terminal period growth rate for three model inputs Sales NOPAT, and NOA Estimating Share Value using the RPT Model Following are the income statement and balance sheet for Texas Roadhouse for the year ended December 29, 2015 Assume the following forecast for TXH S Sales NOPAT, and NOA for 2016 through 2019. Forecast the termina period was assuming a Round your answers to the nearest dollar. Free Here 5 thousands 2015 2016 2017 2018 2019 51.807 358 52.078, 82124 2581 2.87.15 102,435 170,05 00 221.60 22614 562.502 761.504 061896528102 a. Estimate the value of a share of common stock using the residual operating income ROP models of December 29, 2015 assume a discount rate (WACC) of common shares outstanding of 70,001 thousand, net nonoperating obligations (NNO) of 14,680 thousand, and noncontrolling interest from the balance sheet of 7,50 thousand. Note that NNO is negative because the company's cash seeds its roncperating the Rounding instructions: Use rounded answers for subsequent computations Round answers to the nearest Whole number unless otherwise noted Round discount factor to decimal places and stock prke per share to be decimal places Do not use negative signs with any of your answers below. 2015 2016 2017 b dosed 142.13 on February 26, 2016, the date the form 10-K was fied with the SEC How does your valuation estimate compare with this closing price? Stock prices are a function of many factors. It is impossible to speculate on the reasons for the difference. Our stock price estimate is higher than the market price, indicating that we believe that the stock is scheundervalued Stock prices are a function of expected NOT and NOA, as well as the WACC discount Our her stock price estimate might be due to more optimistic forecasts or a lower discount rate compared to other investors and analysts model assumptions Our stock pricem ate is higher than the market price, indicating that we believe that the stock isichtly undervalued. Stock prices are a function of expected NOT and NOA, as well as the WACC discount mateicht be due to more pessic forecasts or a higher discount rate compared to other investors and model asumpons My Subscription SI V OSI EROTICI Following are the income statement and balance sheet for Texas Roadhouse for the year ended December 29, 2015. Assume the following forecasts for TXRH's sales, NOPAT, and NOA for 2016 through 2019. Forecast the terminal period values assuming a 1% terminal period growth rate for all three model inputs: Sales NOP Round your answers to the nearest dollar. Reported Forecast Horigo Terminal S thousands 2015 2016 2017 2018 2019 Sales 31,807 368 52.078,473 12,190,244 32.581464 $2,787,081 $ NOPAT 102,495 170.435 196.000 221,680 228,614 662,502 701,904876180246.284 1,021,987 NOA a. Estimate the value of a share of TXRH common stock using the residual operating income (ROPI) model as of December 29, 2015 assume a discount rate (WACC) of 7%, common shares outstanding of 70,091 nonoperating obligations (NNO) of $(14.680) thousand, and noncontrolling interest (CI) from the balance sheet of $7.520 thousand. Note that NNO is negative because the company's cash exceeds its nonoper Rounding instructions: Use rounded answers for subsequent computations Round answers to the nearest whole number unless otherwise noted. Round discount factor to 5 decimal places and stock price per share to two decimal places Do not use negative signs with any of your answers below. TXRH Reported S thousands 2015 2016 2017 2018 ROPIINOPATINOADwi S S Discount factor (1 S u nding thousands b. TXH closed at $42.13 on February 26, 2016 the date the Form 10.K was fled with the SEC. How does your valuation estimate compare with this closing price? Stock prices are a function of many factors. It is impossible to speculate on the reasons for the difference Our stock price estimate is higher than the TRH market price indicating that we believe that the stock is slightly undervalued. Stock prices are a function of expected NOT and NOA, as well as the WACC discount Our higher stock price estimate might be due to more optimistic forecasts or a lower discount rate compared to other investors and analysts' model assumptions Our stock price estimate is higher than the TXR market price indicating that we believe that the stock is slightly undervalued. Stock prices are a function of expected NOPAT and NOA, as well as the WACC .count Our higher stock price estimate might be due to more pessimistic forecasts or a higher discount rate compared to other investors and analysts' model assumptions Trortho L . terminal period growth rate for three model inputs Sales NOPAT, and NOA Estimating Share Value using the RPT Model Following are the income statement and balance sheet for Texas Roadhouse for the year ended December 29, 2015 Assume the following forecast for TXH S Sales NOPAT, and NOA for 2016 through 2019. Forecast the termina period was assuming a Round your answers to the nearest dollar. Free Here 5 thousands 2015 2016 2017 2018 2019 51.807 358 52.078, 82124 2581 2.87.15 102,435 170,05 00 221.60 22614 562.502 761.504 061896528102 a. Estimate the value of a share of common stock using the residual operating income ROP models of December 29, 2015 assume a discount rate (WACC) of common shares outstanding of 70,001 thousand, net nonoperating obligations (NNO) of 14,680 thousand, and noncontrolling interest from the balance sheet of 7,50 thousand. Note that NNO is negative because the company's cash seeds its roncperating the Rounding instructions: Use rounded answers for subsequent computations Round answers to the nearest Whole number unless otherwise noted Round discount factor to decimal places and stock prke per share to be decimal places Do not use negative signs with any of your answers below. 2015 2016 2017 b dosed 142.13 on February 26, 2016, the date the form 10-K was fied with the SEC How does your valuation estimate compare with this closing price? Stock prices are a function of many factors. It is impossible to speculate on the reasons for the difference. Our stock price estimate is higher than the market price, indicating that we believe that the stock is scheundervalued Stock prices are a function of expected NOT and NOA, as well as the WACC discount Our her stock price estimate might be due to more optimistic forecasts or a lower discount rate compared to other investors and analysts model assumptions Our stock pricem ate is higher than the market price, indicating that we believe that the stock isichtly undervalued. Stock prices are a function of expected NOT and NOA, as well as the WACC discount mateicht be due to more pessic forecasts or a higher discount rate compared to other investors and model asumpons My Subscription SI V OSI EROTICI Following are the income statement and balance sheet for Texas Roadhouse for the year ended December 29, 2015. Assume the following forecasts for TXRH's sales, NOPAT, and NOA for 2016 through 2019. Forecast the terminal period values assuming a 1% terminal period growth rate for all three model inputs: Sales NOP Round your answers to the nearest dollar. Reported Forecast Horigo Terminal S thousands 2015 2016 2017 2018 2019 Sales 31,807 368 52.078,473 12,190,244 32.581464 $2,787,081 $ NOPAT 102,495 170.435 196.000 221,680 228,614 662,502 701,904876180246.284 1,021,987 NOA a. Estimate the value of a share of TXRH common stock using the residual operating income (ROPI) model as of December 29, 2015 assume a discount rate (WACC) of 7%, common shares outstanding of 70,091 nonoperating obligations (NNO) of $(14.680) thousand, and noncontrolling interest (CI) from the balance sheet of $7.520 thousand. Note that NNO is negative because the company's cash exceeds its nonoper Rounding instructions: Use rounded answers for subsequent computations Round answers to the nearest whole number unless otherwise noted. Round discount factor to 5 decimal places and stock price per share to two decimal places Do not use negative signs with any of your answers below. TXRH Reported S thousands 2015 2016 2017 2018 ROPIINOPATINOADwi S S Discount factor (1 S u nding thousands b. TXH closed at $42.13 on February 26, 2016 the date the Form 10.K was fled with the SEC. How does your valuation estimate compare with this closing price? Stock prices are a function of many factors. It is impossible to speculate on the reasons for the difference Our stock price estimate is higher than the TRH market price indicating that we believe that the stock is slightly undervalued. Stock prices are a function of expected NOT and NOA, as well as the WACC discount Our higher stock price estimate might be due to more optimistic forecasts or a lower discount rate compared to other investors and analysts' model assumptions Our stock price estimate is higher than the TXR market price indicating that we believe that the stock is slightly undervalued. Stock prices are a function of expected NOPAT and NOA, as well as the WACC .count Our higher stock price estimate might be due to more pessimistic forecasts or a higher discount rate compared to other investors and analysts' model assumptions Trortho L