Financial Modeling
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1. The listed company acquired company A for 39% shares in 2016, therefore there is a profit of associate in 2016.
2. The listed company acquired the rest 61% shares of company A in 2017, the consolidation date is 31/8/2017 according to the list co CFO.
Now my questions are, when I’m doing my DCF model:
1. Should I include the profit of associate in 2016 to project the profit forecast?
2. What should I do to adjust the 2017 P&L?
3. Since the two companies are fully consolidated from 2018, therefore should I project their P&L separately then combine it? In this way it seems there is a ton of work ahead of me. You taught us how to consolidate an M&A deal but didn’t taught us how to project an M&A deal… Read More