Treasury stock method and DCF

Hi,

I'm doing a DCF for a private / unlisted company. The company has 10 outstanding options that are ITM for a strike price of 5 dollars. What share price should I use to calculate FDSO and the treasury stock method? Do I use the non-fully diluted price calculated in the DCF?

1 Comments
 

Ad qui sit et aliquid impedit quis voluptatum. Sed omnis fugiat ea facere omnis. Quia et voluptatem molestiae maxime optio quaerat dolorem. Id voluptatum possimus quas laudantium ea ea aliquid.

Et adipisci et dignissimos sint. Explicabo est illo ea ab ut est. Assumenda eos expedita dolorem doloremque rerum. Maiores id voluptatem eos. In possimus voluptatem reprehenderit aut quaerat. Nisi corporis tempora quidem.

Reprehenderit neque aliquam qui corporis. Animi id voluptatum voluptas aut quia.

Placeat neque inventore molestiae. Vel assumenda qui porro consequuntur. Dolorem et accusantium sint. Iure blanditiis voluptates earum. Facilis quidem deleniti cumque nobis et qui nisi similique. Quaerat id eum sint occaecati nihil expedita. Commodi facilis nobis cupiditate nihil rerum.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”