Technical I
What financial statement records revenue and expenses over a period of time?
Income Statement
Who loves newcomb?
Ned T.
It's not sophomore, it's...
Second-year
Who grew up on a farm?
Elizabeth
What is unlevered FCF?
UFCF=EBIT(1-tax rate) + D&A + Change in WC - CAPEX
What are the three main valuation methodologies?
DCF, CCA, and Precedent Transactions
Who got a hole in one their first time playing golf?
Jake B.
What word do we use for what most call "campus?"
Grounds
Who has two fake teeth?
Andrew G.
What is the capital asset pricing model (CAPM)?
Formula for calculating the cost of equity. Cost of equity = RFR + (lev. beta)(market risk premium)
What is the bridge from equity value to enterprise value?
EV = Equity Value + Debt + Preferred Stock + Minority Interest - Cash
Who wore a pink cast in school for a month (and likes trampoline parks)?
Billy
UVA was founded in what year?
1819
Who plays the alto saxophone?
Trey
Which valuation methodology would most likely produce a higher valuation: DCF or LBO?
DCF
What is higher, cost of equity or cost of debt?
Cost of equity
Who has triplet sisters?
Samir K.
The Rotunda is modeled after what famous building in Europe?
Pantheon in Rome
Who swam with stingrays?
Mahek
What is the formula for WACC?
WACC=(%debt)(after tax cost of debt)+(%equity)(cost of equity)
How do the three statements change when an asset with a book value of $100 is sold for $90, assuming a 30% tax rate.
IS: pretax income down 10, net income down 7
CFS: CFO up 3; CFI: up 90; net up 93
BS: Assets: 93-100=-7; SE: -7
Who caddied for a PGA tour player and Eli Manning?
Jack F.
How many schools does UVA have?
12
CLAS, Darden, Batten, McIntire, A-School, E-School, Cont. Prof. Studies, Data Science, Ed-School, Law, Medicine, and Nursing
Who has broken their hand 3 times?
Finn B.
Why do you add minority interest to equity value when calculating EV?
So the EV # is comparable with the financial metrics on the company's financial statements.