This might be a really basic question.
But I was just wondering: the formula for Enterprise Value as we all know it is debt + equity + MI - cash - Inv in Unconsolidated Entities.
However, what is the difference between the enterprise value calculated using this formula vs. enterprise value that you calculate from(i.e. a function of , wacc, proportion of debt & equity, cost of debt & equity, beta, etc.)
Is it just a difference in the calculation method because they may yield completely different results as theis usually heavily weighted on the TV which is based on your forecast and assumptions?