Posts by Andrew Stotz
Careers in Finance with Paul Gambles
Careers in Finance with Wim Steemers
Careers in Finance with Frank Schwab
What Is Free Cash Flow to the Firm?
Free cash flow to the firm (FCFF) is the cash flow that a company is ‘free’ to distribute to all providers of money (both, debt and equity) without damaging its growth opportunities. Below I explain the process an analyst would go through to estimate free cash flow. Like all forecasts, your FCFF starts with your…