BSE: KESORAMIND - Kesoram Industries 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 = -12.36
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 183.63 + (183.63 * 8.66% / 100) = 199.53

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) = 1.15
Ebitda Yield = -0.0727
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 = 4.79
Debt = 22.67
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 22.67) = 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 = 1.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.62 * 5.94 + 0 = 0.1242
WACC = (4.79 / 22.67) * (100% - 0) * (1 - 0.21) + 0.1242 + 0 = 16.68
Terminal Value = Discount (1.15 * (1 + -0.0727) / (16.68 - -0.0727)) = 2.06
Company Value = ∑ (1.15 / (1 + 16.68) ^ 5) = 4.44
Price = (Terminal Value + Company Value) / Count shares = (2.06 + 4.44) / 310660000 = 20.91

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) = 0.2579
FCF Yield = -0.2539
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 = 4.79
Debt = 22.67
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 22.67) = 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 = 1.62
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.62 * 5.94 + 0 = 0.1242
WACC = (4.79 / 22.67) * (100% - 0) * (1 - 0.21) + 0.1242 + 0 = 16.68
Terminal Value = Discount (0.2579 * (1 + -0.2539) / (16.68 - -0.2539)) = 0.2115
Company Value = ∑ (0.2579 / (1 + 16.68) ^ 5) = 1.77
Price = (Terminal Value + Company Value) / Count shares = (0.2115 + 1.77) / 310660000 = 6.37