NSE: SHALPAINTS - Shalimar Paints 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 = -9.52
CAGR EPS = 6.25%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 160.14 + (160.14 * 6.25% / 100) = 170.15

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) = -0.5634
Ebitda Yield = 0.0412
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 = 0.1296
Debt = 1.06
Market Cap = 10.83
Weight Debt = Market Cap / (Market Cap + Debt) = 10.83 / (10.83 + 1.06) = 0.9109
Weight Cost Debt = 100% - 0.9109 = 0.0891
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 = 0.8905
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.8905 * 5.94 + 0 = 0.0804
WACC = (0.1296 / 1.06) * (100% - 0.9109) * (1 - 0.21) + 0.0804 + 0.9109 = 9.65
Terminal Value = Discount (-0.5634 * (1 + 0.0412) / (9.65 - 0.0412)) = -6.68
Company Value = ∑ (-0.5634 / (1 + 9.65) ^ 5) = -1.98
Price = (Terminal Value + Company Value) / Count shares = (-6.68 + -1.98) / 72220000 = -119.86

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) = -0.3761
FCF Yield = -0.0099
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 = 0.1296
Debt = 1.06
Market Cap = 10.83
Weight Debt = Market Cap / (Market Cap + Debt) = 10.83 / (10.83 + 1.06) = 0.9109
Weight Cost Debt = 100% - 0.9109 = 0.0891
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 = 0.8905
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.8905 * 5.94 + 0 = 0.0804
WACC = (0.1296 / 1.06) * (100% - 0.9109) * (1 - 0.21) + 0.0804 + 0.9109 = 9.65
Terminal Value = Discount (-0.3761 * (1 + -0.0099) / (9.65 - -0.0099)) = -2.21
Company Value = ∑ (-0.3761 / (1 + 9.65) ^ 5) = -1.47
Price = (Terminal Value + Company Value) / Count shares = (-2.21 + -1.47) / 72220000 = -50.91