t********b
发帖数: 128 | 1 very basic question...beginner, sorry...
when we do financial modeling (income/balance sheet/cash flow), for the cash
flow, do we only care about the FCF? or do we need to still use the "
consolidated statement of cash flow" from the company report and do all the
projection?
i feel that the FCF can be calculated/estimated based on income and balance
sheet. what's the use of cash flow statement?
am i wrong?
also what's the best way to project the cash&cash equivalent on the balance
sheet? use historical data and ratio to sales? or some better ways?
thanks so much! would really appreciate if anyone can share some thoughts
asap... project due tomorrow :(
thanks! | j******3
发帖数: 18319 | 2 看您的project具体怎么要求的了，是只算fcf还是其他的也要。depreciation 和PP&e
在cash flow statement里。预测的话company report里一般会有guidance。或者打电
话直接问吧。
Oh, didn't see it carefully. for cash&cash equivalent on the balance
sheet, I think you need to project cash flows...It's silly, if you don't
know what the company will do in the next couple of years, and even if you
know, that doesn't mean sh*t.
cash
the
balance
balance
【在 t********b 的大作中提到】
: very basic question...beginner, sorry...
: when we do financial modeling (income/balance sheet/cash flow), for the cash
: flow, do we only care about the FCF? or do we need to still use the "
: consolidated statement of cash flow" from the company report and do all the
: projection?
: i feel that the FCF can be calculated/estimated based on income and balance
: sheet. what's the use of cash flow statement?
: am i wrong?
: also what's the best way to project the cash&cash equivalent on the balance
: sheet? use historical data and ratio to sales? or some better ways?
| b*******e
发帖数: 24532 | 3 first of all, the usage of cash flow statement is to allow people to
reconcile any conflicts or questions between the income statement and
balance sheet.
Sometimes if you just look at balance sheet and income statements, you will
not know exactly how the operationg cash flow is. E.g. some depreciation
might have been capitalized or included into SG&A rather than a single item
on income statement. How do you know? then look at CF/S.
As you can tell, projection is always projection, no best approach but
reasonable approach. You can estimate as percentage of sales, EBIT or NI. It
really depends on what the purposes of the readers.
cash
the
balance
balance
【在 t********b 的大作中提到】
: very basic question...beginner, sorry...
: when we do financial modeling (income/balance sheet/cash flow), for the cash
: flow, do we only care about the FCF? or do we need to still use the "
: consolidated statement of cash flow" from the company report and do all the
: projection?
: i feel that the FCF can be calculated/estimated based on income and balance
: sheet. what's the use of cash flow statement?
: am i wrong?
: also what's the best way to project the cash&cash equivalent on the balance
: sheet? use historical data and ratio to sales? or some better ways?
| w******x
发帖数: 2769 | 4 statement of cash flow provides a break down and reconciliation. |
|
