Fluxo de Caixa Econmico

Preo
Anos
Preo (R$/pea)

2006
R$

1,600.00

2007
R$

2008

1,800.00

R$

2009

1,900.00

R$

2010

2,000.00

R$

2,100.00

2011
R$

2,200.00

Quantidade demandada
Anos
Demanda (peas)

2006
500

2007
510

Anos
1 grupo
2 grupo

2006

2007

2008
530

2009
510

2010
500

2011
480

Custos fixos
R$
R$

50,000.00
43,000.00

R$
R$

50,000.00
43,000.00

2008
R$
R$

Investimentos em capital fixo

Mquinas:
Terreno:
Total:

2009

50,000.00
43,000.00

R$
R$

2010

55,000.00
43,000.00

R$
R$

55,000.00
43,000.00

2011
R$
R$

55,000.00
43,000.00

Venda dos Investimentos em capital fixo

R$ 1,700,000.00
Anos:
R$
80,000.00
6
R$
1,780,000.00
Valor Final:

Mquinas:
Terreno:
Total:
R$

R$
R$
R$

170,000.00
72,000.00
242,000.00

1,538,000.00

Fluxo de Caixa do Acionista

Anos

Descrio

2006

2007

2008

2009

2010

2011

Receita
Custo Total
Custo Fixo Total
Custo Varivel Total
Lucro Operacional Bruto
Juros
Depreciao
Lucro antes do IR (LAIR)
IR
Lucro Lquido (LL)

R$
R$
R$
R$
R$
R$
R$
R$
R$
R$

800,000.00
423,000.00
93,000.00
330,000.00
377,000.00
255,000.00
122,000.00
18,300.00
103,700.00

R$
R$
R$
R$
R$
R$
R$
R$
R$
R$

918,000.00
429,600.00
93,000.00
336,600.00
488,400.00
89,000.00
255,000.00
144,400.00
21,660.00
122,740.00

R$ 1,007,000.00
R$ 442,800.00
R$
93,000.00
R$ 349,800.00
R$ 564,200.00
R$
74,422.02
R$ 255,000.00
R$ 234,777.98
R$
35,216.70
R$ 199,561.28

R$ 1,020,000.00
R$ 434,600.00
R$
98,000.00
R$ 336,600.00
R$ 585,400.00
R$
58,386.25
R$ 255,000.00
R$ 272,013.75
R$
44,003.44
R$ 228,010.31

R$
R$
R$
R$
R$
R$
R$
R$
R$
R$

1,050,000.00
428,000.00
98,000.00
330,000.00
622,000.00
40,746.90
255,000.00
326,253.10
57,563.27
268,689.82

R$
R$
R$
R$
R$
R$
R$
R$
R$
R$

1,056,000.00
414,800.00
98,000.00
316,800.00
641,200.00
21,343.61
255,000.00
364,856.39
67,214.10
297,642.29

Entradas de Caixa (ECX)

Lucro Lquido (LL)
Depreciao
Valor Residual
ICG (retorno)
Emprstimos

R$
R$
R$

1,248,700.00
103,700.00
255,000.00

R$
R$
R$

377,740.00
122,740.00
255,000.00

R$
R$
R$

454,561.28
199,561.28
255,000.00

R$
R$
R$

483,010.31
228,010.31
255,000.00

R$
R$
R$

523,689.82
268,689.82
255,000.00

R$
R$
R$
R$
R$

847,442.29
297,642.29
255,000.00
242,000.00
52,800.00

R$

890,000.00

Sadas de Caixa (SCX)

Investimento
Amortizao
Variao do cap. de giro (ICG)
Investimento em ICG

R$
R$
R$
R$
R$

1,825,900.00
1,780,000.00
45,900.00
45,900.00

R$

150,229.76

R$

161,007.73

R$

177,893.51

R$

194,332.86

R$

213,436.14

R$
R$
R$

145,779.76
4,450.00
50,350.00

R$
R$
R$

160,357.73
650.00
51,000.00

R$
R$
R$

176,393.51
1,500.00
52,500.00

R$
R$
R$

194,032.86
300.00
52,800.00

R$

213,436.14

Fluxo de Caixa (FCX) - Acionista:

