Estimating sustainable normalized operating free cash flow
Subject
Finance
Publishing details
Social Sciences Research Network
Authors / Editors
Cooper I A
Biographies
Publication Year
2016
Abstract
This note discusses the choices involved in estimating sustainable normalized operating free cash flow, which is the single most important driver of enterprise value. Being able to make a well-justified estimate of sustainable free cash flow is a basic skill in enterprise valuation. Heinz in 2012 and BP in 2016 are used as illustrations.
Keywords
Normalized Cash Flow; Sustainable Cash Flow; Enterprise Value
Series
Social Sciences Research Network