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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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Increase Your Productivity in Valuation

By Andrew Stotz

Valuation Master Class Live is the leading valuation training workshop for aspiring students and young professionals. Prior attendees say they…

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Gain Confidence in Forecasting and Valuation

By Andrew Stotz

Valuation Master Class Live is the leading valuation training workshop for aspiring students and young professionals. Prior attendees say they…

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Learn Practical Skills in Valuation

By Andrew Stotz

Valuation Master Class Live is the leading valuation training workshop for aspiring students and young professionals. Prior attendees say they…

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Mistake #9: Not Properly Fading the Return on Invested Capital

By Andrew Stotz

We’ve covered a lot over the past Top 8 Valuation Mistakes. Don’t forget to read all these great posts here…

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On the Rise of CFA Candidates in Asia

By Andrew Stotz

The CFA program has long been viewed as an essential qualification for anyone hoping to enter the lucrative world of…

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Mistake #8: Choosing an Unreasonable Cost of Equity

By Andrew Stotz

I’ve narrowed down all the mistakes I’ve seen in my career over the last 25 years as an analyst, as…

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Mistake #7: Valuing a Stock Using the Calculated Beta

By Andrew Stotz

Now in the series, let’s move onto one of the most interesting subjects in valuation: beta. Discussing this crucial element…

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Fundamental Vs Technical Analysis for Investing

By Andrew Stotz

Investors use a number of techniques to evaluate stocks before making a trade or long-term investment decision. The two core…

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Mistake #6: Underestimating Working Capital Investment

By Andrew Stotz

If you’re jumping in halfway through the series here, be sure to catch up with the beginning Top 9 Valuation…

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