Net Sales (million, usd) Net Income Depreciation And After Taxes Amortization (million, usd) (million, usd) Accounts Receivable (million, usd) Accounts Total Payable Inventory (million, usd) (million, usd) 4725.42 798.24 7.98 549.53 804.68 913.00 LONGi Green Energy Technology Co Ltd Semiconductor Manufacturing International Corp 3115.67 158.86 5.02 485.06 894.46 628.89 Changes in Working Capital Common Shares Outstanding Total Liabilities (million, usd) Total Liabilities And Shareholders' Total Equity (million, usd) Capital Expenditures (million, usd) -398.22 3772.02 4549.85 8518.48 3968.63 -386.34 LONGi Green Energy Technology Co Ltd Semiconductor Manufacturing International Corp -162.17 5056.87 10204.58 16437.82 6233.25 -1880.84 Price Close (usd) Historic P/E Earnings Per Share Beta Cost of Revenue (Cost of Goods 3411.72 After tax Cost of Debt, (%) 10.20 1.41 1.8% 0.34 16.89 LONGi Green Energy Technology Co Ltd Semiconductor Manufacturing International Corp Other Information tax rate 2473.21 3 0.80 2.1% 0.07 35.39 + Beta Long-term growth rate Risk free rate Market risk premium Part II: Valuation (13 MARKS) a) Using the data provided in the Exam-data file, calculate the enterprise value of Longi Green Energy Technology Co Ltd (Longi, for short) and its share price. (Show all your workings including WACC, FCFF, Firm Value and Price calculations in the designated space). WACC: (3 marks) Click here to enter text. FCFF:- (2 marks) Click here to enter text Enterprise Value & Value of the Firm's Equity: Click here to enter text (2 marks) Price: (1 mark) Click here to enter text. Net Sales (million, usd) Net Income Depreciation And After Taxes Amortization (million, usd) (million, usd) Accounts Receivable (million, usd) Accounts Total Payable Inventory (million, usd) (million, usd) 4725.42 798.24 7.98 549.53 804.68 913.00 LONGi Green Energy Technology Co Ltd Semiconductor Manufacturing International Corp 3115.67 158.86 5.02 485.06 894.46 628.89 Changes in Working Capital Common Shares Outstanding Total Liabilities (million, usd) Total Liabilities And Shareholders' Total Equity (million, usd) Capital Expenditures (million, usd) -398.22 3772.02 4549.85 8518.48 3968.63 -386.34 LONGi Green Energy Technology Co Ltd Semiconductor Manufacturing International Corp -162.17 5056.87 10204.58 16437.82 6233.25 -1880.84 Price Close (usd) Historic P/E Earnings Per Share Beta Cost of Revenue (Cost of Goods 3411.72 After tax Cost of Debt, (%) 10.20 1.41 1.8% 0.34 16.89 LONGi Green Energy Technology Co Ltd Semiconductor Manufacturing International Corp Other Information tax rate 2473.21 3 0.80 2.1% 0.07 35.39 + Beta Long-term growth rate Risk free rate Market risk premium Part II: Valuation (13 MARKS) a) Using the data provided in the Exam-data file, calculate the enterprise value of Longi Green Energy Technology Co Ltd (Longi, for short) and its share price. (Show all your workings including WACC, FCFF, Firm Value and Price calculations in the designated space). WACC: (3 marks) Click here to enter text. FCFF:- (2 marks) Click here to enter text Enterprise Value & Value of the Firm's Equity: Click here to enter text (2 marks) Price: (1 mark) Click here to enter text
