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Learn/Accounting and valuation for the buy side
LearnAccounting and valuation for the buy side

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B Basic

  • Reading the statements as an owner9m
  • Earnings quality and cash conversionPro10m
  • Returns on capitalPro10m

A Advanced

  • Choosing the right multiplePro11m
  • Normalized earnings through a cyclePro10m
  • Reverse DCF: what the price impliesPro11m
  • Capital allocation and per share valuePro12m
  • FlashcardsPro0/20
  • Basic quizPro80% passes
  • Advanced quizPro80% passes
  • Terms

Choosing the right multiple

Every multiple is a shortcut for a DCF, and each one hides an assumption. The skill is matching the multiple to the business and fixing the numerator and denominator so they describe the same claim.

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All 7 lessons in Accounting and valuation for the buy side, with checks as you read, two quizzes, and flashcards.

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