Integrated DCF Valuation Model.xlsx - Integrated Financial Statements Company Name(000s INCOME STATEMENT Historical Historical Projected Projected

Integrated DCF Valuation Model.xlsx - Integrated Financial...

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Integrated Financial Statements Company Name (000s) Historical Historical Projected Projected Projected Projected Projected INCOME STATEMENT 2011 2012 2013 2014 2015 2016 2017 Revenue 74,452 83,492 91,841 101,025 111,128 122,241 134,465 Growth (%) NA 12.1% 10.0% 10.0% 10.0% 10.0% 10.0% Cost of Goods Sold 64,440 72,524 79,634 87,597 96,357 105,992 116,592 % of Sales 86.6% 86.9% 86.7% 86.7% 86.7% 86.7% 86.7% Gross Profit 10,012 10,968 12,208 13,428 14,771 16,248 17,873 % of Sales 13.4% 13.1% 13.3% 13.3% 13.3% 13.3% 13.3% Operating Expenses (SG&A) 6,389 6,545 7,540 8,294 9,124 10,036 11,040 % of Sales 8.6% 7.8% 8.2% 8.2% 8.2% 8.2% 8.2% Operating Income (EBIT) 3,623 4,423 4,667 5,134 5,647 6,212 6,833 Interest Expense 1,600 1,600 800 800 800 800 800 Pretax Income 2,023 2,823 3,867 4,334 4,847 5,412 6,033 Income Tax Expense 708 988 1,354 1,517 1,697 1,894 2,112 Tax Rate NM NM 35.0% 35.0% 35.0% 35.0% 35.0% Net Income 1,315 1,835 2,514 2,817 3,151 3,518 3,922 Operating Income (EBIT) 3,623 4,423 4,667 5,134 5,647 6,212 6,833 Depreciation 662 745 818 900 990 1,089 1,198 Amortization 0 0 0 0 0 0 0 EBITDA 4,285 5,168 5,485 6,034 6,637 7,301 8,031 BALANCE SHEET 2011 2012 2013 2014 2015 2016 2017 Current Assets Cash 6,773 7,000 8,739 10,622 12,768 15,210 17,987 Accounts Receivable 7,750 8,852 9,649 10,614 11,675 12,842 14,127 Inventory 4,800 5,700 6,095 6,705 7,375 8,113 8,924 Prepaid Expenses 456 1,849 1,849 1,849 1,849 1,849 1,849 Total Current Assets 19,779 23,401 26,331 29,789 33,667 38,014 42,886 Fixed Assets PP&E, Net of Accum. Depreciation 5,457 5,466 5,548 5,623 5,683 5,719 5,721 TOTAL ASSETS 25,236 28,867 31,879 35,412 39,350 43,733 48,607 Current Liabilities Accounts Payable 5,665 6,656 7,155 7,870 8,657 9,523 10,475 Line of Credit 0 0 0 0 0 0 0
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