NSE: VARROC - Varroc Engineering 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 = 34.43
CAGR EPS = 184.14%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 573.78 + (573.78 * 184.14% / 100) = 1630.33

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) = 7.95
Ebitda Yield = -0.0101
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 = 1.94
Debt = 13.9
Market Cap = 49.78
Weight Debt = Market Cap / (Market Cap + Debt) = 49.78 / (49.78 + 13.9) = 0.7818
Weight Cost Debt = 100% - 0.7818 = 0.2182
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 = -1.37
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.37 * 5.94 + 0 = -0.0527
WACC = (1.94 / 13.9) * (100% - 0.7818) * (1 - 0.21) + -0.0527 + 0.7818 = 10.89
Terminal Value = Discount (7.95 * (1 + -0.0101) / (10.89 - -0.0101)) = 39.42
Company Value = ∑ (7.95 / (1 + 10.89) ^ 5) = 30.13
Price = (Terminal Value + Company Value) / Count shares = (39.42 + 30.13) / 152790000 = 455.19

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) = 32.65
FCF Yield = 0.5506
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 = 1.94
Debt = 13.9
Market Cap = 49.78
Weight Debt = Market Cap / (Market Cap + Debt) = 49.78 / (49.78 + 13.9) = 0.7818
Weight Cost Debt = 100% - 0.7818 = 0.2182
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 = -1.37
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -1.37 * 5.94 + 0 = -0.0527
WACC = (1.94 / 13.9) * (100% - 0.7818) * (1 - 0.21) + -0.0527 + 0.7818 = 10.89
Terminal Value = Discount (32.65 * (1 + 0.5506) / (10.89 - 0.5506)) = 68.35
Company Value = ∑ (32.65 / (1 + 10.89) ^ 5) = 55.56
Price = (Terminal Value + Company Value) / Count shares = (68.35 + 55.56) / 152790000 = 811.01