Equity Valuation

Free-Cash-Flow Yield

Definition

What is Free-Cash-Flow Yield?

Free cash flowCash remaining after operating cash flow and necessary capital expenditure, under the stated definition. divided by market capitalisationThe market value of a company's outstanding shares, calculated as share price multiplied by shares outstanding..

Example in practice

How This Looks in Practice

₦5 billion FCF on a ₦50 billion market valueThe price at which an asset could trade in the market at a given time. gives a 10% FCF yield.

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