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    Fiscal Year Ending December 31 2020 2019 2018 2017 2016

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    Wasif Hossain
    The documents provide financial statements for DigaMem for the fiscal years 2016 through 2020, showing declines in total assets, net income, and cash flows over that period as net sales, gross profit, and EBITDA also decreased year-over-year according to the balance sheet, income statement, and cash flow statement.

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    Fiscal Year Ending December 31 2020 2019 2018 2017 2016

    Uploaded by

    Wasif Hossain
    14 views22 pages
    The documents provide financial statements for DigaMem for the fiscal years 2016 through 2020, showing declines in total assets, net income, and cash flows over that period as net sales, gross profit, and EBITDA also decreased year-over-year according to the balance sheet, income statement, and cash flow statement.

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    The documents provide financial statements for DigaMem for the fiscal years 2016 through 2020, showing declines in total assets, net income, and cash flows over that period as net sales, gross profit, and EBITDA also decreased year-over-year according to the balance sheet, income statement, and cash flow statement.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    14 views22 pages

    Fiscal Year Ending December 31 2020 2019 2018 2017 2016

    Uploaded by

    Wasif Hossain
    The documents provide financial statements for DigaMem for the fiscal years 2016 through 2020, showing declines in total assets, net income, and cash flows over that period as net sales, gross profit, and EBITDA also decreased year-over-year according to the balance sheet, income statement, and cash flow statement.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 22

    DigaMem's

    Balance Sheet
    Annual Assets (000s)
    Fiscal Year Ending December 31 2020 2019 2018 2017 2016
    Cash 9,728 4,998 9,869 284 26,474
    Receivables 7,480 10,697 4,082 5,663 3,723
    Inventories 11,227 11,533 8,721 17,598 23,706
    Other current assets 369 930 10,056 204 60
    Total Current assets 28804 28158 32728 23749 53963
    Prop., Plant and Equip. 12,604 13,661 15,974 19,893 21,881
    Intangibles 7,372 8,039 8,690 5,186 4,392
    Deposits and other assets 0 34 33 1,210 2,598
    Total Assets 48,780 49,892 57,425 50,038 82,834

    Annual Liabilities (000s)


    Fiscal Year Ending December 31 2020 2019 2018 2017 2016
    Accounts Payable 4,739 3,129 5,257 9,627 15,529
    Accrued Expenses 3,063 2,849 2,742 10,273 5,399
    Other Current Liabs. 13,433 3,084 4,789 32,208 917
    Total Current Liabs. 21,235 9,062 12,788 52,108 21,845
    Other Long term Liabs. 0 5,845 6,211 0 31,978
    Total Liabilities 21,235 14,907 18,999 52,108 53,823

    Preferred Stock 0 0 0 52 52
    Common Stock net 595 581 572 280 225
    Capital Suplus 244,977 238,494 232,933 188,778 188,563
    Retained Earnings -218,027 -204,090 -195,079 -191,180 -159,829
    Shareholders' Equity 27,545 34,985 38,426 -2,070 29,011

    Total Liabs. & Net worth 48,780 49,892 57,425 50,038 82,834
    DigaMem's
    Income Statement
    Annual Income (000s)
    Fiscal Year Ending December 31 2020 2019 2018 2017
    Net Sales 32,193 49,309 45,374 32,121
    Cost of Goods Sold 16,886 22,323 16,487 20,764
    Gross Profit 15,307 26,986 28,887 11,357

    R&D Expenditure 17,029 20,303 18,047 26,686


    Sell. Gen. & admin. Exp 12,616 14,900 13,719 13,792
    EBITDA -14,338 -8,217 -2,879 -29,121
    Depreciation 4,079 4,492 4,744 4,650
    Nonoperating Income 1,031 -297 2,090 1,267
    Interest Expense 606 498 3,110 3,498
    Income before tax -17,992 -13,504 -8,643 -36,002

