Getco Inc.

P&L

$ in bn 2023
Revenue 2.70
Cost of goods sold 1.30
Gross profit 1.40
Operating expenses 0.30
EBITDA 1.10
D&A 0.60
EBIT 0.50
Interest expense 0.20
EBT 0.30
Taxes 0.09
Net income 0.21

Balance sheet & Investments

Dec3123 vs Dec3122
Delta working capital 0.2 decrease
Delta other assets -0.2 increase
Delta other liabilities 0.1 decrease
Financial liabilities 3.0
Equity 1.0

Capex -0.7

Cash flow projections

UFCF 2024 105% of 2023 UFCF
UFCF 2025 110% of 2023 UFCF
UFCF 2026 115% of 2023 UFCF
UFCF 2027 118% of 2023 UFCF
UFCF 2028 121% of 2023 UFCF

Other financial information

WACC 4%
Getco's beta 1.4
Getco's tax rate 30%
Perpetuity growth rate 2%
Risk-free rate 1.50%
Market risk premium 5.00%