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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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Why Nigerian Finance Professionals Are Choosing the Valuation Master Class Boot Camp

By Andrew Stotz

Nigeria’s finance industry is growing rapidly, and professionals looking to stand out need more than just theoretical knowledge. The Valuation Master Class Boot Camp has become the go-to program for Nigerians eager to gain hands-on valuation experience, develop resilience, and transform their careers.

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Why Thai Finance Professionals Are Choosing the Valuation Master Class Boot Camp

By Andrew Stotz

The financial sector in Thailand is rapidly evolving, and professionals aiming for top-tier careers must equip themselves with real-world valuation skills.

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The Valuation Boot Camp That Fast-Tracks Your Finance Career

By Andrew Stotz

We designed the Valuation Master Class Boot Camp for ambitious early-to-mid-career finance professionals, driven students, recent graduates, and committed career switchers.

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From Engineering to Finance: How the Valuation Master Class Boot Camp Can Transform Your Career

By Andrew Stotz

Are you an engineer considering a career shift to finance? You’re not alone. Many engineers have successfully transitioned into finance through the Valuation Master Class Boot Camp, a six-week intensive program designed to provide practical valuation skills and real-world experience.

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Has Tencent Become a Private Equity Fund?

By Andrew Stotz

Tencent achieved its competitive advantage by creating a powerful ecosystem that spans across various industries such as gaming, social media, e-commerce, entertainment, and more. This ecosystem helped the company dominate the market.

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Is It Time to Dump Your Starbucks or Fill up Your Cup?

By Andrew Stotz

Starbucks had its worst day in trading since June 2022 %

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Tesla – The Good Old Days Could Be Gone for a While

By Andrew Stotz

Our research shows that Tesla, Inc. is a SELL based on a target price of US$139, implying a downside of 31%. We derive our target price from a DCF-based valuation.

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Let’s Understand Why Tesla Owner Elon Musk Is No Longer Laughing About BYD…

By Andrew Stotz

I estimate BYD’s value at RMB277 per share, implying an upside of 30% from today’s price. This is derived from my DCF-based valuation using a WACC of 9.7% and a terminal growth rate of 3%.

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Airbus Has Outperformed the S&P500 Since 2016

By Andrew Stotz

What’s interesting about Airbus is…that since 2016 it has outperformed the S&P500.

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