Posts by: WST Expert 1
RE: Is DCF a pre- or post-tax value?
Remember, with a DCF, you are attempting to map out future cash flows you receive. Thus, for the projection period, you receive FCFF which is indeed after tax, specifically taxes the corporation pays. For TV, while it is "pre-tax" since using EBITDA, if you were to sell the business, you would recei... Read More
Remember, with a DCF, you are attempting to map out future cash flows you receive. Thus, for the projection period, you receive FCFF which is indeed after tax, specifically taxes the corporation pays. For TV, while it is "pre-tax" since using EBITDA, if you were to sell the business, you would recei... Read More
RE: Complex Trading: Quick cost of debt question
Please refer to our Finance 101 video.
The cost of debt is supposed to be the marginal borrowing rate, which is proxied by the weighted average of current debt outstanding for that company.
Please refer to our Finance 101 video.
The cost of debt is supposed to be the marginal borrowing rate, which is proxied by the weighted average of current debt outstanding for that company.
Re: Macro partially disabled
We've never heard of compatibility issues with the Bloomberg add-in actually. Many of our macro users have our macros and Bloomberg simultaneously. We're not sure if Bloomberg changed their add-ins or not. Can you specify which parts specifically are interfering? For CapIQ, FactSet macros, the sim... Read More
We've never heard of compatibility issues with the Bloomberg add-in actually. Many of our macro users have our macros and Bloomberg simultaneously. We're not sure if Bloomberg changed their add-ins or not. Can you specify which parts specifically are interfering? For CapIQ, FactSet macros, the sim... Read More
RE: DCF - FCFF time horizon and excluding Terminal Value
Thank you for your inquiry. If you don't include a TV, you are assuming the business dissipates after the end of your projection period. To answer your specific question, it depends on your growth rate, TV multiple and discount rate assumptions and how many years you decide to go out. See o... Read More
Thank you for your inquiry. If you don't include a TV, you are assuming the business dissipates after the end of your projection period. To answer your specific question, it depends on your growth rate, TV multiple and discount rate assumptions and how many years you decide to go out. See o... Read More
Re: WACC : Historical Beta Values
Q1) Bloomberg should be able to handle that easily. Go to Ticker <EQUITY> Beta and you can customize date range and periodicity. Most other financial database vendors should also be able to handle. Q2) it's really not that hard. Our online course, Advanced Financial Modeling - Enhancements to... Read More
Q1) Bloomberg should be able to handle that easily. Go to Ticker <EQUITY> Beta and you can customize date range and periodicity. Most other financial database vendors should also be able to handle. Q2) it's really not that hard. Our online course, Advanced Financial Modeling - Enhancements to... Read More
RE: Deferred Maintenance Revenue treatment for TEV
Thank you for your inquiry. Normally speaking, TEV focuses only on capital structure and "sources of funds". In other words, it focuses on valuation of entities. However, your question focuses on a "working capital", "day-to-day operations" of the company as opposed to capital structure. Th... Read More
Thank you for your inquiry. Normally speaking, TEV focuses only on capital structure and "sources of funds". In other words, it focuses on valuation of entities. However, your question focuses on a "working capital", "day-to-day operations" of the company as opposed to capital structure. Th... Read More
RE: Growth Vs %rev
Correct, whenever possible, you would try to use as much detail as possible. This requires an understanding of the company and sector you are analyzing. The idea is definitely to isolate the drivers of growth in your company and try to project that out.
Correct, whenever possible, you would try to use as much detail as possible. This requires an understanding of the company and sector you are analyzing. The idea is definitely to isolate the drivers of growth in your company and try to project that out.
Re: Urgent : Historical Betas Database
Please see response posted to your other topic
Please see response posted to your other topic
Re: Macro partially disabled
If you have a few minutes, please send an email to info@wallst-training.com with your email and phone number.
One of our guys (or Hamilton himself) will call you to troubleshoot.
Thanks.
If you have a few minutes, please send an email to info@wallst-training.com with your email and phone number.
One of our guys (or Hamilton himself) will call you to troubleshoot.
Thanks.
Both are correct.
Do 12/31/07 because that's latest KNOWN actuals.
Do 6/30/08 for more "accuracy"; HOWEVER, that's why you build a model - so you know 6/30/08 estimated Net Debt!!!!!!!!!!! mis-match 6/30/08 DCF with 12/31/07 net debt - *head shaking*. YOU'RE FIRED!