BSE: PATANJALI - Patanjali Foods 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 = 21.14
CAGR EPS = -39.39%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 21.14 * (1 + -39.39%) / (0.0433 * 2) = 147.98

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) = 626.72
Ebitda Yield = 0.1463
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 = 0.7632
Debt = 14.54
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 14.54) = 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 = 0.793
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.793 * 5.94 + 0 = 0.0753
WACC = (0.7632 / 14.54) * (100% - 0) * (1 - 0.21) + 0.0753 + 0 = 4.15
Terminal Value = Discount (626.72 * (1 + 0.1463) / (4.15 - 0.1463)) = 5591.09
Company Value = ∑ (626.72 / (1 + 4.15) ^ 5) = 2130.36
Price = (Terminal Value + Company Value) / Count shares = (5591.09 + 2130.36) / 361920000 = 21334.7

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) = 135.25
FCF Yield = 0.5238
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 = 0.7632
Debt = 14.54
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 14.54) = 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 = 0.793
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0.793 * 5.94 + 0 = 0.0753
WACC = (0.7632 / 14.54) * (100% - 0) * (1 - 0.21) + 0.0753 + 0 = 4.15
Terminal Value = Discount (135.25 * (1 + 0.5238) / (4.15 - 0.5238)) = 348.71
Company Value = ∑ (135.25 / (1 + 4.15) ^ 5) = 296.7
Price = (Terminal Value + Company Value) / Count shares = (348.71 + 296.7) / 361920000 = 1783.3