Estimación Flujos de Caja Para Evaluación de Proyectos y Valoración de Empresas (Estimating Cash Flows for Project Assessment and Firm Valuation)
Grupo Consultor CAV Capital Advisory & Valuation
Duke University - Duke Center for International Development in the Sanford School of Public Policy
January 31, 2012
I. Velez-Pareja & J. Tham, TOPICOS EN VALORACIÓN DE ACTIVOS NO FINANCIEROS, Fondo Editorial EAFIT, 2012
The English version of this paper can be found at http://ssrn.com/abstract=1557845.
This chapter is devoted to the definition and calculation of cash flows, namely, cash flow to debt, (CFD), cash flow to equity, (CFE), Capital Cash Flow, (CCF), tax savings, (TS) and free cash flow, (FCF). The direct and indirect methods are used to derive the relevant cash flow profiles for the different stakeholders. These cash flows are the basis for the valuation of a firm or project. The operating cash flow is analyzed as well.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 43
Keywords: Free cash flow, debt cash flow cash flow to equity, capital cash flow, tax savings, operating cash flow
JEL Classification: D61, G31, H43
Date posted: February 2, 2012 ; Last revised: March 12, 2012