TSE: 4777 - Gala Incorporated

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 = -0.0361
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 256 + (256 * 8.66% / 100) = 278.17

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) = -3.2E-5
Ebitda Yield = -0.5223
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 = 0.0202
Debt = 0.0033
Market Cap = 9.44
Weight Debt = Market Cap / (Market Cap + Debt) = 9.44 / (9.44 + 0.0033) = 0.9997
Weight Cost Debt = 100% - 0.9997 = 0.00029999999999997
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) = 2.89
β = -0.7688
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.7688 * 5.94 + 0 = -0.0168
WACC = (0.0202 / 0.0033) * (100% - 0.9997) * (1 - 0.21) + -0.0168 + 0.9997 = 478.72
Terminal Value = Discount (-3.2E-5 * (1 + -0.5223) / (478.72 - -0.5223)) = 0
Company Value = ∑ (-3.2E-5 / (1 + 478.72) ^ 5) = -0.000117
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.000117) / 25040000 = -0.0047

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) = -0.000189
FCF Yield = -0.4593
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 = 0.0202
Debt = 0.0033
Market Cap = 9.44
Weight Debt = Market Cap / (Market Cap + Debt) = 9.44 / (9.44 + 0.0033) = 0.9997
Weight Cost Debt = 100% - 0.9997 = 0.00029999999999997
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) = 2.89
β = -0.7688
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + -0.7688 * 5.94 + 0 = -0.0168
WACC = (0.0202 / 0.0033) * (100% - 0.9997) * (1 - 0.21) + -0.0168 + 0.9997 = 478.72
Terminal Value = Discount (-0.000189 * (1 + -0.4593) / (478.72 - -0.4593)) = 0
Company Value = ∑ (-0.000189 / (1 + 478.72) ^ 5) = -0.000423
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.000423) / 25040000 = -0.0169