flexituf

cost of equity
dividend
market price
growth rate
next dividend
cost of equity

=(next dividend/current market price) + growth rate

2014
2013
1
1
225
220
0%
0%
1
1
0.44%
0.45%

cost of retained earning

= same as of equity

cost of debt

=rd*(1-tax rate)
rd = interest/net proceeds
2014
56.35
449.05
12.55%
36%
8.00%

interest
np
rd
tax rate
cost of debt

2013
63.03
316.37
19.92%
20%
15.88%

wacc
equity
preference
reserves
debt

2014
24.88
0
335.05
449.05

2013
22.98
0
289.34
316.37

2012
21.73
0
244.23
237.39

total
weight(%)
%equity
%prerf
%reserve
%debt

808.98
2014
0.03075478
0
0.41416351
0.55508171

628.69
2013
0.0365521958
0
0.4602268208
0.5032209833

503.35
2012
0.0431707559
0
0.485209099
0.471620145

weight*cost
equity
pref
reseve
debt

2014
0.0137%
0.0000%
0.1841%
4.4431%

2013
0.0166%
0.0000%
0.2092%
7.9890%

2012
0.0183%
0.0000%
0.2056%
7.0510%

wacc

4.6408%

8.2148%

7.2749%

+ growth rate
2012
1
236
0%
1
0.42%

2011
1

2010
1

0%
1
#DIV/0!

0%
1
#DIV/0!

2012
46.33
237.39
19.52%
23%
14.95%

2011
25.61
289.14
8.86%
14%
7.63%

2010
20.29
268.41
7.56%
43%
4.29%

2011
17.21
0
146.56
289.14

2010
11.52
0
65.76
268.41

452.91
345.69
2011
2010
0.0379987194 0.0333247
0
0
0.3235962995 0.1902282
0.6384049811 0.7764471
2011
#DIV/0!
0.0000%
#DIV/0!
4.8708%

2010
#DIV/0!
0.0000%
#DIV/0!
3.3299%

#DIV/0!

#DIV/0!