CFI Advanced Excel Formulas & Functions - Complete Strictly Confidential

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Cover Page

Table of Contents

#VALUE!
#VALUE!
#VALUE!
Live Case Base 1 First 12/31/2018 1 Total
1 Upside 2 Last 12/31/2025 Average
Downside 3 # Periods 8

Year 2018 2019 2020 2021

Total Average 12/31/2018 12/31/2019 12/31/2020 12/31/2021

Raw Data

Revenue Scenarios
Base Case 331,480 110,493 100,500 110,148 120,832 131,707
Upside Case 364,628 121,543 110,550 121,163 132,915 144,878
Downside Case 298,332 99,444 90,450 99,133 108,749 118,536
Live Case 331,480 110,493 100,500 110,148 120,832 131,707

Revenue 331,480 110,493 100,500 110,148 120,832 131,707

COGS 130,491 43,497 38,672 43,486 48,333 52,024
Gross Profit 200,989 66,996 61,828 66,662 72,499 79,683
Salaries 78,460 26,153 23,789 26,812 27,859 28,859
Marketing 45,420 15,140 12,871 13,897 18,652 18,952
Rent 15,000 5,000 5,000 5,000 5,000 5,100
Earnings Before Tax 62,109 20,703 20,168 20,953 20,988 26,772
Tax 17,189 5,730 5,445 5,867 5,877 7,737
Net Income 44,920 14,973 14,723 15,086 15,111 19,035

Free Cash Flow -1000 200 500 700

Output Data

Revenue 331,480 110,493 100,500 110,148 120,832 131,707

COGS 130,491 43,497 38,672 43,486 48,333 52,024
Gross Profit 200,989 66,996 61,828 66,662 72,499 79,683
Salaries 78,460 26,153 23,789 26,812 27,859 28,859
Marketing 45,420 15,140 12,871 13,897 18,652 18,952
Rent 15,000 5,000 5,000 5,000 5,000 5,100
Earnings Before Tax 62,109 20,703 20,168 20,953 20,988 26,772
Tax 17,189 5,730 5,445 5,867 5,877 7,737
Net Income 44,920 14,973 14,723 15,086 15,111 19,035

Debt and Interest

Debt Assumptions
Loan Amount 5000
Term 7
Rate 4.5%

Timeline 1 2 3 4

Opening 5000 4,376 3,725 3,044

Total Payment (849) (849) (849) (849)
Interest Payment (225) (197) (168) (137)
Principal Payment (624) (652) (681) (712)
Closing Balance 4,376 3,725 3,044 2,333

Valuation

NPV 1,700 15.0%

IRR 49.5%

Free Cash Flow (1,000) 200 500 700

Cumulative FCF
Start column E 2,200
End column J 2,200
Row # 63

Summary Report

2018 2022 2025

Revenue 100,500 142,244 188,546
Gross Profit 61,828 83,924 111,242
Net Income 14,723 20,659 27,384

Sensitivity Analysis

NPV Sensitivity
Discount Rate
1,700 25% 20% 15% 10% 5%
Investment (2,000) 1,700 1,700 1,700 1,700 1,700
(1,500) 1,700 1,700 1,700 1,700 1,700
(1,000) 1,700 1,700 1,700 1,700 1,700
(500) 1,700 1,700 1,700 1,700 1,700
0 1,700 1,700 1,700 1,700 1,700

Charts and Graphs

Revenue 100,500 110,148 120,832 131,707

Gross Margin 62% 61% 60% 61%

COGS 38,672 43,486 48,333 52,024

Salaries 23,789 26,812 27,859 28,859
Marketing 12,871 13,897 18,652 18,952
Rent 5,000 5,000 5,000 5,100
Tax 5,445 5,867 5,877 7,737
Net Income 14,723 15,086 15,111 19,035

12 65% 12

10 10

60%
8
8
12 65% 12

10 10

60%
8
8

6
6 55%

4
4
50% 2
2
0
2018 2019 202
0 45%
2018 2019 2020 2021 2022 2023 2024 2025
 3 Case: # of Years:
3
8

2022 2023 2024 2025

12/31/2022 12/31/2023 12/31/2024 12/31/2025

142,244 156,253 171,642 188,546 207,115 227,513

156,468 171,878 188,806 207,401 227,827 250,264
128,020 140,628 154,478 169,691 186,404 204,762
142,244 156,253 171,642 188,546 207,115 227,513

142,244 156,253 171,642 188,546 207,115 227,513

58,320 64,064 70,373 77,304 84,917 93,280
83,924 92,189 101,269 111,242 122,198 134,233
29,659 32,580 35,789 39,313 43,185 47,438
19,652 21,587 23,714 26,049 28,614 31,433
5,100 5,602 6,154 6,760 7,426 8,157
29,513 32,420 35,612 39,120 42,973 47,205
8,854 9,726 10,684 11,736 12,892 14,161
20,659 22,694 24,928 27,384 30,081 33,044

900 900 900 900 900 900

142,244 156,253 171,642 188,546

58,320 64,064 70,373 77,304
83,924 92,189 101,269 111,242
29,659 32,580 35,789 39,313
19,652 21,587 23,714 26,049
5,100 5,602 6,154 6,760
29,513 32,420 35,612 39,120
8,854 9,726 10,684 11,736
20,659 22,694 24,928 27,384

5 6 7

2,333 1,589 812 0 0 0 0 0 0

(849) (849) (849) 0 0 0 0 0 0
(105) (72) (37) 0 0 0 0 0 0
 (744) (777) (812) 0 0 0 0 0 0
1,589 812 0 0 0 0 0 0 0

900 900 900 900

8 Criteria 1 IRR >= 30.0% Invest

16 Criteria 2 NPV >= 800
Result if True Invest
Result if False Do NOT Invest

Goal Seek Analysis

NPV 2,000 2022 Net Income 0
Discount 12.2% 2022 Revenue 121,558

142,244 156,253 171,642 188,546

59% 59% 59% 59%

58,320 64,064 70,373 77,304

29,659 32,580 35,789 39,313
19,652 21,587 23,714 26,049
5,100 5,602 6,154 6,760
8,854 9,726 10,684 11,736
20,659 22,694 24,928 27,384

12

10

8
12

10

0
2018 2019 2020 2021 2022 2023 2024 2025
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Year 2018 2019 2020 2021 2022 2023 2024 2025 2026

Revenue 100500 110148 120832 131707 142244 156253 171642 188546 207115
COGS 38672 43486 48333 52024 58320 64064 70373 77304 84917
Gross Profit 61828 66662 72499 79683 83924 92189 101269 111242 122198
Salaries 23789 26812 27859 28859 29659 32580 35789 39313 43185
Marketing 12871 13897 18652 18952 19652 21587 23714 26049 28614
Rent 5000 5000 5000 5100 5100 5602 6154 6760 7426
Earnings Before Tax 20168 20953 20988 26772 29513 32420 35612 39120 42973
Tax 5445 5867 5877 7737 8854 9726 10684 11736 12892
Net Income 14723 15086 15111 19035 20659 22694 24928 27384 30081

# of Years
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
 2027

227513
93280
134233
47438
31433
8157
47205
14161
33044