NSE: BAGFILMS - B.A.G Films and Media 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 = 0.1712
CAGR EPS = 18.85%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.1712 * (1 + 18.85%) / (0.0433 * 2) = 2.35

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) = 0.3933
Ebitda Yield = 0.1108
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 = 0.1006
Debt = 1.08
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.08) = 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 = 4.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.93 * 5.94 + 0 = 0.3209
WACC = (0.1006 / 1.08) * (100% - 0) * (1 - 0.21) + 0.3209 + 0 = 7.37
Terminal Value = Discount (0.3933 * (1 + 0.1108) / (7.37 - 0.1108)) = 8.26
Company Value = ∑ (0.3933 / (1 + 7.37) ^ 5) = 1.29
Price = (Terminal Value + Company Value) / Count shares = (8.26 + 1.29) / 232680000 = 41.04

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) = 0.0871
FCF Yield = -0.1047
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 = 0.1006
Debt = 1.08
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.08) = 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 = 4.93
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 4.93 * 5.94 + 0 = 0.3209
WACC = (0.1006 / 1.08) * (100% - 0) * (1 - 0.21) + 0.3209 + 0 = 7.37
Terminal Value = Discount (0.0871 * (1 + -0.1047) / (7.37 - -0.1047)) = 0.3064
Company Value = ∑ (0.0871 / (1 + 7.37) ^ 5) = 0.4536
Price = (Terminal Value + Company Value) / Count shares = (0.3064 + 0.4536) / 232680000 = 3.27