OTC: GRPFF - Grupo Televisa, S.A.B.

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 = -0.0298
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.475 + (0.475 * 8.66% / 100) = 0.5161

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) = 14.75
Ebitda Yield = -0.085
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 = 7.65
Debt = 89.82
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 89.82) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 0.9069
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.9069 * 5.94 + 0 = 0.0839
WACC = (7.65 / 89.82) * (100% - 0) * (1 - 0.21) + 0.0839 + 0 = 6.73
Terminal Value = Discount (14.75 * (1 + -0.085) / (6.73 - -0.085)) = 63.94
Company Value = ∑ (14.75 / (1 + 6.73) ^ 5) = 74.16
Price = (Terminal Value + Company Value) / Count shares = (63.94 + 74.16) / 282236410000 = 0.4893

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) = 0.0113
FCF Yield = -1.38
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 = 7.65
Debt = 89.82
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 89.82) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 0.9069
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.9069 * 5.94 + 0 = 0.0839
WACC = (7.65 / 89.82) * (100% - 0) * (1 - 0.21) + 0.0839 + 0 = 6.73
Terminal Value = Discount (0.0113 * (1 + -1.38) / (6.73 - -1.38)) = -0.0022
Company Value = ∑ (0.0113 / (1 + 6.73) ^ 5) = 0.3655
Price = (Terminal Value + Company Value) / Count shares = (-0.0022 + 0.3655) / 282236410000 = 0.0013