Tag: #TerminalValue
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Why some DCFs have a “Terminal Value” — and some don’t.
When doing a valuation, we often see a terminal value added at the end of the DCF model.But not every company has one. Why? For companies that can be assumed to continue operating indefinitely — like manufacturers, trading firms, or service businesses — analysts usually project cash flows for 5 years, then assume a terminal…
ORNA Company Limited 