NSE: BCG - Brightcom Group 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 = 3.41
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 14.95 + (14.95 * 8.66% / 100) = 16.24

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) = 17.15
Ebitda Yield = 0.0671
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 = 0.003
Debt = 0
Market Cap = 63.91
Weight Debt = Market Cap / (Market Cap + Debt) = 63.91 / (63.91 + 0) = 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 = -2.91
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.91 * 5.94 + 0 = -0.143
WACC = (0.003 / 0) * (100% - 0) * (1 - 0.21) + -0.143 + 0 = 0
Terminal Value = Discount (17.15 * (1 + 0.0671) / (0 - 0.0671)) = 272.68
Company Value = ∑ (17.15 / (1 + 0) ^ 5) = 75.61
Price = (Terminal Value + Company Value) / Count shares = (272.68 + 75.61) / 2016200000 = 172.75

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) = -3.86
FCF Yield = 0.0691
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 = 0.003
Debt = 0
Market Cap = 63.91
Weight Debt = Market Cap / (Market Cap + Debt) = 63.91 / (63.91 + 0) = 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 = -2.91
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + -2.91 * 5.94 + 0 = -0.143
WACC = (0.003 / 0) * (100% - 0) * (1 - 0.21) + -0.143 + 0 = 0
Terminal Value = Discount (-3.86 * (1 + 0.0691) / (0 - 0.0691)) = -59.76
Company Value = ∑ (-3.86 / (1 + 0) ^ 5) = -16.98
Price = (Terminal Value + Company Value) / Count shares = (-59.76 + -16.98) / 2016200000 = -38.06