Formulas Flashcards by Filips Cepjolkins

Q

Price to book

A

Mcap./Eq

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Q

Price to sales

A

Mcap./Net Sales

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Q

Enterprise Value

A

FCFF/rwacc-g

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Q

FCFF

A

EBIT(1-t)+Depr-Capex-DeltaWC

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Q

Equity Value

A

EV-Debt

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Q

Beta debt

A

(rd-rf)/(rm-rf)

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Q

Beta equity

A

Beta asset - D/V * Beta debt / 1 - D/V

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Q

re

A

rf+B*(rm-rf)

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Q

WACC

A

rdD/V(1-t)+re*E/V

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Q

Implied PB multiple

A

Eq. V/Book equity

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Q

Book equity

A

PPE + WC - Depr

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Q

Equity EVA

A

(ROE-re)*Op.Eq.

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Q

Terminal EVA

A

(ROE-re)/(re-g)*Op.Eq.

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Q

EV Abn. prof.

A

Cl.eq. + PV of EVA

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Q

Profit Before Tax (adj.)

A

PBT (unadj.) + R&D - ammort (R&D)

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Q

ROCE

A

EBIT / TE + St debt + Lt debt

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Q

Price Per share

A

(EV - Debt)/NOSH

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Q

Change in stock due to warrants

A

(Pavg. - Pwar.)/Pavg. * #of warrants

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Q

Revenue growth rate

A

(Revenue1/Revenue0)-1

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Q

Div Payout ratio

A

Div0/NI

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Q

Sustainable growth rate

A

NI/TE*(1-Div payout ratio)

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Q

Reinvestment rate

A

(Capex-DeltaWC+Depr.)/EBIT(1-t)

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Q

rd

A

Interest exp.1/St debt0 + Lt debt0

Q

Effective Tax Rate

A

Inc.tax1 / EBT1

Q

Du Pont ROE

A

NI/Sales * Sales/TA * TA/Eq.

Q

MV equity

A

EV - Lt Debt - St Debt + Cash

Q

rd

A

interest exp/total debt

Q

Adjusted EBIT

A

1) Opening PV of operating Profit: PVlease/1+rd
2) Interest exp: Opening PV *rd
3) Adj. EBIT = Ebit + Interest exp.

Q

ROE

A

NI1/TE0 | P/BV / P/E | g / (1-p)

Q

Current Ratio

A

CA1/CL1

Q

Quick Ratio

A

CA-Inv-Prepaid exp. / CL

Q

Cash Ratio

A

Cash & Marketable sec. / CL

Q

Closing Equity

A

Op.Eq. + NI - DIV

Q

NI

A

ROE * Op.Eq.

Q

Div

A

NI * p

Q

CCC

A

Debtor d. + Inv. d. + A/P d.

Q

Debtor days

A

A/R * 365 / Sales

Q

Inv. days

A

Inv. * 365 / COGS

Q

A/P days

A

A/P / Inv1 - Inv0 + COGS

Q

Adjusted Asset Turnover

A

Sales / TA + Adjustment

Q

Adjusted D/E

A

Depends

Q

Effective Depr.

A

Depr. exp. / PPE + Cost of PPE

Q

Price Per Share (VC)

A

Investment / #of shares

Q

Ownership share (VC)

A

New shares / New sh. + Old sh. | Investment / Post Money

Q

Pre-money (VC)

A

Post-money - Investment

Q

Post-money (VC)

A

Pre money + Investment

Q

Exit Value (VC)

A

EBIT * (EV/EBIT)

Q

Target Ownership Share (VC)

A

Investment / PV(Exit Value)

Q

CAPEX

A

PPE1- PPE0 + Depr.

Q

NET WC

A

WCa - WCl

Q

Levered re

A

re+(re-rd)*D/E

Q

% of compl.

A

1) costs inc./total costs = x

2) x * tot. contract worth - costs inc. = GP

Q

FCFF (EBIT)

A

1) EBIT * g = x
2) x * (1-t) = y
3) y * reinv. r = z
4) y - z = FCFF

Q

LIFO reserve

A

FIFO inv - LIFO inv

Q

LIFO inv.

A

Inv.0 + Purchases - COGS