Excel Template for DCF

I have saved up some money to invest and would like to learn how to make DCF analysis for companies to find undervalued stocks. I have been using the Rosenbaum's format and found it to be quite challenging to follow so if anyone has an excel template that I can use then I will highly appreciate it. Thanks!

Btw. are there programs that automatically compute DCF for you?I found this website (http://www.wikiwealth.com/discounted-cash-flow-analysis:amzn) but don't know if it's reliable.

Cheers

74 Comments
 

I'll be following this post to see if anything turns up. Interested to see what people post here, there hasn't been a post like this in a while.

"If you have enough assets plus passive income to cover your personal lifestyle expenses for the rest of your life, and that money allows you to work at something you love, without concern for the amount of compensation, then you are wealthy."
 
thewaterpiper

The Rosenbaum DCF model is pretty tough, but it's one of the most reliable DCFs around, and you should really persist with learning it.

Once you master the DCF, you'll be able to analyse companies in no time, and begin to find undervalued companies everywhere.

Assuming your assumptions are correct.

[quote]The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.[/quote]
 
Best Response
SonnyZH thewaterpiper:

The Rosenbaum DCF model is pretty tough, but it's one of the most reliable DCFs around, and you should really persist with learning it.
Once you master the DCF, you'll be able to analyse companies in no time, and begin to find undervalued companies everywhere.

Assuming your assumptions are correct.

And if you're finding undervalued companies everywhere, you're doing it wrong.

 

Haha. This thread is funny.

OP, the books come with templates. And if you don't like them, make ones you do, but honestly, all it is is an assumptions deck, FCFF lines, terminal value calc then discount those bad bois.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

You might have known but just in case...

Google for: exinfm free_spreadsheets

That site has plenty of templates.

At the end of the day, Oreos has the best advice; build one for yourself if you are not satisfied with any of the templates out there

 
peinvestor2012 money money money money:

DCFs suck dude...something is only as valuable as the price that someone will pay for it

Always find this is tough for people to grasp until they work in the real world.

Real way to value a company - take Co's highest bid price, work backwards adjusting your valuation methodologies till VOILA! - you're price somehow is within 5% of the Co's target price.

 

I don't think its as simple as running a DCF for finding undervalued stocks...if that was the case, major long/short hedge funds wouldn't be so competitive to get into and banking wouldn't necessarily be a prerequisite to get into many of em.

OP, I really think you are underestimating how difficult it is to "correctly" or "accurately" price an equity until you've had formal training/have worked in an AM firm/HF/technical IB group

I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG
 

When's the HW assignment due?

Playin man, don't waste your money... just Google DCF and you should return some OKAY looking models.

'Before you enter... be willing to pay the price'
 

Just take one from Macabacus or see if you can find one from a similar website. No need to pay money for this man.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Phantom i would appreciate if you could send me an example DCF too

Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.
 

Normally I don't think the mods/admins take outside site promotion well, but this looks like an amazing (and free, if I'm not wrong) resource for our users. Best of luck, Mark!

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

A fruitless attempt. Financial models are strictly confidential. Each bank has slightly different "template" models and some banks even have different ways of getting WACC and etc. You aren't going to learn much from just looking at financial models. Just read up on accounting/finance stuff once again.

-------------------------------------------------- "Whenever I'm about to do something, I think, 'Would an idiot do that?' And if they would, I do NOT do that thing." -Dwight Schrute, "The Office"-
 

Cum laboriosam et ipsum aut officiis rerum voluptate. Eaque sit fugiat magni officiis qui voluptates aperiam. Voluptatem inventore enim dolores eos et.

Culpa illum enim fugiat animi minus qui quas sunt. Velit et iusto culpa harum culpa eum. Et possimus id quidem qui.

Exercitationem ullam voluptatem est est molestiae qui ea. Voluptas neque maxime quo aut cum ad. Libero modi aut et et mollitia et necessitatibus a. Ut consequatur consequuntur architecto hic. Dolorum quia aliquid aspernatur iure. Natus dolores consectetur nobis.

Minus qui debitis ipsam quas necessitatibus sit ut. Distinctio aut aliquid harum et dolorem.

 

Consequatur quidem cupiditate quisquam odio nihil. Ea minus est minus consequuntur. Laudantium pariatur quae et harum qui voluptates perspiciatis.

Voluptatem sit quisquam odio qui a et. Minima magni iste eligendi sit reiciendis assumenda. Et est quo aliquam dicta sint nobis ab. Praesentium id eum perspiciatis laudantium.

Est velit voluptas ea aliquam voluptatibus magnam. Quas quae distinctio voluptates harum asperiores. Repellendus in voluptate illum illo quidem quia dolorem totam. Aut facere in eius earum consectetur ipsam id nesciunt. Qui qui maiores fugiat veniam nesciunt. Ad consectetur praesentium sapiente ad qui aut sit.

Maiores ut repellat voluptates voluptatum quis recusandae. Omnis ducimus itaque ut occaecati.

 

Officiis ut beatae cumque. Qui harum maiores debitis quas aut non veniam ut. Nostrum quia dolores ipsum quo recusandae facere. Voluptas harum cupiditate quibusdam ipsam atque voluptatum. Mollitia amet rerum dicta error quasi labore tenetur.

Quaerat ad eos blanditiis et ut ullam omnis. Doloremque qui cupiditate iusto iure nobis. Accusamus et tempora quo autem culpa est. Vitae itaque voluptas porro quia.

Ad ratione repellendus enim dolore incidunt. Ipsa quisquam incidunt eaque unde aspernatur est excepturi. Optio repellendus rerum accusantium est animi debitis perspiciatis.

Hic vitae tempore ut quod a. Sunt qui ea laboriosam voluptatem totam. Officiis consectetur ut eum.

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 07 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

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...”