AAPL 153.04 +0.34 (+0.22%)MSFT 105 +0.23 (+0.22%)ZNGA 3.95 +0.07 (+1.68%)NVDA 133.37 -0.29 (-0.22%)WBA 68.22 +0.16 (+0.24%)GOOG 1029.8 -7.78 (-0.75%)PIH 4.14 +0.25 (+6.43%)
AAPL 153.04 +0.34 (+0.22%)MSFT 105 +0.23 (+0.22%)ZNGA 3.95 +0.07 (+1.68%)NVDA 133.37 -0.29 (-0.22%)WBA 68.22 +0.16 (+0.24%)GOOG 1029.8 -7.78 (-0.75%)PIH 4.14 +0.25 (+6.43%)
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BalanceTerminal
| Year A / P | 2012 Actual | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual | 2017 Projected | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,872 | 12,466 | 17,928 | 27,638 | 40,653 | 61,345 | 92,570 | 139,688 | 210,790 | 318,082 |
| EBITDA | 3,821 | 6,176 | 8,162 | 14,870 | 23,625 | 31,347 | 47,303 | 71,381 | 107,714 | 162,540 |
| EBIT | 2,810 | 4,933 | 6,217 | 12,528 | 20,600 | 25,274 | 38,139 | 57,552 | 86,845 | 131,050 |
| TaxesRate | 45.5 | 40.1 | 40.5 | 18.4 | 22.6 | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 |
| EBIAT | 1530.5 | 2953.8 | 3701.7 | 10225.2 | 15938.6 | 16826.4 | 25391.1 | 38315.1 | 57817.5 | 87246.6 |
| Depreciation | 1,011 | 1,243 | 1,945 | 2,342 | 3,025 | 6,073 | 9,164 | 13,829 | 20,868 | 31,490 |
| AccountReceivable | - | -569 | -881 | -1,434 | -1,839 | -2,818 | -4,403 | -6,644 | -10,025 | -15,128 |
| PrepaidExpenses | - | -332 | 134 | -300 | -61 | -1,679 | -1,374 | -2,073 | -3,128 | -4,721 |
| AccountsPayable | - | 89 | 20 | 106 | 78 | 295 | 343 | 518 | 782 | 1,180 |
| AccruedLiabilities | - | 311 | -201 | 1,296 | 701 | 1,203 | 1,967 | 2,968 | 4,479 | 6,759 |
| CapitalExpenditure | -1,362 | -1,831 | -2,523 | -4,491 | -6,733 | -9,693 | -14,626 | -22,071 | -33,305 | -50,257 |
| UFCF | 2,542 | 4,497 | 5,277 | 14,503 | 20,146 | 24,539 | 37,397 | 56,432 | 85,156 | 128,500 |
| WACC | ||||||||||
| PV UFCF | 22,554 | 31,592 | 43,817 | 60,771 | 84,287 | |||||
| SUM PV UFCF | 243,021 |
| Year A / P | 2012 Actual | 2013 Actual | 2014 Actual | 2015 Actual | 2016 Actual |
|---|---|---|---|---|---|
| Revenue | 7,872 | 12,466 | 17,928 | 27,638 | 40,653 |
| EBITDA | 3,821 | 6,176 | 8,162 | 14,870 | 23,625 |
| EBIT | 2,810 | 4,933 | 6,217 | 12,528 | 20,600 |
| TaxesRate | 45.5 | 40.1 | 40.5 | 18.4 | 22.6 |
| EBIAT | 1530.5 | 2953.8 | 3701.7 | 10225.2 | 15938.6 |
| Depreciation | 1,011 | 1,243 | 1,945 | 2,342 | 3,025 |
| AccountReceivable | - | -569 | -881 | -1,434 | -1,839 |
| PrepaidExpenses | - | -332 | 134 | -300 | -61 |
| AccountsPayable | - | 89 | 20 | 106 | 78 |
| AccruedLiabilities | - | 311 | -201 | 1,296 | 701 |
| CapitalExpenditure | -1,362 | -1,831 | -2,523 | -4,491 | -6,733 |
| UFCF | 2,542 | 4,497 | 5,277 | 14,503 | 20,146 |
| WACC | |||||
| PV UFCF | |||||
| SUM PV UFCF |
| Year A / P | 2017 Projected | 2018 Projected | 2019 Projected | 2020 Projected | 2021 Projected |
|---|---|---|---|---|---|
| Revenue | 61,345 | 92,570 | 139,688 | 210,790 | 318,082 |
| EBITDA | 31,347 | 47,303 | 71,381 | 107,714 | 162,540 |
| EBIT | 25,274 | 38,139 | 57,552 | 86,845 | 131,050 |
| TaxesRate | 33.4 | 33.4 | 33.4 | 33.4 | 33.4 |
| EBIAT | 16826.4 | 25391.1 | 38315.1 | 57817.5 | 87246.6 |
| Depreciation | 6,073 | 9,164 | 13,829 | 20,868 | 31,490 |
| AccountReceivable | -2,818 | -4,403 | -6,644 | -10,025 | -15,128 |
| PrepaidExpenses | -1,679 | -1,374 | -2,073 | -3,128 | -4,721 |
| AccountsPayable | 295 | 343 | 518 | 782 | 1,180 |
| AccruedLiabilities | 1,203 | 1,967 | 2,968 | 4,479 | 6,759 |
| CapitalExpenditure | -9,693 | -14,626 | -22,071 | -33,305 | -50,257 |
| UFCF | 24,539 | 37,397 | 56,432 | 85,156 | 128,500 |
| WACC | |||||
| PV UFCF | 22,554 | 31,592 | 43,817 | 60,771 | 84,287 |
| SUM PV UFCF | 243,021 |
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