Deloitte Interview Question: How would you value X company... | Glassdoor

Interview Question

Corporate Finance Summer Analyst Interview Chicago, IL

How would you value X company? Calculate FCF, working

  capital, enterprise value, etc. Does anything strike you as odd about these financial statements? Which? Why?
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finance, intern, investment banking, corporate, analyst, summer
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Interview Answer

2 Answers

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DCF, transaction comps, trading comps. FCF= NI +D/A -change in net working capital -capex. Working capital = current assets- current liabilities. Enterprise value = market cap + debt - cash + minority interest/pref shares.

Interview Candidate on Feb 28, 2014
1

For FCF ... assuming FCF to the firm, i.e. FCFF, I think the "interest paid" needs to be added back.
Working capital, depending upon data given, narrowed down to (Inventories + A/c Receivables - A/c Payables).

SPA on Aug 7, 2014

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