 = 0.1466
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) = 2.89
β = -3.61
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -3.61 * 5.94 + 0 = -0.1854
WACC = (2.41 / 17.95) * (100% - 0.8534) * (1 - 0.21) + -0.1854 + 0.8534 = 10.37
Terminal Value = Discount (0.0158 * (1 + -1.44) / (10.37 - -1.44)) = -0.0027
Company Value = ∑ (0.0158 / (1 + 10.37) ^ 5) = 0.2885
Price = (Terminal Value + Company Value) / Count shares = (-0.0027 + 0.2885) / 960890000 = 0.2974

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) = 38.63
FCF Yield = 0.3277
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 = 2.41
Debt = 17.95
Market Cap = 104.5
Weight Debt = Market Cap / (Market Cap + Debt) = 104.5 / (104.5 + 17.95) = 0.8534
Weight Cost Debt = 100% - 0.8534 = 0.1466
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) = 2.89
β = -3.61
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -3.61 * 5.94 + 0 = -0.1854
WACC = (2.41 / 17.95) * (100% - 0.8534) * (1 - 0.21) + -0.1854 + 0.8534 = 10.37
Terminal Value = Discount (38.63 * (1 + 0.3277) / (10.37 - 0.3277)) = 139.79
Company Value = ∑ (38.63 / (1 + 10.37) ^ 5) = 84.29
Price = (Terminal Value + Company Value) / Count shares = (139.79 + 84.29) / 960890000 = 233.21