NSE: PFOCUS - Prime Focus 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 = -16.31
CAGR EPS = 25.98%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 113.2 + (113.2 * 25.98% / 100) = 142.61

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) = 4.13
Ebitda Yield = -0.0251
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 = 5.58
Debt = 48.59
Market Cap = 30.99
Weight Debt = Market Cap / (Market Cap + Debt) = 30.99 / (30.99 + 48.59) = 0.3894
Weight Cost Debt = 100% - 0.3894 = 0.6106
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) = 3
β = 2.29
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.29 * 5.94 + 0 = 0.1663
WACC = (5.58 / 48.59) * (100% - 0.3894) * (1 - 0.21) + 0.1663 + 0.3894 = 9.1
Terminal Value = Discount (4.13 * (1 + -0.0251) / (9.1 - -0.0251)) = 22.46
Company Value = ∑ (4.13 / (1 + 9.1) ^ 5) = 16.96
Price = (Terminal Value + Company Value) / Count shares = (22.46 + 16.96) / 248030000 = 158.96

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) = 0.2317
FCF Yield = -1.59
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 = 5.58
Debt = 48.59
Market Cap = 30.99
Weight Debt = Market Cap / (Market Cap + Debt) = 30.99 / (30.99 + 48.59) = 0.3894
Weight Cost Debt = 100% - 0.3894 = 0.6106
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) = 3
β = 2.29
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.29 * 5.94 + 0 = 0.1663
WACC = (5.58 / 48.59) * (100% - 0.3894) * (1 - 0.21) + 0.1663 + 0.3894 = 9.1
Terminal Value = Discount (0.2317 * (1 + -1.59) / (9.1 - -1.59)) = -0.0523
Company Value = ∑ (0.2317 / (1 + 9.1) ^ 5) = 1.23
Price = (Terminal Value + Company Value) / Count shares = (-0.0523 + 1.23) / 248030000 = 4.75