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How do you compute free cash flows to firm (FCFF)?
Free cash flow to firm is a commonly used matrix to calculate the fair value of the firm.
Free cash flow to the firm is identified by reducing capex from the operating cash flows of the company.
The precise formula to calculate Free cash flow to the firm (FCFF) is
NOPAT (EBIT *(1– Tax rate))
+/- changes in working capital
+ Depreciation and Amortisation - capital expenditure
+/- Deferred tax assets/liabilities
Despite the onset of Covid-19 and its accompanying challenges, our program registered a 90%* placement rate for students on our 8 weeks training programs. Our students secure jobs at marquee investment banks such as Goldman Sachs, Credit Suisse, Morgan Stanley, Citi Bank and Deutsche Bank among others.