DCF Modeling Overview
  • A Note on Course Materials
  • DCF Modeling Introduction
  • Enterprise Value vs. Equity Value
  • Book Value vs. Market Value
  • Cash Flow vs. Relative Valuation
DCF Mechanics
  • DCF Overview
  • The 2 Stage DCF Approach
  • DCF vs. Comps in the Real World, Part 1
  • DCF vs. Comps in the Real World, Part 2
  • Unlevered vs. Levered DCF Approach
  • Unlevered vs. Levered Concept Check
  • DCF Implementation
DCF Modeling
  • Building a DCF from a fully integrated Financial Statement Model
  • Modeling Unlevered Free Cash Flows, Part 1
  • Modeling Unlevered Free Cash Flows, Part 2
  • Modeling the Terminal Value (TV) using the Perpetuity Approach
  • Exit Multiple Concepts
  • Modeling the TV using Exit Multiples
  • Understanding Net Debt
  • Modeling Net Debt
  • Company Specific Adjustments: Modeling Apple's Trapped Cash
Shares Outstanding
  • Modeling Dilutive Securities
  • RSUs and Model Review
  • Shares Outstanding Overview
  • Shares Outstanding - Options
  • Shares Outstanding - Split & Dual Classes
  • Shares Outstanding - Convertible Preferred Stock
  • Shares Outstanding - Convertible Exercise
  • Shares Outstanding - Restricted Stock
Weighted Average Cost of Capital
  • WACC Concepts, Part 1
  • WACC Concepts, Part 2
  • WACC Concepts, Part 3
  • WACC Concepts, Part 4
  • Modeling WACC
DCF Model Finishing Touches
  • Modeling an Implied Perpetuity Growth Rate
  • DCF Sensitivity Analysis
  • Constructing a "Football Field" Valuation Chart
  • LTM Summary Calculations
DCF Bells & Whistles
  • Midyear Adjustments in the DCF
  • Normalizing Terminal Year Free Cash Flows
  • Modeling Normalized Terminal Year Free Cash Flows
  • Industry Beta Concepts
  • Industry Beta Exercise
  • Industry Beta Modeling