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Financial & Valuation Modeling Boot-Camp
Investment BankingFinancial modeling is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing ...
58 comments25 Jul 2019 - WallStreetOasis.com
Can someone please explain this to me?
Private EquityI was recently offered a position to join the valuations desk of a MF PE Shop. I am from a nontarget and my ultimate goal is to eventually go to a M7 program for my MBA. Would taking this BO job hinder my ability to make that transition? Also, does anyone ...
23 comments12 Feb 2019 - SauceGod2435
How Quick will it Snap? Valuation of SnapChat
Investment BankingSnapchat (recently renamed Snap Inc.) has filed for an IPO reportedly set for Q1 2017. Snap is seeking a valuation of $25 Bn according to reports at Bloomberg. The question arises if such a rich valuation of 25X Forward Revenue makes sense at all. " ...
88 comments11 Aug 2017 - Pitbull Class
ER is dead so I'll try this forum...need some guidance regarding splitting weight for DCF/Comps valuation
Investment BankingTL;DR- tried tweaking DCF to make it more optimistic but cannot honestly justify tweaks. Resorting to arriving at target share price with DCF /Comps weight- don't know how to justify/explain my decision for 60% DCF 40% Comps. Need some guidance. Disc ...
22 comments31 Oct 2018 - enterthemonkey
How to Get to ARGUS Certification?
Real EstateNow that there's a dedicated RE forum I feel like we should have an Argus thread. Argus website here: Argus Software I've talked to a few people in the industry over the past week and they have stressed how important an Argus certification will ...
75 comments11 Feb 2018 - theBEEGEES
corporateape's blog I feel like there is a huge misconception about the timeline of M&A transactions and the functions carried out by affiliated parties during the process. Private Equity M&A Process Timeline Therefore, I would like to assume ...
34 comments12 Feb 2018 - corporateape
Ernst & Young Transaction Advisory Services- Valuation
Investment BankingI'm posting this here to get some take on this full-time position with E&Y. I'm very interested in investment banking at some time in my career and I have an interview for this position. Here are two questions I have regarding it: Would inve ...
65 comments27 Oct 2018 - Bankn
Net Working Capital- Valuation model
Private EquityTo any/all who can advise on a question I have regarding the following, I'd have much gratitude: I am working out a Valuation model for a theoretical Steel MFG outfit, using a Free Cash Flow- NPV approach to find a value for the firm. I have mocked u ...
108 comments9 Sep 2017 - carlGhensel
Rosenbaum & Pearl V2- GODSEND- Models
Investment BankingTeam, I recently purchased Rosenbaum and Pearl V2. The book is a GODSEND! (Particularly the new buyside chapter) Can anyone advise me on how I get hold of the Excel models to accompany the book? Thanks in advance! Rosenbaum and Pearl Valuation book techni ...
15 comments26 Jan 2019 - CF123
Before two weeks ago, I hadn't given the dynamic pricing of consumer goods and services much thought. I suspect that's mostly because it doesn't exist for the most part outside of travel-related products such as airfare. However, I was in F ...
44 comments16 Apr 2012 - Eddie Braverman
E&Y Valuation, Deloitte Valuation interviews?
Investment BankingHello, I have a couple of interviews scheduled with E& Y and Deloitte, both for their valuation division within Advisory. Do you guys have any experience with their interviews? Should I be expecting a lot of accounting questions? Or more finance/model ...
66 comments21 Mar 2017 - Toblerone
BEST Valuation/Modeling Books
Investment BankingHey all, Im trying to brush up on my financial valuation/modeling skills for a new role valuations for large oil/gas company. Can you recommend some good reading/reference learning material??? PS- Ive already done Wall Street Prep and am level II CFA... T ...
64 comments10 Oct 2016 - cfainthemaking
Valuation multiples across different industries- Similar scenarios for different industries?
Investment BankingWhen calculating multiples for comparable company analysis, which multiples are used specifically for certain industries and which are specifically not used for certain industries? I know that EBITDA isn't used for financial institutions because a la ...
57 comments18 Aug 2016 - vanderbilt1
How you got into REPE?
Real EstateHi guys. Is this track possible? What are some ways to move on to REPE without IB experience? Valuation repe real estate valuation ...
