NSE: ADL - Archidply Decor 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 = 0.0514
CAGR EPS = 15.16%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0514 * (1 + 15.16%) / (0.0433 * 2) = 0.6833

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) = 0.0621
Ebitda Yield = 0.0609
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 = 0.0208
Debt = 0.22
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.22) = 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 = 4.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.48 * 5.94 + 0 = 0.2942
WACC = (0.0208 / 0.22) * (100% - 0) * (1 - 0.21) + 0.2942 + 0 = 7.45
Terminal Value = Discount (0.0621 * (1 + 0.0609) / (7.45 - 0.0609)) = 3.38
Company Value = ∑ (0.0621 / (1 + 7.45) ^ 5) = 0.2222
Price = (Terminal Value + Company Value) / Count shares = (3.38 + 0.2222) / 5570000 = 646.06

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) = 0.000663
FCF Yield = -1.49
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 = 0.0208
Debt = 0.22
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.22) = 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 = 4.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.48 * 5.94 + 0 = 0.2942
WACC = (0.0208 / 0.22) * (100% - 0) * (1 - 0.21) + 0.2942 + 0 = 7.45
Terminal Value = Discount (0.000663 * (1 + -1.49) / (7.45 - -1.49)) = -0.000144
Company Value = ∑ (0.000663 / (1 + 7.45) ^ 5) = 0.0078
Price = (Terminal Value + Company Value) / Count shares = (-0.000144 + 0.0078) / 5570000 = 1.37