TSE: 3182 - Oisix ra daichi 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 = 112.7
CAGR EPS = 37.37%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 1382.5 + (1382.5 * 37.37% / 100) = 1899.12

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) = 28.76
Ebitda Yield = 0.228
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 = 0.236
Debt = 51.73
Market Cap = 84.01
Weight Debt = Market Cap / (Market Cap + Debt) = 84.01 / (84.01 + 51.73) = 0.6189
Weight Cost Debt = 100% - 0.6189 = 0.3811
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 = 0.8307
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.8307 * 5.94 + 0 = 0.0793
WACC = (0.236 / 51.73) * (100% - 0.6189) * (1 - 0.21) + 0.0793 + 0.6189 = 0.4073
Terminal Value = Discount (28.76 * (1 + 0.228) / (0.4073 - 0.228)) = 154.56
Company Value = ∑ (28.76 / (1 + 0.4073) ^ 5) = 98.07
Price = (Terminal Value + Company Value) / Count shares = (154.56 + 98.07) / 36560000 = 6910

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) = 87.09
FCF Yield = 0.7752
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 = 0.236
Debt = 51.73
Market Cap = 84.01
Weight Debt = Market Cap / (Market Cap + Debt) = 84.01 / (84.01 + 51.73) = 0.6189
Weight Cost Debt = 100% - 0.6189 = 0.3811
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 = 0.8307
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 0.8307 * 5.94 + 0 = 0.0793
WACC = (0.236 / 51.73) * (100% - 0.6189) * (1 - 0.21) + 0.0793 + 0.6189 = 0.4073
Terminal Value = Discount (87.09 * (1 + 0.7752) / (0.4073 - 0.7752)) = 196.46
Company Value = ∑ (87.09 / (1 + 0.4073) ^ 5) = 185.09
Price = (Terminal Value + Company Value) / Count shares = (196.46 + 185.09) / 36560000 = 10436.31