Equivalence of ten different discounted cash flow valuation methods

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Fernandez, Pablo;
  • Subject: discounted cash flow valuation; valuation; equity cash flow; free cash flow;
    • jel: jel:G12 | jel:G31 | jel:M21

This paper shows that ten methods of company valuation using discounted cash flows (WACC; equity cash flow; capital cash flow; adjusted present value; residual income; EVA; business's risk-adjusted equity cash flow; business's risk-adjusted free cash flow; risk-free-adj... View more
  • References (3)

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    Modigliani, F. and Miller, M. (1958), “The cost of capital, corporation finance and the theory of investment”, American Economic Review 48: 261-297.

    Modigliani, F. and Miller, M. (1963), “Corporate income taxes and the cost of capital: A correction”, American Economic Review (June): 433-443.

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