50 comments11 Sep 2014 - money.monkey
How Tax Rate affects Enterprise Value (EV)
Investment BankingHi all, I have some questions on an undying topic that's continuously discussed on the street: how tax rate affects EV valuation of companies. Some people argue it's positively correlated to EV while others argue it's the opposite. Based on ...
24 comments9 Sep 2016 - financhise
Big 4 TAS Interview Questions
Other IndustriesI just scored an interview for a full-time entry level position in the TAS group of a Big 4 accounting firm (valuation group). This was sort of a back up plan and I've spent the last 4 years of college gunning for ER. Anyone know what I can expect to ...
25 comments31 Jul 2017 - Pokemon Master
what is Valuation Analyst?
Investment BankingI've been told that being a valuation analyst is a good backup plan for getting into IB. What exactly is a valuation analyst and what are some of the top valuation firms? Valuation ...
39 comments18 Aug 2016 - jason
Stock Valuation: Why does DCF give us equity value close to the range of the current share price?
Investment BankingHi, I am finding it difficult to understand how DCF gives us the equity value in the range of the current share price? Example: Stock is trading at $110s. How does discounting future earnings, give us a value in the range of say $90-120? I am not able to ...
10 comments11 May 2019 - Delilah12
I taught the first session of my valuation class, that I previewed in my last post, today. As part of that class, I do what I call a “valuation of the week”, where I pick a company and value it and then post both my valuation (with the spreadsheet and the ...
21 comments9 Sep 2013 - Aswath Damodaran
Model from scratch?
Investment BankingWhat does building a model from scratch mean? does it mean opening up a blank piece of excel sheet and inputting everything, including account titles and formatting? I'm taking a course on financial modleling, and feel like the latter is extremely ha ...
28 comments11 Apr 2017 - rjoshi1389
Valuation/Modeling courses (e.g. training the street etc.)
Investment BankingIf I'm reading resumes to interview and I see Training the Street or something similar listed, I will strongly discount the candidate. Why? It shows a lack of priority and judgement- why pay hundreds of dollars for something you'll learn as soon ...
48 comments23 Feb 2011 - firefighter
Is the average American investor an idiot? I found myself pondering that question yesterday as I tried not once, but twice (unsuccessfully, I might add), to edge myself into some DXD calls between the spread. This is a trade I've already been burned ...
26 comments5 Aug 2010 - Eddie Braverman
Real Estate DCF Valuation (upcoming interview!)
Real EstateHey guys, Can someone help me to understand real estate DCF valuation specifics? How exactly is the WACC calculated for a real estate DCF model? Does the tax shield diminish the cost of dept like in the classical WACC calculation? Maybe a silly question, ...
28 comments10 Oct 2016 - Applicant3434b
Valuation of an intangible asset (technology / R&D)
Investment BankingHi, How would you estimate the value of an intangible asset, more specifically an R&D formulation? I represent an industrial buyer, who is considering to acquire an R&D formulation from a competitor. The products can be sold to our clients current ...
17 comments2 May 2017 - MTDK
VERY Basic Financial Modeling Question Regarding Time 0 Cash Flows and Initial Investment
Investment BankingI need a small favor. I have a very basic question about discounted cash flow modeling. I think I know the answer, and it is probably obvious, but I have been thinking about it so much that I have confused myself. This issue is very important to a financi ...
9 comments29 May 2019 - cbermudez8
Valuation control groups
Sales and TradingThe valuation control groups within investment banks that review the valuation on trades ie. structured products, derivatives or illiquid investments- where does that usually lead you in terms of career path? Many seem to co-mingle with product control wi ...
21 comments17 Apr 2018 - NYCWall
Oil & Gas Valuation Model
Investment BankingHi All, I was wondering if you guys knew a good website for Oil & Gas Valuation modeling, or if you could share a simple model with me that would be very basic.. Many thanks for your help oil gas Valuation Model Salary ...
16 comments15 Feb 2017 - Morgan9800
Gordon Growth vs. Exit Model
Investment BankingHey all, I know exit/terminal multiples are more prevalent in banking when estimating a terminal value for a company. What are the pros and cons of both methods? Model Valuation multiples gordon growth gordon growth method Salary ...
24 comments18 Aug 2016 - analystforhire
Dividend Discount Model
Investment BankingI'm trying to build a dividend discount model to be used in a pitch(I'm an intern). But, I was wondering if anyone knew where I could get my hands on a basic dividend discount model I could take a look at? I'm reading Damodaran's piece ...
