Valuation Damodaran Pdf [new] Info

Go to the company's 10-K. Find "Operating Leases." In the PDF, Damodaran explains how to capitalize those leases (add them to debt). Do that first.

Here’s the concise story:

Here is the trick from the PDF: Your terminal value growth rate cannot exceed the risk-free rate (usually 2-3%). Most PDFs fail to emphasize this. Damodaran does. valuation damodaran pdf