BSE: VMART - V-Mart Retail 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 = -48.93
CAGR EPS = -212.51%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -212.51% / 100) = 635.67

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) = 5.4
Ebitda Yield = 0.1373
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 = 1.42
Debt = 13.32
Market Cap = 41.45
Weight Debt = Market Cap / (Market Cap + Debt) = 41.45 / (41.45 + 13.32) = 0.7568
Weight Cost Debt = 100% - 0.7568 = 0.2432
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) = 2.75
β = -0.3608
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.3608 * 5.94 + 0 = 0.0061
WACC = (1.42 / 13.32) * (100% - 0.7568) * (1 - 0.21) + 0.0061 + 0.7568 = 8.35
Terminal Value = Discount (5.4 * (1 + 0.1373) / (8.35 - 0.1373)) = 76.46
Company Value = ∑ (5.4 / (1 + 8.35) ^ 5) = 16.45
Price = (Terminal Value + Company Value) / Count shares = (76.46 + 16.45) / 19770000 = 4699.83

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) = 18.79
FCF Yield = 0.4819
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 = 1.42
Debt = 13.32
Market Cap = 41.45
Weight Debt = Market Cap / (Market Cap + Debt) = 41.45 / (41.45 + 13.32) = 0.7568
Weight Cost Debt = 100% - 0.7568 = 0.2432
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) = 2.75
β = -0.3608
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.3608 * 5.94 + 0 = 0.0061
WACC = (1.42 / 13.32) * (100% - 0.7568) * (1 - 0.21) + 0.0061 + 0.7568 = 8.35
Terminal Value = Discount (18.79 * (1 + 0.4819) / (8.35 - 0.4819)) = 46.79
Company Value = ∑ (18.79 / (1 + 8.35) ^ 5) = 37.02
Price = (Terminal Value + Company Value) / Count shares = (46.79 + 37.02) / 19770000 = 4239.35