18 comments29 Jan 2018 - RonaldBacon
Houlihan Lokey FAS Analyst Technical Exam
Investment BankingI have a second round interview coming up for Houlihan Lokey FAS Analyst position and I have been told that I have to take a "technical exam". I asked the HR representative for what I should expect, however she just told me that it was going to ...
20 comments11 Apr 2017 - danjohn4real
Investment Banking vs. Business Valuation
Investment BankingWhat are the pros and cons between investment banking and business valuation (think Duff and Phelps)? I am looking at both for full time recruiting. At the end of the day they seem to be very similar so I was wondering what sorts of things I should be thi ...
20 comments22 Feb 2015 - papermachine
Easiest way to get "in" in the NYC region?
Real EstateHey all, I'm sure I've contacted most of you by PM in the past. I'm trying to figure out the best way to get into real estate, specially valuation, undertaking, acquisitions, etc. I currently work in middle office at a BB. Would looking int ...
17 comments26 Jan 2016 - bernie madoff
Big Four TS/TAS and Major?
Management ConsultingAlright so currently I am thinking about either majoring in finance or accounting, possibly a double major if I can do so. My goal right now is to try and get into Big Four TS/TAS valuations or similar. Would just an accounting major be enough to have a s ...
24 comments13 Jul 2012 - Sky90
I am calculating IRR from a 10 years projected cash flow + a terminal value. The terminal value I understand is usually calculated as FCFF(1+g)/(r-g). Incase of using terminal value for IRR calcuation should the r= cost of capital or r=IRR (in this case i ...
15 comments26 May 2016 - johnsmith123456
What discount rate do you use in your valuations?
Asset ManagementHi guys, was hoping I could get some insight on this esp. from those buysiders at long only value shops i currently work on the buy side focusing on resource sector companies, I don't think I've ever calculated a company's WACC outside of m ...
18 comments7 Oct 2014 - Da1nonly
Valuation tools survey: DCF vs Multiples
Equity Researchjust out of curiosity, in real life, shops tend to use DCF, Multiples or a mix of both? i understand both of them have their shortcomings and that maybe especially in the Sell Side Multiples are preferred because it's much easier to give a simple ans ...
18 comments2 Apr 2014 - kent02
"Which associate career should I pursue: Private Equity or Hedge Fund?" Second-year investment banking analysts who are just entering the associate recruiting cycle consistently pose this question to me. Since I was in their shoes not so long ag ...
17 comments19 Sep 2010 - KevinNYC
Value creation deconstruction in LBOs
Private EquityHi guys, One question I have encountered in the past is to analyze the value creation of an LBO. My first thought on this was to deconstruct the IRR or MOIC to see how each individual value driver (I would say the main ones are a) multiple expansion, b) o ...
14 comments10 Oct 2015 - Scandibanker1
Retail Bank Valuation
Private EquityI have an interview coming up for a private equity group that makes significant minority investments in regional retail banks. Does anyone know how you would go about valuing a regional retail bank? Investment Banking private equity Banking PE investment ...
16 comments8 Nov 2016 - jbauer
Use of LBO model as a valuation tool
Investment BankingHow does a lbo model is used in sell side M&A assignment. My understanding is that LBO model is used for going private transactions. How do we use this model as a valuation tool and what are the steps involved to use this model as a valuation tooll Va ...
20 comments25 Apr 2010 - la_kub
If a company is expected to perform very well/poor in the future, how is this reflected in the DCF model?
Investment BankingMy guess is that the WACC would change, leading to a higher or lower discount. But I'm not 100% sure because the DCF is a measure of the intrinsic value of a business. Merci! dcf Valuation Investment Banking Salary ...
13 comments12 Dec 2015 - NewbatInvesting
Books on Bank valuation
Investment BankingHey guys! I'm interviewing with a FIG group and need to read up on bank valuation specifically and FI valuation in general. I am looking for a Rosenbaum-style book, such as Bank Valuation for dummies. Any recommendations? Cheers LeeteasY Valuation ba ...
14 comments10 Oct 2016 - LeeteasY
Zynga, Facebook, Groupon Colossal Valuations!
Private EquityWeek after week, investors have seen multi-billion deals for online businesses with suspect business models. In January, Goldman invested in Facebook at a $50 billion valuation. Zynga's reported $7-$10 billion valuation surpassed that of software gia ...
