· Interactive course
Financial Modeling & Valuation
Build integrated financial models from scratch. Learn to construct financial statements, link them together, create forecasts, and perform DCF valuations.
- 23 exercises
- 106 graded cells
- 255 minutes of practice
- 3 free lessons
What you’ll learn to do
- Financial Statement Foundations
- Linking the Financial Statements
- Forecasting & Drivers
- DCF Valuation Fundamentals
Course syllabus
Financial Statement Foundations
Building the Income StatementFree
Learn to build an income statement from Revenue to Net Income.
Building the Balance SheetFree
Construct a balance sheet with Assets, Liabilities, and Equity sections.
Linking the Financial Statements
Cash Flow Statement BasicsFull access
Build the cash flow statement using the indirect method.
Statement LinkagesFull access
Master the roll-forward schedules that link the statements.
Model Sanity ChecksFull access
The balance check, an error trap with an honest tolerance, and finding the error that balances.
Forecasting & Drivers
Revenue & Cost DriversFull access
Project revenue with growth rates and costs as percentages.
Building the Integrated ForecastFull access
Create complete projected financial statements.
DCF Valuation Fundamentals
Free Cash FlowFull access
Calculate Unlevered Free Cash Flow from EBIT.
WACC & Terminal ValueFull access
Calculate the discount rate and terminal value.
Enterprise & Equity ValueFull access
Complete the DCF to arrive at price per share.
Reading the OutputFree
Turn the sensitivity grid into a valuation range you can defend: low, base and high.
Which Assumption Moved ItFull access
Measure how wide the valuation range is, and which assumption is doing the work.
Guides for this course
Review a concept before your next exercise.
Keep practicing
Check your skills with the free financial modeling test, or explore a related course.
Included in full access
This course and every other on FinX, plus every course added later.
$99.99 USD · paid once
One-time payment. No recurring subscription. 30-day money-back guarantee. Review the final total at checkout.
Secure checkout by Paddle. Tax is added where it applies; you see the total before you pay.
Read the refund policyBefore you start
Be comfortable working with formulas and reading financial statements. Review a foundation course if you need a refresher.
Use a laptop or desktop browser for the workbook. No Excel installation is needed.