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Concept10 min read
Free Cash Flow (FCF)
The cash a business generates after paying for operations and capital investment. FCF is the cleanest measure of how much cash is actually available to investors and the foundation of DCF valuation.
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What's inside
- Definition
- Why it matters
- Formula
- Units & benchmarks
- Key levers
- Where it shows up in cases
- How it's charted
- Worked example
- Common traps
- Industry nuances
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