18 comments1 Mar 2011 - BankingRUs9
What determines what multiple an industry trades off of?
Investment BankingI know we all are told that this industry trades off of FV/ EBITDA multiples or that one trades off of P/E multiples...but what actually determines what the appropriate valuation multiple(s) for an industry are. Why do certain industries trade primarily o ...
18 comments12 Sep 2010 - HireUp212
EBITDA Multiples- Medical Supply Resellers- Help Needed
Investment BankingDoes anyone know any free resources online to find industry average EBITDA multiples, specifically for medical supply companies? I need to figure out how to value a small medical supply reseller that does below around $100M in EBITDA. Does anyone have any ...
16 comments29 Sep 2012 - cje1992
Enterprise Value | Investments in Associates
Investment BankingWhy substracting Investment in Associates from Entreprise Value and why at market value? Accounting for Associate Investments in EV When completing a detailed EV calculation, you subtract out associate investments as they are considered like cash- somethi ...
13 comments16 Mar 2018 - jeedog
While I'm not expecting Uber to be valued at $100mm next week, there does seem to be a trend emerging in the convergence of price and value at these so-called "unicorn" start-ups, which is not a particularly good thing for the founders and ...
11 comments26 Jan 2016 - Nick Naylor
Gross vs. Net Cap Rate
Real EstateAll- I have received an interview test from a small RE acquisition firm. The company primarily deals with SFR (single family rentals) and small apartment buildings. For the test, they asked me to evaluate 3 SFRs which includes determining the rental value ...
14 comments12 Jun 2014 - john rolfe
post MBA offer from Big 4 accounting firm
Investment BankingHello everyone, I have received a full-time offer from one of the Big 4 accounting firms from their Valuations group. However, I am not sure if they are low-balling me with an offer of $72K. This is a post MBA offer with 1-2 years of experience being coun ...
17 comments15 May 2010 - esnips123
Analysis and Valuation Models- Build with a template model or build from scratch?
Investment BankingEach company and each analysis is different, however, the "bare-bones" fundamentals are the same for DCF, Comps, precedent transactions, etc. So with that, do you guys build models and valuations from scratch (as in format, labels, sheets, cells ...
9 comments6 Nov 2017 - Marcus Nietzsche
Help Valuing A Very Negative Company
Investment BankingCurrently working on valuing a very indebted retail company for potential takeover and having serious troubles. Operating Income is negative, EPS is negative, Net Income is negative, EBITDA is negative and jumping all over the place, Retained Earnings is ...
15 comments15 Dec 2011 - Asatar
If you are a teacher, you measure your life in quarters and semesters. This is my fiftieth semester teaching, and, as in each of the prior forty nine semesters, I could not wait to get started. Coddled as only tenured faculty at a research university can ...
11 comments10 Sep 2012 - Aswath Damodaran
How do you value a Hedge Fund?
Investment BankingForgive me if this is a noob question but I'm used to valuing nice, easy tech companies. I was on CapIQ reading up on Man Group 's acquisition of GLG Partners (both fund managers) and I was wondering how exactly do you value a fund manager? In G ...
12 comments31 Jul 2017 - Zweihander
What does P/B relative to ROE tell you as a valuation methodology?
Investment BankingSaw a research analyst talk about valuing banks using P/B relative to ROE. P/B makes sense as they hold more liquid assets but why relative to ROE? Valuation financial ratios Salary ...
8 comments17 May 2018 - Deter6895
I have been writing about valuation for a long time and for much of that time period, I chose to ignore the effects, positive or negative, that governments can have on the value of businesses. Implicitly, I was assuming that governments could affect the v ...
11 comments18 Apr 2012 - Aswath Damodaran
Valuation question (case study)
Investment BankingHi guys, I am doing a valuation case study for a company and I am stuck. I appreciate your help. There is two comparable companies given, and I need to compute three valuation ratios (P/E, P/E, P/S). Now I have the following information for these two comp ...
11 comments6 Nov 2015 - fillorkillat65
What makes a good VC? (Research project)
Private EquityHey everyone! Hope you're having a fine Saturday. I am working on a stats project and have decided to do it on what makes a successful VC. I need to come up with both quantitative and binary qualitative variables. Here's what I've got so fa ...
