Estimating Cash Flows for Project Appraisal and Firm Valuation

Ignacio Velez-Pareja () and Joseph Tham ()

No 6738, Proyecciones Financieras y Valoración from Master Consultores

Abstract: This teaching note is devoted to the definition and calculation of cash flows, namely, cash flow to debt, (CFD), cash flow to equity, (CFE), capital cash flow, (CCF), tax savings, (TS) and free cash flow, (FCF). We use the direct and the indirect methods to derive the relevant cash flow profiles for the different stakeholders. These cash flows are the basis for the valuation of a firm or project.

Keywords: Cash Flows; Free Cash Flow; Cash Flow To Equity; Cash Flow To Debt; Capital Cash Flow; Tax Savings (search for similar items in EconPapers)
JEL-codes: E47 G12 G30 G31 (search for similar items in EconPapers)
Pages: 37
Date: 2010-03-03
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:col:000463:006738

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