SUMMARY OUTPUT

T
IC
D
EP

Regression Statistics
Multiple R
1
R Square
1
Adjusted R Square
-9.3E-10
Standard Error
0
Observations
5
ANOVA
df
Regression
8
Residual
4.29E+09
Total
4.29E+09

SS
MS
0.0786 0.009825
0
0
0.0786

F
Significance F
#NUM!
#NUM!

Coefficients
Standard Error t Stat
P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.938668
0
65535 #NUM! 0.938668 0.938668 0.938668 0.938668
Sales (cr)
-0.00019
0
65535 #NUM!
-0.00019 -0.00019 -0.00019 -0.00019
EBIT (cr)
-0.00022
0
65535 #NUM!
-0.00022 -0.00022 -0.00022 -0.00022
PAT (cr)
0
0
65535 #NUM!
0
0
0
0
DOL
0
0
65535 #NUM!
0
0
0
0
DFL
0
0
65535 #NUM!
0
0
0
0
Interest cov
0
0
65535 #NUM!
0
0
0
0
Cash Cov
-0.00148
0
65535 #NUM!
-0.00148 -0.00148 -0.00148 -0.00148
Tax (cr)
0.001716
0
65535 #NUM! 0.001716 0.001716 0.001716 0.001716

RESIDUAL OUTPUT
Observation
Predicted D/EResiduals
1 0.095222 4.16E-17
2 0.121751 9.71E-17
3 0.096076
0
4 0.075434 1.39E-17
5 0.408405 -5.6E-17

Upper 95.0%

Sales (cr) Line Fit Plot

D/E

0.6
0.4
D/E

0.2

Predicted D/E

0
4543.8 4239.8 3449.7 4045.32 2104.57
Sales (cr)

D/E = 0.938668 - 0.00019Sales - 0.00022EBIT - 0.00148CashCoverage + 0.001716Tax

WACC
Sales (cr)
EBIT (cr)
PAT (cr)
DOL
DFL
Interest cov
Cash Cov
Tax (cr)

3.55
4543.8
1323.2
846.1
5.47
1.27
82.70
92.38
256.5

6.05
4239.8
950.6
560.9
1.09
0.67
34.69
48.57
153.8

4.37
3449.7
760.9
475.3
3.46
1.18
51.76
88.40
62.1

9.31
4045.32
1551.31
1176.86
3.12
0.55
29.86
39.76
173

1.65
D/E
Sales (cr) EBIT (cr)
2104.57 0.095222
4543.8
1323.2
399.71 0.121751
4239.8
950.6
211.12 0.096076
3449.7
760.9
0.075434 4045.32 1551.31
0.408405 2104.57
399.71
16.24
46.39
13.83

PAT (cr)
846.1
560.9
475.3
1176.86
211.12

DOL
5.466594
1.088527
3.460489
3.124283
0

DFL
1.265742
0.672384
1.182121
0.551696
0

Interest cov
82.7
34.69343066
51.76190476
29.85585065
16.23517465

Cash Cov Tax (cr)

92.38125
256.5
48.57299
153.8
88.40136
62.1
39.75866
173
46.38587
13.83

SUMMARY OUTPUT

T
IC
D
EP

Regression Statistics
Multiple R
1
R Square
1
Adjusted R Square
65535
Standard Error
0
Observations
5
ANOVA
df
Regression
Residual
Total

SS
MS
8 0.207891 0.025986
0
0
65535
8 0.207891

F
Significance F
#NUM!
#NUM!

Coefficients
Standard Error t Stat
P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept 3.428044
0
65535 #NUM! 3.428044 3.428044 3.428044 3.428044
Sales (cr)
-0.00399
0
65535 #NUM!
-0.00399 -0.00399 -0.00399 -0.00399
EBIT (cr)
0.016478
0
65535 #NUM! 0.016478 0.016478 0.016478 0.016478
PAT (cr)
-0.00959
0
65535 #NUM!
-0.00959 -0.00959 -0.00959 -0.00959
DOL
0
0
65535 #NUM!
0
0
0
0
DFL
0
0
65535 #NUM!
0
0
0
0
Interest cov
0
0
65535 #NUM!
0
0
0
0
Cash Cov
0
0
65535 #NUM!
0
0
0
0
Tax (cr)
0.004719
0
65535 #NUM! 0.004719 0.004719 0.004719 0.004719