8 comments10 Oct 2017 - treeman
uValue- Analysts Are Now Irrelevant
Investment BankingSo I just came across this free iPad app called uValue. Its created by a couple of professors at Stern and Dartmouth Business School and is essentially a skinned spreadsheet which values companies. It can do WACC (detailed and simple), APV (detailed and s ...
13 comments14 Aug 2012 - Asatar
LBO Question- Clarification?
Investment BankingSo I got asked what I knew about LBO valuation in an interview, and although I haven't yet touched on this in my classes, I had recently read up on it on Investopedia. I mentioned, per Investopedia, that it is when a company purchases another company ...
12 comments22 Apr 2016 - GoldenEagle9
Casino Valuation
Real EstateI'm a beginner to real estate, so was wondering if anyone here could provide some basics on how to value a casino. Alternatively, are there any good resources on how to do so that I can read up on? Thanks in advance. Real Estate Valuation casino ...
10 comments31 Jul 2017 - chimpanzee
real estate private equity valuation techiniques
Private Equitydoes anyone have info on the type of valuation methods used in analyzing PE real estate investments? the structure I am dealing with is one where a group of PE professionals raise money from investors, pool it into a fund, and use cash from the fund to ac ...
13 comments3 May 2011 - noobstar
130/30 vs. L/S Equity
Hedge Fundhey everyone I read a wikipedia article regarding the 130/30 strategy which argued that it was more of a long strategy that had some short exposure and therefore could not really be compared to a traditional long/short equity hedge fund. Instead it should ...
13 comments31 Jan 2011 - deltahedge
Valuation of a company with high inventories and debt
Investment BankingHi, We are just in the middle of modelling the financial statements of a meat company, with high level of inventories (think 9 months of salesm ham company). This company has a level of debt, we suspect associated to that inventory. That debt has a cost, ...
8 comments13 Oct 2017 - aprendiz
The true purpose of calculating Enterprise Value
Investment BankingHi guys, Some sources call EV the "price that an acquirer really pays''. But in reality the purchase price is always the stock price plus certain premium. Does it mean that EV is just a 'theoretical price' for the business? If so ...
11 comments27 Aug 2012 - uoft2013
Is the P/E ratio the next head to roll off today's market guillotine? What are the new market metrics which will mark the next generation of financial analysis? As usual the critiques are more abundant then proposed solutions. Ben Levisohn: The stock ...
10 comments22 Sep 2010 - Midas Mulligan Magoo
Real Life Case Study: What is the value of this 4 Tenant Retail property in Long Island?
Real EstateI have an associate who co-owns (50% undivided interest) a 4 tenant, Class B Retail property in a middle (to working) class Long Island residential area which generates $16,000 a month total NOI with NNN leases. The leases all have 5-10 years left to run ...
11 comments7 Sep 2013 - Julian.Bostone
Valuation Methods in Industrial IBD group
Investment BankingHi all, I am curious if anyone is aware of the common valuation multiples and methods common when valuing companies as an analyst within a bank's industrials group. Any info would be greatly appreciated. thx Valuation dcf multiples Industrials IBD ...
10 comments7 Feb 2015 - Renegade1953
how does valuation affect fundraising
Private EquityIf the company did not have their own valuation before asking for money, i think the money negotiation process will be really bad for the company, right? Also if they have >5 investors, how are they going to affect the negotiation? I mean each investor ...
10 comments5 Feb 2015 - Susan-G
How do you valuate this? Help
Investment BankingI have an excel sheet of 10 comparable companies with their P/B, P/E, Market Cap, etc. I was asked to valuate this company to see if the sponsor is paying an acceptable price and I have no idea how to start. Can someone help? Valuation Salary ...
12 comments21 Jun 2011 - doctortt
Bang your friends
Investment BankingWhat's the value of "Bang your friends"? Does it have a value? 20K users in a week... http://www.nbcbayarea.com/blogs/press-here/Faceboo... Valuation ...
11 comments1 Feb 2013 - cruel3a
Financial Due Diligence vs. Valuation
Other IndustriesHey Monkeys, I have an offer for two Big 4 Transaction Services jobs, one in Financial Due Diligence and one in Valuation & Business Modeling. I was wondering which would be better starting off if I am looking to eventually get into PE. The Valuation ...
12 comments22 Mar 2010 - lmb1234
Great American Group Salary Question, please PM me!
