This document discusses various methods for valuing a company including free cash flow to equity holders using statements of cash flows, residual income valuation, discounted cash flow valuation, and steady state abnormal return on equity valuation. It also mentions multiples valuation and comparing a company's return on equity to its cost of equity as valuation techniques.
This document discusses various methods for valuing a company including free cash flow to equity holders using statements of cash flows, residual income valuation, discounted cash flow valuation, and steady state abnormal return on equity valuation. It also mentions multiples valuation and comparing a company's return on equity to its cost of equity as valuation techniques.
This document discusses various methods for valuing a company including free cash flow to equity holders using statements of cash flows, residual income valuation, discounted cash flow valuation, and steady state abnormal return on equity valuation. It also mentions multiples valuation and comparing a company's return on equity to its cost of equity as valuation techniques.
ash + OA = L + RE + OE cash + OA = L + RE + NI DIV et CF = NI OA + L Div + OE FO = NI OA(oper) + L(oper) FI = - OA(capex) FF= L(fin) + OE Div FO (Direct)= (sales- AR)-(COGS+ inv- AP)-taxes Valuation Residual Income Multiples