Professional Documents
Culture Documents
2009
10%
15%
5%
35%
1%
Current Year
Cost of Goods Sold as % of Revenue
Sales, General, and Adminsitrative Cost as % of Revenue
Depreciation as % of Revenue
Taxes
Change in Net Working Capital as % of Revenue
Current Overall Market or Segment Revenue
100,000
5.0%
50,000
15%
No
2%
2009
Overall Market or Segment Revenue
2010
100,000 $
2011
105,000
1%
110,250
5%
10%
DCF
2009
Revenue
(-) COGS
(-) SG&A
EBITDA
5%
(-) Depreciation
EBIT
35%
(-) Taxes
Net Operating Profit After Taxes
(+) Depreciation
1%
(-) Change in NWC
(-) CapEx
Project's Free Cash Flow
Project's Discounted Free Cash Flow
$
$
1,000
100
150
750
50
700
245
455
50
10
50,000
(49,505)
(49,505)
27,541
27,541
10%
15%
2010
$
$
$
5,250
525
788
3,938
263
3,675
1,286
2,389
263
53
2,599
2,260
2011
$
$
$
11,025
1,103
1,654
8,269
551
7,718
2,701
5,016
551
110
5,457
4,127
2012
$
115,763
2013
$
20%
$
$
23,153
2,315
3,473
17,364
1,158
16,207
5,672
10,534
1,158
232
11,460
7,535
2014
$
30%
2012
$
121,551
$
$
36,465
3,647
5,470
27,349
1,823
25,526
8,934
16,592
1,823
365
18,050
10,320
2015
$
40%
2013
$
127,628
$
$
51,051
5,105
7,658
38,288
2,553
35,736
12,508
23,228
2,553
511
25,270
12,564
2016
$
40%
2014
$
134,010
$
$
53,604
5,360
8,041
40,203
2,680
37,523
13,133
24,390
2,680
536
26,534
11,471
2017
$
40%
2015
$
140,710
$
$
56,284
5,628
8,443
42,213
2,814
39,399
13,790
25,609
2,814
563
27,861
10,474
2018
$
40%
2016
$
147,746
40%
2017
$
$
$
59,098
5,910
8,865
44,324
2,955
41,369
14,479
26,890
2,955
591
29,254
9,563
155,133
2018
$
$
$
62,053
6,205
9,308
46,540
3,103
43,437
15,203
28,234
3,103
621
30,716
8,731