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  • Frank Spence Valuation

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    Shivam Arya
    210 views2 pages
    This document provides financial data for Frank Spence from 1994 to 2000, including sales, costs of goods sold, gross profit, expenses, earnings before interest, taxes, depreciation and amortization (EBITDA), depreciation, earnings before interest and taxes (EBIT), taxes, net income, depreciation, working capital, investments in assets, and free cash flow. Over this period, the company experienced varying levels of sales growth and declines. Free cash flow fluctuated over time, reaching a high of $3048 thousand in 1995 and a low of $1383 thousand in 1999.

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    74752992-Frank-Spence-Valuation.xlsx

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    This document provides financial data for Frank Spence from 1994 to 2000, including sales, costs of goods sold, gross profit, expenses, earnings before interest, taxes, depreciation and amortization (EBITDA), depreciation, earnings before interest and taxes (EBIT), taxes, net income, depreciation, working capital, investments in assets, and free cash flow. Over this period, the company experienced varying levels of sales growth and declines. Free cash flow fluctuated over time, reaching a high of $3048 thousand in 1995 and a low of $1383 thousand in 1999.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    210 views2 pages

    Frank Spence Valuation

    Uploaded by

    Shivam Arya
    This document provides financial data for Frank Spence from 1994 to 2000, including sales, costs of goods sold, gross profit, expenses, earnings before interest, taxes, depreciation and amortization (EBITDA), depreciation, earnings before interest and taxes (EBIT), taxes, net income, depreciation, working capital, investments in assets, and free cash flow. Over this period, the company experienced varying levels of sales growth and declines. Free cash flow fluctuated over time, reaching a high of $3048 thousand in 1995 and a low of $1383 thousand in 1999.

    Copyright:

    © All Rights Reserved
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    of 2

    Frank Spence - FCF Analysis (in $ thousands)

    1994 95 96 97 98
    Sales 26932.00 1.00 29625.20 10% growth 30513.96 3% growth 29598.54 -10% growth 26638.68
    COGS 20614.00 0.77 22811.40 0.77 24106.03 0.79 23974.82 0.81 22110.11
    Gross Profit 6318.00 0.23 6813.80 0.23 6407.93 5623.72 4528.58

    SG & A 988.00 0.04 1185.01 0.04 1281.59 0.042 1302.34 0.04 1225.38
    Salary 340.00 0.01 385.13 0.01 396.68 0.013 443.98 0.02 399.58
    EBITDA 4990.00 0.19 5243.66 4729.66 3877.41 2903.62

    Depreciation 19.00 0.00 29.63 0.00 30.51 0.001 29.60 0.00 26.64
    EBIT 4971.00 0.18 5214.04 4699.15 3847.81 2876.98

    Other Incom -12.00 0.00 0.00 0.00 0.00 0 0.00 0.00 0.00
    Total Income 4959.00 0.18 5214.04 4699.15 3847.81 2876.98

    Taxes (@40%) 0.00 2085.61 1879.66 1539.12 1150.79


    4959.00 0.18 3128.42 2819.49 2308.69 1726.19
    Depreciation 19.00 0.00 29.63 30.51 29.60 26.64

    Working Cap 3412.00 0.13 100.00 50.00 -100.00 -100.00

    Inv in Assets 7.00 0.00 10.00 10.00 10.00 10.00

    FCF 1559 0.057886529 3048.04632 0.10288694 2790.00349 0.09143369 2428.28445 0.08204069 1842.82538

    18% 0.84745763 0.71818443 0.60863087 0.51578888


    15% 0.86956522 0.75614367 0.65751623 0.57175325
    12% 0.89285714 0.79719388 0.71178025 0.63551808
    s)
    99 2000
    -10% growth 27437.84 3% growth 28260.98 3% growth
    0.83 23322.17 0.85 24021.83 0.85
    4115.68 4239.15

    0.05 1317.02 0.05 1413.05 0.05


    0.02 411.57 0.02 423.91 0.02
    2387.09 2402.18

    0.00 27.44 0.00 28.26 0.00


    2359.65 2373.92

    0.00 0.00 0.00 0.00 0.00


    2359.65 2373.92

    943.86 949.57
    1415.79 1424.35
    27.44 28.26

    50.00 50.00

    10.00 10.00

    0.06917855 1383.2306 0.05041324 1392.61434 0.04927693

    Present
    value of Terminal Firm
    FCF Value Value
    0.43710922 0.37043154 8135.756 9280 17415.76
    0.49717674 0.4323276 8700.172 11600 20300.17
    0.56742686 0.50663112 9335.621 15466.67 24802.29

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