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Can you please help with the formulas used in the highlighted boxes. This is from the Mary washington case. Key intputs Cost of capital Constant
Can you please help with the formulas used in the highlighted boxes. This is from the Mary washington case.
Key intputs Cost of capital Constant growth rate ( LT expected inflation rate) Number of physicians at Mary Washionton Pediatrics Multiples of the internal medicine practice: Value-to-revenue ratio Value-to-EBYT ratio Value-to-phy sician Enterprise value estimation NOPAT Change in net working capital 3.6 Change in net equipment Free cash flow Terminal value: constant growth Terminal value: no growth Terminal value: value-to-revenue ratio Terminal value: value-to-EBLT ratio Estimated terminal value Estimated present value of FCF Estimated present value of terminal value Estimated enterprise value Implied value-to-revenue ratio Implied value-to-EBIT ratio Implied value-to-phy sician Valuation (in thousands of US dollars) thousand per physicican 2016 707.1 2017 114.2 (43 _ S) 48.8 109.2 2018 121.0 (57.9) 40.0 138.9 2019 1285 (37.7) 40.0 126.2 Forecast 2020 136.0 20.0 110.6 2021 163.2 23.1 1365 2022 182.2 3.7 (14.0) 192.5 2023 186.3 3.8 202.1 2,735.4 thousand per physicican
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