RESIDUAL OUTPUT
Observation
Predicted D/EResiduals
1 0.440455 -2.6E-15
2 0.821567 -2.1E-15
3 0.496119 -2.2E-15
4 0.37222 -1.4E-15
5 0.199338 -1.2E-15

Upper 95.0%

Sales (cr) Line Fit Plot

D/E

1
0.5

D/E
Predicted D/E

0
2708.58 2383.94 1997.42 1703.28 1504.02
Sales (cr)

D/E = 3.428044 - 0.00399Sales + 0.016478EBIT - 0.00959PAT + 0.004719Tax

WACC
Sales (cr)
EBIT (cr)
PAT (cr)
DOL
DFL
Interest cov
Cash Cov
Tax (cr)

6.21

6.83

4.88

3.60

3.33

2708.58
725.84
443.22
1.86
2.48
4.64
3.27
26.16

2383.94
578.98
275.32
1.13
-0.40
3.20
2.36
3.58

1997.42
475.23
301.48
2.48
1.46
6.59
5.04
22.91

1703.28
332.68
188.28
1.82
0.44
8.35
7.64
15.29

1504.02
268.04
170.35

10.22
8.68
-0.75

D/E
Sales (cr)
0.440455 2708.58
0.821567 2383.94
0.496119 1997.42
0.37222 1703.28
0.199338 1504.02

EBIT (cr) PAT (cr)

725.84
443.22
578.98
275.32
475.23
301.48
332.68
188.28
268.04
170.35

DOL
1.862659
1.128189
2.481261
1.820268
0

DFL
2.483772
-0.39626
1.464877
0.437642
0

Interest covCash Cov Tax (cr)

4.642108 3.274495
26.16
3.204273 2.360728
3.58
6.592176 5.036343
22.91
8.350402 7.642068
15.29
10.22273 8.677346
-0.75

SUMMARY OUTPUT

T
IC
D
EP

Regression Statistics
Multiple R
1
R Square
1
Adjusted R Square
65535
Standard Error
0
Observations
5
ANOVA
df
Regression
Residual
Total

8
0
8

SS
MS
0.0719 0.008988
0
65535
0.0719

F
Significance F
#NUM!
#NUM!

Coefficients
Standard Error t Stat
P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.342474
0
65535 #NUM! 0.342474 0.342474 0.342474 0.342474
Sales (cr)
-0.00095
0
65535 #NUM!
-0.00095 -0.00095 -0.00095 -0.00095
EBIT (cr)
0.013071
0
65535 #NUM! 0.013071 0.013071 0.013071 0.013071
PAT (cr)
-0.013
0
65535 #NUM!
-0.013
-0.013
-0.013
-0.013
DOL
-0.03699
0
65535 #NUM!
-0.03699 -0.03699 -0.03699 -0.03699
DFL
0
0
65535 #NUM!
0
0
0
0
Interest cov
0
0
65535 #NUM!
0
0
0
0
Cash Cov
0
0
65535 #NUM!
0
0
0
0
Tax (cr)
0
0
65535 #NUM!
0
0
0
0

RESIDUAL OUTPUT
Observation
Predicted D/EResiduals
1 0.366254 -1.8E-15
2 0.66499 -1.3E-15
3 0.701177 -1.7E-15
4 0.507424
-1E-15
5 0.588347 -1.2E-15

Upper 95.0%

D/E

Sales (cr) Line Fit Plot

0.8
0.6
0.4
0.2
0

D/E
Predicted D/E
1854.9 1737.4 1719.1 1501.4 1308.2
Sales (cr)

D/E = 0.342474 - 0.00095Sales + 0.013071EBIT - 0.013PAT - 0.03699DOL

WACC
Sales (cr)
EBIT (cr)
PAT (cr)
DOL
DFL
Interest cov
Cash Cov
Tax (cr)

