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A Go to EDGAR and collect financial statement for Tesla, Inc. for last 5 years. Then do the following: 1. Restate Tesla's balance sheet
A Go to EDGAR and collect financial statement for Tesla, Inc. for last 5 years. Then do the following: 1. Restate Tesla's balance sheet to show the enterprise value using book value of equity. 2. Restate Tesla's balance sheet to show the enterprise value using market value of equity. Use the year-end price of Tesla (31st December, 2023) 3. Use DCF approach to compute Free Cash Flow from Tesla's consolidated statement of cash flows. Using the year-end price of Tesla and the following data, compute price per share. Growth rate of FCF, years 1-5 Long-term FCF growth rate Weighted average cost of capital, WACC 0 Assume other appropriate rates as needed. 1 12 13 4. Use Tesla's data to compute WACC using the following method: 14 15 16 WACC (using historical cost of debt and Gordon Dividend model) WACC (using historical cost of debt and CAPM/SML) 17 18 19 WACC (using historical cost of debt and tax-adjusted CAPM/SML) WACC (using yield curve cost of debt and Gordon Dividend model) WACC (using yield curve cost of debt and CAPM/SML) 20 WACC (using yield curve cost of debt and tax-adjusted CAPM/SML) 21 22 Consider risk-free rate = 5%. For yield curve, consider cost of debt = 11%. 23 24 5. Calculate share price for Tesla, Inc. using pro-forma financial analysis. Use cash and marketable securities as the plug variable for your analysis. For Sales growth, use year-on-year growth. For all other growth, use only 25 2023 (the most recent) data. Assume appropriate rates as needed. 10 5 145
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