R$

(577,200.00) R$

227,510.24

R$

293,553.55

R$

305,116.80

R$

329,356.97

R$

634,006.15

VP do FCX acumulado (acionista):

R$

(577,200.00) R$

(140,046.77) R$

77,129.35

R$

286,441.66

R$

646,193.77

Amortizao
R$
R$ 145,779.76
R$ 160,357.73
R$ 176,393.51
R$ 194,032.86
R$ 213,436.14
R$ 890,000.00

R$
R$
R$
R$
R$
R$
R$

(374,065.86) R$

Emprstimo - Tabela Price

Ano
2006
2007
2008
2009
2010
2011

Parcela
0
1
2
3
4
5
TOTAL:

Saldo Devedor
R$ 890,000.00
R$ 744,220.24
R$ 583,862.51
R$ 407,469.00
R$ 213,436.14
R$
0.00

VPL
Ano
0
1
2
3
4
5

VP
VP ACULUMADO
R$ (577,200.00) R$
(577,200.00)
R$
203,134.14 R$
(374,065.86)
R$
234,019.09 R$
(140,046.77)
R$
217,176.11 R$
77,129.35
R$
209,312.31 R$
286,441.66
R$
359,752.11 R$
646,193.77
VPL: R$
646,193.77
12%
140.046,77 / 217.176,11 = 0.64
2 + 0,64 = 2,64 anos
0,64 X 12 = 7.74
VPL ACEITO
Teve retorno do investimento inicial em 2 anos e 8 meses.

Juros
89,000.00
74,422.02
58,386.25
40,746.90
21,343.61
283,898.79

Prestao
R$
R$
R$
R$
R$
R$
R$

234,779.76
234,779.76
234,779.76
234,779.76
234,779.76
1,173,898.79

TIR
Ano
0
1
2
3
4
5

VP
R$
(577,200.00)
R$
157,635.41
R$
140,926.61
R$
101,490.32
R$
75,906.37
R$
101,241.29
TIR: 44.326859900364%

VP ACULUMADO
R$
(577,200.00)
R$
(419,564.59)
R$
(278,637.98)
R$
(177,147.65)
R$
(101,241.29)
R$
0.00
VPL = 0
R$ 1.4432685990

Fluxo de Caixa Econmico

Preo
Anos
Preo (R$/pea)

2006
R$

2007

1,600.00

R$

2008

1,800.00

R$

2009

1,900.00

R$

2010

2,000.00

R$

2,100.00

Quantidade demandada
Anos
Demanda (peas)

2006
500

2007
510

Anos
1 grupo
2 grupo

2006

2007

2008
530

2009
510

2010
500

Custos fixos
R$
R$

50,000.00
43,000.00

R$
R$

50,000.00
43,000.00

2008
R$
R$

2009

50,000.00
43,000.00

Investimentos em capital fixo

Mquinas:
Terreno:
Total:

R$
R$
R$

R$
R$

2010

55,000.00
43,000.00

R$
R$

55,000.00
43,000.00

Venda dos Investimentos em capital fixo

1,700,000.00
80,000.00

Mquinas:
Terreno:
Total:

Anos:

6
1,780,000.00

Valor Final:

R$

R$
R$
R$

170,000.00
72,000.00
242,000.00

1,538,000.00

Fluxo de Caixa da Empresa

Anos

Descrio

2006

2007

2008

2009

2010

Receita
Custo Total
Custo Fixo Total
Custo Varivel Total
Lucro Operacional Bruto
Juros
Depreciao
Lucro antes do IR (LAIR)
IR
Lucro Lquido (LL)

