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(IPO) in 2020* - Based on the Financial data given, how and what will different types of investors PAY for this company +| Category | 2020 | +|---------------------------------+-------------------| +| Revenue | ₪1,399,440,000 | +| EBIT (Gross Profit - TOE) | ₪657,736,800 | + + *** Growth Investors - focus on *revenue* as the primary metric - especially for high growth companies @@ -172,6 +178,8 @@ Calculate YOY for *Revenue*: \] *** Value Investors +- they look on the long term viability of a product vs it's fast growth +- buy cheap, sell after many years - focus on *current profitability* (earnings, ie EBIT) - lower valuations for high growth companies - high growth companies reinvest profits into expansion, research, etc. @@ -179,3 +187,11 @@ Calculate YOY for *Revenue*: \[ \text{Value Investor Valuation} = \text{EBIT for IPO Year} \times 10 \] + +*** Final valuations based on 2020 IPO +assuming the IPO takes place in 2020 our valuation will be + +| Investor type | Formula | Projected Valuation in 10 Years (2030) | +|------------------+--------------+----------------------------------------| +| Growth Investors | Revenue x 10 | *₪13,994,400,000* | +| Value Investors | EBIT x 10 | *₪6,577,368,000* |