Está en la página 1de 15

Inversin inicial miles

Cantidad a invertir 55,000.00

Rendimiento bruto anual esperado 6,000.00

Aos esperados de rendimiento 21

Tasa variacin rendimientos 5.0%

Tipo impositivo 30.0%

Tasa actualizacin 8.0% * tasa estimada independientemente del modo

Tasa crecimiento perpetuo 2.0%

Tasa reinversin beneficios 100.0%

Inversiones adicionales y rendimientos anuales obtenidos


Inicial Ao 1 Ao 2 Ao 3
Activo no corriente 0.00 2,000.00 5,000.00
Activo corriente 10,000.00 8,000.00 5,000.00
Rendimientos brutos anuales obtenidos 6,000.00 6,300.00 6,615.00
Rendimientos netos anuales obtenidos 4,200.00 4,410.00 4,630.50

Flujos de caja inversin -55,000.00 -5,800.00 -5,590.00 -5,369.50

VAN Inversin 26,316.85

TIR Inversin 10.28%

Escenario optimista
Desviacin optimista rendimientos anuales 25%
Flujos de caja inversin -55,000.00 -4,750.00 -4,487.50 -4,211.88

VAN Inversin 54,007.59


TIR Inversin 12.35%

Escenario pesimista
Desviacin optimista rendimientos anuales -25%
Flujos de caja inversin -55,000.00 -6,850.00 -6,692.50 -6,527.13

VAN Inversin -1,373.89


TIR Inversin 7.87%
En blanco, celdas modificables
Leyenda En amarillo, celdas con frmula propuesta pero se puede modificar el valor
En verde, celdas con valores no modificables

independientemente del modo de financiacin de la inversin

Ao 4 Ao 5 Ao 6 Ao 7 Ao 8 Ao 9 Ao 10
2,000.00 0.00 0.00 0.00 0.00 0.00 0.00
3,000.00 0.00 0.00 0.00 0.00 0.00 0.00
6,945.75 8,000.00 8,400.00 8,820.00 9,261.00 9,724.05 11,000.00
4,862.03 5,600.00 5,880.00 6,174.00 6,482.70 6,806.84 7,700.00

-137.98 5,600.00 5,880.00 6,174.00 6,482.70 6,806.84 7,700.00

1,077.53 7,000.00 7,350.00 7,717.50 8,103.38 8,508.54 9,625.00

-1,353.48 4,200.00 4,410.00 4,630.50 4,862.03 5,105.13 5,775.00


ede modificar el valor

Ao 11 Ao 12 Ao 13 Ao 14 Ao 15 Ao 16 Ao 17
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
11,550.00 12,127.50 12,733.88 13,370.57 14,039.10 14,741.05 15,478.10
8,085.00 8,489.25 8,913.71 9,359.40 9,827.37 10,318.74 10,834.67

8,085.00 8,489.25 8,913.71 9,359.40 9,827.37 10,318.74 10,834.67

10,106.25 10,611.56 11,142.14 11,699.25 12,284.21 12,898.42 13,543.34

6,063.75 6,366.94 6,685.28 7,019.55 7,370.53 7,739.05 8,126.00


Ao 18 Ao 19 Ao 20
0.00 0.00 0.00
0.00 0.00 0.00 Valor residual
16,252.01 17,064.61 17,917.84
11,376.41 11,945.23 12,542.49

11,376.41 11,945.23 12,542.49 219,493.55

14,220.51 14,931.53 15,678.11 274,366.94

8,532.31 8,958.92 9,406.87 164,620.16


unidades
miles
millones
Financiacin inversion inicial Financiacin adicional

Capital propio 5,000.00 Capital propio


Prstamo
Capital ajeno 50,000.00 Acreedores
Reinversin beneficios
Rentabilidad esperada accionistas 8.00%

