Concept Guide
Time Value of Money
₹100 today is worth more than ₹100 a year from now. This is the most fundamental concept in finance.
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DCF
10 pages carry this tag.
Concept Guides
Concept Guide
Cost of Capital (Debt, Equity, WACC)
Every business needs capital, the money to buy assets and run operations.
11 min readRead more
Concept Guide
Capital Budgeting (NPV, IRR, Payback)
Capital budgeting is the process of deciding which long-term investments a company should make.
9 min readRead more
Concept Guide
DCF: Theory and Mechanics
A DCF (Discounted Cash Flow) model is the most principled way to value a business.
12 min readRead more
Concept Guide
Terminal Value Approaches
In most DCF models, the terminal value, the value attributed to cash flows beyond the explicit forecast period, accounts for 60–80% of total enterprise value.
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Concept Guide
Common DCF Mistakes
DCF is the most rigorous valuation framework, and the most abused. Because it accepts any inputs you choose, it can be used...
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Interactive Lessons
Lesson
Build a DCF, Step by Step
Start from scratch and build a complete discounted cash flow model for a real Indian company, one concept at a time.
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Calculators
Calculator
Present Value Calculator
Find the present value of a future sum, given a discount rate and time horizon.
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Calculator
WACC Calculator
Compute the weighted average cost of capital from equity and debt weights, their costs, and the tax rate.
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Calculator
DCF Sensitivity Calculator
Two-stage DCF model with live sliders, a 5x5 sensitivity grid across WACC and terminal growth, and Excel export.
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Related topics: Valuation, Relative Valuation, Cost of Capital, Financial Statements, Cash Flow, Earnings Quality, Red Flags, Ratios