OTC: TNHDF - Times Neighborhood 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 = -0.2043
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.02 + (0.02 * 8.66% / 100) = 0.0217

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
Ebitda Yield = 0.3886
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 = 0.000494
Debt = 0.0086
Market Cap = 0.0692
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0692 / (0.0692 + 0.0086) = 0.8895
Weight Cost Debt = 100% - 0.8895 = 0.1105
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 = (0.000494 / 0.0086) * (100% - 0.8895) * (1 - 0.21) + 0.0282 + 0.8895 = 4.52
Terminal Value = Discount (1 * (1 + 0.3886) / (4.52 - 0.3886)) = 3.25
Company Value = ∑ (1 / (1 + 4.52) ^ 5) = 2.46
Price = (Terminal Value + Company Value) / Count shares = (3.25 + 2.46) / 982320000 = 5.82

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) = 0.2996
FCF Yield = 0.1942
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 = 0.000494
Debt = 0.0086
Market Cap = 0.0692
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0692 / (0.0692 + 0.0086) = 0.8895
Weight Cost Debt = 100% - 0.8895 = 0.1105
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 = (0.000494 / 0.0086) * (100% - 0.8895) * (1 - 0.21) + 0.0282 + 0.8895 = 4.52
Terminal Value = Discount (0.2996 * (1 + 0.1942) / (4.52 - 0.1942)) = 1.93
Company Value = ∑ (0.2996 / (1 + 4.52) ^ 5) = 0.9362
Price = (Terminal Value + Company Value) / Count shares = (1.93 + 0.9362) / 982320000 = 2.91