NYSE: DIDI - DiDi Global

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 = -1.43
CAGR EPS = 16.42%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.46 + (2.46 * 16.42% / 100) = 2.86

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 Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -139.58
Ebitda Yield = 0.2414
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 = 0.0386
Debt = 1.35
Market Cap = 10.89
Weight Debt = Market Cap / (Market Cap + Debt) = 10.89 / (10.89 + 1.35) = 0.8897
Weight Cost Debt = 100% - 0.8897 = 0.1103
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) = 2.82
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.0386 / 1.35) * (100% - 0.8897) * (1 - 0.21) + 0.0282 + 0.8897 = 2.26
Terminal Value = Discount (-139.58 * (1 + 0.2414) / (2.26 - 0.2414)) = -708.13
Company Value = ∑ (-139.58 / (1 + 2.26) ^ 5) = -439.52
Price = (Terminal Value + Company Value) / Count shares = (-708.13 + -439.52) / 4160000000 = -275.88

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) = -32.36
FCF Yield = 0.0729
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 = 0.0386
Debt = 1.35
Market Cap = 10.89
Weight Debt = Market Cap / (Market Cap + Debt) = 10.89 / (10.89 + 1.35) = 0.8897
Weight Cost Debt = 100% - 0.8897 = 0.1103
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) = 2.82
β = 0
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 0 * 5.94 + 0 = 0.0282
WACC = (0.0386 / 1.35) * (100% - 0.8897) * (1 - 0.21) + 0.0282 + 0.8897 = 2.26
Terminal Value = Discount (-32.36 * (1 + 0.0729) / (2.26 - 0.0729)) = -617.22
Company Value = ∑ (-32.36 / (1 + 2.26) ^ 5) = -131.72
Price = (Terminal Value + Company Value) / Count shares = (-617.22 + -131.72) / 4160000000 = -180.03