Build integrated financial models from scratch. Learn to construct financial statements, link them together, create forecasts, and perform DCF valuations.
Learn to build an income statement from Revenue to Net Income.
Construct a balance sheet with Assets, Liabilities, and Equity sections.
Build the cash flow statement using the indirect method.
Master the roll-forward schedules that link the statements.
The balance check, an error trap with an honest tolerance, and finding the error that balances.
Project revenue with growth rates and costs as percentages.
Create complete projected financial statements.
Calculate Unlevered Free Cash Flow from EBIT.
Calculate the discount rate and terminal value.
Complete the DCF to arrive at price per share.
Turn the sensitivity grid into a range you can defend, and find which assumption drives it.