NSE: TV18BRDCST - TV18 Broadcast 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 = -0.28
CAGR EPS = -164.91%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0 + (0 * -164.91% / 100) = 1.98

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) = 0.2498
Ebitda Yield = -1.54
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 = 1.87
Debt = 62.14
Market Cap = 66
Weight Debt = Market Cap / (Market Cap + Debt) = 66 / (66 + 62.14) = 0.5151
Weight Cost Debt = 100% - 0.5151 = 0.4849
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 = 0.3971
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.3971 * 5.94 + 0 = 0.0511
WACC = (1.87 / 62.14) * (100% - 0.5151) * (1 - 0.21) + 0.0511 + 0.5151 = 2.39
Terminal Value = Discount (0.2498 * (1 + -1.54) / (2.39 - -1.54)) = -0.0764
Company Value = ∑ (0.2498 / (1 + 2.39) ^ 5) = 2
Price = (Terminal Value + Company Value) / Count shares = (-0.0764 + 2) / 1714360000 = 1.12

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) = 21566.49
FCF Yield = -4
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 = 1.87
Debt = 62.14
Market Cap = 66
Weight Debt = Market Cap / (Market Cap + Debt) = 66 / (66 + 62.14) = 0.5151
Weight Cost Debt = 100% - 0.5151 = 0.4849
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 = 0.3971
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.3971 * 5.94 + 0 = 0.0511
WACC = (1.87 / 62.14) * (100% - 0.5151) * (1 - 0.21) + 0.0511 + 0.5151 = 2.39
Terminal Value = Discount (21566.49 * (1 + -4) / (2.39 - -4)) = -14285.58
Company Value = ∑ (21566.49 / (1 + 2.39) ^ 5) = 14351.8
Price = (Terminal Value + Company Value) / Count shares = (-14285.58 + 14351.8) / 1714360000 = 38.62