Valuation Nuances

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Unlevered Free Cash flows vs. Tax Effected Ebit as starting point for Gordon Growth Method
Hi Pr. Hamilton, I took your DCF modeling course where we went through how to forecast, model, and value HRH. There we used unlevered free cash flows to value the company using the Gordon Growth method (perpetuity growth method). My question is why did we use unlevered free cash flows instead of tax... Read More