FCF (Free Cash Flow)

Question 1

FCF Calcualtion

Answer 1

NOPAT
+ Depreciation
- Changes in NWC (Net Working Capital)
- CAPEX (Capital Expenditure)

Question 2

Changes in NWC Accounts

Answer 2

Accounts Receivable
Inventory
Other Current Assets
Accounts Payable
Other Current Liabilities

Question 3

CAPEX Accounts

Answer 3

PPE
Other Non-Current Assets

Question 4

Terminal Value and Enterprise Value

Answer 4

=FCF*(1+g)/(WACC-g)
=NPV(WACC,TOTALS)