The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Capital Cash Flows: A Simple Approach to Valuing Risky Cash Flows
Open accessAbstract
This paper presents the Capital Cash Flow method for valuing risky cash flows. I show that the Capital Cash Flow method is equivalent to discounting Free Cash Flows by the weighted average cost of capital. Because the interest tax shields are included in the cash flows, the Capital Cash Flow approach is easier to apply when the level of debt changes or when a specific amount of debt is projected. The paper also compares the Capital Cash Flow method to the Adjusted Present Value method and provides consistent leverage adjustment formulas for both methods.
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Citations
Cites
The Valuation of Cash Flow Forecasts: An Empirical Analysis
KAPLAN, S. N., & RUBACK, R. S. (1995) · The Journal of Finance · doi:10.1111/j.1540-6261.1995.tb04050.x · Cited by 512
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Cited by
Valuation Approaches and Metrics: A Survey of the Theory and Evidence
Damodaran, A. (2007) · Foundations and Trends® in Finance · doi:10.1561/0500000013 · Cited by 326
Metadata
- Authors
- Ruback, R. S.
- Venue
- Financial Management
- Publisher
- Wiley
- Published
- 2002
- Volume
- 31
- Issue
- 2
- Pages
- 85
- ISSN
- 0046-3892 (ISSN-L)
- OpenAlex
- W3123846658
- Cited by
- 298
- References
- 1
- FWCI
- 60.94
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
