CFA Level 2 | Equity Valuation: Calculating FCFF and FCFE from Financial Statements

*************************************** Link to Excel file: https://drive.google.com/open?id=1EPV... *************************************** CFA Level 2 Topic: Equity Valuation Learning Module: Free Cash Flow Valuation The free cash flow is a key input into the Discounted Cashflow (DCF) model. When free cashflow to the firm (FCFF) is used in the DCF model, the output is the firm value. When free cashflow to equity (FCFE) is used in the DCF model, the output is the equity value. In this video, we will explore the different variations in computing FCFF and FCFE. Visit www.noesis.edu.sg/programme/cfa for more information on CFA Program prep courses offered by Noesis Exed.