5
Unlevered Free Cash Flow
The cash flow you actually discount - how to build it, and the working-capital mechanics that trip everyone up.
Lessons in this module
Module checkpoint
3 questions · score 70% or higher to pass.
1.Which is the correct UFCF build?
2.Why tax-affect EBIT rather than use net income's tax?
3.NWC rises from $150mm to $190mm over the year. The effect on UFCF is: