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 = 0.0458
Excess Key Rate = 2
Price = 1231.5 + (1231.5 * 37.37% / 100) = 1691.69

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) = 19.16
Ebitda Yield = 0.1835
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 = 33.13
Market Cap = 84.01
Weight Debt = Market Cap / (Market Cap + Debt) = 84.01 / (84.01 + 33.13) = 0.7172
Weight Cost Debt = 100% - 0.7172 = 0.2828
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 = 1.05
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.05 * 5.94 + 0 = 0.09
WACC = (0.236 / 33.13) * (100% - 0.7172) * (1 - 0.21) + 0.09 + 0.7172 = 0.6233
Terminal Value = Discount (19.16 * (1 + 0.1835) / (0.6233 - 0.1835)) = 124.04
Company Value = ∑ (19.16 / (1 + 0.6233) ^ 5) = 68.92
Price = (Terminal Value + Company Value) / Count shares = (124.04 + 68.92) / 36560000 = 5277.97

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) = 80.36
FCF Yield = 0.7623
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 = 33.13
Market Cap = 84.01
Weight Debt = Market Cap / (Market Cap + Debt) = 84.01 / (84.01 + 33.13) = 0.7172
Weight Cost Debt = 100% - 0.7172 = 0.2828
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 = 1.05
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.05 * 5.94 + 0 = 0.09
WACC = (0.236 / 33.13) * (100% - 0.7172) * (1 - 0.21) + 0.09 + 0.7172 = 0.6233
Terminal Value = Discount (80.36 * (1 + 0.7623) / (0.6233 - 0.7623)) = 181.57
Company Value = ∑ (80.36 / (1 + 0.6233) ^ 5) = 170.56
Price = (Terminal Value + Company Value) / Count shares = (181.57 + 170.56) / 36560000 = 9631.6