    Net income before exp. Items -17,992 -13,504 -8,643 -36,002


    Net income -17,992 -13,504 -8,643 -36,002

    Outstanding Shares 59,569 58,115 57,157 27,948

    Earnings(Loss) per share -0.30 -0.23 -0.15 -1.29

    Share Price 8.15


    DigaMem's
    Cashflow Statement
    Cash flow from op. activities (000s)
    2016 Fiscal Year Ending December 31 2020 2019
    10,941 Net Income -17,992 -13,504
    5,479 Depreciation/ amortization 4,079 4,492
    5,462 Net incr.(decr.) assets/ liabs. 6,732 -1,665
    Other adjustments, net 0 1,945
    30,753 Net cash prov.(Used) by oper. -7,181 -8,732
    12,174
    -37,465 Cash flow from investing activities (000s)
    4,174 Fiscal Year Ending December 31 1997 1996
    258 Incr. ( Decr.) in prop., plant -2,366 -1,696
    4,491 Incr. ( Decr.) in securities inv. 0 0
    -45,872 Other cash inflow 8 301
    Net cash prov.(Used) by inv. -2,358 -1,395
    -45,872
    -45,872 Cash flow from financing activities (000s)
    Fiscal Year Ending December 31 1997 1996
    22,478 Issue (purchase) of equity 6,498 763
    Incr. ( Decr.) in borrowing 3,692 0
    -2.04 Net cash prov.(Used) by inv. 10,190 763

    Net change in cash or equiv. 651 -9,364


    Cash or Equiv. at year start 4,998 9,869
    Cash or Equiv. at year end 5,649 505
    2018 2017 2016
    -8,643 -36,002 -45,872
    4,744 4,650 4,174
    -320 -1,070 -6,905
    1,533 -851 1,242
    -2,686 -33,273 -47,361

    1995 1994 1993


    -861 -2,620 -4,466
    -24 -123 -72
    2,946 1,309 53
    2,061 -1,434 -4,485

    1995 1994 1993


    1,936 270 41,003
    3,530 3,597 31,334
    5,466 3,867 72,337

    4,841 -30,840 20,491


    284 26,474 1810
    5,125 -4,366 22,301
    Assumptions
    Sales growth 60% 35%
    COGS as % Sales 50%
    COGS reduction rate 5%
    R&D as % of Sales 25%
    R&D decrease rate 0%
    S.G. & A. exp as % of Sales 35% for 3 years
    S.G. & A. decrease rate 2% from 4th year
    Depreciation as % of Sales 20%
    Depreciation increase rate 2%
    Non operating income as % of Sales 3%
    Non operating income increase rate 5%
    Inflation rate
    Capex as % of Sales 12%
    Change in Net Working Capital 2.0%
    WACC 10.70%
    Tax rate 40%
    Terminal Gowth Rate 3.15%
    Risk Free Rate (Rf) 6.5%
    Beta (β) 1.20
    Market Return (Rm) 10%
    Interest rate 8.5%
    Ke 10.70%
    We 100.0%
    52% 194% 41% 9% -35%
    50% 65% 36% 45% 52%

    281.08% 83.08% 39.77% 41.18% 52.90%

    111.27% 42.94% 30.24% 30.22% 39.19%

    38.15% 14.48% 10.46% 9.11% 12.67%

    2.36% 3.94% 4.61% -0.60% 3.20%

    Figures in ('000) Actual


    Fiscal Year Ending December 31 2016 2017 2018 2019 2020
    Net Sales 10,941 32,121 45,374 49,309 32,193
    Cost of Goods Sold 5,479 20,764 16,487 22,323 16,886
    Gross Profit 5,462 11,357 28,887 26,986 15,307
    R&D Expenditure 30,753 26,686 18,047 20,303 17,029
    Sell. Gen. & admin. Exp 12,174 13,792 13,719 14,900 12,616
    EBITDA -37,465 -29,121 -2,879 -8,217 -14,338
    Depreciation 4,174 4,650 4,744 4,492 4,079
    EBIT -41,639 -33,771 -7,623 -12,709 -18,417
    Non operating Income 258 1,267 2,090 -297 1,031
    Interest Expense 4,491 3,498 3,110 498 606
    EBT -45,872 -36,002 -8,643 -13,504 -17,992
    Tax @ 40% 0 0 0 0 0
    Net income -45,872 -36,002 -8,643 -13,504 -17,992

    Cashflow Determination
    Net Income
    Interest (1-Tax)
    Depreciation
    CAPEX
    CNWC
    FCFF

    Timing of CF
    PV of CF
    PV of Firm (7,598)
    Add: Cash 9,278
    Less: Debt -
    Equity Value 137,877
    Number of shares 4,187
    Equity value per share
    3% 3% 3% 3% 4% 4% 4% 4% 4%
    20% 0% 0% 38% 14% 10% 9% 13% 0%

