NSE: DAAWAT - LT Foods 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 = 12.5
CAGR EPS = 25.85%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 12.5 * (1 + 25.85%) / (0.0458 * 2) = 171.73

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) = 13.29
Ebitda Yield = 0.1147
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 = 0.821
Debt = 12.21
Market Cap = 45.04
Weight Debt = Market Cap / (Market Cap + Debt) = 45.04 / (45.04 + 12.21) = 0.7867
Weight Cost Debt = 100% - 0.7867 = 0.2133
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 = 3.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 3.7 * 5.94 + 0 = 0.247
WACC = (0.821 / 12.21) * (100% - 0.7867) * (1 - 0.21) + 0.247 + 0.7867 = 5.46
Terminal Value = Discount (13.29 * (1 + 0.1147) / (5.46 - 0.1147)) = 188.94
Company Value = ∑ (13.29 / (1 + 5.46) ^ 5) = 45.72
Price = (Terminal Value + Company Value) / Count shares = (188.94 + 45.72) / 322120000 = 728.49

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 FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 5.76
FCF Yield = 0.4085
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 = 0.821
Debt = 12.21
Market Cap = 45.04
Weight Debt = Market Cap / (Market Cap + Debt) = 45.04 / (45.04 + 12.21) = 0.7867
Weight Cost Debt = 100% - 0.7867 = 0.2133
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 = 3.7
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 3.7 * 5.94 + 0 = 0.247
WACC = (0.821 / 12.21) * (100% - 0.7867) * (1 - 0.21) + 0.247 + 0.7867 = 5.46
Terminal Value = Discount (5.76 * (1 + 0.4085) / (5.46 - 0.4085)) = 17.59
Company Value = ∑ (5.76 / (1 + 5.46) ^ 5) = 13.45
Price = (Terminal Value + Company Value) / Count shares = (17.59 + 13.45) / 322120000 = 96.35