Valuation
Stock GuidesEnterprise Value vs. Market Cap: Which Should Investors Use?
Learn the difference between enterprise value and market cap, when investors should use each, and how debt and cash can completely change a stock's valuation.
Brian McCormick ·
Stock GuidesTerminal Value in a DCF: Perpetuity Growth vs. Exit Multiple
Learn what terminal value means in a DCF, how perpetuity growth and exit multiple methods work, and when each approach makes sense.
Brian McCormick ·
Stock GuidesDCF Valuation Limitations: Why DCFs Can Be Wrong
See why a mathematically correct DCF can still be wrong, from cyclical cash flow and terminal value to stock based compensation, dilution and acquisitions.
Brian McCormick ·
Stock GuidesHow to Choose a Discount Rate for a DCF (With Real Examples)
Learn what discount rate to use in a DCF, when WACC or a required return makes sense, and how different rates change a stock's fair value.
Brian McCormick ·