Valuation

The discounted cash flow (DCF) analysis represents the net present value (NPV) of projected cash flows available to all providers of capital, net of the...

Unlevered free cash flow ("UFCF") is the cash flow available to all providers of capital, including debt, equity, and hybrid capital. A business or asset...

The terminal value (TV) captures the value of a business beyond the projection period in a DCF analysis, and is the present value of all subsequent cash...

Calculating Enterprise Value The enterprise value (EV) of the business is calculated by discounting the unlevered free cash flows (UFCFs) projected over...

The adjusted present value ("APV") analysis is similar to the DCF analysis, except that the APV does not attempt to capture taxes and other financing effects...