NSE: JSWISPL - JSW Ispat Special Products 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 = -8.52
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 38.9 + (38.9 * 8.66% / 100) = 42.27

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) = 2.37
Ebitda Yield = 0.1232
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 = 2.86
Debt = 31.61
Market Cap = 15.61
Weight Debt = Market Cap / (Market Cap + Debt) = 15.61 / (15.61 + 31.61) = 0.3306
Weight Cost Debt = 100% - 0.3306 = 0.6694
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (2.86 / 31.61) * (100% - 0.3306) * (1 - 0.21) + 0.0282 + 0.3306 = 7.13
Terminal Value = Discount (2.37 * (1 + 0.1232) / (7.13 - 0.1232)) = 36.37
Company Value = ∑ (2.37 / (1 + 7.13) ^ 5) = 7.67
Price = (Terminal Value + Company Value) / Count shares = (36.37 + 7.67) / 469610000 = 93.78

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) = -1.88
FCF Yield = -0.0318
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 = 2.86
Debt = 31.61
Market Cap = 15.61
Weight Debt = Market Cap / (Market Cap + Debt) = 15.61 / (15.61 + 31.61) = 0.3306
Weight Cost Debt = 100% - 0.3306 = 0.6694
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 = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (2.86 / 31.61) * (100% - 0.3306) * (1 - 0.21) + 0.0282 + 0.3306 = 7.13
Terminal Value = Discount (-1.88 * (1 + -0.0318) / (7.13 - -0.0318)) = -12.55
Company Value = ∑ (-1.88 / (1 + 7.13) ^ 5) = -8.26
Price = (Terminal Value + Company Value) / Count shares = (-12.55 + -8.26) / 469610000 = -44.31