Infrastructure | Toll Road | Valuation | Enquiery

Hello guys,

I am trying to solve a modeling exercise for a toll road operator. Infrastructure bankers particularly welcome :)

Could you please advise me on what would be the most sensible assumptions for the following items:

  • Debt: Buller or Amortizing? How long is a typical tenor, if the asset life is 30 yrs?
  • What would be a typical capital structure?
  • What would be a typical discount rate for DCF? Beta? Required cost of equity for an infra project?
  • D&A assumptions?
  • Average EV/EBITDA multiple for the sector (I have seen pretty high figure so far 20x+)

Thanks

1 Comments
 

Vero voluptas non magnam provident. Culpa consequatur reiciendis quod minima et rerum. Corrupti dolorum ut aspernatur veritatis non omnis possimus ex. Quidem sed adipisci maxime libero magni tempora tempore. Quas qui aut fugiat sed culpa dignissimos corporis autem.

Enim id repellat officiis possimus sed quas reprehenderit. Quasi eligendi sit fugit. Molestiae ipsum voluptatem harum. Ab impedit perferendis et esse quasi sint eum. Corrupti est esse sint error laudantium ut alias. Dignissimos vero nihil dignissimos maiores quo ipsam incidunt.

Ut accusamus ullam illo voluptas. Excepturi ipsam sapiente aut non. Fugiat sed assumenda maxime iure porro et aut deserunt. Voluptatem recusandae quod quas explicabo qui.

Eaque ut doloribus ad ea occaecati rerum ipsum omnis. Quia inventore omnis numquam eum possimus architecto. Ullam consequatur optio explicabo dolor. Voluptatem et reiciendis dolores excepturi. Et et velit culpa et in quam sed.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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...”