Professional Documents
Culture Documents
Ventas
Costo de Materias Primas
Costo de Mano de Obra Directa
Margen bruto
Gastos Generales
Gastos de Servicios
Costo de ventas
EBITDA
Depreciacin
EBIT
Impuestos
Depreciacion
NOPAT
CAPEX
Inv k de w
Valor de rescate
Recuperacion k w
FCF
$
$
$
$400,000
(400,000)
AO 1
325,000.00
169,000.00
56,550.00
$99,450
$40,000
$12,000
$9,750
$37,700
$26,667
$11,033
$3,089
$26,667
$34,611
$0
$87,100
121,711
13.50%
1,060,186
49.28%
$81,250
$28,167
$5,850
$28,167
$87,100
$87,100
$400,000
$400,000
$26,667
$373,333
$400,000
$377,206
$22,793.67
$48,000
$70,794
13.50%
$1,060,186.14
49.28%
AO 1
$
$
$
$
$ -400,000.00
650
500.00
325,000.00
169,000.00
56,550.00
$99,450
Crecimiento de merc
2.00%
3.00%
1,060,186.14
49.28%
52.00%
53.00%
54.00%
55.00%
56.00%
57.00%
5. Cul es el efecto en el proyecto de un periodo de pago de 90 das.
AO 1
AO 2
Cuentas por pagar
$42,250
$53,235
6.Cul es la cobertura de deuda? Cul es la capacidad de endeudamiento?
AO 2
AO 3
AO 4
AO 5
AO 6
### $ 515,970.00 $ 650,122.20 $ 716,759.73
###
$ 212,940.00 $
268,304.40 $
338,063.54 $
372,715.06 $ 410,918.35
$ 71,253.00 $
89,778.78 $
113,121.26 $
124,716.19 $ 137,499.60
$125,307
$157,887
$198,937
$219,328
$241,810
$42,000
$44,100
$46,305
$48,620
$51,051
$12,600
$13,230
$13,892
$14,586
$15,315
$12,285
$15,479
$19,504
$21,503
$23,707
$58,422
$85,078
$119,237
$134,619
$151,736
$26,667
$26,667
$26,667
$26,667
$26,667
$31,755
$58,411
$92,571
$107,953
$125,070
$8,891
$16,355
$25,920
$30,227
$35,019
$26,667
$26,667
$26,667
$26,667
$26,667
$49,531
$68,723
$93,317
$104,393
$116,717
$0
$0
$0
$0
$0
$109,746
$138,280
$174,233
$192,092
$211,781
159,277
207,003
267,550
296,484
328,498
$102,375
$35,490
$7,371
$35,490
$109,746
$22,646
$128,993
$44,717
$9,287
$44,717
$138,280
$28,534
$162,531
$56,344
$11,702
$56,344
$174,233
$35,953
$179,190
$62,119
$12,902
$62,119
$192,092
$17,859
$197,557
$68,486
$14,224
$68,486
$211,781
$19,689
$400,000
$26,667
$346,667
$400,000
$26,667
$320,000
$400,000
$26,667
$293,333
$400,000
$26,667
$266,667
$400,000
$26,667
$240,000
$351,677
$25,528.91
$45,265
$70,794
$323,085
$28,592.37
$42,201
$70,794
$291,062
$32,023.46
$38,770
$70,794
$255,195
$35,866.27
$34,927
$70,794
$215,025
$40,170.23
$30,623
$70,794
as proyectadas iniciales
AO 2
780
$
525.00
###
$ 212,940.00
$ 71,253.00
$125,307
AO 3
$
$
$
$
936
551.25
515,970.00
268,304.40
89,778.78
$157,887
$
$
$
$
AO 4
AO 5
AO 6
1123
1179
1238
578.81 $
607.75 $
638.14
650,122.20 $ 716,759.73
###
338,063.54 $
372,715.06 $ 410,918.35
113,121.26 $
124,716.19 $ 137,499.60
$198,937
$219,328
$241,810
6.00%
7.00%
(comisin de ventas)
Crecimiento de mercado
4.00%
5.00%
crecimiento
comisiones
52%
o de 90 das.
AO 3
$67,076
de endeudamiento?
