Forecast the sales in 2024.

Estimate Sales Growth rate: uses the last 2 years growth rate by default

Project the 2024 balance sheet and the 2024 income statement by the percent of sales method.

Use the projected data in the 2023 balance sheet and the 2024 income statement to calculate the FCF in 2024.

Income Statement
PERIOD ENDING		31-Jan-23	31-Jan-22	31-Jan-21
Total Revenue		109,120,000	106,005,000	93,561,000
Cost of Revenue		82,229,000	74,963,000	66,177,000
Gross Profit		26,891,000	27,384,000	27,384,000
	Depreciation Amortization Depletion	2,385,000	2,344,000	2,230,000
	Selling General and Administrative	20,658,000	19,752,000	18,615,000
	Others	0	0	0
	Total Operating Expenses	23,043,000	22,096,000	20,845,000
	Operating Income	3,848,000	5,288,000	6,539,000
Operating Income or Loss		3,914,000.00	9,033,000.00	6,827,000.00
	Total Other Income/Expenses Net	48000	382000	-16,000
	Earnings Before Interest And Taxes	3,900,000	9328000	6011000
	Interest Expense	482,000	421,000	465,000
	Income Before Tax	3,418,000	8,907,000	5,546,000
	Income Tax Expense	638,000.00	1,961,000.00	1,178,000.00
	Minority Interest	0	0	0
	Net Income From Continuing Ops	2,780,000.00	6,946,000.00	4,368,000.00
	Non-recurring Events
	Discontinued Operations	0	0	0
	Extraordinary Items	0	0	0
	Effect Of Accounting Changes	0	0	0
	Other Items	0	0	0
Net Income		2,780,000.00	6,946,000.00	4,368,000.00
Preferred Stock And Other Adjustments		0	0	0
Net Income Applicable To Common Shares		2,780,000.00	6,946,000.00	4,368,000.00
Balance Sheet
PERIOD ENDING		31-Jan-23	31-Jan-22	31-Jan-21
Assets
Current Assets
	Cash And Cash Equivalents	886,000.00	926,000.00	867,000.00
	Short Term Investments	1,343,000.00	4,985,000.00	7,644,000.00
	Net Receivables	1,695,000.00	1,353,000.00	1,135,000.00
	Inventory	13,499,000.00	13,902,000.00	10,653,000.00
	Other Current Assets	423,000.00	407,000.00	457,000.00
Total Current Assets		17,846,000.00	21,573,000.00	20,756,000.00
Equity and Other Investments
Net Property Plant and Equipment		56,800,000.00	51,874,000.00	49,384,000.00
Goodwill		631,000.00	631,000.00	631,000.00
Other Intangible Assets		14,000.00	25,000.00	37,000.00
Accumulated Depreciation		-22,631,000.00	-21,137,000.00	-20,278,000.00
Other Long-Term Assets		447,000.00	605,000.00	638,000.00
Tangible Other Assets		228,000.00	240,000.00	80,000.00
Total Assets		53,335,000.00	53,811,000.00	51,248,000.00
Liabilities
Current Liabilities
	Accounts Payable	11,887,000.00	15,478,000.00	12,859,000.00
	Short/Current Long Term Debt	2,026,000.00	425,000.00	1,828,000.00
	Other Current Liabilities	5,587,000.00	5,844,000.00	5,438,000.00
Total Current Liabilities		19,500,000.00	21,747,000.00	20,125,000.00
Long Term Debt		18,647,000.00	16,042,000.00	13,754,000.00
Deferred Revenues		449,000.00	479,000.00	509,000.00
Deferred Taxes Liabilities		2,196,000.00	1,566,000.00	990,000.00
Provision for Risks & Charges		37,000.00	45,000.00	57,000.00
Other Non-Current Liabilities		1,274,000.00	1,105,000.00	1,373,000.00
Total Liabilities		42,103,000.00	40,984,000.00	36,808,000.00
Stockholders' Equity
Common Stock		38,000.00	39,000.00	42,000.00
Retained Earnings		5,005,000.00	6,920,000.00	8,825,000.00
Accumulated other comprehensive income		6,189,000.00	5,868,000.00	5,573,000.00
Adjustment for stockholders' Equity		0	0	0
Total Stockholder Equity		11,232,000.00	12,827,000.00	14,440,000.00