Company Valuation Exercise
WhiteHot Technology, Inc.
    Prepared as of: 17-Apr-16      
Projections            
Year 1 Year 2 Year 3 Year 4 Year 5
Revenue Total
EBIT Summary
Total Revenue
Costs of good sold
Costs of services
Sales, General, and Admin. Expenses
EBIT
Cash Flow Summary
EBIT
Depreciation
Capital Expenditures Total Cash Flows
Net Cash Flow
Determine Discount Rate            
VC desired multiple of return over 5 years 3 5 7 10
(yields this implied discount rate)
25% 38% 48% 58%
Terminal value methods            
Revenue multiple method     Discount Rate
Future Value
Comparables  Name  Value Revenue multiple As of Date
 Company(1) 
 Company(2) 
Earnings multiple method     Discount Rate
  Future Value  
Comparables  5-year low P/E  5-year high P/E
S&P 500
Discounted cash flow method     Discount Rate
Discounted value of 5-year cash flows  
EBIT
Multiplier
Present value of residual value low  
medium
high
DCF + Residual value            
low
medium
high
Initial estimate of value