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Sensitivity Analysis

The document presents a sensitivity analysis template for discounted cash flow (DCF) and equity valuation, detailing assumptions such as discount rate and long-term cash flow growth rate. It includes a table showing the impact of varying these assumptions on the valuation outcomes, such as enterprise and equity values. The template is designed for use in Excel, allowing users to input different variables and see how they affect the valuation results.

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Nick Alwynson Tandayag
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168 views1 page

Sensitivity Analysis

The document presents a sensitivity analysis template for discounted cash flow (DCF) and equity valuation, detailing assumptions such as discount rate and long-term cash flow growth rate. It includes a table showing the impact of varying these assumptions on the valuation outcomes, such as enterprise and equity values. The template is designed for use in Excel, allowing users to input different variables and see how they affect the valuation results.

Uploaded by

Nick Alwynson Tandayag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SENSITIVITY ANALYSIS

TEMPLATE FREE DOWNLOAD XLS

DISCOUNTED CASH FLOW EQUITY VALUE

Valuation
Assumptions Valuation date

Discount rate - WACC 10.5% 1 Cumulated DCF 4,185


Long term CF growth rate 1.5% Terminal Value 14,533
Discounted Terminal Value 8,812
Discounted Cash Flows 2024 2025 2026 2027 2028
EBIT 1,938 1,589 1,655 2,019 2,372 DCF value of operations 12,997
Tax (286) (232) (241) (295) (346) Non-operating assets adjustments 1,379
Non-cash items added back 317 549 692 514 527 Enterprise value 14,376
Net Working capital adjustments (1,193) (169) (215) (240) (272) Interest bearing debt (700)
CAPEX adjustments (750) (1,050) (450) (150) (150) Debt equivalents (165)
Free Cash Flow 27 687 1,440 1,849 2,131 Hybrid claims and non controlling (225)
interests 2
Discount factor 1.105 1.222 1.350 1.492 1.649
DCF 24 563 1,067 1,239 1,292
Equity value 13,286

1 Variables 2 The value testing on sensitivity due to potential variable change

SENSITIVITY IN EXCEL > DATA > DATA TABLE > INPUT VARIABLES

SENSITIVITY ANALYSIS Input tested value in this cell


3
3 5
LONG TERM CF GROWTH RATE
0.50% 1.00% 1.50% 2.00% 2.50% 3.00% List the range of values for the
4 first variable WACC in a column
4.52% 39,653 44,698 51,411 60,784 74,787 97,978
5.52% 30,175 33,065 36,672 41,303 47,465 56,068
6.52% 23,997 25,810 27,984 30,638 33,951 38,205
List the range of values for the
7.52% 19,693 20,904 22,315 23,981 25,980 28,420 5
8.52% 16,551 17,396 hit18,362 19,475
second variable LTGR in a row
BMW is 20,774 22,307
WACC

Even though Mercedes 6


higher sales,
9.52% 14,175 14,786 15,473 16,251 17,140 18,165
Select full table and input
10.52% 12,328 12,782 13,286 13,849 14,482 15,199 Excel formula: Data > Data
11.52% 10,861 11,205 11,584 12,002 12,467 12,986 Table
12.52% 9,674 9,940 10,230 10,548 10,897 11,283
13.52% 8,699 8,907 9,133 9,379 9,646 9,940 In the central cell you will
14.52% 7,886 8,052 8,231 8,423 8,632 8,859
6 see the value that vary in
15.52% 7,202 7,335 7,478 7,631 7,796 7,974 the scenario of variable
change
416.52% 6,619 6,728 6,843 6,966 7,098 7,240

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