A case study from a local boutique. It only gave me a one page IS from 2014 to 2021. Also using the attached income statement, online research, assumptions in places where you don’t have complete information to make a valuation and do some analysis. The IS has EBITDA, but no capital expenditure, nor new working capital. What can I do to start it? Should I use a comparable's to make a DCF?
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If you have d&a you can make an educated guess about the capital intensity of the business, then just maintain that assumption according to projected revenue growth. for working capital, look at similar companies in the same business, it won't be that far off. if you have interest expense, you can make a guess about how much debt there is in the cap structure.
Thanks! But there is no D&A. The IS is extremely simple as attached. That's all what I have in the IS
Net Sales
% Growth
Cost of Sales
Gross Profit
% Margin
Variable Costs
Unadjusted Fixed Costs
Operating Expenses
EBITDA
% Margin
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