OTC: REDFY - Rediff.com India 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 = -0.0128
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.0001 + (0.0001 * 8.66% / 100) = 0.000109

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) = -0.000395
Ebitda Yield = -0.0662
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 = 1.9E-5
Debt = 0.003
Market Cap = 0.0039
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0039 / (0.0039 + 0.003) = 0.5648
Weight Cost Debt = 100% - 0.5648 = 0.4352
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (1.9E-5 / 0.003) * (100% - 0.5648) * (1 - 0.21) + 0.0275 + 0.5648 = 0.5152
Terminal Value = Discount (-0.000395 * (1 + -0.0662) / (0.5152 - -0.0662)) = -0.005
Company Value = ∑ (-0.000395 / (1 + 0.5152) ^ 5) = -0.0022
Price = (Terminal Value + Company Value) / Count shares = (-0.005 + -0.0022) / 51830000 = -0.1404

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) = -0.000848
FCF Yield = 0.1067
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 = 1.9E-5
Debt = 0.003
Market Cap = 0.0039
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0039 / (0.0039 + 0.003) = 0.5648
Weight Cost Debt = 100% - 0.5648 = 0.4352
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
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0 * 5.94 + 0 = 0.0275
WACC = (1.9E-5 / 0.003) * (100% - 0.5648) * (1 - 0.21) + 0.0275 + 0.5648 = 0.5152
Terminal Value = Discount (-0.000848 * (1 + 0.1067) / (0.5152 - 0.1067)) = -0.009
Company Value = ∑ (-0.000848 / (1 + 0.5152) ^ 5) = -0.0034
Price = (Terminal Value + Company Value) / Count shares = (-0.009 + -0.0034) / 51830000 = -0.2401