updated IPO info
This commit is contained in:
parent
157846fc5e
commit
95c2dab5b4
2 changed files with 17 additions and 1 deletions
Binary file not shown.
18
mba/ch50.org
18
mba/ch50.org
|
|
@ -159,9 +159,15 @@ Calculate YOY for *Revenue*:
|
||||||
- Once the company turned a profit in 2017, taxes were applied.
|
- Once the company turned a profit in 2017, taxes were applied.
|
||||||
|
|
||||||
** IP Valuation: Growth vs Value
|
** IP Valuation: Growth vs Value
|
||||||
- Assume an Initial Public Offering (IPO) in 2020
|
- *Assume an Initial Public Offering (IPO) in 2020*
|
||||||
- Based on the Financial data given, how and what will different types of investors PAY for this company
|
- 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
|
*** Growth Investors
|
||||||
- focus on *revenue* as the primary metric
|
- focus on *revenue* as the primary metric
|
||||||
- especially for high growth companies
|
- especially for high growth companies
|
||||||
|
|
@ -172,6 +178,8 @@ Calculate YOY for *Revenue*:
|
||||||
\]
|
\]
|
||||||
|
|
||||||
*** Value Investors
|
*** 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)
|
- focus on *current profitability* (earnings, ie EBIT)
|
||||||
- lower valuations for high growth companies
|
- lower valuations for high growth companies
|
||||||
- high growth companies reinvest profits into expansion, research, etc.
|
- high growth companies reinvest profits into expansion, research, etc.
|
||||||
|
|
@ -179,3 +187,11 @@ Calculate YOY for *Revenue*:
|
||||||
\[
|
\[
|
||||||
\text{Value Investor Valuation} = \text{EBIT for IPO Year} \times 10
|
\text{Value Investor Valuation} = \text{EBIT for IPO Year} \times 10
|
||||||
\]
|
\]
|
||||||
|
|
||||||
|
*** 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* |
|
||||||
|
|
|
||||||
Loading…
Add table
Reference in a new issue