NSE: SATIN - Satin Creditcare Network 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 = 43.27
CAGR EPS = 8.77%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 193.27 + (193.27 * 8.77% / 100) = 210.22

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) = 15.46
Ebitda Yield = 0.2053
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 = 0.0623
Debt = 79.15
Market Cap = 15.17
Weight Debt = Market Cap / (Market Cap + Debt) = 15.17 / (15.17 + 79.15) = 0.1608
Weight Cost Debt = 100% - 0.1608 = 0.8392
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 = 0.2689
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.2689 * 5.94 + 0 = 0.046
WACC = (0.0623 / 79.15) * (100% - 0.1608) * (1 - 0.21) + 0.046 + 0.1608 = 0.0695
Terminal Value = Discount (15.46 * (1 + 0.2053) / (0.0695 - 0.2053)) = 90.79
Company Value = ∑ (15.46 / (1 + 0.0695) ^ 5) = 54.97
Price = (Terminal Value + Company Value) / Count shares = (90.79 + 54.97) / 100740000 = 1446.91

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) = -132.55
FCF Yield = 0.4481
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 = 0.0623
Debt = 79.15
Market Cap = 15.17
Weight Debt = Market Cap / (Market Cap + Debt) = 15.17 / (15.17 + 79.15) = 0.1608
Weight Cost Debt = 100% - 0.1608 = 0.8392
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 = 0.2689
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.2689 * 5.94 + 0 = 0.046
WACC = (0.0623 / 79.15) * (100% - 0.1608) * (1 - 0.21) + 0.046 + 0.1608 = 0.0695
Terminal Value = Discount (-132.55 * (1 + 0.4481) / (0.0695 - 0.4481)) = -427.58
Company Value = ∑ (-132.55 / (1 + 0.0695) ^ 5) = -360.19
Price = (Terminal Value + Company Value) / Count shares = (-427.58 + -360.19) / 100740000 = -7819.79