BSE: JITFINFRA - JITF Infralogistics 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 = 13.78
CAGR EPS = 17.72%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 13.78 * (1 + 17.72%) / (0.0433 * 2) = 187.25

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) = 9.76
Ebitda Yield = 0.2898
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 = 2.87
Debt = 37.72
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 37.72) = 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 = 5.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.86 * 5.94 + 0 = 0.3764
WACC = (2.87 / 37.72) * (100% - 0) * (1 - 0.21) + 0.3764 + 0 = 6.02
Terminal Value = Discount (9.76 * (1 + 0.2898) / (6.02 - 0.2898)) = 40.92
Company Value = ∑ (9.76 / (1 + 6.02) ^ 5) = 25.56
Price = (Terminal Value + Company Value) / Count shares = (40.92 + 25.56) / 25700000 = 2586.92

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) = -1.71
FCF Yield = 0.0663
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 = 2.87
Debt = 37.72
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 37.72) = 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 = 5.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 5.86 * 5.94 + 0 = 0.3764
WACC = (2.87 / 37.72) * (100% - 0) * (1 - 0.21) + 0.3764 + 0 = 6.02
Terminal Value = Discount (-1.71 * (1 + 0.0663) / (6.02 - 0.0663)) = -222.78
Company Value = ∑ (-1.71 / (1 + 6.02) ^ 5) = -6.31
Price = (Terminal Value + Company Value) / Count shares = (-222.78 + -6.31) / 25700000 = -8914.15