Scribd Logo
Upload

Welcome to Scribd!

  • 23 views

    Sangam and Excel Mini Case Solution Template

    Uploaded by

    SHUBHAM DIXIT
    This document provides financial assumptions and calculations for Excel Ltd. over the period of 2009-2019. It includes assumptions for sales growth rate, cost of goods sold, SG&A expenses, capital expenditures, depreciation, net working capital, and tax rate. It then calculates values such as sales, expenses, EBIT, net profit, cash flows, and presents value of the firm based on forecasted cash flows and a terminal value. The key financial metrics such as EBIT, net profit, and cash flows increase each year as sales growth assumptions are met and expenses remain stable as a percentage of sales.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Sangam and Excel Mini Case Solution Template

    Uploaded by

    SHUBHAM DIXIT
    23 views3 pages
    This document provides financial assumptions and calculations for Excel Ltd. over the period of 2009-2019. It includes assumptions for sales growth rate, cost of goods sold, SG&A expenses, capital expenditures, depreciation, net working capital, and tax rate. It then calculates values such as sales, expenses, EBIT, net profit, cash flows, and presents value of the firm based on forecasted cash flows and a terminal value. The key financial metrics such as EBIT, net profit, and cash flows increase each year as sales growth assumptions are met and expenses remain stable as a percentage of sales.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This document provides financial assumptions and calculations for Excel Ltd. over the period of 2009-2019. It includes assumptions for sales growth rate, cost of goods sold, SG&A expenses, capital expenditures, depreciation, net working capital, and tax rate. It then calculates values such as sales, expenses, EBIT, net profit, cash flows, and presents value of the firm based on forecasted cash flows and a terminal value. The key financial metrics such as EBIT, net profit, and cash flows increase each year as sales growth assumptions are met and expenses remain stable as a percentage of sales.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    23 views3 pages

    Sangam and Excel Mini Case Solution Template

    Uploaded by

    SHUBHAM DIXIT
    This document provides financial assumptions and calculations for Excel Ltd. over the period of 2009-2019. It includes assumptions for sales growth rate, cost of goods sold, SG&A expenses, capital expenditures, depreciation, net working capital, and tax rate. It then calculates values such as sales, expenses, EBIT, net profit, cash flows, and presents value of the firm based on forecasted cash flows and a terminal value. The key financial metrics such as EBIT, net profit, and cash flows increase each year as sales growth assumptions are met and expenses remain stable as a percentage of sales.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    Year 1 2 3 4 5

    Assumptions 2009 2010 2011 2012 2013 2014


    Sales growth rate 4% 5% 6% 7% 8% 8%
    COGS 71% 70% 69% 68% 67% 66%
    SG&A 18% 17% 16% 15% 15% 15%
    capex 89 94 101 109 118
    Existing WDV of assets 372
    Total assets to be w/off 461 505 550 599 650
    Depreciation 2010-19 51 56 61 66 72
    net WC 575 604 640 685 740 799
    less: Increase in NWC 29 36 45 55 59
    Actual calculations
    sales 1695 1780 1887 2019 2180 2354
    COGS 1195 1246 1302 1373 1461 1554
    SG&A expenses 302 303 302 303 327 353
    Depreciation 40 51 56 61 66 72
    Total expenses 1537 1599 1659 1736 1854 1979
    EBIT 158 181 227 283 327 376
    Tax @35% 0 63 80 99 114 132
    NOPAT 158 117 148 184 212 244
    add: depreciation 40 51 56 61 66 72
    Cash flows from operations 198 168 203 244 278 316
    less: Increase in NWC 29 36 45 55 59
    Capex 89 94 101 109 118
    FCFF over forecast period 50 73 99 114 139
    terminal value
    FCFF over entire life
    PV factor
    Present value of FCFF
    Total PV of excel ltd
    Value of debt
    Value of equity
    No of shares
    Price per share (minimum)
    current market price of excel
    premium prcentage to be paid
    6 7 8 9 10
    2015 2016 2017 2018 2019 Tax rate
    8% 8% 8% 8% 8% CA 753.00
    66% 66% 66% 66% 66% CL 178.00
    15% 15% 15% 15% 15% NWC 575.00
    127 137 148 160 173 NWC/sales 0.34
    capex 372
    706 766 830 899 973 dep 2009 40.00
    78 84 91 99 107 Net block 2009 372
    863 932 1006 1087 1174 dep rate 2009 11%
    64 69 75 80 87 dep rate apprx 11%

    2543 2746 2966 3203 3460


    1678 1813 1958 2114 2283
    381 412 445 480 519
    78 84 91 99 107
    2137 2309 2494 2693 2909
    405 438 472 510 550 assumptions
    142 153 165 178 193 Terminal value will grow at 4% normal rate after 2019
    264 284 307 331 358 growth 4%
    78 84 91 99 107 CFs in 2020
    341 369 398 430 465 WACC
    64 69 75 80 87 TY CF
    127 137 148 160 173
    150 162 175 190 205
    mal rate after 2019

    You might also like