Cash Flow Analysis

Free Cash Flow to Equity

Definition

What is Free Cash Flow to Equity?

Cash flow available to ordinary shareholders after operating needs, investmentAn asset or commitment of money made with the expectation of future income, growth, or both., and net debtInterest-bearing debt minus cash and cash equivalents. flows.

Example in practice

How This Looks in Practice

An equity analyst discounts FCFE at the cost of equityThe return required by equity investors for bearing ownership risk..

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