Subject Matter Lab
Rigorous analytical work on valuation, financial modeling, and corporate finance. Built on the principle that valuation is a business judgment expressed in financial terms — not a formula to be filled in.
Coverage Areas
Free cash flow projection, WACC, and terminal value methodology.
Trading multiples analysis and peer group selection frameworks.
M&A transaction analysis and control premium interpretation.
Accretion/dilution modeling and deal structure evaluation.
Leveraged buyout mechanics, returns modeling, and sponsor returns.
Debt vs. equity tradeoffs, leverage ratios, and optimal capital structure.
Income statement, balance sheet, and cash flow analysis.
CAC, LTV, contribution margin, and business model health metrics.
Venture valuation, startup financial modeling, and burn rate analysis.
Structuring a view on a business for investment decision-making.
Capital allocation, dividend policy, and shareholder value creation.
TAM/SAM/SOM sizing and market growth rate assessment.
Methodology in Practice
A DCF values a business by discounting projected free cash flows and a terminal value back to today. The chart below illustrates an illustrative build-up of enterprise value from annual FCFs and terminal value.
Illustrative DCF Valuation Bridge
Free cash flows + terminal value → enterprise value ($ millions)
Featured Analysis
DCF models, comparable company analysis, and precedent transactions are tools — not answers. The real work in valuation is building a coherent view of the business and translating it into defensible assumptions.
Read full analysis →Analytical Writing
DCF, LBO, and comparable company templates — available for download soon.