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1. Explain the difference between a company's operating cash flow and its free cash flow. Describe the key features of the free cash flow approach

1. Explain the difference between a company's operating cash flow and its free cash flow. Describe the key features of the free cash flow approach to valuation. 2. What does the phrase sustainable earnings mean? What types of earnings are not sustainable? 3. What are abnormal earnings? Describe the key features of the abnormal earnings approach to valuation.

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1 Operating Cash Flow vs Free Cash Flow and Free Cash Flow Valuation Operating Cash Flow OCF Represents the cash generated by a companys core business ... blur-text-image

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