Mergers and Inquisitions

DECEMBER 20, 2023

To accomplish that, I recommend the following timeline: How to Get an Investment Banking Internship , Step 1: Your First Year in University You don’t necessarily need to pick your major at this stage, but I would recommend finance/accounting or something that will be useful for a wide range of jobs.

Investment Banking 105

Investment Banking Banking Bank Investment 105

Successful Acquisitions

MARCH 2, 2023

To account for this variability, valuation professionals will lean into the comparables they feel are closest and most accurate and discount or remove entirely those that seem unrealistic. The third and final approach that I’ll discuss is the Discounted Cash Flow (“DCF”) Approach.

Valuation 52

Valuation Discounted Cash Flow DCF M&A 52

Devensoft

AUGUST 22, 2023

As opposed to merely focusing on the market capitalization, which only accounts for the company’s equity value, the Enterprise Value Calculator considers the company’s debt, cash, and other financial liabilities. Discount Rates Discount rates are used in the DCF method to determine the present value of future cash flows.

M&A 52

M&A Valuation Utilities Mergers and Acquisitions 52

Mergers and Inquisitions

MAY 29, 2024

In riskier verticals, such as mining, the required DSCR is much higher to account for the added risk of commodity prices. Outside of LBOs, this Exit Value or Terminal Value concept is widely used in other corporate finance analyses, such as the DCF model.

Corporate Finance 59

Corporate Finance Financial Models Financial Modeling Finance 59

RKJ Partners

AUGUST 6, 2017

Below are the six recognized methodologies with short explanations of each: Discounted Cash Flow (DCF) Analysis: This analysis derives an ‘intrinsic’ value of a company. This means that the method evaluates the future cash flow of the company and then discounts those cash flows to the present day.

M&A 40

M&A Valuation Mergers and Acquisitions Discounted Cash Flow 40

Mergers and Inquisitions

SEPTEMBER 20, 2023

Technical Questions – You could get standard questions about accounting and valuation or VC-specific questions about cap tables, key metrics in your industry, or how to value startups. If you worked at a startup, how did you win more customers or partners in a sales or business development role? Q: What are your strengths and weaknesses?

Capital 59

Capital Valuation Investment Portfolio 59

Mergers and Inquisitions

APRIL 19, 2023

Valuation , such as the different multiples used for mining companies and the NAV model in place of the DCF (see below). Here’s an example from the Capstone / Mantos Copper presentation below: Companies often go into detail on individual mines , with estimates for their useful lives, annual production, and “all-in sustaining costs,” or AISC.

Investment Banking 52

Investment Banking Banking Bank Investment 52

Mergers and Inquisitions

NOVEMBER 20, 2024

Communication/presentation skills and technical/modeling/deal skills are all quite important, but “sales skills” are also crucial if you’re interviewing at a firm with significant sourcing. You could still use a DCF , but it would have to go far into the future (e.g., Q: What are your strengths and weaknesses?

Private Equity 59

Private Equity Equities Capital Valuation 59

Mergers and Inquisitions

MARCH 5, 2025

Technical questions will focus on accounting, valuation, and biotech-specific industry differences, such as how to estimate a drugs potential market size or research & development costs. Stick to straightforward companies with 1 2 main products and aim for simple DCF models that take no more than ~100 rows in Excel.

Funds 64

Funds Healthcare Mergers and Acquisitions Valuation 64