    Forecasted
    2021 2022 2023 2024 2025 2026 2027 2028 2029
    51,509 82,414 53,569 58,390 82,330 116,086 126,534 82,247 82,247
    27,018 43,228 65,902 95,737 130,524 177,951 258,513 394,109 394,109
    24,491 39,186 39,186 39,186 39,186 39,186 39,186 39,186 39,186
    27,246 43,594 66,654 94,099 131,526 183,839 259,534 396,819 396,819
    20,186 32,297 32,297 32,297 32,297 32,297 32,297 32,297 32,297
    27,018 43,228 14,383 19,204 43,145 76,900 87,348 43,061 43,061
    10,302 0 0 22,276 11,919 12,137 11,527 10,421 0
    16,716 43,228 14,383 -3,072 31,226 64,763 75,821 32,640 43,061
    1,545 2,596 1,772 2,028 3,002 4,445 5,087 3,472 3,645
    0 0 0 0 0 0 0 0 0
    15,171 40,632 12,611 -5,099 28,224 60,318 70,734 29,168 39,415
    6,068 16,253 5,045 -2,040 11,289 24,127 28,293 11,667 15,766
    9,102 24,379 7,567 -3,060 16,934 36,191 42,440 17,501 23,649

    9,102 24,379 7,567 -3,060 16,934 36,191 42,440 17,501 23,649


    0 0 0 0 0 0 0 0 0
    10,302 0 0 22,276 11,919 12,137 11,527 10,421 0
    6181 0 0 0 0 0 0 0 0
    1,030 0 0 0 0 0 0 0 0
    -8,411 24,379 7,567 -25,336 5,016 24,054 30,913 7,080 23,649

    1 2 3 4 5 6 7 8 9
    (7,598) 24,379 7,567 (25,336) 5,016 24,054 30,913 7,080 23,649
    5%
    0%

    2030
    82,247
    394,109
    39,186
    396,819
    32,297
    43,061
    0
    43,061
    3,828
    0
    39,233
    15,693
    23,540

    23,540
    0
    0
    0
    0
    23,540

    10
    23,540
    Assumptions
    Sales growth 60%
    COGS as % Sales 50%
    COGS reduction rate 5%
    R&D as % of Sales 25%
    R&D decrease rate 0%
    S.G. & A. exp as % of Sales 35%
    S.G. & A. decrease rate 2%
    Depreciation as % of Sales 20%
    Depreciation increase rate 2%
    Non operating income as % of Sales 3%
    Non operating income increase rate 5%
    Inflation rate 0%
    Capex as % of Sales 12%
    Change in Net Working Capital 2%
    WACC 11%
    Tax rate 40%
    Terminal Gowth Rate 3.15%
    Risk Free Rate (Rf) 6.5%
    Beta (β) 1.20
    Market Return (Rm) 10%
    Interest rate 8.5%
    Ke 11%
    We 100%
    Wd 0%
    Market Value of Equity 485,487
    Debt 27,300
    Figures in ('000) Actual
    Fiscal Year Ending December 31
    Net Sales
    Cost of Goods Sold
    Gross Profit
    R&D Expenditure
    Sell. Gen. & admin. Exp
    EBITDA
    Depreciation
    EBIT
    Non operating Income
    Interest Expense
    EBT
    Tax @ 40%
    Net income

    Cashflow Determination
    Net Income
    Interest (1-Tax)
    Depreciation
    CAPEX
    CNWC
    FCFF

    Timing of CF
    PV of CF
    PV of Firm
    Add: Cash
    Less: Debt
    Equity Value
    Number of shares
    Equity value per share
    Forecasted
    Assumptions
    Sales growth
    COGS as % Sales
    COGS reduction rate
    R&D as % of Sales
    R&D decrease rate
    S.G. & A. exp as % of Sales
    S.G. & A. decrease rate
    Depreciation as % of Sales
    Depreciation increase rate
    Non operating income as % of Sales
    Non operating income increase rate
    Inflation rate
    Capex as % of Sales
    Change in Net Working Capital
    WACC
    Tax rate 40%
    Terminal Gowth Rate 3.15%
    Risk Free Rate (Rf) 6.5%
    Beta (β) 1.20
    Market Return (Rm) 10%
    Interest rate 8.5%

    For 5 years Ke
    We
    Wd
    Market Value of Equity 485,487
    Debt 27,300

    For next 5 years Ke


    We
    Wd
    Market Value of Equity
    Debt
    WACC
    Figures in ('000) Actual
    Fiscal Year Ending December 31
    Net Sales
    Cost of Goods Sold
    Gross Profit
    R&D Expenditure
    Sell. Gen. & admin. Exp
    EBITDA
    Depreciation
    EBIT
    Non operating Income
    Interest Expense
    EBT
    Tax @ 40%
    Net income

    Cashflow Determination
    Net Income
    Interest (1-Tax)
    Depreciation
    CAPEX
    CNWC
    FCFF

    Timing of CF
    PV of CF
    PV of Firm
    Add: Cash
    Less: Debt
    Equity Value
    Number of shares
    Equity value per share
    Forecasted

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