NSE: PTCIL - PTC 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 = 2639.78
CAGR EPS = 31.55%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 9347.3 + (9347.3 * 31.55% / 100) = 12296.52

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) = 153.71
Ebitda Yield = 0.1551
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 = 13.26
Debt = 158.21
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 158.21) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 2.95
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.95 * 5.94 + 0 = 0.2051
WACC = (13.26 / 158.21) * (100% - 0) * (1 - 0.21) + 0.2051 + 0 = 6.62
Terminal Value = Discount (153.71 * (1 + 0.1551) / (6.62 - 0.1551)) = 1449.73
Company Value = ∑ (153.71 / (1 + 6.62) ^ 5) = 478.28
Price = (Terminal Value + Company Value) / Count shares = (1449.73 + 478.28) / 13910000 = 138605.72

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) = 2833.15
FCF Yield = -2.73
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 = 13.26
Debt = 158.21
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 158.21) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 2.95
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 2.95 * 5.94 + 0 = 0.2051
WACC = (13.26 / 158.21) * (100% - 0) * (1 - 0.21) + 0.2051 + 0 = 6.62
Terminal Value = Discount (2833.15 * (1 + -2.73) / (6.62 - -2.73)) = -1270.93
Company Value = ∑ (2833.15 / (1 + 6.62) ^ 5) = 1385.33
Price = (Terminal Value + Company Value) / Count shares = (-1270.93 + 1385.33) / 13910000 = 8224.77