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How to Build a DCF Model

How to Build a DCF Model: Step-by-Step Tutorial

By Andrew Stotz

A DCF model projects a company’s future cash flows, discounts them to today’s value, and produces an estimate of what the business is intrinsically worth. It is the core analytical tool in DCF valuation, the method used by investment banks, equity research analysts, and corporate finance teams to value companies based on fundamentals rather than…

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Can Li Ning Become a Sportswear Heavyweight?

By Andrew Stotz

What’s interesting about Li Ning is that its net profit in 2021 rose by 136%.

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Is a Hand-Made Hermès Bag a Better Long-Term Investment than Its Stock?

By Andrew Stotz

What’s interesting about Hermès is that it is still owned by the family (now in 6th generation).

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Should Warren Buffett Sell Coca Cola After 34 Years?

By Andrew Stotz

What’s interesting about Coca Cola is that Warren Buffett owns more than 9% of the company.

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Is the Equity Spin-off Enough to Unlock Daimler Truck’s Value?

By Andrew Stotz

What’s interesting about Daimler Truck is that 99.9% of the shareholders approved the spin-off.

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Will Adobe Continue to Disappoint Expectations?

By Andrew Stotz

What’s interesting about Adobe is that >90% of the world’s creative professionals use its software.

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How Long before Carlsberg Recovers from Abandoning Russia?

By Andrew Stotz

What’s interesting about Carlsberg is that goodwill accounts for a massive 40% of assets.

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Top Tips For Passing Your CFA Level 2 Mock Exams

By Andrew Stotz

Taking the CFA Level 2 exam? Don’t forget to prepare using mock exams! Check out these top tips to help you pass your CFA Level 2 mock exams.

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5 Habits to Adopt When Preparing for Level 1 of the CFA Exam

By Andrew Stotz

Preparing for a Level 1 CFA exam? Adopt these five effective habits and reach peak performance! Get ready to ace your exam.

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9 Steps to Prepping for the CFA Exams

By Andrew Stotz

For each candidate, whether they’re Level 1, 2 or 3, the exams mark a huge milestone on the ascent to…

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