fm3_chapter03_template

fm3_chapter03_template - Add back increase in CL Add back...

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CHAPTER 3 TEMPLATE--JUST TO SAVE YOU SOME TYPIN Sales growth Current assets/Sales Current liabilities/Sales Net fixed assets/Sales Costs of goods sold/Sales Depreciation rate Interest rate on debt Tax rate Dividend payout ratio Year 0 1 2 3 4 Income statement Sales Costs of goods sold Interest payments on debt Depreciation Profit before tax Taxes Profit after tax Dividends Retained earnings Balance sheet 0 1 2 3 4 Cash and marketable securities Current assets Fixed assets Fixed assets at cost Accumulated depreciation Net fixed assets Total assets Current liabilities Debt Stock Accumulated retained earnings Total liabilities and equity Year 0 1 2 3 4 Free Cash Flow PAT Add back depreciation Minus NWC Minus increase in CA
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Unformatted text preview: Add back increase in CL Add back net interest after taxes Subtract CAPEX Free Cash Flow A B C D E F 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 WACC Long-term FCF growth Year 1 2 3 4 FCF Terminal value Total Add back initial cash Asset value Subtract year 0 debt Imputed equity value Enterprise value: PV of FCFs and terminal value A B C D E F 53 54 55 56 57 58 59 60 61 62 63 64 65 66 G 5 5 5 G 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 5 G 53 54 55 56 57 58 59 60 61 62 63 64 65 66...
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fm3_chapter03_template - Add back increase in CL Add back...

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