Question
Starbucks Corporation Reported Horizon Period Terminal Period Fiscal Year 2017 2018 2019 2020 2021 2022 Sales (Rounded) $22,386,800 $23,058,404 $23,750,156 $24,462,660 $25,196,540 $25,952,436 Forecasted Growth
Starbucks Corporation | Reported | Horizon Period | Terminal Period | |||
Fiscal Year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
Sales (Rounded) | $22,386,800 | $23,058,404 | $23,750,156 | $24,462,660 | $25,196,540 | $25,952,436 |
Forecasted Growth Rate | 3.0% | |||||
Sales (Rounded) | $22,386,800 | $23,058,404 | $23,750,156 | $24,462,660 | $25,196,540 | $25,952,436 |
NOPAT | $3,302,651 | $3,228,176 | $3,325,021 | $3,424,772 | $3,527,515 | $3,633,341 |
NOA | $6,698,700 | $6,903,713 | $7,110,825 | $7,324,149 | $7,543,874 | $7,770,190 |
?NOA | $205,013 | $207,112 | $213,324 | $219,725 | $226,316 | |
Free Cash Flows (FCFF) | $3,023,163 | $3,117,909 | $3,211,448 | $3,307,790 | $3,407,025 | |
Discount Factor | 0.91066 | 0.82930 | 0.75522 | 0.68775 | ||
PV of Horizon FCFF | $2,753,073 | $2,585,681 | $2,425,349 | $2,274,932 | ||
Total PV of Horizon FCFF | $10,039,037 | |||||
PV of Terminal FCFF | $23,885,742 | |||||
Total Firm Value | $33,924,779 | |||||
Less: NNO | $ X | |||||
Less: NCI | $ X | |||||
Firm Equity Value | $ X | |||||
Number of Shares Outstanding | 1,422,800,000 | |||||
Stock Value Per Share | $ X |
I am trying to calculate NNO and NCI using the Starbuck's 2017 Balance Sheet/Income Statement? I am having trouble determining which is operating and non-operating Can you help me?
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