My Skill Lab
FinanceIntermediate

Financial Modeling & Valuation (DCF)

Build a three-statement model and value a company like an analyst.

Taught by Pooja Adhikari · CFA, Equity Analyst

What you'll learn

  • Link the income statement, balance sheet and cash flow
  • Build clean, auditable assumptions
  • Project unlevered free cash flow
  • Discount cash flows with WACC
  • Estimate terminal value two ways
  • Run sensitivity analysis and sanity-check a valuation

About this course

The skill behind investment banking, equity research and startup finance. You'll build a clean three-statement model, project free cash flow, and value a business with a discounted cash flow (DCF) — understanding every assumption instead of copying a template.

Course content

7 lessons
  1. 1What a financial model is forDecisions, not decoration.Preview
  2. 2The three statements, linkedHow the financials connect.
  3. 3Building clean assumptionsRevenue and cost drivers.
  4. 4Free cash flowThe cash a business truly generates.
  5. 5Discount rate (WACC)The price of time and risk.
  6. 6Terminal value & the DCFValuing the years you don't model.
  7. 7Sensitivity & sanity checksA range beats a false-precise number.