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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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Merger Arbitrage

By Valuation Master Class Student

Merger arbitrage is an investment strategy that trades stocks of companies in special situations.

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Review the concept of WACC

By Valuation Master Class Student

A firm uses a mix of equity and debt to minimize the cost of capital.

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How to Value Cyclical Companies

By Valuation Master Class Student

Cyclical companies have different characteristics compared to non-cyclical companies. One of the main differences is that these companies have volatile earnings due to economic conditions.

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Which Valuation Method is the Most Suitable for Different Types of Companies?

By Valuation Master Class Student

Nowadays, we hear more and more that the stock market is overvalued. What does it mean? It means that the intrinsic value of the company is lower than the current stock price.

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Overview of the Petrochemical Industry in Thailand

By Valuation Master Class Student

Petrochemical companies use products from crude oil and natural gas to produce petrochemical products to be used as raw materials in many industries.

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Questions to Expect in a Case Competition

By Andrew Stotz

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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Time to Celebrate! Valuation Training in Kuala Lumpur

By Andrew Stotz

Today marks the 5th Valuation Master Class Live session held so far! Time to celebrate! So far, we’ve held Live…

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On Bloomberg: Thai Banks Look Pretty Interesting

By Andrew Stotz

I appeared on Bloomberg Markets today discussing the upcoming election in Thailand, the current state of the Thai economy and…

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