Investment BankingHello, I am a senior from a target school and have received a offer letter from a Valuation Company called Great American Group. The internship is paid and leads into a full-time position contingent on how the internship goes. I like valuation services an ...
12 comments16 Mar 2010 - nerdpowered208
DCF/Valuation Question
Investment BankingI had this question in an interview and I got it right, but my logic was a little off. Can someone clarify. The interviewer asked "9 times out of 10, which method of valuation will produce the highest valuation (DCF vs. Public comps vs. transaction c ...
12 comments13 Dec 2009 - VineyardVines2011
Tech valuation model – get 8 SBs
Investment BankingI'm making a valuation model to help convince boutiques I have modeling skills. Many have advised against, many have been for it, but that's not what I'm asking about. I'm pretty sure I want to value a software company. I'll give ...
11 comments12 Jan 2012 - swagon
Any ideas on valuing a cell tower?
Investment BankingHey guys, any experience with this? I would assume that something with steady income per year, low capex would be simple (ie, mulitple varying on whether property is owned or leased, etc) but I could also see a fairly complex usage based model with cost p ...
11 comments14 Dec 2011 - jos.a.bankhard
13 Week Cash Flow- How to do it?
Investment BankingHey Everyone, I'm interested in learning about the 13-Week Cash Flow model that is used in turnaround/distressed situations. Does anyone have any good resources? I'm going to be interviewing for a role in our distressed group and I'm going ...
12 comments28 Dec 2008 - red08
Would you buy the New York Mets? In the case of SAC Capital 's Steve Cohen the answer is a resounding YES. I am not so sure that this is a smart play. Not just for Cohen, but for any investor. Today I would like to hear thoughts on the potential purc ...
9 comments9 May 2011 - Midas Mulligan Magoo
Stock Valuation suggestions needed
Asset ManagementGreetings fellow monkeys: I am making a research report on a stock (not school related), in which I need to come up with a valuation for a company (specifically stock price). I am obviously going to do the legwork myself, but I am looking for ideas about ...
11 comments3 May 2011 - nebben2k10
DCF- How do you come up with your Terminal Growth Rate?
Investment BankingI know how to find the terminal value, this question is about estimating the terminal growth rate... I have used the search bar and can't find a definitive answer. I have been told that it should be GDP growth rate +/- your estimate. Anyone else ever ...
9 comments26 Oct 2015 - broseph_stalin
Finanical Modeling/ Financial Statement Analysis Interview Questions
Investment BankingHello All, I have been out of the finance interviewing game for a while, I am a 2nd year analyst at a boutique IB. Need some help preparing for a technical interview I will hopefully be having soon- can anyone here help me with questions on financial mode ...
9 comments6 Oct 2016 - blingamink
Banana Valuation Techniques
Site SuggestionsOkay, it took me a long-ass time, but I finally noticed the new "Most Active Monkeys" section in the sidebar and wanted to recommend another section: "Net SBs per Comment" (NSBpC or NSB/C) I know that's a mouthful, but I think it ...
10 comments1 Feb 2011 - Nouveau Richie
PwC TS vs. EY TAS
Investment BankingWhich one would you take? 1. PwC Transaction Services 2. EY Transaction Advisory Services What are some factors you would consider (besides the people factor)? Valuation pwc ey advisory TAS Ernst & Young transaction ts Salary ...
10 comments24 Nov 2009 - financeguru
Why is it said that investors don't get compensated for firm specific risk, they just get compensated for market risk in Capm?
Investment BankingBeta actually is there to get us to the firm specific risk against the market. So why is it said that investors are thought to hold a well diversified portfolio and don't get compensated for firm specific risk when beta gives that compensation? I gue ...
5 comments12 May 2019 - Delilah12
Conglomerate valuation
Investment BankingWhen valuing multi-business organizations, do people generally value each business line seperately and then make adjustments for the benefits of being under the same corporate unbrella such as tax effects (i.e. losses; higher debt capacity). Also a few mo ...
10 comments11 Apr 2009 - mergerarb15
Young company valuation
Equity ResearchHi, So recently I was in a recruiting process for a position as an equity researcher for small/midcap tech companies. As a part of that process we were asked to do a small analysis of a firm. They were happy with my description and analysis of the firm an ...
7 comments12 Oct 2016 - Aintnobodygotti...
