Discounting Free Cash Flow or Discounting Equity Cash Flow

Which of these two ways is better: discounting the Free Cash Flow or discounting the Equity Cash Flow?

E

Expert

Verified

The results we find by discounting the Equity Cash Flow and the Free Cash Flow are the same (otherwise, both of the valuations are not correct).  Personally, we prefer discounting Equity Cash Flows where we get the flow and the discount rate more intuitive. We also like to complement such valuation with the APV.

   Related Questions in Corporate Finance

  • Q : Define Economy Impacts Economy Impacts

    Economy Impacts: An upcoming economy is indicated by rise in stock market, as stock market is primary indicator of a economic strength of a country. Progressing economy results in market boom. Yield of companies’ increases on improving economy,

  • Q : Determine weighting of shares done and

    When computing the WACC, is the weighting of the shares done and the debt with book values of debt and shareholder’s equity or along with market values?

  • Q : Intrnational financer what are the

    what are the objectives of international finance

  • Q : Did you see Vueling case Did you notice

    Did you notice the Vueling case? How is this possible that an investment bank sets the objective price of its shares in €2.50 per share upon the 2nd of October, 2007, just after replacing Vueling shares at €31 per share in J

  • Q : Is it correct to use valuation of

    Is this correct to use in the valuation of the shares of a certain company the “the real net assets value” which, as per to the Institute of Accounting and Auditing (ICAC), shows the “book value of shareholder’s equity, corrected through increa

  • Q : Explain consensus among the chief

    Is there any consensus among the chief authors in finance concerning the market risk premium?

  • Q : Explain the structure

    Our company (A) is going to buy the other company (B). We need to value the shares of B and, thus, we will use three options of the structure Debt/Shareholders’ Equity in order to obtain the WACC as: 1) Present structure of A

  • Q : How form a portfolio with higher

    Does this make any sense to form a portfolio comprised of companies along with a higher return/dividend?

  • Q : What is Project Budget Project Budget :

    Project Budget: Collecting all costs related with completing a project is budget process. The Project Management Institute states that "aggregating the predictable costs of individual actions or work projects (establishing) an authorized cost baseline

  • Q : Who were the creators of uncertain

    Who were the creators of uncertain volatility model?

©TutorsGlobe All rights reserved 2022-2023.