SSE: 603833 - Oppein Home Group Inc.

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 = 4.98
CAGR EPS = 9.75%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 67.16 + (67.16 * 9.75% / 100) = 73.7

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) = 3.59
Ebitda Yield = 0.0304
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 = 0.1896
Debt = 7.56
Market Cap = 54.41
Weight Debt = Market Cap / (Market Cap + Debt) = 54.41 / (54.41 + 7.56) = 0.878
Weight Cost Debt = 100% - 0.878 = 0.122
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 = 0.1802
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.1802 * 5.94 + 0 = 0.0407
WACC = (0.1896 / 7.56) * (100% - 0.878) * (1 - 0.21) + 0.0407 + 0.878 = 2
Terminal Value = Discount (3.59 * (1 + 0.0304) / (2 - 0.0304)) = 320.81
Company Value = ∑ (3.59 / (1 + 2) ^ 5) = 15.93
Price = (Terminal Value + Company Value) / Count shares = (320.81 + 15.93) / 609150000 = 552.8

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) = 16.5
FCF Yield = 0.4283
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 = 0.1896
Debt = 7.56
Market Cap = 54.41
Weight Debt = Market Cap / (Market Cap + Debt) = 54.41 / (54.41 + 7.56) = 0.878
Weight Cost Debt = 100% - 0.878 = 0.122
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 = 0.1802
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.1802 * 5.94 + 0 = 0.0407
WACC = (0.1896 / 7.56) * (100% - 0.878) * (1 - 0.21) + 0.0407 + 0.878 = 2
Terminal Value = Discount (16.5 * (1 + 0.4283) / (2 - 0.4283)) = 52.27
Company Value = ∑ (16.5 / (1 + 2) ^ 5) = 42.56
Price = (Terminal Value + Company Value) / Count shares = (52.27 + 42.56) / 609150000 = 155.68