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Models for Evaluating the Company on FCFE and FCFF basis


  • Gabriela-Victoria ANGHELACHE

    (Academy of Economic Studies, Bucharest)

  • Andreea NEGRU (CIOBANU)

    (Academy of Economic Studies, Bucharest)

  • Gheorghe LEPADATU

    („Dimitrie Cantemir“ Christian University - Bucharest)


The basic idea when evaluating the companies on the basis of the cash-flows expected to e generated in the future consists of up-dating the available cash-flows at an appropriate rate of the expected yield. However, the matter gets complicated if considering the fact that we can utilize both the cash-flow available at the company level (FCFF), and the cash-flow available with the purpose of being distributed to the shareholders (FCFE).

Suggested Citation

  • Gabriela-Victoria ANGHELACHE & Andreea NEGRU (CIOBANU) & Gheorghe LEPADATU, 2012. "Models for Evaluating the Company on FCFE and FCFF basis," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 60(4), pages 80-86, November.
  • Handle: RePEc:rsr:supplm:v:60:y:2012:i:4:p:80-86

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    More about this item


    cash-flows; assets; financial indicators; capital; models; investment;

    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill


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