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 = 1612.7
CAGR EPS = 19.2%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 9097.93 + (9097.93 * 19.2% / 100) = 10845.15

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) = 62.71
Ebitda Yield = 0.0655
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 = 8.1
Debt = 96.65
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 96.65) = 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) = 2.89
β = 0.4933
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.4933 * 5.94 + 0 = 0.0582
WACC = (8.1 / 96.65) * (100% - 0) * (1 - 0.21) + 0.0582 + 0 = 6.62
Terminal Value = Discount (62.71 * (1 + 0.0655) / (6.62 - 0.0655)) = 65292.92
Company Value = ∑ (62.71 / (1 + 6.62) ^ 5) = 227.87
Price = (Terminal Value + Company Value) / Count shares = (65292.92 + 227.87) / 13210000 = 4959939.2

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) = 995.53
FCF Yield = -2.55
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 = 8.1
Debt = 96.65
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 96.65) = 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) = 2.89
β = 0.4933
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 0.4933 * 5.94 + 0 = 0.0582
WACC = (8.1 / 96.65) * (100% - 0) * (1 - 0.21) + 0.0582 + 0 = 6.62
Terminal Value = Discount (995.53 * (1 + -2.55) / (6.62 - -2.55)) = -427.5
Company Value = ∑ (995.53 / (1 + 6.62) ^ 5) = 494.41
Price = (Terminal Value + Company Value) / Count shares = (-427.5 + 494.41) / 13210000 = 5064.91