Professional Documents
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Marazzi spa
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Ricavi 964,065 1,022,000 1,073,100 1,116,000 1,145,150 1,168,054 1,172,000 1,195,400 1,219,300 1,243,700
Ebit 117,678 128,678 131,700 133,923 137,418 142,503 143,000 145,840 148,800 151,730
Tax rate 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
Imposte 47,071 51,471 52,680 53,569 54,967 57,001 57,200 58,336 59,520 60,692
Ammortamenti 55,057 55,000 55,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000
Accantonamenti 6,026 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 0
Variaz. CCN -40,295 -9,000 -8,000 -8,000 -8,000 -8,000 -8,000 -8,000 -8,000 -8,000
Investimenti -50,000 -35,000 -35,000 -35,000 -35,000 -35,000 -35,000 -35,000 -35,000 -35,000
Free Cash Flow 41,395 91,707 94,520 85,854 87,951 91,002 91,300 93,004 94,780 93,038
Anno 1 2 3 4 5 6 7 8 9 10
Discount 1.0776 1.1613 1.2515 1.3486 1.4534 1.5662 1.6878 1.8189 1.9601 2.1123
D. F. cash Flow 38,412 78,968 75,527 63,659 60,515 58,103 54,094 51,133 48,355 44,047
Somma dfcf 38,412 117,381 192,907 256,566 317,082 375,185 429,279 480,413 528,768 572,815
Somma dfcf 572,815 Capitalizz. 1,297,737,505 1,297,737,505 1,297,737,505 Indici 2006 2007 2008
PFN 203,214 az. ord. 102,232,000 102,232,000 102,232,000 Ev 1,501,149,505 1,492,737,505 1,467,737,505
Surplus assets 0.00 PFN negativa 203,412,000 195,000,000 170,000,000 ev/sales 1.56 1.46 1.37
Valore per azione 12.694 Mol – ebitda 179,570,000 193,570,000 203,352,000 ROI 16.62% 17.40% 17.47%
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