Tipo de inters 6.00%

Aos prstamo 15

Devolucin prstamo inicial


Capital pendiente Intereses Amortizacin Cuota
Inicial 50,000.00
Ao 1 47,851.86 3,000.00 2,148.14 5,148.14
Ao 2 45,574.84 2,871.11 2,277.03 5,148.14
Ao 3 43,161.19 2,734.49 2,413.65 5,148.14
Ao 4 40,602.72 2,589.67 2,558.47 5,148.14
Ao 5 37,890.75 2,436.16 2,711.97 5,148.14
Ao 6 35,016.05 2,273.44 2,874.69 5,148.14
Ao 7 31,968.88 2,100.96 3,047.18 5,148.14
Ao 8 28,738.87 1,918.13 3,230.01 5,148.14
Ao 9 25,315.07 1,724.33 3,423.81 5,148.14
Ao 10 21,685.83 1,518.90 3,629.23 5,148.14
Ao 11 17,838.84 1,301.15 3,846.99 5,148.14
Ao 12 13,761.03 1,070.33 4,077.81 5,148.14
Ao 13 9,438.56 825.66 4,322.48 5,148.14
Ao 14 4,856.73 566.31 4,581.82 5,148.14
Ao 15 0.00 291.40 4,856.73 5,148.14
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
Ao 1 Ao 2 Ao 3 Ao 4 Ao 5 Ao 6 Ao 7
10,000.00 7,000.00 4,000.00 2,500.00 5,000.00 0.00 0.00
0.00 0.00 8,000.00 0.00 0.00 0.00 0.00
4,000.00 3,000.00 1,000.00 0.00 0.00 0.00 0.00
4,200.00 4,410.00 4,630.50 4,862.03 5,600.00 5,880.00 6,174.00

Devolucin financiacin adi


Importe prstamo inicial 50,000.00 Capital pendiente
Aos 15 Inicial 0
Pagos anuales 12 Ao 1 0
Tipo nominal 6.00% Ao 2 0
Ao 3 8000.00
Ao 4 6608.87
Cuota 5,148.14 Ao 5 5120.37
Ao 6 3527.67
Ao 7 1823.48
Importe prstamo adicional 8,000.00 Ao 8 0.00
Ao concesin 3 0.00
Aos devolucin 5 0.00
Tipo nominal 7.00% 0.00
0.00
0.00
Cuota 1,951.13 0.00
0.00
0.00
0.00
0.00
0.00
0.00
Ao 8 Ao 9 Ao 10 Ao 11 Ao 12 Ao 13 Ao 14
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00
6,482.70 6,806.84 4,000.00 4,000.00 5,000.00 5,500.00 6,000.00

Devolucin financiacin adicional


Intereses Amortizacin Cuota

0.00 0.00 0.00


0.00 0.00 0.00
0.00 0.00 0.00
560.00 1391.13 1951.13
462.62 1488.50 1951.13
358.43 1592.70 1951.13
246.94 1704.19 1951.13
127.64 1823.48 1951.13
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 0 0
0 0 0
Ao 15 Ao 16 Ao 17 Ao 18 Ao 19 Ao 20
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
6,000.00 6,000.00 6,000.00 6,000.00 6,000.00 6,000.00
Inicial Ao 1 Ao 2 Ao 3

Entradas dinero 55,000.00 18,200.00 14,410.00 17,630.50


Salidas dinero 55,000.00 15,148.14 15,148.14 15,148.14

Evolucin liquidez 0.00 3,051.86 2,313.72 4,796.09

Flujos de caja inversin -55,000.00 -5,800.00 -5,590.00 -5,369.50


Flujos de caja proyecto -55,000.00 -8,800.00 -8,461.11 -8,103.99

VAN proyecto 102,047.32


WACC proyecto 6.43%
TIR proyecto 9.64%

WACC anual 4.55% 4.97% 5.22% 5.44%

Escenario optimista
Flujos de caja proyecto -55,000.00 -7,750.00 -7,358.61 -6,946.37
VAN proyecto 154,844.24
TIR proyecto 11.62%

Escenario pesimista
Flujos de caja proyecto -55,000.00 -9,850.00 -9,563.61 -9,261.62
VAN proyecto 49,250.39
TIR proyecto 7.30%

