Financial UAS Flashcards
Retention Ratio
1 - % cash dividen sepertinya
Sustainable Sales Growth rate
Net income/Cbeg x RR
Ni/Change in equity X RR
NI/NS X NS/TA X TA/CBEG X RR
AFN (Additional Fund Needed)
TA/NS (<>NS) X AP + AL/NS (<>NS) X (NS1) NI/NS (RR)
Terminal Value
CFn/ r-g
Present value
datanya ditambah semua terus penyebutnya (1+r)^t yang t nya disesuaiin sama yearnya.
diakhir tahun akan ditambah sama expected value/r-g
untuk cari %ownership di soal yang ada present valuenya itu
langkah 1:
cari owner equitynya = investmentnya berapa + hasil present value
langkah 2:
%ownership = investment/owner equity
IRR
IRR + 1 = X
IRR = X - 1
tamabahkan semua data dengan dibagi (1+IRR)^t dan nantinya akan dirubah jadi X
Net present value
kalo ada data gitu nanti cashflownya/ (1 + r )^t hasilnya dijumlah dan investment - hasil
IRR SOAL CERITA
pembaginya tetap (1+IRR) tidak usah dijadikan x dan menggunakan rumus abc
annualized return
(terminal value/venture capital)^1/t - 1
%ownership multiple rounds
Ix (1 + r)^t / p/e x e
tiap pindah rounds t dikurang 1 yaa
Founders remaining (multiple rounds)
1 - setiap rounds
how many shares will be issued (multiple rounds)
Langkah 1
1. Total share after financing = m/founder’s remaining
2. shares will be issued = after financing x hasil %ownership tiap round
share price (multiple rounds)
investment/share issued
incentive share gmn klo muncul
ulang di founders remainging dan kurang berapa %nya
