When working towards a DCF, in order to properly adjust financials to operating leases (adjusted EBIT, adjusted interest expenses and adjusted debt), you need to establish the present value of operating lease commitments as they are presented in the notes to the financial statements but the company I'm researching doesn't disclose these operating leases.
My best estimate is to use the current value of operating leases for the next 5 years and discount them to the adjusted cost of debt.
Am I doing it right?
Submitted June 23, 2021 at 08:03AM by OppositeFingat https://ift.tt/3xLefNv