AO 4
$84,516
AO 5
$93,179
AO 6
$102,730
AO 7
$113,259
la desviacion estndar del precio es USD 30 Cul es la probabilidad de generar valor? Cul es la p
AO 7
AO 8
AO 9
###
### $ 960,346.04
$ 453,037.48 $ 475,599.94 $
499,379.94 $
$ 151,593.31 $ 159,143.06 $
167,100.21 $
$266,595
$279,872
$293,866
$53,604
$56,284
$59,098
$16,081
$16,885
$17,729
$26,137
$27,438
$28,810
$170,773
$179,265
$188,228
$26,667
$26,667
$26,667
$144,107
$152,598
$161,561
$40,350
$42,727
$45,237
$26,667
$26,667
$26,667
$130,424
$136,537
$142,991
$0
$0
$0
$233,489
$245,117
$257,373
363,912
AO 10
###
524,348.94
175,455.22
$308,559
$62,053
$18,616
$30,251
$197,639
$26,667
$170,972
$47,872
$26,667
$149,767
$0
$270,241
$69,132
$216,193
705,334
381,654
400,363
$217,806
$75,506
$15,682
$75,506
$233,489
$21,708
$228,654
$79,267
$16,463
$79,267
$245,117
$11,628
$240,087
$83,230
$17,286
$83,230
$257,373
$12,256
$252,091
$87,391
$18,151
$87,391
$270,241
$12,869
$400,000
$26,667
$213,333
$400,000
$26,667
$186,667
$400,000
$26,667
$160,000
$400,001
$26,667
$133,334
$170,034
$44,990.65
$25,803
$70,794
$119,645
$50,389.53
$20,404
$70,794
$63,209
$56,436.28
$14,357
$70,794
$0
$63,208.63
$7,585
$70,794
AO 7
AO 8
AO 9
1300
1300
1300
$
670.05 $
703.55 $
738.73 $
###
### $ 960,346.04
$ 453,037.48 $ 475,599.94 $
499,379.94 $
$ 151,593.31 $ 159,143.06 $
167,100.21 $
$266,595
$279,872
$293,866
5.00%
3.00%
AO 8
$118,900
AO 9
$124,845
AO 10
$131,087
AO 10
1300
775.66
###
524,348.94
175,455.22
$308,559
a mayor a 4?
1
AO 0
Cocinas
Precios
Ventas
Costo de Materias Primas
Costo de Mano de Obra Directa
Margen bruto
Gastos Generales
Gastos de Servicios
Costo de ventas
EBITDA
Depreciacin
EBIT
Impuestos
Depreciacion
NOPAT
CAPEX
Inv k de w
Valor de rescate
Recuperacion k w
FCF
$
$
$
$400,000
(400,000)
AO 1
650
500
325,000.00
169,000.00
56,550.00
$99,450
$40,000
$12,000
$9,750
$37,700
$26,667
$11,033
$3,089
$26,667
$34,611
$0
$81,250
(46,639)
$41,709
441,709
11.82%
35,153
13.05%
1.09
9.74
$81,250
$28,167
$0
$28,167
$81,250
$81,250
$400,000
$400,000
$400,000
$26,667
$373,333
$200,000
$188,603
Amortizacion
Intereses
Cuota
$11,396.83
$24,000
$35,397
Activos operativos
Pasivo
Patrimonio
$400,000
$200,000
$200,000
ROI
ROIC
CFROI
Economic Profit
EVA
$454,583
$188,603
$265,980
9.0%
7.6%
10.1%
$19,121
$19,121
11.82%
35,152.81
13.05%
1.09
9.74
35,152.81
96,852.55
70,419.91
43,987.27
17,554.63
-8,878.01
-35,310.65
Costo MOD
15.50%
16.50%
17.50%
18.50%
19.50%
20.50%
35,152.81
96,852.55
70,419.91
43,987.27
17,554.63
-8,878.01
-35,310.65
Costos de MP
Costos de MOD
52%
17.5%
Comisin de ventas
35,152.8
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
16%
18,632.64
6,474.23
-5,684.17
-17,842.58
-30,000.99
-42,159.40
Comisin de ventas
Crecimiento Aos 2
18%
44,036.81
31,359.48
18,682.16
6,004.83
-6,672.50
-19,349.83
Crecimiento del ao
35,152.8
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
3%
52,137.72
39,298.34
26,458.97
13,619.60
780.23
-12,059.15
4%
61,175.28
48,149.58
35,123.88
22,098.18
9,072.47
-3,953.23
35,152.81
96,852.55
70,419.91
43,987.27
-8,878.01
-35,310.65
0.00%
15.11%
14.23%
13.34%
11.82%
11.51%
10.58%
35,152.81
43,987.27
62,151.61
13.05%
13.34%
14.03%
AO 2
AO 3
AO 4
AO 5
AO 6
780
936
1123
1179
1238
525
551.25
578.8125
607.753125 638.14078125
### $ 515,970.00 $ 650,122.20 $ 716,759.73
###
$ 212,940.00 $
268,304.40 $
338,063.54 $
372,715.06 $ 410,918.35
$ 71,253.00 $
89,778.78 $
113,121.26 $
124,716.19 $ 137,499.60
$125,307
$157,887
$198,937
$219,328
$241,810
$42,000
$44,100
$46,305
$48,620
$51,051
$12,600
$13,230
$13,892
$14,586
$15,315
$12,285
$15,479
$19,504
$21,503
$23,707
$58,422
$85,078
$119,237
$134,619
$151,736
$26,667
$26,667
$26,667
$26,667
$26,667
$31,755
$58,411