R$
R$
R$
R$
R$

800,000.00
423,000.00
93,000.00
330,000.00
377,000.00

R$
R$
R$
R$
R$

918,000.00
429,600.00
93,000.00
336,600.00
488,400.00

R$
R$
R$
R$
R$

1,007,000.00
442,800.00
93,000.00
349,800.00
564,200.00

R$
R$
R$
R$
R$

1,020,000.00
434,600.00
98,000.00
336,600.00
585,400.00

R$
R$
R$
R$
R$

1,050,000.00
428,000.00
98,000.00
330,000.00
622,000.00

R$
R$
R$
R$

255,000.00
122,000.00
18,300.00
103,700.00

R$
R$
R$
R$

255,000.00
233,400.00
35,010.00
198,390.00

R$
R$
R$
R$

255,000.00
309,200.00
53,300.00
255,900.00

R$
R$
R$
R$

255,000.00
330,400.00
58,600.00
271,800.00

R$
R$
R$
R$

255,000.00
367,000.00
67,750.00
299,250.00

Entradas de Caixa (ECX)

Lucro Lquido (LL)
Depreciao
Valor Residual
ICG (retorno)
Emprstimos

R$
R$
R$

358,700.00
103,700.00
255,000.00

R$
R$
R$

453,390.00
198,390.00
255,000.00

R$
R$
R$

510,900.00
255,900.00
255,000.00

R$
R$
R$

526,800.00
271,800.00
255,000.00

R$
R$
R$

554,250.00
299,250.00
255,000.00

Sadas de Caixa (SCX)

Investimento
Amortizao
Variao do cap. de giro (ICG)
Investimento em ICG

R$
R$

1,825,900.00
1,780,000.00

R$

4,450.00

R$

650.00

R$

1,500.00

R$

300.00

R$
R$

45,900.00
45,900.00

R$
R$

4,450.00
50,350.00

R$
R$

650.00
51,000.00

R$
R$

1,500.00
52,500.00

R$
R$

300.00
52,800.00

R$ (1,467,200.00) R$

448,940.00

R$

510,250.00

R$

525,300.00

R$

553,950.00

(264,524.37) R$

100,379.65

Fluxo de Caixa (FCX) - Empresa:

VP do FCX acumulado (empresa):

R$ (1,467,200.00) R$ (1,062,749.55) R$

(648,619.20) R$

VPL
Ano
0
1
2
3
4
5

TIR
VP
(1,467,200.00)
404,450.45
414,130.35
384,094.83
364,904.02
512,415.55
612,795.20

VP ACULUMADO
R$
R$ (1,467,200.00)
R$
R$ (1,062,749.55)
R$
R$
(648,619.20)
R$
R$ (264,524.37)
R$
R$
100,379.65
R$
R$
612,795.20
VPL: R$
11%
264.524,37 / 364.904,02 = 0.72
3 + 0,72 = 3,72 anos
0,72 X 12 = 8.70
VPL ACEITO
Teve retorno do investimento inicial em 3 anos e 9 meses.

Ano
0
1
2
3
4
5

VP
R$
(1,467,200.00)
R$
359,386.06
R$
326,985.77
R$
269,479.77
R$
227,489.97
R$
283,858.43
TIR: 24.918591437912%

Fluxo de Caixa Econmico

Preo
2011
R$

2,200.00

Quantidade demandada
2011
480

Custos fixos
2011
R$
R$

55,000.00
43,000.00

Venda dos Investimentos em capital fixo

R$
R$
R$

170,000.00
72,000.00
242,000.00

Fluxo de Caixa da Empresa

Anos
2011
R$
R$
R$
R$
R$

1,056,000.00
414,800.00
98,000.00
316,800.00
641,200.00

R$
R$
R$
R$

255,000.00
386,200.00
72,550.00
313,650.00

R$
R$
R$
R$
R$

863,450.00
313,650.00
255,000.00
242,000.00
52,800.00

R$

R$

863,450.00

R$

612,795.20

TIR
VP ACULUMADO
R$
(1,467,200.00)
R$
(1,107,813.94)
R$
(780,828.17)
R$
(511,348.40)
R$
(283,858.43)
R$
VPL = 0
R$
1.2491859144