BSE: POONAWALLA - Poonawalla Fincorp 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 = 21.84
CAGR EPS = 85.3%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 374.43 + (374.43 * 85.3% / 100) = 693.8

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) = 19.56
Ebitda Yield = 0.2861
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 = 0.1943
Debt = 150.8
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 150.8) = 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 = 3.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.48 * 5.94 + 0 = 0.2351
WACC = (0.1943 / 150.8) * (100% - 0) * (1 - 0.21) + 0.2351 + 0 = 0.1018
Terminal Value = Discount (19.56 * (1 + 0.2861) / (0.1018 - 0.2861)) = 87.82
Company Value = ∑ (19.56 / (1 + 0.1018) ^ 5) = 62.73
Price = (Terminal Value + Company Value) / Count shares = (87.82 + 62.73) / 770550000 = 195.37

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) = 81.45
FCF Yield = -2.01
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 = 0.1943
Debt = 150.8
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 150.8) = 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 = 3.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.48 * 5.94 + 0 = 0.2351
WACC = (0.1943 / 150.8) * (100% - 0) * (1 - 0.21) + 0.2351 + 0 = 0.1018
Terminal Value = Discount (81.45 * (1 + -2.01) / (0.1018 - -2.01)) = -40.79
Company Value = ∑ (81.45 / (1 + 0.1018) ^ 5) = 78.92
Price = (Terminal Value + Company Value) / Count shares = (-40.79 + 78.92) / 770550000 = 49.48