OTC: SNFRF - Sinofert Holdings 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 = 0.0891
CAGR EPS = 48.1%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.1253 + (0.1253 * 48.1% / 100) = 0.1855

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) = 1.6
Ebitda Yield = 0.0317
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 = 0.0696
Debt = 1.81
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.81) = 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) = 2.39
β = -1.91
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -1.91 * 5.94 + 0 = -0.0897
WACC = (0.0696 / 1.81) * (100% - 0) * (1 - 0.21) + -0.0897 + 0 = 3.03
Terminal Value = Discount (1.6 * (1 + 0.0317) / (3.03 - 0.0317)) = 1034.16
Company Value = ∑ (1.6 / (1 + 3.03) ^ 5) = 6.85
Price = (Terminal Value + Company Value) / Count shares = (1034.16 + 6.85) / 7024460000 = 148.2

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) = 5.2
FCF Yield = 0.2295
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 = 0.0696
Debt = 1.81
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 1.81) = 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) = 2.39
β = -1.91
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + -1.91 * 5.94 + 0 = -0.0897
WACC = (0.0696 / 1.81) * (100% - 0) * (1 - 0.21) + -0.0897 + 0 = 3.03
Terminal Value = Discount (5.2 * (1 + 0.2295) / (3.03 - 0.2295)) = 27.66
Company Value = ∑ (5.2 / (1 + 3.03) ^ 5) = 16.23
Price = (Terminal Value + Company Value) / Count shares = (27.66 + 16.23) / 7024460000 = 6.25