xc nh Ebit v LNST

NM
t sut li nhun
0.15
thu TNDN
0.34
U T
DOANH S
GI BN N V
VN LU NG
DOANH THU
tr BiN PH
tr DNH PH
tr khu hao
ebit
tr thu
LNST
xc nh dng tin hot ng
LNST
CNG KHU HAO
TNG/GiM VN LU NG
tr Thay i chi u t vn
DNG TiN t do
XC NH VN LU NG RNG
DOANH THU
NHU CU VN LU NG
thu hi VLD nm cui
VLD rng
xc nh cc ch s pht trin d n
DNG TiN t do
li sut 15%
NPV
38,064,020.26
PI
IRR
74%
MIRR
41%

21,200,000
100,000
500
500,000
50,000,000
26,000,000
300,000
4,240,000
0
0

500000
21,200,000
21,700,000

500,000
500,000
-21700000

12,843,600
4240000
4,500,000.00
12,583,600.00
50,000,000
5,000,000
4,500,000
12583600

130,000
500
6,500,000
65,000,000
33,800,000
300,000
4,240,000
26,660,000
9,064,400
17,595,600

160,000
500
8,000,000
80,000,000
41,600,000
300,000
4,240,000
33,860,000
11,512,400
22,347,600

100,000
500
5,000,000
50,000,000
26,000,000
300,000
4,240,000
19,460,000
6,616,400
12,843,600

60,000
380
2,280,000
22,800,000
15,600,000
300,000
4,240,000
2,660,000
904,400
1,755,600

17,595,600
4240000
1,500,000.00
20,335,600.00

22,347,600
12,843,600
1,755,600
4240000
4240000
4240000
1,500,000.00 - 3,000,000.00 - 5,000,000.00
25,087,600.00 20,083,600.00 10,995,600.00

65,000,000
6,500,000

80,000,000
8,000,000

50,000,000
5,000,000

1,500,000

1,500,000 -

3,000,000 -

22,800,000
2,280,000
2,280,000
5,000,000

20335600

25087600

20083600

10995600

BI TP TCDN CHIU 09/05/2013

xc nh ebit v li nhun sau thu
nm
ghi ch
My mc
sn lng
gi bn n v
doanh thu
sn lng*gi bn*1000
khu hao
chi ph khc
vn lu ng
Ga tr thu hi my mc
gi tr thanh l VLD
Ebit
doanh thu-khu hao-cost
thu 25%
LNST
EBIT-thu
xc nh Tng/gim VLD rng
doanh thu
sn lng*gi bn*1000
vn lu ng
doanh thu *10%
thu hi vn lu ng nm cui
VLD rng
xc nh dng tin hot ng
LNST
EBIT-thu
khu hao
VLD rng
FCFF
eat+khu hao+vld rng
xc nh cc ch s ti chnh
NPV
3,931,518
IRR
64%
MIRR
30%

0
1,200,000

500,000

50
70
3,500,000
120,000
2,450,000
350,000

70
70
4,900,000
120,000
3,430,000
490,000

75
70
5,250,000
120,000
3,675,000
525,000

930,000
232,500
697,500

1,350,000
337,500
1,012,500

1,455,000
363,750
1,091,250

3,500,000
350,000

4,900,000
490,000

5,250,000
525,000

500,000

150,000

140,000

35,000

1,700,000

697,500
120,000
150,000
967,500

1,012,500
120,000
140,000
992,500

1,091,250
120,000
35,000
1,176,250

500,000

Note: gi tr thanh l ti sn tnh vo ebit

gi tr VLD thanh l khng tnh vo ebit
nm cui thanh l vn lu ng th xem nh VLD nm cui=0.

n v tnh: 1000 ng
4

10

100
70
7,000,000
120,000
4,900,000
700,000

100
70
7,000,000
120,000
4,900,000
700,000

90
50
4,500,000
120,000
3,150,000
450,000

85
50
4,250,000
120,000
2,975,000
425,000

60
50
3,000,000
120,000
2,100,000
300,000

60
50
3,000,000
120,000
2,100,000
300,000

55
50
2,750,000
120,000
1,925,000
275,000
30,000
275,000
735,000
183,750
551,250

1,980,000
495,000
1,485,000

1,980,000
495,000
1,485,000

1,230,000
307,500
922,500

1,155,000
288,750
866,250

780,000
195,000
585,000

780,000
195,000
585,000

7,000,000
700,000

7,000,000
700,000

4,500,000
450,000

4,250,000
425,000

3,000,000
300,000

3,000,000
300,000

175,000

250,000

25,000

125,000

2,750,000
275,000
275,000
300,000

1,485,000
120,000
175,000
1,430,000

1,485,000
120,000
0
1,605,000

922,500
120,000
250,000
1,292,500

866,250
120,000
25,000
1,011,250

585,000
120,000
125,000
830,000

585,000
120,000
0
705,000

551,250
120,000
300,000
971,250