Corporate Finance & Valuation

The arithmetic everything else rests on. Discounting, compounding and the rate.

• 01

  Time Value of Money: The Present Value and Future Value Calculator

  Calculate

What is being discounted. Growth, reinvestment, margin and return on capital.

• 01

  Reinvestment Rate: What Growth Takes Out of This Year's Profit

  Calculate
• 02

  Economic Profit: Profit After the Cost of the Capital Used

  Calculate

The denominator. Risk-free rate, equity risk premium, country risk, beta and the weighted average.

• 01

  Cost of Capital: The Calculator and What Each Input Moves

  Calculate

The financing decision. What the mix costs, what it constrains and when it becomes distress.

• 01

  Debt Capacity: How Much Debt the Cash Flow Can Carry

  Calculate

The investment decision. Which projects clear the bar, and where the rules disagree.

• 01

  Project Appraisal: Five Projects on Five Measures at Once

  Calculate

The third decision. What is returned when reinvestment has run out of good options.

• 01

  Payout and Return of Capital: Dividends Plus Buybacks in One Ratio

  Calculate

The map of valuation. The approaches, what each assumes, and the bridge between firm and equity.

• 01

  Valuation Range: Four Methods, Four Numbers, One Span

  Calculate
• 02

  Enterprise-to-Equity Value Bridge: Every Line, With Its Reason

  Calculate
• 03

  Sum-of-the-Parts: Valuing a Company One Division at a Time

  Calculate

Valuation when control changes hands. Deal value, sources and uses, accretion, the LBO.

• 01

  LBO Returns: The Money Multiple and the Rate Behind It

  Calculate

The judgement layer. Turning a range into an answer without pretending to precision.

• 01

  Implied Growth: Solving for the Rate a Value Assumes

  Calculate