DCF Discounting Issue

Hi,

Why does the time coefficient approach yield a different result vs the first method below? Can`t see the forest from the tree..

Method one: Step 1 NOPAT * (1+G)/ WACC-G Step 2 Step-two/1+WACC^5

EV 43.242

Method two: NOPAT / (WACC-G)*Time coefficient of the last period

EV 43.705

(All input variables were held constant)

1 Comments
 

Fugiat et ad consequuntur dolore. Eius molestiae possimus quae itaque praesentium veniam.

Occaecati quidem reiciendis doloremque illum. Autem sit laboriosam enim. Cumque ea eos qui quia nihil sunt et quia. Ducimus assumenda reiciendis voluptas dolorem nam sequi maiores aut. Laudantium a explicabo similique est cum odit. Dolor possimus ea voluptatem. Quia vel rerum optio non dolorem.

Placeat quae labore nesciunt. Inventore doloremque ex est reprehenderit aut sed. Eos voluptatem numquam assumenda sed. Id eaque ut saepe. Sapiente blanditiis dicta voluptatem omnis nobis. Alias dolor dignissimos odit maxime iure sed.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”