Company Logo

• Team members Name 1• Team members Name 2• Team members Name 3• Team members Name 4• Team members Name 5• Team members Name 6

Team Name

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Content• Right Business

1. Core Business2. Competitive Advantage3. Business Risk4. Growth Drivers

• Right Management1. Board of Director Profile2. Remuneration3. Shareholders Statistic

• Right Valuation1. Numbers2. Valuation

Core Businesses

• Company Profile– Incorporation Date, Listing Date, Market Cap, No of

Employees, Type (Fast Grower/ Asset Play etc)

• Describe the Various Segments

Competitive Advantage

• Describe the Most Applicable Advantages– Real Difference– Perceived Difference– Lowest Cost Producer– Lock In Customers– Lock Out Competitors– Network Effect

Business Risk

• Describe 3 Most Critical Risks

Growth Drivers• Sell More• Sell New• Raise Price• Expand

– Organic (More stores/ Point of Sales etc)– Inorganic (Merger & Acquisition)

Executive Director Profile

• Top 2 Executive Director.– Chief Executive Officer– Chief Operating Officer– Chief Investment Officer– Executive Chairman– Managing Director

Remuneration

Board Salary % of Profits

Name Fixed Pay

Bonus Others Total

Shareholders Statistic

Name Percentage Remarks

Profit & Loss

Year 1 Year 2 Year 3 Year 4 Year 50

2

4

6

8

10

12

Profit and Loss

Revenue (Sales, Turnover) COGS (Operating Expense) Net Profits After Tax (NPAT)

Balance Sheet

Year 1 Year 2 Year 3 Year 4 Year 50

2

4

6

8

10

12

Balance Sheet

Cash and Cash Equivalents Total Borrowings (Debts) Equity (Shareholder's funds)

Cash Flow

Year 1 Year 2 Year 3 Year 4 Year 50

1

1

0 0 0 0 0

Cash Flow

Free Cash Flow Capital ExpenditureOperating Cash Flow (Cash from Operating Activities)

Year 1 Year 2 Year 3 Year 4 Year 50%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0% 0% 0% 0% 0%

0.00% 0.00% 0.00% 0.00% 0.00%

Dividends

Dividend Payout Ratio Dividend Yield (%)

Dividends

• Dividend Policy (If any)

Profitability

Year 1 Year 2 Year 3 Year 4 Year 50.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

100.0%

0.0% 0.0% 0.0% 0.0% 0.0%0.0% 0.0% 0.0% 0.0% 0.0%0.0% 0.0% 0.0% 0.0% 0.0%

Profitability

Gross Profit Margins (%) Net Profit Margins (%) Return On Equity (%)

Liquidity Ratios

Year 1 Year 2 Year 3 Year 4 Year 50.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1.0

0.0 0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0 0.00.00 0.00 0.00 0.00 0.00

Liquidity Ratios

Cash Ratio Current Ratio Debt/Equity (Gearing)

Activity Ratios

Year 1 Year 2 Year 3 Year 4 Year 50

1

1

0 0 0 0 00 0 0 0 00 0 0 0 00 0 0 0 0

Activity Ratios

Stock Turnover (Days) Debtors (Days) Creditors (Days) Cash Conversion Cycle

Step Criteria Target Company Green – PassRed - Fail

1 Revenue growth 2 digital growth (if not from 1 to 2 digital growth)

10.2%

2 Net Profit Margin > 10% 5%

3 Return on Equity (ROE) = or > 15% 50%

4 Debt to Equity Ratio 0 (ideal) if not 0.5 the most 0.41

5 Current Ratio 2 (ideal) or at least 1.5 0.80

6 Cash Ratio 1 (ideal) if not min. 0.5 0.30

7 Price to Earning Ratio (PE) < 10 25.3

8 Price to Book or Price/NAV

less than 0.65 for Asset Play only

0.10

9 Intrinsic Value Pass Step 1 to 8 $3.91 / $5.33

10 Margin of Safety 50% -131% / -69%

10 Steps Criteria

Valuation

Discounted Earnings ModelGrowth Rate 5% Risk Free Rate 4% EPS #DIV/0!

Yr 1 2 3 4 5 6 7 8 9 10Earnings #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Discount Rate 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676Discounted Earnings#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!Cumulative Earnings#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Margin of Safety (%)

Intrinsic Value (IV)

Current Share Price

#DIV/0!

$0.00

#DIV/0!

Summary

• Summary of Business Model• Summary of Management• Summary of Industry

Opinion

• What is the group’s valuation?• If the group is getting this company why? If

not, why?