$92,571
$107,953
$125,070
$8,891
$16,355
$25,920
$30,227
$35,019
$26,667
$26,667
$26,667
$26,667
$26,667
$49,531
$68,723
$93,317
$104,393
$116,717
$0
$0
$0
$0
$0
$21,125
$26,618
$33,538
$16,659
$18,367
28,406
42,105
59,779
87,733
98,350
$22,718
418,992
$30,115
388,877
$38,236
350,641
$50,184
300,457
$50,310
250,147
$102,375
$35,490
$0
$35,490
$102,375
$21,125
$128,993
$44,717
$0
$44,717
$128,993
$26,618
$162,531
$56,344
$0
$56,344
$162,531
$33,538
$179,190
$62,119
$0
$62,119
$179,190
$16,659
$197,557
$68,486
$0
$68,486
$197,557
$18,367
$400,000
$26,667
$346,667
$400,000
$26,667
$320,000
$400,000
$26,667
$293,333
$400,000
$26,667
$266,667
$400,000
$26,667
$240,000
$175,839
$161,543
$145,531
$127,598
$107,513
$12,764.45
$22,632
$35,397
$14,296.19
$21,101
$35,397
$16,011.73
$19,385
$35,397
$17,933.14
$17,464
$35,397
$20,085.11
$15,312
$35,397
$449,042
$175,839
$273,203
$448,993
$161,543
$287,450
$455,864
$145,531
$310,333
$445,857
$127,598
$318,259
$437,557
$107,513
$330,044
13.8%
11.0%
16.9%
$3,546
$3,546
20.6%
15.3%
26.6%
$15,652
$15,652
30.4%
20.5%
40.6%
$39,434
$39,434
37.3%
23.4%
50.5%
$51,692
$51,692
46.1%
26.7%
63.2%
$64,997
$64,997
royectadas iniciales
13.05%
15.11%
14.23%
13.34%
12.43%
11.51%
10.58%
13.05%
15.11%
14.23%
13.34%
12.43%
11.51%
10.58%
misin de ventas)
Ventas iniciales
35,397
550
600
650
700
750
800
Crecimiento 4 p
16%
-93,794
-49,832
-5,684
38,278
82,239
126,387
18%
-73,104
-27,211
18,682
64,575
110,655
156,548
Cocina
Crecimiento
Crecimiento Aos 2, 3 y 4
20%
22%
70,419.91
97,594.10
57,203.59
83,822.61
43,987.27
70,051.13
30,770.95
56,279.65
17,554.63
42,508.16
4,338.31
28,736.68
24%
125,759.43
111,412.46
97,065.50
82,718.53
68,371.56
54,024.60
26%
154,534.10
139,599.26
124,664.42
109,729.58
94,794.73
79,859.89
Crecimiento del ao 5 al 10
5%
6%
70,419.91
79,871.62
57,203.59
66,460.39
43,987.27
53,049.16
30,770.95
39,637.93
17,554.63
26,226.70
4,338.31
12,815.47
7%
89,336.43
75,730.03
62,123.63
48,517.23
34,910.83
21,304.43
8%
99,008.32
85,202.46
71,396.59
57,590.73
43,784.86
29,979.00
ne en equilibrio este
ndeudamiento?
1.09
1.11
1.16
esviacion estndar del precio es USD 30 Cul es la probabilidad de generar valor? Cul es la prob
10
AO 7
AO 8
AO 9
AO 10
1300
1300
1300
1300
670.04782031 703.55021133 738.7277218945 775.6641079893
###
### $ 960,346.04
###
$ 453,037.48 $ 475,599.94 $
499,379.94 $
524,348.94
$ 151,593.31 $ 159,143.06 $
167,100.21 $
175,455.22
$266,595
$279,872
$293,866
$308,559
$53,604
$56,284
$59,098
$62,053
$16,081
$16,885
$17,729
$18,616
$26,137
$27,438
$28,810
$30,251
$170,773
$179,265
$188,228
$197,639
$26,667
$26,667
$26,667
$26,667
$144,107
$152,598
$161,561
$170,972
$40,350
$42,727
$45,237
$47,872
$26,667
$26,667
$26,667
$26,667
$130,424
$136,537
$142,991
$149,767
$0
$0
$0
$0
$20,250
$10,847
$11,433
$12,004
$74,215
$201,673
110,174
125,690
131,558
413,650
$50,401
199,745
$51,421
148,324
$48,133
100,191
$135,344
266,902
$217,806
$75,506
$0
$75,506
$217,806
$20,250
$228,654
$79,267
$0
$79,267
$228,654
$10,847
$240,087
$83,230
$0
$83,230
$240,087
$11,433
$252,091
$87,391
$0
$87,391
$252,091
$12,004
$400,000
$26,667
$213,333
$400,000
$26,667
$186,667
$400,000
$26,667
$160,000
$400,001
$26,667
$133,334
$85,017
$59,822
$31,604
$0
$22,495.33
$12,902
$35,397
$25,194.77
$10,202
$35,397
$28,218.14
$7,179
$35,397
$31,604.32
$3,793
$35,397
$431,140
$85,017
$346,123
$415,320
$59,822
$355,498
$400,087
$31,604
$368,482
$385,425
$0
$385,425
57.5%
30.3%
80.1%
$79,463
$79,463
68.3%
32.9%
96.0%
$87,446
$87,446
82.5%
35.7%
117.6%
$95,700
$95,700
102.1%
38.9%
148.2%
$104,210
$104,210
650 Unidades
20% Prox. 3 aos
24%
-6,851
45,014
97,065
148,931
200,797
252,848
26%
16,644
70,561
124,664
178,767
232,870
286,973