How to adjust valuation for a specific time point?

Hi guys,

a short question.

How would you adjust DCF if I want to arrive at a valuation as of end June 2019? Assuming that roughly half of this year's FCF will already be realized at that date, should I only consider half of the 2019 FCF in my valuation? Moreover, I should then discount it only by 6 months, shouldn't I?

Thanks! Adam

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