I saw MBI this article, kinda interesting: https://www.mbi-deepdives.com/sbc/
When looking at pre-profit company that gives out stock comps, do you model out share count increase? If so, how do you figure out the growth rate of share count?
If not, do you model his way like taking out SBC from FCF in the forecast period and I assume you keep the share count same as current point in time?
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I didn't read the article. But at a high level, I would model out SBC comp as % of total comp and you can model total comp as a function of avg salary and total # of employees. Do a sense check then to see how total comp looks as % of total revenue. Don't complicate it.
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