Ungeared cash flow: Difference between revisions
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imported>Doug Williamson (Add short-form presentation.) |
imported>Doug Williamson (Link with Ungeared beta page.) |
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* [[Geared cash flow]] | * [[Geared cash flow]] | ||
* [[Gearing]] | * [[Gearing]] | ||
* [[Ungeared beta]] | |||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Revision as of 10:45, 18 April 2015
The recalculated cash flow from a firm or a project, assuming that it was all-equity financed.
(Regardless of the actual or proposed capital structure.)
For a steady state business, a quick estimate of it would be:
Profit before interest and tax x (1 - corporate tax rate)
( PBIT x (1 - T) )
