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Business Valuation

Enterprise value approximates the value of operating assets. Equity value belongs to shareholders.

Your starting point

Corporate Finance and Dealmaking

Do two businesses with the same share value cost the same to acquire? A simple bridge adds financial debt and subtracts excess cash. Real deals may include preferred equity, noncontrolling interests and other debt-like adjustments.

Enterprise and equity valueFoundation · Quick, Deep, ApplyStress-test terminal valueAdvanced · Quick, Deep, ApplyPrerequisite · Build a DCF

Use the linked prerequisite and related topics to build your path.