Product Description
 
Royal Wins Corporation Financial Model is a financial model and valuation of a subscription based online, mobile, real money, gaming platform that generates revenues from subscriptions, advertising revenues and transactions on the platform. The company leverages all three pillars of user-based revenue models, banking on user acquisition, user conversion and retention. The model is ideal for investment banking, equity research, user-based companies, finance professionals, valuation and transaction experts. The model includes the following features:
 
A financial model of a user based company (online gaming) including: detailed revenue schedule, cost schedule, valuation of an existing user of the company, equity valuation of existing subscribers, equity valuation of new subscribers, value of corporate drag, valuation of outstanding options and warrants in the company, valuation of the entire company under the sum-of-parts approach and key line items of the income statement.
Historical financial statements for a period of three years and the most recent quarter as of January 21, 2022.
Comparable companies, their business description, and related business and valuation metrics.
Sensitivity analysis of the intrinsic valuation of the company, value of new subscribers and value of existing subscribers with respect to key value drivers including number of users within the next 24 months and probability of company operating as a going concern.
Quantification of risk measures for purposes of valuation including beta calculation, cost of equity (company has no debt or other equity securities such as preferred shares and hence cost of equity is the same as cost of capital).
A summary dashboard of company financial report, market data, key financial annual figures, comparable companies and related business and financial metrics and risk rating for the company. 
The tabs of the models are: Cover, Summary SKLL Report, Summary Comps, Assumptions, Historicals, Model, Notes as well as tabs that are not used when printing the model to a pdf file including Comp_Forward Ratio_Eikon and Beta. 
An equity research report of the Royal Wins Corporation explaining the business model and valuation of the company along with a blog post explaining ‘How to Value User or Subscriber Based Online Companies’, the financial model as of January 21, 2022 and the print ready format of the model are included with the package.