4 ms·
I think his point is that DCF of a company's free cash flow is an attempt to estimate enterprise value, not equity value.
by berberous 10y ago
I think his point is that DCF of a company's free cash flow is an attempt to estimate enterprise value, not equity value.
- kgwgk 10y agoYou can use either the cash flows to equity or the cash flows to the firm to calculate the value of equity (ex-non-operating-cash) or the enterprise value.