14%

Year
EPS
Capx per share
Depriciation per share
Change in WC per share
FCFE
Terminal price
Net cash flow
Total PV

Revenue
WC
Change in WC
Change in WC per share

2012
0
6.02
-0.60
0.2857

2013
2014
2015
1
2
3
6.8628
7.823592 8.91889488
-0.62
-0.63
-0.65
0.2931282 0.30074953 0.30856902
-0.41
-0.43
-0.46
6.13147106 7.05934736 8.12004467
5.42608058 5.52850447 5.62759828

158.793456
2012
106
53

2013
2014
2015
112.36
119.1016 126.247696
56.18
59.5508 63.123848
3.18
3.3708
3.573048
0.45428571 0.48154286 0.51043543

7%

No need to calculate ca

2016
2017
2018
4
5
6
10.1675402 11.5909958 12.4023655
-0.66
-0.68
0.31659182 0.3248232
-0.49
-0.52
-0.36
9.33230052 10.7174834 12.0376034
240.752069
5.72367468 136.487598

2016
133.822558
66.9112789
3.78743088
0.54106155

2017
141.851911
70.9259556
4.01467673
0.57352525

2018
147.525988
73.7629938
2.83703822
0.40529117

Terminal Value

6%
4%
7
debt ratio
Rf
Rm-Rf
Beta
Ke
50%

FCFE/ke-g

need to calculate capx and depreiciation it would be nil, if it is not given in the ques for stable growt

90%
7%
5%
1
12.0000%

1.2
13.00%

ues for stable growth period.