Equity value vs firm value vs. enterprise value

CFA Level II
#1

  1. Is firm value(FCFF discounted at the WACC) = enterprise value?

  2. Is Equity value = firm value - MV of debt correct? or Equity value = firm value + cash - MV of debt?

Thanks.

#2

Good question… I want to know too

#3

Good question… I want to know too

#4

Good question… I want to know too

#5

  1. Enterprise Value = Market value of debt, common and preferred equity minus cash and short term investments. So i guess firm value = enterprise value plus cash and short term investments.

  2. Equity value = firm value - MV of debt and preferred.