Colgate's 2-Stage D

(All figures, except per share numbers, are in Rs m

(Figures in "red" are entered figures. Rest is all ca

3-Year Avg. FCF

Years:
Growth Rate:
Terminal Growth Rate:
Discount Rate:
Shares Outstanding (Nos.):
Net Debt Level:

Year
1
2
3
4
5
6
7
8
9
10
Terminal Year CF:
PV of Year 1-10 Cash Flows:
Terminal Value:
Total PV of Cash Flows:
Intrinsic Value per Share (IV):
e's 2-Stage DCF Calculation
mbers, are in Rs million)
gures. Rest is all calculation)

3,090,000,000

1-5 6-10
10% 8%
2%
12%
135,992,817
(2,850,000,000) Net Debt = Long Term Borrowings

FCF Growth Present Value (PV)

3,399,000,000 10% 3,034,821,429
3,738,900,000 10% 2,980,628,189
4,112,790,000 10% 2,927,402,685
4,524,069,000 10% 2,875,127,637
4,976,475,900 10% 2,823,786,072
5,374,593,972 8% 2,722,936,570
5,804,561,490 8% 2,625,688,835
6,268,926,409 8% 2,531,914,234
6,770,440,522 8% 2,441,488,726
7,312,075,763 8% 2,354,292,700
 7,458,317,279
27,318,087,077 PV = Present Value
24,013,785,537
51,331,872,615
398
erm Borrowings - Cash