NSE: AKG - Akg Exim 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 = 0.48
CAGR EPS = 1.13%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.48 * (1 + 1.13%) / (0.0433 * 2) = 5.61

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) = 0.0339
Ebitda Yield = -0.0024
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 = 0.0125
Debt = 0.1417
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.1417) = 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) = 3
β = 4.73
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 4.73 * 5.94 + 0 = 0.3108
WACC = (0.0125 / 0.1417) * (100% - 0) * (1 - 0.21) + 0.3108 + 0 = 6.96
Terminal Value = Discount (0.0339 * (1 + -0.0024) / (6.96 - -0.0024)) = 0.3355
Company Value = ∑ (0.0339 / (1 + 6.96) ^ 5) = 0.1398
Price = (Terminal Value + Company Value) / Count shares = (0.3355 + 0.1398) / 33459999 = 14.21

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) = -0.071
FCF Yield = 0.075
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 = 0.0125
Debt = 0.1417
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.1417) = 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) = 3
β = 4.73
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 4.73 * 5.94 + 0 = 0.3108
WACC = (0.0125 / 0.1417) * (100% - 0) * (1 - 0.21) + 0.3108 + 0 = 6.96
Terminal Value = Discount (-0.071 * (1 + 0.075) / (6.96 - 0.075)) = -10.09
Company Value = ∑ (-0.071 / (1 + 6.96) ^ 5) = -0.2511
Price = (Terminal Value + Company Value) / Count shares = (-10.09 + -0.2511) / 33459999 = -309.08