Equity Research Analysis Exercise
Noplat
| |
Yr 1 |
Yr 2 |
Yr 3 |
Yr 4 |
Yr 5 |
Yr 6... |
| EBITDA |
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
| Depreciation |
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
|
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
| Notional cash tax |
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
|
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
Operating Free Cash Flow
|
Yr 1 |
Yr 2 |
Yr 3 |
Yr 4 |
Yr 5 |
Yr 6... |
| EBITDA |
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
| Change in working capital |
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
| Capex |
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
| Notional cash tax |
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
|
_____ |
_____ |
_____ |
_____ |
_____ |
_____ |
|