-Formula Sheet FM
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FCF= Net Operating Profit After Taxes (NOPAT) + Depreciation – Gross fixed Asset expenditures – Change in Net Operating Working Capital b L = b U (1 + (1 - T)(D/E)) d 1 = ln( P/X )+[ k RF + ( σ 2 2 ) t ] σ √ t d 2 = d 1 - σ √ t V = P [ N ( d 1 )] - Xe -k RF t [ N( d 2 )] MVA t = Capital t [ EROIC t − WACC ] WACC − g EROIC t = NOPAT t+1 Capital t MVA t = [ Sales t ( 1+g ) WACC− g ] [ OP − WACC ( CR ( 1+g ) ) ]
description
financial management formulas
Transcript of -Formula Sheet FM
FCF= Net Operating Profit After Taxes (NOPAT)
+ Depreciation
– Gross fixed Asset expenditures
– Change in Net Operating Working Capital
bL = b
U(1 + (1 - T)(D/E))
d1=ln( P/X )+[ kRF+(σ 2
2 ) t ]
σ √ td2= d1 - σ√ t
V = P[ N (d1 )] - Xe-k RF t [N ( d2) ]
MVA t =Capitalt [EROIC t −WACC ]
WACC − g
EROIC t =NOPAT t+1Capitalt
MVA t =
[Salest (1+g )WACC−g ] [OP − WACC ( CR(1+g ) )]
