BSE: SUNCLAYLTD - Sundaram-Clayton 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 = 134.99
CAGR EPS = -8.77%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 134.99 * (1 + -8.77%) / (0.0433 * 2) = 1422.09

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) = 8.76
Ebitda Yield = -0.084
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 = 0.4582
Debt = 257.89
Market Cap = 97.28
Weight Debt = Market Cap / (Market Cap + Debt) = 97.28 / (97.28 + 257.89) = 0.2739
Weight Cost Debt = 100% - 0.2739 = 0.7261
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) = 2.39
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0 * 5.94 + 0 = 0.0239
WACC = (0.4582 / 257.89) * (100% - 0.2739) * (1 - 0.21) + 0.0239 + 0.2739 = 0.1465
Terminal Value = Discount (8.76 * (1 + -0.084) / (0.1465 - -0.084)) = 93.25
Company Value = ∑ (8.76 / (1 + 0.1465) ^ 5) = 52.38
Price = (Terminal Value + Company Value) / Count shares = (93.25 + 52.38) / 20230000 = 7198.82

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) = -128.53
FCF Yield = 0.1809
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 = 0.4582
Debt = 257.89
Market Cap = 97.28
Weight Debt = Market Cap / (Market Cap + Debt) = 97.28 / (97.28 + 257.89) = 0.2739
Weight Cost Debt = 100% - 0.2739 = 0.7261
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) = 2.39
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 0 * 5.94 + 0 = 0.0239
WACC = (0.4582 / 257.89) * (100% - 0.2739) * (1 - 0.21) + 0.0239 + 0.2739 = 0.1465
Terminal Value = Discount (-128.53 * (1 + 0.1809) / (0.1465 - 0.1809)) = -839.58
Company Value = ∑ (-128.53 / (1 + 0.1465) ^ 5) = -471.35
Price = (Terminal Value + Company Value) / Count shares = (-839.58 + -471.35) / 20230000 = -64801.54