NSE: CGPOWER - CG Power and Industrial Solutions 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 = 9.34
CAGR EPS = 17.83%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 9.34 * (1 + 17.83%) / (0.0433 * 2) = 127.01

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) = 214.73
Ebitda Yield = 0.7604
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 = 0.1671
Debt = 0.1756
Market Cap = 613.26
Weight Debt = Market Cap / (Market Cap + Debt) = 613.26 / (613.26 + 0.1756) = 0.9997
Weight Cost Debt = 100% - 0.9997 = 0.00029999999999997
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 = 2.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.55 * 5.94 + 0 = 0.1798
WACC = (0.1671 / 0.1756) * (100% - 0.9997) * (1 - 0.21) + 0.1798 + 0.9997 = 74.6
Terminal Value = Discount (214.73 * (1 + 0.7604) / (74.6 - 0.7604)) = 1618.44
Company Value = ∑ (214.73 / (1 + 74.6) ^ 5) = 65.09
Price = (Terminal Value + Company Value) / Count shares = (1618.44 + 65.09) / 1528600000 = 1101.36

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) = 0.5684
FCF Yield = -0.1897
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 = 0.1671
Debt = 0.1756
Market Cap = 613.26
Weight Debt = Market Cap / (Market Cap + Debt) = 613.26 / (613.26 + 0.1756) = 0.9997
Weight Cost Debt = 100% - 0.9997 = 0.00029999999999997
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 = 2.55
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.55 * 5.94 + 0 = 0.1798
WACC = (0.1671 / 0.1756) * (100% - 0.9997) * (1 - 0.21) + 0.1798 + 0.9997 = 74.6
Terminal Value = Discount (0.5684 * (1 + -0.1897) / (74.6 - -0.1897)) = 0.0303
Company Value = ∑ (0.5684 / (1 + 74.6) ^ 5) = 1.38
Price = (Terminal Value + Company Value) / Count shares = (0.0303 + 1.38) / 1528600000 = 0.9218