Terminal Value too High; What to do?
Equity ResearchMy terminal value / ev is 90%. What should I look at to find out what I did wrong? Valuation dcf Terminal Value ...
7 comments1 Aug 2016 - slowmac89
Facebook IPO over/under
Investment BankingSo, this came up in a discussion today and I thought it would be interesting to get some opinions in this forum. Given the recent boom in tech IPO's (LNKD, Groupon etc.), when do you guys think facebook will go public? Specifically, if we look at a 1 ...
9 comments29 May 2011 - JMu
Duff & Phelps: Dispute Consulting Analyst- Interview Help
Job Search AdviceHey gang: I have a phone interview coming up for an analyst position in Duff & Phelps' Dispute & Legal Management Consulting Group. I've seen prior threads on this but they were all for valuation and IB analyst positions, not for the Dis ...
9 comments22 Nov 2010 - Legolas
No return offer- still no FT offer
Investment BankingI did not receive a return FT offer from a mid-tier restructuring boutique. After 2.5 months of intensive recruiting and networking with regional boutiques, I haven't received an offer. Banking / Big 4 valuation seems pretty unrealistic, given that t ...
6 comments8 Nov 2017 - monkeynj12395
How to do entry analysis on private companies?
Private EquityHey everyone, I was recently interviewed for an internship with a local Investment Bank. More specifically, it was for their Mezzanine Capital Unit/ private equity arm. After the interview, everything was going fine and I had a good feeling. However, they ...
6 comments14 Jun 2017 - henrycw
Valuing a company?
New User IntroductionsI am a new member of my school's investment club. My sector is making a presentation in which we discuss what stocks we'd like to buy/sell. Part of this presentation is expected to use regressions. We have bloomberg data available for these regr ...
8 comments14 Mar 2012 - kevinhkoch
Duff and Phelps Case
Investment BankingI have an interview at D&P in a week or so for the valuation analyst position and heard that there was a group case study involved. Does anybody know what this case involves and what you should know going in? I don't really have much of a valuati ...
8 comments31 Oct 2011 - offtarget
Low R-squared
Investment BankingHi Guys, First of all- this is my first post so I'd like to take this opportunity to thank you for everything I've learned from you so far. I've got a question in the scope of statistical analysis of stocks and indices. How would you interp ...
6 comments11 Apr 2017 - Corporate_Finesse
Balance Sheet Driven Companies
Investment BankingWhat is a balance sheet driven company? Why is the valuation of balance sheet driven companies different from other companies? Valuation finance analysis ...
6 comments21 Mar 2017 - beebeckzzz
IBI Training vs The Analyst Exchange vs IB Career Path
Investment BankingHas anyone heard of the IB Career Path??? http://www.ibcareerpath.com/ The first program I found was the Investment Banking Institute, but they have only the seminar program, then I found out about the Analyst Exchange, which you have the opportunity to d ...
8 comments3 Apr 2011 - dollarst
Was asked this in an Interview..
Investment BankingI couldn't find it in forum search... In a DCF valuation, what's the rule of thumb that your terminal value is to high? I said if it approaching 60 to 70% and over (as it is usually over 50%), then it's probably to high. Valuation ...
8 comments3 Nov 2010 - Hound
Valuation Career Promotion Structure?
Corporate Finance, Development and StrategyCan anyone provide insight as to what the promotion structure is for a valuation analyst who stays at a valuation shop and approximately how long it takes to reach each position? So far I've gathered that it goes Analyst->Associate->Sr. Associa ...
6 comments14 Dec 2016 - nbd786
Advice- BVal vs Audit for ER
Equity ResearchHello Monkeys, I recently received an offer for a boutique IB on the business valuation side. The role includes utilizing DCF and multiples models for fairness opinions, employee stock option plans (ESOP) valuation, purchase price allocation, and goodwill ...
6 comments4 Dec 2016 - WellTailoredSuit
WSO Prep/M&I/ Valuation Skills
Investment Banking. Banking Valuation ...
8 comments17 Oct 2009 - cruz12
Most important part of a valuation???
Investment BankingOk everybody...I would love to get as much input on this from as many people from as many countries as possible. I just spoke with a senior banker (remember I am in India), and he told me that in the entire valuation process significantly more importance ...
8 comments27 Aug 2009 - big_dreams_banker