A DCF valuation (discounted cash flow valuation) estimates what a company is worth today by projecting its future cash flows and discounting them back to present value. It is the most widely used intrinsic valuation method in investment banking, equity research, and corporate finance because it values a business based on its own fundamentals rather…
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Improve Your CFA Exam Score
If you were to ask anybody who has ever taken the CFA exam, they would tell you one thing, it…
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Overly Optimistic Revenue Forecasts: The #1 Valuation Mistake (and How to Avoid It)
What Is the #1 Valuation Mistake? Overly optimistic revenue forecasts are the most common and damaging mistake in company valuation.…
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What to Expect on the CFA Level 3 Exam
Two exams behind you and one of the final CFA hurdles lies ahead in June 2019. As you’re no doubt…
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Questions to Expect in a Case Competition
Part 1 of 6: Revenue Questions Over the years, I’ve been a judge in various case competitions from the CFA…
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Your CFA Result Is Void: How Not to Fail
Now, the CFA exams are nothing if not popular. Last year, nearly 220,000 candidates sat the CFA exams from hundreds…
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What to Expect on the CFA Level 2 Exam
If you’re reading this then you’ve already probably passed your CFA Level 1 exam and are getting ready to register…
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A Complete Guide to the CFA Equity Investments Topic
Of the many degrees and credentials a financial professional can hold, the designation of CFA charterholder could be considered the…
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The Difference Between Stock Value and Stock Price
It’s easy to assume that a company’s stock value correlates with its price, but this isn’t always the case. There’s…
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My #1 Study Tip for the CFA Exams
Many successful CFA charterholders credit their success in the CFA exams with their study habits. Personally, I believe it is…
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