Abstract
The Discounted Cash-Flow (DCF) model can be applied in Asset Side (DCFAS) perspective other than in the Equity Side (DCFES) perspective as analyzed in the previous chapter. While in the Equity Side perspective, we estimate the Equity Value of the firm, in the Asset Side perspective, we estimate the entire Firm Value. Consequently, while in Equity valuation we consider the perspective of the shareholders only, in the Enterprise valuation, we consider the perspective of all investors in equity and debt of the firm.
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References
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De Luca, P. (2023). Firm Valuation Models. In: Corporate Finance. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-18300-3_24
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DOI: https://doi.org/10.1007/978-3-031-18300-3_24
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