compra SBUX

VENTAS			23465.00	24872.90	26365.27	27947.19	29624.02	31401.46	33285.55	35282.68	37399.65	39643.62	42022.24
Margin ebit			17.47%	17.65%	17.82%	18.00%	18.18%	18.36%	18.55%	18.73%	18.92%	19.11%	19.30%
EBIT			4,100.00	4,389.46	4,699.36	5,031.13	5,386.33	5,766.60	6,173.73	6,609.59	7,076.23	7,575.81	8,110.66
Capital invertido			7,363.00	7,804.78	8,273.07	8,769.45	9,295.62	9,853.35	10,444.56	11,071.23	11,735.50	12,439.63	13,186.01
CASH FLOW OPERATIVO			4172.0	4422.3	4687.7	4968.9	5267.1	5583.1	5918.1	6273.1	6649.5	7048.5	7471.4
NOPAT			3075.0	3292.1	3524.5	3773.3	4039.7	4325.0	4630.3	4957.2	5307.2	5681.9	6083.0
CAPEX Crec			14.37%	14.22%	14.08%	13.94%	13.81%	13.67%	13.53%	13.40%	13.27%	13.14%	13.01%
% a FCF			85.63%	85.78%	85.92%	86.06%	86.19%	86.33%	86.47%	86.60%	86.73%	86.86%	86.99%
Incremento ventas			6%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%	6.00%
crec			7.0%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%
ROIC			41.76%	42.18%	42.60%	43.03%	43.46%	43.89%	44.33%	44.78%	45.22%	45.68%	46.13%
Change profit margin			1%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%	1.00%
Expansion PE			-1%	-1.00%	-1.00%	-1.00%	-1.00%	-1.00%	-1.00%	-1.00%	-1.00%	-1.00%	-1.00%
NOPAT EARNINGS(COMPRA)			27.64	25.82	24.11	22.52	21.04	19.65	18.36	17.14	16.01	14.96	13.97
NOPAT EARNING FINAL			27.64	27.36	27.09	26.82	26.55	26.28	26.02	25.76	25.50	25.25	25.25
Rentabilidad			9.0%	9.23%	9.47%	9.72%	9.99%	10.28%	10.59%	10.92%	11.28%	11.66%	12.07%
								6.71%					6.45%

Precio compra segun NOPAT

Growth			0.070
ROIC			0.418
Discount rate			0.10
ENTERPRISE VALUE/nopat			27.75
Enterprise value compra			85,319.67
Precio compra			58.23