Professional Documents
Culture Documents
DCF Model Structure
DCF Model Structure
Source
Use historical evidence in order to make assumptions about the future
1 2
P&L Assumptions BS Assumptions
3 4
P&L Output BS Output
An output sheet showing clean An output sheet showing clean
P&L numbers BS numbers
5
Cash Flow
6
Discounted Cash Flow
Discount the cash flows during the explicit forecast period and calculate the terminal value of the
business, which results in Enterprise Value