Average price: 5.4 Β₯
Price based on EPS: 7.96 Β₯ +10.19%
Price according to DDM model: 2.84 Β₯ -60.6%
Price based on EPS
Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
Key Rate = Key rate
Fair price = 7.96 Β₯
Current price = 7.22 Β₯ (difference = +10.19%)
Data
Dividend Discount Model
Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - Fair price
DPS β Current dividend
g β expected growth rate
Cost Of Equity β discount rate
Cost Of Equity = k(f) + Ξ² * Risk Premium + Country Premium (Damodaran table)
k(f) β risk-free rate of return
Ξ² (beta) β determines the measure of risk of a stock (asset) in relation to the market and shows the sensitivity of changes in the stock's profitability in relation to changes in market profitability. Beta can be calculated not only for an individual stock, but also for an investment portfolio.
Risk Premium β risk premium - premium for the risk of investing in shares
Country Premium - country risk
Fair price = 2.84 Β₯
Current price = 7.22 Β₯ (difference = -60.6%)
Data
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