NASDAQ: SIFY - Sify Technologies 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 = 1.59
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.52 + (2.52 * 8.66% / 100) = 2.73

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) = 7.45
Ebitda Yield = 0.053
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 = 2.11
Debt = 27.59
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 27.59) = 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) = 2.39
β = -1.75
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -1.75 * 5.94 + 0 = -0.08
WACC = (2.11 / 27.59) * (100% - 0) * (1 - 0.21) + -0.08 + 0 = 6.04
Terminal Value = Discount (7.45 * (1 + 0.053) / (6.04 - 0.053)) = 798.48
Company Value = ∑ (7.45 / (1 + 6.04) ^ 5) = 28.16
Price = (Terminal Value + Company Value) / Count shares = (798.48 + 28.16) / 30870000 = 26778.19

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) = 14.84
FCF Yield = -2.15
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 = 2.11
Debt = 27.59
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 27.59) = 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) = 2.39
β = -1.75
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -1.75 * 5.94 + 0 = -0.08
WACC = (2.11 / 27.59) * (100% - 0) * (1 - 0.21) + -0.08 + 0 = 6.04
Terminal Value = Discount (14.84 * (1 + -2.15) / (6.04 - -2.15)) = -5.76
Company Value = ∑ (14.84 / (1 + 6.04) ^ 5) = 9.6
Price = (Terminal Value + Company Value) / Count shares = (-5.76 + 9.6) / 30870000 = 124.59