I am bit confused in these two components 1. incremental FCI 2. Capital expenditures…
can sm1 plz explain me which one to consider to value the equity ? and plz distuinguish b/w these two. As, curriculum takes both the components to value equity at different time.
Incremental FCI might refer to CFI netted against depreciation charges. While CAPEX is just the gross free cash outflow for fixed investment. Ultimately you should use the net increase in capex in the end as it is a function of gross CAPEX.
