标题: Enterprise value [打印本页] 作者: CFA4Techie 时间: 2011-7-13 16:21 标题: Enterprise value
I know the formula, EV = MV of ttl SE + MV of debt - cash and short-term investment
But with debt, we should include both LTD and current portion of LTD (including notes payable), right?
This year's sample exam 1, Q22, notes payable is not included in EV calc, is that right?
Also, Q20, when use CCM method to calc equity value, I only deduct notes payable and LTD from the total firm value, while the answer also deduct AP? what's the deal?
Thanks all!作者: MiniMe7 时间: 2011-7-13 16:21
help please...作者: mengxu 时间: 2011-7-13 16:22
should include current portion of LTD as far as i know.作者: jarobi04 时间: 2011-7-13 16:22
EV = SE + LTD + STD + MI + Preferred - Cash作者: redskins44 时间: 2011-7-13 16:22
Thank you, so i ignore what does sample answers say作者: profil 时间: 2011-7-13 16:22
Yes, ALL debt... and Chuckrox8 is correct on accounts of MI and Preferred...作者: ninja1024 时间: 2011-7-13 16:22
Account payable shouldn't be included, right? We don't need to deduct that from firm value to get equity value作者: senlinlang 时间: 2011-7-13 16:22
Payables is not considered debt.作者: firat 时间: 2011-7-13 16:22
I believe you should deduct long term debt for CCM and for EV the formula says MV of debt but it doesnt specify.. i guess we're gona enjoy doing trial and error on the exam.
that's just stupid.作者: flyinggirl 时间: 2011-7-13 16:22
the question wanted Value of Equity extracted from EV/EBITDA (adjusted)
