Put a number on any business.

Corporate Finance & Valuation.

Start from the beginning Find your career’s path ↓

13FAMILIES

125PAGES

7CAREERS USE IT

From time value to a defensible range.

INVESTFINANCEPAY OUTMAXIMISE VALUEAGENCY

Corporate Finance Fundamentals

Corporate Finance Agency Costs

Time Value of Money

YEAR 0 YEAR 1 YEAR 2 YEAR 3

GROWTHMARGINREINVESTMENTROICVALUE

Cash Flow and Value Drivers

Reinvestment Revenue Growth

Cost of Capital

The Cost of Capital Sunk Cost vs Opportunity Cost

Capital Structure

Capital Structure

Capital BudgetingDiscounted Payback

Capital Budgeting

ACCEPT REJECT NPV > 0 ?

GAPBRIDGECASH

Working Capital Finance

Capital Rationing Working Capital Financing

Payout PolicyDividends

Payout Policy

DIVIDEND BUYBACK RETURN OF CAPITAL

ENTERPRISE VALUE− NET DEBT= EQUITY VALUE

Valuation Fundamentals

Valuation FCFF vs FCFE Valuation

Discounted Cash Flow

FCF 1 FCF 2 FCF 3 TERMINAL

Relative ValuationDCF vs Relative Valuation

Relative Valuation

P/E EV/EBITDA P/B EV/SALES PEERS

SOURCES

USES

Transaction Valuation

Transaction Value Sources and Uses

RANGEPOINT

Valuation Discipline

Decision Rules in Valuation Implied Assumptions

Pick your career. See what it needs from here.

Corporate Finance FundamentalsCORE Time Value of MoneyCORE Cash Flow and Value DriversCORE Cost of CapitalCORE Capital StructureCORE Capital BudgetingCORE Working Capital FinanceCORE Payout PolicyCORE Valuation FundamentalsCORE Discounted Cash FlowCORE Relative ValuationCORE Transaction ValuationCORE Valuation DisciplineCORE

THIS CAREER NEEDSInvestment Banking Analyst

13CORE0SUPPORT0BACKGROUND

See the bootcamp

Read it here. Do it there.

BOOTCAMPInvestment Banking AnalystDCF, comps and the LBO. Built on a live deal case.INTERNSHIP CERT.RECOMMENDATIONSee the curriculum

FREE COURSESBuilding a Discounted Cash Flow Building a Comparable Companies Table The LBO in Structure