NSE: AFFLE - Affle (India) 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 = 21.91
CAGR EPS = 33.18%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 21.91 * (1 + 33.18%) / (0.0458 * 2) = 318.55

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) = 14.26
Ebitda Yield = 0.2789
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 = 0.1887
Debt = 1.83
Market Cap = 137.94
Weight Debt = Market Cap / (Market Cap + Debt) = 137.94 / (137.94 + 1.83) = 0.9869
Weight Cost Debt = 100% - 0.9869 = 0.0131
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 = -0.5639
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.5639 * 5.94 + 0 = -0.006
WACC = (0.1887 / 1.83) * (100% - 0.9869) * (1 - 0.21) + -0.006 + 0.9869 = 8.08
Terminal Value = Discount (14.26 * (1 + 0.2789) / (8.08 - 0.2789)) = 62.44
Company Value = ∑ (14.26 / (1 + 8.08) ^ 5) = 35.53
Price = (Terminal Value + Company Value) / Count shares = (62.44 + 35.53) / 133190000 = 735.58

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) = 4.17
FCF Yield = 0.2323
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 = 0.1887
Debt = 1.83
Market Cap = 137.94
Weight Debt = Market Cap / (Market Cap + Debt) = 137.94 / (137.94 + 1.83) = 0.9869
Weight Cost Debt = 100% - 0.9869 = 0.0131
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 = -0.5639
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.5639 * 5.94 + 0 = -0.006
WACC = (0.1887 / 1.83) * (100% - 0.9869) * (1 - 0.21) + -0.006 + 0.9869 = 8.08
Terminal Value = Discount (4.17 * (1 + 0.2323) / (8.08 - 0.2323)) = 22.98
Company Value = ∑ (4.17 / (1 + 8.08) ^ 5) = 11.06
Price = (Terminal Value + Company Value) / Count shares = (22.98 + 11.06) / 133190000 = 255.57