4.35

6.71

5.64

4.43

3.76

1854.9
653.4
503.3
5.90
2.32
15.16
14.26
28

1737.4
467
265.9
18.37
0.19
5.31
6.00
20

1719.1
390.6
236.2
1.30
0.82
8.98
10.50
21.7

1501.4
328.5
204.7
1.24
-2.10
10.99
12.74
20

1308.2
277.6
164.9

10.21
11.43
13.9

D/E
Sales (cr)
0.366254
1854.9
0.66499
1737.4
0.701177
1719.1
0.507424
1501.4
0.588347
1308.2

EBIT (cr) PAT (cr) DOL

DFL
Interest covCash Cov Tax (cr)
653.4
503.3 5.901888 2.319336 15.16009 14.25754
28
467
265.9 18.37432 0.192713 5.306818 6.001136
20
390.6
236.2 1.30375 0.819555 8.97931 10.50345
21.7
328.5
204.7 1.241553 -2.10126 10.98662 12.73913
20
277.6
164.9
0
0 10.20588 11.43382
13.9

SUMMARY OUTPUT

T
IC
D
EP

Regression Statistics
Multiple R
1
R Square
1
Adjusted R Square
-9.3E-10
Standard Error
0
Observations
5
ANOVA
df
SS
Regression
8 0.044003
Residual
4.29E+09
0
Total
4.29E+09 0.044003

MS
0.0055
0

F
Significance F
#NUM!
#NUM!

Coefficients
Standard Error t Stat
P-value Lower 95% Upper 95%Lower 95.0%
Upper 95.0%
Intercept 0.630797
0
65535 #NUM! 0.630797 0.630797 0.630797 0.630797
Sales (cr)
-0.00011
0
65535 #NUM!
-0.00011 -0.00011 -0.00011 -0.00011
EBIT (cr)
0.000351
0
65535 #NUM! 0.000351 0.000351 0.000351 0.000351
PAT (cr)
0
0
65535 #NUM!
0
0
0
0
DOL
0
0
65535 #NUM!
0
0
0
0
DFL
0
0
65535 #NUM!
0
0
0
0
Interest cov -0.00412
0
65535 #NUM!
-0.00412 -0.00412 -0.00412 -0.00412
Cash Cov
0
0
65535 #NUM!
0
0
0
0
Tax (cr)
-0.00143
0
65535 #NUM!
-0.00143 -0.00143 -0.00143 -0.00143

RESIDUAL OUTPUT
Observation
Predicted D/EResiduals
1 0.000857 1.07E-16
2 0.21611 -5.6E-17
3 0.143897
0
4 0.03818 -4.9E-17
5 0.236433
0

Upper 95.0%

Sales (cr) Line Fit Plot

D/E

0.3
0.2
D/E

0.1

Predicted D/E

0
5411.68 5021.64 4088.56 3533.17 3019.68
Sales (cr)

D/E = 0.630797 - 0.00011Sales + 0.000351EBIT - 0.00412InterestCoverage - 0.00143Tax

WACC
Sales (cr)
EBIT (cr)
PAT (cr)
DOL
DFL
Interest cov
Cash Cov
Tax (cr)

4.65

4.72

4.37

4.26

3.26

5411.68
1518.54
1081.49
4.81
0.97
53.66
33.40
228.5

5021.64
1105.33
776.81
0.60
0.82
21.16
14.43
101

4088.56
972.13
701.43
0.34
0.97
55.52
35.39
94

3533.17
922.51
668.03
0.85
-4.00
82.66
48.67
121.75

3019.68
806.09
607.64

50.16
22.06
89

D/E
Sales (cr)
0.000857 5411.68
0.21611 5021.64
0.143897 4088.56
0.03818 3533.17
0.236433 3019.68

EBIT (cr) PAT (cr)

1518.54 1081.49
1105.33
776.81
972.13
701.43
922.51
668.03
806.09
607.64

DOL
DFL
4.812994 0.967429
0.600387 0.81559
0.342178 0.969011
0.849323
-4.0006
0
0

Interest cov
53.65865724
21.16274172
55.51856082
82.66218638
50.16116988

Cash Cov Tax (cr)

33.39611
228.5
14.43232
101
35.39178
94
48.66756
121.75
22.06223
89