Corporate Finance. Class 05 DCF Valuation Daniel Sungyeon Kim Peking University HSBC Business School. Class outline. Sequential Valuation The Country Motel Case. Motivation. So far, we discussed the fundamental principles of valuation TVM concepts, FCF analysis, etc.
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Class 05 DCF Valuation
Daniel Sungyeon Kim
Peking University HSBC Business School
= Depreciation * tax rate
= FCF – depreciation tax shield
= $72,669 - $6,061 = $66,639
= $6,061 + $ 66,639 = $72,669
Real sales growth = b + m* real GDP growth