NSE: AKSHOPTFBR - Aksh Optifibre 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 = -4.38
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 9.06 + (9.06 * 8.66% / 100) = 9.84

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) = -0.1222
Ebitda Yield = -0.2032
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 = 0.158
Debt = 1.02
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.02) = 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 = 3.26
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.26 * 5.94 + 0 = 0.222
WACC = (0.158 / 1.02) * (100% - 0) * (1 - 0.21) + 0.222 + 0 = 12.19
Terminal Value = Discount (-0.1222 * (1 + -0.2032) / (12.19 - -0.2032)) = -0.1685
Company Value = ∑ (-0.1222 / (1 + 12.19) ^ 5) = -0.7639
Price = (Terminal Value + Company Value) / Count shares = (-0.1685 + -0.7639) / 162700000 = -5.73

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0801
FCF Yield = -0.1777
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 = 0.158
Debt = 1.02
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.02) = 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 = 3.26
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.26 * 5.94 + 0 = 0.222
WACC = (0.158 / 1.02) * (100% - 0) * (1 - 0.21) + 0.222 + 0 = 12.19
Terminal Value = Discount (0.0801 * (1 + -0.1777) / (12.19 - -0.1777)) = 0.1236
Company Value = ∑ (0.0801 / (1 + 12.19) ^ 5) = 0.461
Price = (Terminal Value + Company Value) / Count shares = (0.1236 + 0.461) / 162700000 = 3.59