Académique Documents
Professionnel Documents
Culture Documents
3%
Tax Rate
Terminal Growth Rate
Revenue
Men's Athletic
Men's Casual
Women's Athletic
Women's Casual
2007
251957
52179
138390
36802
Consolidated
479328
Men's Athletic
Men's Casual
Women's Athletic
Women's Casual
218435
43834
124302
37265
Consolidated
423836
8487
Corporate Overhead
47005
0.0980643735
28203
Depreciation
9587
Capex
11983
Change in WC
Working Capital (WC)
FCFF
4568
104117
108685
21239
Terminal Value
PV of FCFF
19599.73862629
Value of firm
545260.398456
2008
282192
53223
153613
0
2009
310411
54287
167438
0
2010
335244
55916
179159
0
2011
352006
57594
188117
0
2012
489028
532136
570319
597717
615648.51
244647
44711
137976
0
269112
45605
150393
0
290641
46973
160921
0
305173
48382
168967
0
427334
465110
498535
522522
538197.66
8659
9422
10098
10583
10900.49
53035
57604
61686
64612
66550.36
0.1084498229 0.1082505224 0.1081605207 0.1080979795 0.1080979795
31821
34562.4
37011.6
38767.2
39930.216
9781
10643
11406
11954
12226
13303
14258
14943
2648
9805
8687
6234
4081.77
111333
121138
129825
136059
140140.77
26728
22097.4
25472.6
29544.2
35848.446
668354.17778
467060.6328
Company
Beta
D&B
Marina
General
Kinsley
Victory
Surfside
Alpine
Heartland
Templeton
420098
1205795
533463
165560
35303250
570684
1056033
1454875
397709
Total
41107467
2.68
1.94
1.92
1.12
0.97
2.13
1.27
1.01
0.98
29.90%
-7.60%
32.20%
49.70%
21.70%
34.30%
28.50%
-6.70%
42.60%
0.94146
D/E
1.0544297991
4.16%
6%
0.0931642796
WACC
0.0836368997
Unlevered Beta
0.0102
0.0293
0.0130
0.0040
0.8588
0.0139
0.0257
0.0354
0.0097
2007
2008
2009
Assets
Cash
A/C receivables
Inventory
Prepaid Expenses
4161
47888
83770
14474
4195
48857
85465
14767
4566
53164
92999
16069
PPE
Trademarks
Goodwill
Other Assets
35015
43853
43051
11162
37460
43853
43051
11162
40120
43853
43051
11162
150293
153284
166798
Liabilities
A/C Payables
Accrued expenses
18830
22778
18985
22966
20664
24996
Deferred tax
Pension obligation
11654
9080
11654
9080
11654
9080
41608
41951
45660
108685
111333
121138
Working capital
2010
2011
4894
56978
99672
17222
5130
59715
104460
18049
42972
43853
43051
11162
45961
43853
43051
11162
178766
187354
22149
26792
23214
28081
11654
9080
11654
9080
48941
51295
129825
136059