Book-building DCF Funds 
Francine Way
JULY 12, 2017
As I mentioned in my last post, Discounted Cash Flow (DCF) is a valuation method that uses free cash flow projections, a discount rate, and a growth rate to find the present value estimate of a potential investment. The major steps of DCF are: Identify extraordinary, unusual, non-recurring items from the target’s 10-Ks and 10-Qs.
Francine Way
JULY 17, 2017
The major steps of LBO are: Building the Sources and Uses tables. Building a proforma balance sheet. Building a historical 3-statement model and a debt-interest schedule. Building the go-forward 3-statement model. Building the go-forward debt-interest schedule. Modeling the future exit.
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Mergers and Inquisitions
JANUARY 22, 2025
At the junior levels , entry-level professionals in both fields spend a lot of time in Excel working on models, valuations, and documents such as equity research reports and investment banking pitch books. public markets roles ( hedge funds , asset management , etc.), and areas like corporate finance or strategy at normal companies.
Mergers and Inquisitions
JANUARY 10, 2024
You will very rarely get exposed to the type of financial modeling that bankers complete: 3-statement models , DCF models , M&A models , LBO models , and so on. So, you won’t pull all-nighters to finish pitch books , and you won’t be called in over the weekend to make last-minute changes to a model.
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). On the producer side, you can see how much they spend to build new plants, factories, and processing centers. A recent mining deal , especially if the bank you’re interviewing with advised on it.
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