Ao 1 Ao 2 Ao 3

EVA 1,700.00 2,000.22 2,316.36

BAIDI 4,200.00 4,410.00 4,630.50


Coste Capital 2,500.00 2,409.78 2,314.14

Ao 0 Ao 1 Ao 2 Ao 3

Payback proyecto -55,000.00 -63,800.00 -72,261.11 -80,365.10


Ao 4 Ao 5 Ao 6 Ao 7 Ao 8 Ao 9 Ao 10

7,362.03 10,600.00 5,880.00 6,174.00 6,482.70 6,806.84 7,700.00


12,099.26 7,099.26 7,099.26 7,099.26 7,099.26 5,148.14 8,848.14

58.85 3,559.58 2,340.32 1,415.06 798.49 2,457.19 1,309.05

-137.98 5,600.00 5,880.00 6,174.00 6,482.70 6,806.84 7,700.00


-3,287.65 2,701.22 3,248.13 3,826.10 4,436.92 5,082.50 6,181.10

5.61% 5.88% 6.04% 6.20% 6.37% 6.55% 6.66%

-2,072.14 4,101.22 4,718.13 5,369.60 6,057.60 6,784.21 8,106.10

-4,503.15 1,301.22 1,778.13 2,282.60 2,816.25 3,380.79 4,256.10

Ao 4 Ao 5 Ao 6 Ao 7 Ao 8 Ao 9 Ao 10

2,257.26 3,170.85 3,637.69 4,130.47 4,650.66 5,199.80 6,236.77

4,862.03 5,600.00 5,880.00 6,174.00 6,482.70 6,806.84 7,700.00


2,604.77 2,429.15 2,242.31 2,043.53 1,832.04 1,607.03 1,463.23

Ao 4 Ao 5 Ao 6 Ao 7 Ao 8 Ao 9 Ao 10

-83,652.75 -80,951.53 -77,703.40 -73,877.30 -69,440.38 -64,357.88 -58,176.78


Ao 11 Ao 12 Ao 13 Ao 14 Ao 15 Ao 16 Ao 17

8,085.00 8,489.25 8,913.71 9,359.40 9,827.37 10,318.74 10,834.67


9,233.14 8,637.39 8,561.85 8,507.54 8,975.51 4,318.74 4,834.67

160.91 12.77 364.64 1,216.50 2,068.36 8,068.36 14,068.36

8,085.00 8,489.25 8,913.71 9,359.40 9,827.37 10,318.74 10,834.67


6,783.85 7,418.92 8,088.05 8,793.08 9,535.96 10,318.74 10,834.67

6.78% 6.91% 7.05% 7.20% 7.35% 7.50% 7.52%

8,805.10 9,541.23 10,316.48 11,132.93 11,992.81 12,898.42 13,543.34

4,762.60 5,296.61 5,859.62 6,453.24 7,079.12 7,739.05 8,126.00

Ao 11 Ao 12 Ao 13 Ao 14 Ao 15 Ao 16 Ao 17

6,774.20 7,340.02 7,935.75 8,562.98 9,223.39 9,918.74 10,434.67

8,085.00 8,489.25 8,913.71 9,359.40 9,827.37 10,318.74 10,834.67


1,310.80 1,149.23 977.96 796.42 603.98 400.00 400.00

Ao 11 Ao 12 Ao 13 Ao 14 Ao 15 Ao 16 Ao 17

-51,392.93 -43,974.01 -35,885.96 -27,092.88 -17,556.91 -7,238.18 3,596.50


Ao 18 Ao 19 Ao 20 Valor residual

11,376.41 11,945.23 12,542.49


5,376.41 5,945.23 6,542.49

20,068.36 26,068.36 32,068.36

11,376.41 11,945.23 12,542.49 297,312.33


11,376.41 11,945.23 12,542.49 297,312.33

7.54% 7.56% 7.58%

14,220.51 14,931.53 15,678.11 371,640.42

8,532.31 8,958.92 9,406.87 222,984.25

Ao 18 Ao 19 Ao 20

10,976.41 11,545.23 12,142.49

11,376.41 11,945.23 12,542.49


400.00 400.00 400.00

Ao 18 Ao 19 Ao 20

14,972.90 26,918.13 39,460.62


Evolucin liquidez Crea

Evolucin liquidez
35,000.00 14,000.00
30,000.00 12,000.00
25,000.00 10,000.00
20,000.00 8,000.00
15,000.00 Evolucin 6,000.00
liquidez
10,000.00 4,000.00
5,000.00 2,000.00
0.00 0.00
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
Ao 6
Ao 7
Ao 8
Ao 9
Ao 10
Ao 11
Ao 12

Ao 16
Ao 17
Ao 13
Ao 14
Ao 15

Ao 18
Ao 19
Ao 20
Inicial

Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
Ao 6
Recuperacin inversin

Payback proyecto
60,000.00
40,000.00
20,000.00
0.00
-20,000.00 Payback proyecto
-40,000.00
-60,000.00
-80,000.00
-100,000.00
Ao
Ao
0Ao
1Ao
2Ao
3
Ao
4Ao
5Ao
6Ao
7Ao
Ao
8 Ao
9 10
Ao
11
Ao
12
Ao
13
Ao
14
Ao
15
Ao
16
Ao
17
Ao
18
Ao
1920
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00

0.00
Ao 1
Ao 2
Ao 3
Ao 4
Ao 5
Ao 6
Ao 7
Ao 8
Ao 9
Ao 10
EVA

Ao 11
Ao 12
Ao 13
Ao 14
Ao 15
Creacin de valor

Ao 16
Ao 17
Ao 18
Ao 19
Ao 20
EVA

También podría gustarte