Corporate Finance & Valuation

  1. F1

    Corporate Finance Fundamentals

    The three decisions a company makes with money, and what it is trying to maximise.

    • Framework

      How Capital Allocation Affects Long-Term Firm Value

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  2. F3

    Cash Flow and Value Drivers

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

    • Framework

      How to Normalise Earnings and Cash Flow for Valuation

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  3. F4

    Cost of Capital

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

    • Framework

      How to Estimate a Cost of Capital When There Is No Share Price

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  4. F5

    Capital Structure

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

    • Framework

      How to Analyse a Company’s Capital Structure

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    • Framework

      How Leverage Can Increase and Reduce Equity Value

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  5. F6

    Capital Budgeting

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

    • Framework

      How to Resolve NPV and IRR Conflicts: The Crossover Rate

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  6. F9

    Valuation Fundamentals

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

    • Framework

      How to Build a DCF Valuation: The Seven Choices That Decide It

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    • Framework

      How to Build a Sum-of-the-Parts Valuation

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    • Framework

      How to Build a Valuation Sensitivity Table

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  7. F10

    Discounted Cash Flow

    The intrinsic method, built step by step from normalisation to terminal value.

    • Framework

      How to Forecast Free Cash Flow: Five Lines That Must Agree

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    • Framework

      How to Audit a DCF Model: Four Defects and Where to Find Them

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  8. F11

    Relative Valuation

    The market method. Peers, multiples and which one a business deserves.

    • Framework

      How to Select Comparable Companies: A Repeatable Six Step Screen

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  9. F12

    Transaction Valuation

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

    • Framework

      How to Analyse Accretion and Dilution, Step by Step

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    • Framework

      How to Build an LBO Returns Model, Year by Year

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  10. F13

    Valuation Discipline

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

    • Framework

      How Valuation Ranges Improve Decision Discipline

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    • Framework

      How to Check Discount Rate Consistency in a Valuation

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