Valuing Companies with Irregular Cash Flows
Biotech firms, early-stage tech companies, and cyclical businesses don't fit neat DCF templates. We explore how to handle negative cash flows, model probability-weighted scenarios, and when to abandon traditional methods entirely. Real examples include Moderna's pre-pandemic valuation challenges and Tesla's cash flow volatility from 2018-2020.
DCF Modeling Scenario Analysis Risk Assessment
Industry-Specific Valuation Metrics That Actually Matter
Why P/E ratios mislead in REIT analysis, how SaaS companies game ARR metrics, and which energy sector multiples survived the 2020 oil crash. We dissect the metrics that practitioners actually use, including the ones they don't advertise in research reports. Case studies span from Shopify's revenue multiples to Exxon's enterprise value calculations.
Sector Analysis Multiple Valuation Market Research
When Markets Get It Wrong: Behavioral Finance in Practice
The efficient market hypothesis works in textbooks. Real markets are messier. We analyze how cognitive biases affect valuation, from the dot-com bubble's revenue multiples to recent meme stock phenomena. Learn to spot when fundamental analysis conflicts with market pricing—and what to do about it.
Market Psychology Behavioral Finance Crisis Analysis