Заказ 33029 (300 грн.)
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Заказ 33029 (300 грн.) 04.07.2019 17:04
Variant 1
- Answer the following questions:
- Financial modeling framework: steps and assumptions.
- DCF Framework. Mistakes in DCF Valuation.
- What are the main drivers of corporate value creation?
- What are the disadvantages of traditional financial reporting? What is value reporting and its components?
- Comps Framework. Identifying Comparable Companies.
Equity multiples. Enterprises Multiples.
- What are the main trends and tendencies of value creation? Name top industries and companies with the highest capitalization.
- What are the main objectives of value-based management compensation? What are the components of value-oriented management compensation?
- Calculate the amount of FCFF for the estimated period ($) and using assumptions calculate the target share price based on Perpetuity Growth Method.
|
Free Cash Flow to Firm
|
2014E
|
2015E
|
2016E
|
2017E
|
2018E
|
|
|
|
|
|
|
|
|
EBIT
|
210
|
315
|
420
|
505
|
610
|
|
Ebit*(1-tax)
|
147
|
220,5
|
294
|
353,5
|
427
|
|
D&A
|
133
|
136
|
138
|
141
|
142
|
|
Capex
|
70
|
80
|
90
|
110
|
120
|
|
(Increase) / Decrease in Working Capital
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
|
FCFF
|
|
|
|
|
|
|
Assumptions:
|
|
WACC
|
10%
|
|
Terminal Growth Rate
|
2%
|
|
EV/EBITDA
|
7
|
|
Debt
|
200
|
|
Cash
|
150
|
|
Total Shares Outstanding
|
100
|
|