NSE: KESORAMIND - Kesoram Industries 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 = -12.36
CAGR EPS = 1.82%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 88.78 + (88.78 * 1.82% / 100) = 90.39

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) = 4.19
Ebitda Yield = 0.042
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 = 4.79
Debt = 22.7
Market Cap = 20.22
Weight Debt = Market Cap / (Market Cap + Debt) = 20.22 / (20.22 + 22.7) = 0.4711
Weight Cost Debt = 100% - 0.4711 = 0.5289
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 = 2.68
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.68 * 5.94 + 0 = 0.1871
WACC = (4.79 / 22.7) * (100% - 0.4711) * (1 - 0.21) + 0.1871 + 0.4711 = 16.67
Terminal Value = Discount (4.19 * (1 + 0.042) / (16.67 - 0.042)) = 16.22
Company Value = ∑ (4.19 / (1 + 16.67) ^ 5) = 12.32
Price = (Terminal Value + Company Value) / Count shares = (16.22 + 12.32) / 310660000 = 91.86

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) = 0.2579
FCF Yield = -0.2539
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 = 4.79
Debt = 22.7
Market Cap = 20.22
Weight Debt = Market Cap / (Market Cap + Debt) = 20.22 / (20.22 + 22.7) = 0.4711
Weight Cost Debt = 100% - 0.4711 = 0.5289
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 = 2.68
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 2.68 * 5.94 + 0 = 0.1871
WACC = (4.79 / 22.7) * (100% - 0.4711) * (1 - 0.21) + 0.1871 + 0.4711 = 16.67
Terminal Value = Discount (0.2579 * (1 + -0.2539) / (16.67 - -0.2539)) = 0.2117
Company Value = ∑ (0.2579 / (1 + 16.67) ^ 5) = 1.77
Price = (Terminal Value + Company Value) / Count shares = (0.2117 + 1.77) / 310660000 = 6.37