Across
- 1. process of converting future value to present value
- 5. estimated future financial performance
- 7. return based on government securities
- 8. measure of stock risk relative to the market
- 10. value of money today
- 12. value belonging to shareholders
- 15. day to day operating expenses
- 16. cash generated by a business
- 17. profitability level affecting cash flow
- 18. average cost of capital used as discount rate
Down
- 1. borrowed capital included in valuation
- 2. corporate tax assumption used in DCF
- 3. true value derived from fundamentals
- 4. spending on long term assets
- 6. total firm value including debt and equity
- 7. total income from sales
- 9. cash left after operating and capital spending
- 11. assumption for future cash expansion
- 13. value of cash flows beyond forecast period
- 14. valuation method based on future cash flows