NSE: BARBEQUE - Barbeque-Nation Hospitality 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 = -3.43
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 662.78 + (662.78 * 9.16% / 100) = 723.49

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) = 2.72
Ebitda Yield = 0.051
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 = 0.7586
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) = 2.75
β = 1.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.87 * 5.94 + 0 = 0.1384
WACC = (0.7586 / 1.08) * (100% - 0) * (1 - 0.21) + 0.1384 + 0 = 55.28
Terminal Value = Discount (2.72 * (1 + 0.051) / (55.28 - 0.051)) = 0.6313
Company Value = ∑ (2.72 / (1 + 55.28) ^ 5) = 3.81
Price = (Terminal Value + Company Value) / Count shares = (0.6313 + 3.81) / 39350000 = 112.93

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) = 1.74
FCF Yield = 0.0537
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 = 0.7586
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) = 2.75
β = 1.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.87 * 5.94 + 0 = 0.1384
WACC = (0.7586 / 1.08) * (100% - 0) * (1 - 0.21) + 0.1384 + 0 = 55.28
Terminal Value = Discount (1.74 * (1 + 0.0537) / (55.28 - 0.0537)) = 0.4078
Company Value = ∑ (1.74 / (1 + 55.28) ^ 5) = 2.43
Price = (Terminal Value + Company Value) / Count shares = (0.4078 + 2.43) / 39350000 = 72.03