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Over Valued

Published
07 Apr 24
Views
7
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Slade's Fair Value
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1Y
-8.5%
7D
1.1%

Author's Valuation

₹422434.4% overvalued intrinsic discount

Slade's Fair Value

Growth

Market Growth rate for next year

* 8.00%

* Keeping it low as growth has been high in last 2 years making the base number big

Compounded annual market growth rate year 2-5

* 12.00%

* Driven by improved domestic market share, new plant, acrylic business & growth in industry

Margin

Pre-tax operating margin for next year

* 12.00%

* Setting margin to company's 10-year average

Pre-tax operating margin (Target)

* 10.14%

* Setting it to the industry average. Number also aligns with the company staying competitive in the market

Reinvestment

Sales to Capital ratio (Current)

* 2.2

Sales to Capital ratio (Target)

* 1.84

* Industry average is 1.84 & Company's 10 years average is 1.56. With time company should reach to industry average

Discount Rate (Cost of Capital)

* 11.67%

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