FCF projection tips?
Hello Monkeys,
I'm wondering how to accurately forecast FCF. Investment Banking by Rosenhaum suggests that we project future sales and use that as a reference to calculate other elements of the FCF. It seems a little bit too simple to apply to all kinds of firms. My question is, what kind of things should I beware of when I project FCF for a firm so that my projection is as accurate as possible?
Thanks.