NSE: SWSOLAR - Sterling and Wilson Renewable Energy 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 = -10.4
CAGR EPS = -188.34%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -188.34% / 100) = 106.08

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) = 0.1643
Ebitda Yield = -0.2679
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 = 2.34
Debt = 5.16
Market Cap = 54.85
Weight Debt = Market Cap / (Market Cap + Debt) = 54.85 / (54.85 + 5.16) = 0.9141
Weight Cost Debt = 100% - 0.9141 = 0.0859
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 = 6.08
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 6.08 * 5.94 + 0 = 0.3912
WACC = (2.34 / 5.16) * (100% - 0.9141) * (1 - 0.21) + 0.3912 + 0.9141 = 35.84
Terminal Value = Discount (0.1643 * (1 + -0.2679) / (35.84 - -0.2679)) = 0.0415
Company Value = ∑ (0.1643 / (1 + 35.84) ^ 5) = 0.8713
Price = (Terminal Value + Company Value) / Count shares = (0.0415 + 0.8713) / 203770000 = 4.48

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) = 3.33
FCF Yield = 0.0034
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 = 2.34
Debt = 5.16
Market Cap = 54.85
Weight Debt = Market Cap / (Market Cap + Debt) = 54.85 / (54.85 + 5.16) = 0.9141
Weight Cost Debt = 100% - 0.9141 = 0.0859
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 = 6.08
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 6.08 * 5.94 + 0 = 0.3912
WACC = (2.34 / 5.16) * (100% - 0.9141) * (1 - 0.21) + 0.3912 + 0.9141 = 35.84
Terminal Value = Discount (3.33 * (1 + 0.0034) / (35.84 - 0.0034)) = 2.03
Company Value = ∑ (3.33 / (1 + 35.84) ^ 5) = 7.21
Price = (Terminal Value + Company Value) / Count shares = (2.03 + 7.21) / 203770000 = 45.36