NSE: NSLNISP - NMDC Steel 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 = -2.88
CAGR EPS = 795.54%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 47.27 + (47.27 * 795.54% / 100) = 423.32

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) = -131997.09
Ebitda Yield = 6.13
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 = 1.79
Debt = 36.1
Market Cap = 131.76
Weight Debt = Market Cap / (Market Cap + Debt) = 131.76 / (131.76 + 36.1) = 0.7849
Weight Cost Debt = 100% - 0.7849 = 0.2151
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 = 3.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 3.41 * 5.94 + 0 = 0.2301
WACC = (1.79 / 36.1) * (100% - 0.7849) * (1 - 0.21) + 0.2301 + 0.7849 = 4.07
Terminal Value = Discount (-131997.09 * (1 + 6.13) / (4.07 - 6.13)) = -126610.34
Company Value = ∑ (-131997.09 / (1 + 4.07) ^ 5) = -126601.98
Price = (Terminal Value + Company Value) / Count shares = (-126610.34 + -126601.98) / 2930610000 = -86402.6

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) = -1535245.82
FCF Yield = 8.69
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 = 1.79
Debt = 36.1
Market Cap = 131.76
Weight Debt = Market Cap / (Market Cap + Debt) = 131.76 / (131.76 + 36.1) = 0.7849
Weight Cost Debt = 100% - 0.7849 = 0.2151
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 = 3.41
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 3.41 * 5.94 + 0 = 0.2301
WACC = (1.79 / 36.1) * (100% - 0.7849) * (1 - 0.21) + 0.2301 + 0.7849 = 4.07
Terminal Value = Discount (-1535245.82 * (1 + 8.69) / (4.07 - 8.69)) = -1409133.72
Company Value = ∑ (-1535245.82 / (1 + 4.07) ^ 5) = -1409113.59
Price = (Terminal Value + Company Value) / Count shares = (-1409133.72 + -1409113.59) / 2930610000 = -961658.94