Here you'll find "must reads" and other articles related to Valuation.
Valuation Must Reads
Adjusted EBITDA: The cure is worse than the disease
Companies are required to file financial statements in accordance with accrual accounting rules that are called Generally Accepted Accounting Principles (GAAP). GAAP gives you some leeway about which expenses you capitalize (like PP&E) and ... Read More
WACC (Weighted Average Cost of Capital): WACC Formula and Real Examples
The weighted average cost of capital (WACC) is one of the key inputs in discounted cash flow (DCF) analysis and is frequently the topic of technical investment banking interviews. The WACC is the rate at which ... Read More
EBITDA vs Cash Flow From Operations vs Free Cash Flow
EBITDA is often used as a proxy for cash flows, but many investment banking analysts and associates struggle to fully grasp the differences between EBITDA, cash from operations, free cash flows and other profitability metrics. ... Read More
Enterprise Value vs Equity Value
Questions surrounding enterprise value vs equity value seem to pop up again and again in our corporate training seminars. In general, investment bankers seem to know a lot less about valuation concepts than you'd expect given ... Read More
All Valuation & Related Articles (32)
Net Operating Profit After Tax (NOPAT): Formula and Calculation Example
Earnings Yield: Formula and Excel Calculation Example
Adjusted Present Value (APV): Formula and Calculation Example
Free Cash Flow Conversion (FCF): Formula and Ratio Analysis
Price-to-Earnings Ratio (P/E): Trailing and Forward Multiple Calculation
Capital Asset Pricing Model (CAPM): Formula and Assumptions
Net Present Value (NPV): Formula and Excel Calculation
Terminal Value Calculation: Growth in Perpetuity & Exit Multiple Approa...
Unlevered vs Levered FCF Yield: Formula & Calculation Differences
Free Cash Flow to Equity (FCFE): Levered FCF Calculation & Formula
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