“Projections of future financial performance over multiple periods are needed in valuation models that estimate the value of a company or its equity”
Institute, CFA. 2016 CFA Level I Volume 3 Financial Reporting and Analysis. CFA Institute, 07/2015. VitalBook file.
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What is value of a company vs its equity? i.e. what is the value of a company? And what is the value of its equity? I guess value of its equity is simply share price times by number of shares outstanding i.e. market capitalisation?