NSE: CLEDUCATE - CL Educate 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 = 2.75
CAGR EPS = 18.05%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.75 * (1 + 18.05%) / (0.0433 * 2) = 37.48

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) = 0.3472
Ebitda Yield = -0.017
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 = 0.0246
Debt = 0.3202
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.3202) = 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) = 2.39
β = 2.21
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 2.21 * 5.94 + 0 = 0.1552
WACC = (0.0246 / 0.3202) * (100% - 0) * (1 - 0.21) + 0.1552 + 0 = 6.07
Terminal Value = Discount (0.3472 * (1 + -0.017) / (6.07 - -0.017)) = 3.27
Company Value = ∑ (0.3472 / (1 + 6.07) ^ 5) = 1.51
Price = (Terminal Value + Company Value) / Count shares = (3.27 + 1.51) / 54870000 = 87.25

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) = 0.0121
FCF Yield = -0.2018
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 = 0.0246
Debt = 0.3202
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 0.3202) = 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) = 2.39
β = 2.21
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 2.21 * 5.94 + 0 = 0.1552
WACC = (0.0246 / 0.3202) * (100% - 0) * (1 - 0.21) + 0.1552 + 0 = 6.07
Terminal Value = Discount (0.0121 * (1 + -0.2018) / (6.07 - -0.2018)) = 0.0274
Company Value = ∑ (0.0121 / (1 + 6.07) ^ 5) = 0.0863
Price = (Terminal Value + Company Value) / Count shares = (0.0274 + 0.0863) / 54870000 = 2.07