NSE: CINELINE - Cineline India 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 = -1.4
CAGR EPS = -187.47%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -187.47% / 100) = 14.1

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) = 1.24
Ebitda Yield = 0.1259
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 = 0.4057
Debt = 3.5
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 3.5) = 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 = 2.9
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.9 * 5.94 + 0 = 0.2007
WACC = (0.4057 / 3.5) * (100% - 0) * (1 - 0.21) + 0.2007 + 0 = 9.17
Terminal Value = Discount (1.24 * (1 + 0.1259) / (9.17 - 0.1259)) = 26.31
Company Value = ∑ (1.24 / (1 + 9.17) ^ 5) = 3.76
Price = (Terminal Value + Company Value) / Count shares = (26.31 + 3.76) / 32509999 = 924.86

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) = 0.2701
FCF Yield = 0.0215
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 = 0.4057
Debt = 3.5
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 3.5) = 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 = 2.9
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.9 * 5.94 + 0 = 0.2007
WACC = (0.4057 / 3.5) * (100% - 0) * (1 - 0.21) + 0.2007 + 0 = 9.17
Terminal Value = Discount (0.2701 * (1 + 0.0215) / (9.17 - 0.0215)) = 2.53
Company Value = ∑ (0.2701 / (1 + 9.17) ^ 5) = 0.9993
Price = (Terminal Value + Company Value) / Count shares = (2.53 + 0.9993) / 32509999 = 108.67