Terminal Value

Horizon Technology Finance Corporat... (HTFA)

$25.15

-0.02 (-0.08%)
Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -



Now that we’ve estimated the free cash flow generated over the five-year forecast period, we need to estimate the value of Horizon Technology Finance Corporation 6.25% NT 22’s cash flows after that period (if we don’t include this, we would have to assume that Horizon Technology Finance Corporation 6.25% NT 22 stopped operating at the end of the five-year forecast period). To do so, we’ll determine the company’s terminal value.