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  • DCF Eg

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    Divya Chowdhry
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    The document provides financial information for a company over 5 years including net sales, expenses, profits, assets, and liabilities. It shows steady growth in net sales from 270 to 440 and consistent profits each year from 29 to 40. Key figures remain stable with assets and liabilities increasing gradually as the business grows.

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    dcf eg

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    The document provides financial information for a company over 5 years including net sales, expenses, profits, assets, and liabilities. It shows steady growth in net sales from 270 to 440 and consistent profits each year from 29 to 40. Key figures remain stable with assets and liabilities increasing gradually as the business grows.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views3 pages

    DCF Eg

    Uploaded by

    Divya Chowdhry
    The document provides financial information for a company over 5 years including net sales, expenses, profits, assets, and liabilities. It shows steady growth in net sales from 270 to 440 and consistent profits each year from 29 to 40. Key figures remain stable with assets and liabilities increasing gradually as the business grows.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    1 2 3 4 5

    Net Sales 270 320 360 400 440


    Income from Marketable Securites 3 2 0 0 0
    Total Income 273 322 360 400 440
    COGS 144 173 193 218 245
    SGA 47 59 67 70 77
    Depriciation 22 26 29 32 35
    Interest 18 20 21 23 25
    Total Expences 231 278 310 343 382
    PBT 42 44 50 57 58
    Tax* @ 40% 13 16 18 19 18
    PAT 29 28 32 38 40
    Dividend 15 15 15 16 16
    Retained Earnings 14 13 17 22 24

    Equity 90 90 90 90 90
    Reserves & Surplus 75 88 105 127 151
    Debt 140 150 161 177 192
    305 328 356 394 433
    Assets
    FA 220 240 266 294 324
    Investments 10 0 0 0 0
    Net Current Assets 75 88 90 100 109
    305 328 356 394 433

    Tax lower due to some tax shelters

    Assume NCA in CY @ 70 & FA @ 190


    Assume g = 10%
    1 2 3 4 5
    PBT 42 44 50 57 58

    Interest Exp 18 20 21 23 25

    Interest Income 3 2 0 0 0

    EBIT 57 62 71 80 83

    Tax Provision 13 16 18 19 18

    Tax Shield on Int Exp @40% 7.2 8 8.4 9.2 10

    Tax on Int Income 1.2 0.8

    Taxes on EBIT 19 23.2 26.4 28.2 28

    NOPLAT 38 38.8 44.6 51.8 55

    Net Investments

    FCF

    Discounting @14%

    Assume G=10%

    CV

    PV of CV

    Value of Cv

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