Professional Documents
Culture Documents
Q2
OTIMISTIC SOLUTION
PESSIMISTIC Solution
13.19%
Q3
Q4
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Particulars
objective is to Find Sales
FCFF ======
CGS ID#AAAANWiE6l
Gross Profit o
(-)SGA user (2021-07-
(-)R & D 25 15:10:06)
EBITDA Very Important
Calculations
(-)D &A
EBIT
(-) Corporate Tax
(EBIT*(1-t)) After Tax EBIT
(+)D & A
(-) Delta Capex
(-)DeltaNWC
FCFF
T0 find Terminal Value
1) Perpetuity Method
If we consider the debt and we only give him a share of equity only
Debt as per 2014 Data
2)EBITDA MULTIPLE
If we consider the debt and we only give him a share of equity only
Debt as per 2014 Data
Total FC 943994 (Comprises of Rent, Utility & Labour c
UV(unit Variable Cost) 40
Unit Sales Price 80
Decision is to open your shop as seeing growth rate from 2012 to 2013 was 81%
here we require only growth rate of 13.19%
hence opening a new shop is a profitable venture
2012 sales revenue 4132517
2013 sales revenue 7491187
81.27%
Enterprise value
EBIT(1-t)
Depreciation
Delta Capex
Delta NWC
0 This is EV
OR
PAT
Depreciation ( As company doesnot
Delta Capex have a credile history)
Delta NWC
0 This is EV
0 This is EV
f we consider the debt and we only give him a share of equity only
Loans Payable - short Term 99980
Loans Payable - Long Term 917635
Total Debt 1017615
Hence Only Equity Value 52251628.9
Chinese Investor is willing to pay 10000000
19.138%
% of share or equity we need to give him
f we consider the debt and we only give him a share of equity only
Loans Payable - short Term 99980
Loans Payable - Long Term 917635
Total Debt 1017615
Hence Only Equity Value 25694757.82
Chinese Investor is willing to pay 10000000
% of share or equity we need to give him 38.918%
f Rent, Utility & Labour costs)
Unit Contribution Margin 40
CANNOT BE USED
CANNOT BE USED
CAN BE USED
PROJECTED VALUES
2015 2016 2017 2018
13200000 18480000 23100000 28875000
2876971.35313803 4027759.894393 5034699.867992 6293374.8349894
10323028.646862 14452240.10561 18065300.13201 22581625.165011
7519791.3648 10342907.91072 12697634.8884 15583293.6105
13200 18480 23100 28875
2790037.28206197 4090852.194887 5344565.243608 6969456.5545106
800000 47124 62370 82293.75
1990037.28206197 4043728.194887 5282195.243608 6887162.8045106
696513.048721691 1415304.86821 1848768.335263 2410506.9815787
1293524.23334028 2628423.326676 3433426.908346 4476655.8229319
800000 47124 62370 82293.75
1000000 55440 69300 86625
42635.5009514614 102325.2022835 89534.55199807 111918.18999759
1050888.73238882 2517782.124393 3336962.356347 4360406.3829343
WACC 12%
growth rate 4%
2015 2016 2017 2018
938293.511 2007160.494 2375183.893 2771117.085