Posts by: Kate C
Equity value derived from DCF
At the end of DCF model, when I have the implied enterprise value, deduct net debt and finally get an equity value, is this considered a pre-money equity value? Should I add back IPO offer size to get a post-money equity value?
At the end of DCF model, when I have the implied enterprise value, deduct net debt and finally get an equity value, is this considered a pre-money equity value? Should I add back IPO offer size to get a post-money equity value?
WACC
1. When calculating cost of equity (in order to derive WACC) by CAPM, which country's risk free rate and market risk premium should be adopted? Let's say it's a Korean company doing most of its business in Korea, going to list in HK, but reporting currency is USD... 2. Following last question, whe... Read More
1. When calculating cost of equity (in order to derive WACC) by CAPM, which country's risk free rate and market risk premium should be adopted? Let's say it's a Korean company doing most of its business in Korea, going to list in HK, but reporting currency is USD... 2. Following last question, whe... Read More
My subject company is a private one going to IPO. Let's say I have concluded the industry average P/E and am going to calculate subject company's implied market cap. Is this market cap considered pre-money or post-money? Because if that is a post-money market cap a.k.a. enlarged share capital, the o... My subject company is a private one going to IPO. Let's say I have concluded the industry average P/E and am going to calculate subject company's implied market cap. Is this market cap considered pre-money or post-money? Because if that is a post-money market cap a.k.a. enlarged share capital, the offering size would be a different story from deriving from a pre-money market cap. Read More