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TV Homework Template
| Enterprise Valuation & Terminal Value | ||||||||
| Given | Solution Legend | |||||||
| Gross Margin | 40% | Value given in problem | ||||||
| Fixed Costs | $ 2,000 | Formula/Calculation/Analysis required | ||||||
| Revenue Growth Rate for Years 1 - 5 | 10% | Crystal Ball Input | ||||||
| FCF Steady Growth | 3% | Crystal Ball Output | ||||||
| Discount Rate | 12% | |||||||
| Year 1 Revenue | $ 5,000 | |||||||
| Tax Rate | 21% | |||||||
| Terminal Year | 5 | |||||||
| 1 | 2 | 3 | 4 | 5 | ||||
| Revenues | ||||||||
| Gross profits | ||||||||
| Fixed Costs | ||||||||
| Net Operating Income | ||||||||
| Taxes | ||||||||
| Free Cash Flow | ||||||||
| NPV for Years 1-5 Cash Flows | ||||||||
| Terminal Value (as of Year 5) | ||||||||
| PV of Terminal Value | ||||||||
| Enterprise Value | ||||||||
| PV of Terminal Value / Enterprise Value | ||||||||
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