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Stub Period

The part-year between a valuation date and the next financial year end, discounted separately in a DCF so the cash flows are not pushed a full year out. The related habit is mid-year discounting, which assumes cash arrives evenly through the year rather than all on the last day.

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Build a trading comps set and a precedent transaction set for any US filer. Every candidate scored on industry, size, margin and growth, with the reasoning shown and the median moving as you curate.

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