Value of an asset is the present value of the expected cash flows on that asset, over its expected life. Equity valuation: value just the equity claim in the business What is the value added by growth assets? Equity: Cashflows after debt payments - Firm: Growth in operating earnings / cashflows.
Value of an asset is the present value of the expected cash flows on that asset, over its expected life. Equity valuation: value just the equity claim in the business What is the value added by growth assets? Equity: Cashflows after debt payments - Firm: Growth in operating earnings / cashflows.
Value of an asset is the present value of the expected cash flows on that asset, over its expected life. Equity valuation: value just the equity claim in the business What is the value added by growth assets? Equity: Cashflows after debt payments - Firm: Growth in operating earnings / cashflows.