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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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Careers in Finance with Sanit Sirikolkarn

By Andrew Stotz

Luck plays a big role in your life, but it comes at different times. It doesn’t mean that you will always be unlucky. So, you have to be prepared for it. Be mindful of your ego. It could ruin your career in finance.

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Careers in Finance with Tochathorn Somjaivong

By Andrew Stotz

Learn more about the human/soft side of the business because that is one of the most important aspects of business success. The world of finance is not science. There are models and theories in finance but not laws. Focus on continuous learning and development.

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Careers in Finance with Angus Mackintosh

By Andrew Stotz

Being able to condense ideas into a short and succinct description is better than just being a spreadsheet expert. The socialization side of things is very important in this industry, make friends and keep them.

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Careers in Finance with Kagal Gupta

By Andrew Stotz

When you are new in your career, it is time to enhance your skills. Whenever a chance to get further knowledge comes up, go for it. Be open and flexible to new areas.

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Careers in Finance with Erik Budiman

By Andrew Stotz

Research analysts are the backbone of an investment bank; they are like the chef in a restaurant. But they cannot exist if no one is selling the food.

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Careers in Finance with Paul Gambles

By Andrew Stotz

Critical faculty, skepticism, and questioning have got to be one of the key traits for people in the industry in the future. Your understanding is now more important than knowledge.

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Careers in Finance with Frank Schwab

By Andrew Stotz

If you’re just starting your career in finance, don’t compare yourself to veterans because it’s impossible to have the experience they have. Instead, compare yourself with your peers.

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Careers in Finance with Wim Steemers

By Andrew Stotz

You may think your job is to get every call right. No, that’s not your job. Your job is to get more right than wrong. And be prepared to get it wrong, because that will happen. That’s part of the job.

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What Is Free Cash Flow to the Firm?

By Andrew Stotz

Free cash flow to the firm (FCFF) is the cash flow that a company is ‘free’ to distribute to all…

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