BSE: NYKAA - FSN E-Commerce Ventures 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 = 0.113
CAGR EPS = 31.49%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.113 * (1 + 31.49%) / (0.0433 * 2) = 1.72

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) = 9.35
Ebitda Yield = 0.2671
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 = 0.8283
Debt = 4.6
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 4.6) = 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 = 1.16
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.16 * 5.94 + 0 = 0.097
WACC = (0.8283 / 4.6) * (100% - 0) * (1 - 0.21) + 0.097 + 0 = 14.21
Terminal Value = Discount (9.35 * (1 + 0.2671) / (14.21 - 0.2671)) = 48.78
Company Value = ∑ (9.35 / (1 + 14.21) ^ 5) = 19.75
Price = (Terminal Value + Company Value) / Count shares = (48.78 + 19.75) / 2855990000 = 24

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) = -2.55
FCF Yield = 0.1824
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 = 0.8283
Debt = 4.6
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 4.6) = 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 = 1.16
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.16 * 5.94 + 0 = 0.097
WACC = (0.8283 / 4.6) * (100% - 0) * (1 - 0.21) + 0.097 + 0 = 14.21
Terminal Value = Discount (-2.55 * (1 + 0.1824) / (14.21 - 0.1824)) = -38.55
Company Value = ∑ (-2.55 / (1 + 14.21) ^ 5) = -6.14
Price = (Terminal Value + Company Value) / Count shares = (-38.55 + -6.14) / 2855990000 = -15.65