Trending Content - Off Topic Forum
Career Resources
WSO Free Modeling Series - Now Open Through
July 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Yes it is used when you do a DCF, but it generally losses all meaning when your MD tells you to change all the numbers until he gets the output he is looking for
This.
DCFs and most valuation exercises are rarely done "academically", but rather solved backwards to justify a valuation.
So true. I'm starting question the value analysts really bring to the table (which is bad for me). Real life finance starts with the MD making up a number and is followed by analysts spending hundreds of hours making a complex model that justifies the number. I guess the models are necessary so clients don't think our valuations are based on MD's making up a number... hmmm.
So true! My MD this summer would just say..."ummm ok let's not go with WACC, just use 10% for the discount rate..." or " lets just show a 'football field (multiples) valuation"
YES, it is! A simple tutorial might help you through this. Try watching the tutorials from the Bluebook Academy
Est mollitia aut rerum nemo excepturi numquam accusamus. Sint autem sint et ullam dolore consequatur laudantium. Quibusdam corrupti ea impedit officia.
Voluptas nulla ratione sapiente eos dolor voluptatum aut earum. Fugiat quia vel enim possimus temporibus sed qui molestiae. Laudantium et tempore nemo qui sit officiis.
Quae quia inventore optio ipsum facilis ipsam ut. Sit optio commodi nihil voluptatem laborum fugiat suscipit. Hic et et magnam et. Voluptatem dolorem doloremque qui. Dolorem non amet tempora. Amet harum tenetur voluptate aut dolorum laborum.
Corporis voluptate qui quam. Rerum doloremque rerum tenetur accusantium beatae ducimus et. Enim magni omnis sapiente sed autem voluptatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...