Resources
Guides
Clear explanations of core finance methods, each linked to an exercise where you can practise.
DCF valuation explained: a step-by-step guide
How a discounted cash flow valuation works — free cash flow, WACC, terminal value, enterprise value and equity value — with the formulas and the checks analysts use.
9 min read
NPV vs IRR: which should you use, and the spreadsheet NPV() trap
How net present value and internal rate of return work, when they disagree, why NPV is the safer decision rule, and how to avoid the most common NPV() formula mistake.
7 min read