TSE: 9984 - SoftBank Group Corp.

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 = -170.99
CAGR EPS = 9.16%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 7626.5 + (7626.5 * 9.16% / 100) = 8325.09

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) = 947
Ebitda Yield = -0.0714
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 = 556
Debt = 20717.33
Market Cap = 9520
Weight Debt = Market Cap / (Market Cap + Debt) = 9520 / (9520 + 20717.33) = 0.3148
Weight Cost Debt = 100% - 0.3148 = 0.6852
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 = -0.6154
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.6154 * 5.94 + 0 = -0.0091
WACC = (556 / 20717.33) * (100% - 0.3148) * (1 - 0.21) + -0.0091 + 0.3148 = 2.11
Terminal Value = Discount (947 * (1 + -0.0714) / (2.11 - -0.0714)) = 8564.63
Company Value = ∑ (947 / (1 + 2.11) ^ 5) = 5204.14
Price = (Terminal Value + Company Value) / Count shares = (8564.63 + 5204.14) / 1542470000 = 8926.44

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) = -172.15
FCF Yield = 0.0369
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 = 556
Debt = 20717.33
Market Cap = 9520
Weight Debt = Market Cap / (Market Cap + Debt) = 9520 / (9520 + 20717.33) = 0.3148
Weight Cost Debt = 100% - 0.3148 = 0.6852
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 = -0.6154
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -0.6154 * 5.94 + 0 = -0.0091
WACC = (556 / 20717.33) * (100% - 0.3148) * (1 - 0.21) + -0.0091 + 0.3148 = 2.11
Terminal Value = Discount (-172.15 * (1 + 0.0369) / (2.11 - 0.0369)) = -10200.99
Company Value = ∑ (-172.15 / (1 + 2.11) ^ 5) = -752.19
Price = (Terminal Value + Company Value) / Count shares = (-10200.99 + -752.19) / 1542470000 = -7101.07