The formulas used in the calculations are:
\[ \text{NOPAT} = \text{EBIT} \times (1 - \text{ETR}) \]
\[ \text{UFCF} = \text{NOPAT} + \text{DA} - \text{CapEx} + \Delta \text{WC} \]
This calculator computes the Unlevered Free Cash Flow (UFCF) based on the input values of EBIT, effective tax rate, depreciation & amortization, capital expenditures, and change in working capital. UFCF is a measure of a company's financial performance that shows how much cash is generated by the company's core operations, excluding the impact of its capital structure (debt and equity).
Let's assume the following:
Calculate NOPAT:
\[ \text{NOPAT} = 4,532 \times (1 - 0.0174) = 4,532 \times 0.9826 = 4,453.40 \text{ MUSD} \]
Calculate UFCF:
\[ \text{UFCF} = 4,453.40 + 1,098 - 1,128 + (-703) = 4,453.40 + 1,098 - 1,128 - 703 = 3,720.40 \text{ MUSD} \]
Therefore, the Unlevered Free Cash Flow is 3,720.40 MUSD.
