Free Cash Flow for the Firm (FCFF) Valuation Excel Model

This Excel Valuation Model is designed to value firms with operating income that is either positive or can be normalized to be

positive. It allows for up to 15 years of high growth, and can be used either as a 2-stage or a 3-stage model.

- Prof. Aswath Damodaran

Side note: If you have appreciated this model, feel free to give it a rating/review!