DCF-template.xlsx
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Sample Discounted Cashflow Calculation
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created by Peter Lasinger (www.lasinger.net)
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only edit the yellow fields
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use your own FCF numbers, or approximate by using EBITDAs
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Probability of Default%10,00%
use default data in your country/sector/stage
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Hurdle Rate%30,00%
minimum return (IRR) expected by the investor
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Cost of Equity%9,59%
refer to Damodaran for coming up with good estimates
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Cost of Investment%30,00%
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Perpetual growth (g)%2,00%
expected growth after year 10 (must be smaller than growth of economy!)
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Erstellungsdatumdate12/9/2018
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EOY Datedate12/31/201812/31/201912/31/202012/31/202112/31/202212/31/202312/31/202412/31/202512/31/202612/31/2027
Terminal Value
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# days discounteddays22T387T753T1.118T1.483T1.848T2.214T2.579T2.944T3.309T
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FCF$/€-1.000.000-200.000200.000500.0001.000.0002.000.0003.000.0004.000.0005.000.0006.000.0006.120.000
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discount, probability of default%99,4%90,4%82,1%74,7%67,9%61,7%56,1%51,0%46,4%42,1%42,1%
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FCF discounted by probability of default
$/€-994.272-180.777164.300373.408678.9241.234.4071.682.8422.039.8092.317.9652.528.6892.579.263
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discount, cost of invest%98,4%75,7%58,2%44,8%34,4%26,5%20,4%15,7%12,0%9,3%9,3%
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FCF discounted by cost of invest$/€-978.672-136.87795.625167.176233.812327.010342.682319.517279.298234.376239.063
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Enterprise Value883.9461.123.010
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Net Nebt / Net Cash (current)100.000100.000100.000
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Equity Value783.9461.023.010
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