TSE: 7409 - AeroEdge Co., Ltd.

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 = 31894.61
CAGR EPS = 253.48%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2436 + (2436 * 253.48% / 100) = 8610.84

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) = 2148.78
Ebitda Yield = 0.5381
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 = 7.51
Debt = 629.71
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 629.71) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 8.49
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 8.49 * 5.94 + 0 = 0.5332
WACC = (7.51 / 629.71) * (100% - 0) * (1 - 0.21) + 0.5332 + 0 = 0.9422
Terminal Value = Discount (2148.78 * (1 + 0.5381) / (0.9422 - 0.5381)) = 5965.2
Company Value = ∑ (2148.78 / (1 + 0.9422) ^ 5) = 5238.97
Price = (Terminal Value + Company Value) / Count shares = (5965.2 + 5238.97) / 3700000 = 3028155.38

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) = -7587.41
FCF Yield = 2.1
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 = 7.51
Debt = 629.71
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 629.71) = 0
Weight Cost Debt = 100% - 0 = 1
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 = 8.49
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.89 + 8.49 * 5.94 + 0 = 0.5332
WACC = (7.51 / 629.71) * (100% - 0) * (1 - 0.21) + 0.5332 + 0 = 0.9422
Terminal Value = Discount (-7587.41 * (1 + 2.1) / (0.9422 - 2.1)) = -10737.83
Company Value = ∑ (-7587.41 / (1 + 0.9422) ^ 5) = -10698.44
Price = (Terminal Value + Company Value) / Count shares = (-10737.83 + -10698.44) / 3700000 = -5793587.38