NSE: DHANI - Dhani Services 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 = -6.49
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 65.11 + (65.11 * 8.66% / 100) = 70.75

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0081
Ebitda Yield = -1.33
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 = 1.66
Debt = 6.97
Market Cap = 18.11
Weight Debt = Market Cap / (Market Cap + Debt) = 18.11 / (18.11 + 6.97) = 0.7222
Weight Cost Debt = 100% - 0.7222 = 0.2778
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 = -9.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -9.32 * 5.94 + 0 = -0.5259
WACC = (1.66 / 6.97) * (100% - 0.7222) * (1 - 0.21) + -0.5259 + 0.7222 = 18.32
Terminal Value = Discount (0.0081 * (1 + -1.33) / (18.32 - -1.33)) = -0.000768
Company Value = ∑ (0.0081 / (1 + 18.32) ^ 5) = 0.4238
Price = (Terminal Value + Company Value) / Count shares = (-0.000768 + 0.4238) / 577170000 = 0.7329

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) = 0.0017
FCF Yield = -1.23
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 = 1.66
Debt = 6.97
Market Cap = 18.11
Weight Debt = Market Cap / (Market Cap + Debt) = 18.11 / (18.11 + 6.97) = 0.7222
Weight Cost Debt = 100% - 0.7222 = 0.2778
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 = -9.32
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -9.32 * 5.94 + 0 = -0.5259
WACC = (1.66 / 6.97) * (100% - 0.7222) * (1 - 0.21) + -0.5259 + 0.7222 = 18.32
Terminal Value = Discount (0.0017 * (1 + -1.23) / (18.32 - -1.23)) = -0.000121
Company Value = ∑ (0.0017 / (1 + 18.32) ^ 5) = 0.4035
Price = (Terminal Value + Company Value) / Count shares = (-0.000121 + 0.4035) / 577170000 = 0.6988