Free Cash Flow to Growth Multiple
I recently came across a "Free Cash Flow to Growth" multiple. Not familiar with this metric so wanted to confirm my thinking. Is this the right way to think about this multiple:
(EV/Stabilised FCF)/(1+g)
This is related to fast growing TMT company. Have done some research but nothing turned-up (unsurprising given it's already a bit niche).
Any colour around using the multiple, appropriate FCF and g would be very helpful.
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