The Finance Storyteller

Finance educator explaining accounting and corporate finance with worked examples

Sources

TechniqueValuationVideo located
A capital-structure-neutral cash flow needs a capital-structure-neutral discount rate
Match the discount rate to the cash flow: a flow to all capital providers is discounted at the blended cost of all of them.
The discount-rate questions in a DCF interview, and any model where the cash flow and the rate have been matched carelessly.
From WACC Explained · The Finance Storyteller
TechniqueAccountingVideo located
Working capital is where growth eats cash, even when the income statement looks healthy
Growth ties up cash in receivables and inventory, so model the working capital a business needs before trusting its profit.
Three-statement questions, cash flow forecasting, and any growth company whose profit and cash are diverging.
From Working Capital Explained · The Finance Storyteller