3 ms·
Projected unlevered free cash flows (discounted back to today, plus a discounted terminal value) is IMO the best long-run model for an enterprise value. Share p
by sokoloff 3y ago
Projected unlevered free cash flows (discounted back to today, plus a discounted terminal value) is IMO the best long-run model for an enterprise value. Share price equilibrium is a consequence of that, after a current liabilities offset, and a division by share count.
Profits are related to UFCF, but not the same thing.