Intriguing Technical QuestionIB
I have a technical question in relation to DCF and capital raisings that some of you might be able to help me with:
- When doing a DCF for capital raising purposes (more specifically new equity), after discounting the cash flows and summing them to the PV of Terminal Value you would get to your Enterprise Value. Then you would deduct Net Debt to get to your equity value.
My question then is: does it result a Pre-Money or a Post-Money Equity Value???