DCF analysis on car rental companies

Hello guys and gals, I need help with a DCF analysis for a car rental company. First, do I include vehicle related depreciation and amortization in my EBITDA number or not? Second, do I include vehicle related capex numbers in the dcf, if I do I get negative cash flow, I suppose I don't include it, but my question here is why? The company itself only measures non-vehicle related D&A and non-vehicle related capex for their numbers, but If I hop on a website like "Gurufocus" they include both vehicle and non-vehicle related numbers in their D&A and Capex values. Any help and explanation will be welcomed.

2 Comments
 

Hey Christian-Stoyanov, I'm here to break the silence...any of these links help you?:

  • DCF Analysis: Why do we use an unlevered Free Cash Flow to Firm, but discount it with the WACC (Levered)? So the title is basically my question. We use the WACC to discount the FCF and I do not completely ... understand why we are using something levered to discount something unlevered! ...
  • Discounting cash flows back to 2015--use mid-year discounting? (mid-2015), do you discount cash flows back to 2015, or do you account for the fact that it's the middle ... Hey all, quick question about DCF valuation. If you're valuing a company right now ... of the year? In other words, should you discount back to 2015.5? Thank you all in advance! DCF ...
  • Free Cash Flow to Firm vs. Free Cash Flow to Equity Growth Rates performing a discounted cash flow analysis on levered free cash flow, you are examining the cash flow ... How to discount levered and unlevered free cash flow? When performing a discounted cash flow analysis ... someon explai
  • pre-made discounted cash flow model service of creating a company which analyzed companies' financials, developing pre-made discounted cash ... flow models. These DCFs could be downloaded and used as analysis tools for investors. I came up with ... on the companies themselves. Currently, I don't think there is anything out there that provides ...
  • Levered vs. Unlevered Free Cash Flow Difference performing a discounted cash flow analysis on unlevered free cash flow, you are examining the cash flow ... the capital structure. When performing a discounted cash flow analysis on levered free cash flow, you ... for
  • Discounted cash flow (DCF) has a great amount of cash, the DCF method ignore such fact and in my opinion get lower company value ... than it should be. In my opinion, we should add outstanding cash to discounted FFCF of the company to ... Hello everybody, I cannot understand 2 questions so far in DCF valuation: 1) Why cash which is ...
  • discounted cash flows company using a discounted cash flows for the value of the company is currently DCF analysis ... Is the cash available to start a company in the base year when calculating the value of the ...
  • More suggestions...

Fingers crossed that one of those helps you.

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