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Alex Mason
What information do you need to know as an aspiring investment banker? Join career-switcher and MBA student Alex Mason as we journey together to uncover the technical (including the famous "400 interview questions") and not-so-technical aspects of the investment banking profession.
Which Cost Of Equity Should Be Higher, $5B Or $500MM Market Cap?
Which Cost Of Equity Should Be Higher, $5B Or $500MM Market Cap?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
09:5125/07/2023
How Do You Know If Your DCF Is Too Dependent On Future Assumptions?
How Do You Know If Your DCF Is Too Dependent On Future Assumptions?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
10:4525/07/2023
Flaw With Using Public Company Comparables For Terminal Multiples
What is a flaw with using public company comparables for terminal value multiples?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:4524/07/2023
What Terminal Value Method Gives A Higher Valuation?
What terminal value method gives a higher valuation, the Multiples Method or the Gordon Growth Method?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:1224/07/2023
What Exit Multiple When Calculating Terminal Value?
What exit multiple should we use when calculating terminal value?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:3723/07/2023
Growth Rate For Calculating Terminal Value?
What kind of growth rate should you choose for the terminal value part of a DCF analysis?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:4923/07/2023
How Do You Calculate Terminal Value?
How do you calculate terminal value?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:2222/07/2023
Discount Rate When Using Levered FCF
What discount rate should you use if your model uses levered free cash flow?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
04:4222/07/2023
Levered VS Unlevered FCF In Your DCF
How does using levered vs Unlevered free cash flow impact your discounted cash flow model?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:0421/07/2023
Tech VS Manufacturing Company, Which Has Higher Beta?
Which kind of company would have a higher beta, a technology company or a manufacturing company?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:1221/07/2023
How Do You Get Beta In The Cost Of Equity Calculation?
How do you get beta in the cost of equity calculation?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:2220/07/2023
How Do You Calculate Cost Of Equity?
We’ve talked about WACC, but what about the cost of equity component? What do we use for this part of the formula?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
09:4020/07/2023
How Do You Calculate The Discount Rate (WACC)?
How do you calculate the discount rate? This is usually the WACC, or weighted average cost of capital.For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:5119/07/2023
Why Do You Use 5 Or 10 Years In DCF Projections?
Why do you use 5 or 10 years in DCF projections?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:4719/07/2023
What’s An Alternative Way To Get To Free Cash Flow?
What’s an alternative way to get to free cash flow?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
04:5218/07/2023
How Do You Go From Revenue To FCF?
How do you go from revenue to free cash flow?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:1518/07/2023
Walk Me Through A DCF
DCF = Discounted Cash Flow. Let’s go over at a high level what it is and what the different steps of the analysis are! :)For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
11:3017/07/2023
When Does Goodwill Increase?
We know when goodwill gets impaired… but when can it increase?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:4217/07/2023
What Is Goodwill Impairment And What Causes It?
What is goodwill impairment and what causes it?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:3216/07/2023
Positive EBITDA But Still Bankrupt?
Let’s say a company has positive EBITDA for 10 years, but still goes bankrupt. How can this happen?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:2416/07/2023
Why Do Companies Report GAAP And Non-GAAP Earnings?
Why do companies report both GAAP and Non-GAAP earnings?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:4815/07/2023
How Do You Know When To Capitalize Or Expense A Purchase?
The concept of expensing is different from the concept of capitalizing. What's the difference and when is each method appropriate?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:0215/07/2023
How Does Cash-Based VS Accrual Accounting Affect The Financial Statements?
Cash-Based accounting is different than Accrual Accounting. We know the fundamental difference between the two, but how does this play out in the financial statements?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:3014/07/2023
What's The Difference Between Accounts Receivable And Deferred Revenue?
Accounts Receivable and Deferred Revenue both deal with the concept of cash, but they represent different things. What are the differences?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:1314/07/2023
If Cash Is Not Recorded As Revenue, What Happens To It?
If cash is not recorded as revenue, what happens to it?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:5613/07/2023
Why Would A Company Collect Cash And Not Record It As Revenue?
Revenue doesn't always equal cash. What is a scenario where a business would collect cash but not record it as revenue?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:2213/07/2023
Walk Through A $100 Equity Bailout Of A Company
What is a bailout? And how does it affect the three financial statements in the case of an equity bailout?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:4312/07/2023
What Happens With A Write-Down Of $100 Of Debt?
It's not just assets that can be written down, but debt too. What happens to the financial statements in this scenario?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:4712/07/2023
What Happens With A Write-Down Of $100 Of Assets?
Sometimes companies write down the value of their assets (it's actually pretty common). What happens to the three financial statements in this scenario?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:5711/07/2023
What Is Working Capital And How Is It Used?
We'll define what working capital is, how it's used, as well as briefly explore the concept of operating working capital.For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:4311/07/2023
Is Negative Shareholder's Equity Possible?
Today we explore the concept of shareholder's equity and whether or not negative shareholder's equity is possible. Also, what are the implications?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
09:1310/07/2023
Company Sells A Product For $20, At A Cost Of $10
What happens to the three financial statements when a company sells a product for $20 that cost it $10 to make?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:3210/07/2023
Company Buys A Factory With Debt (Years 1,2,3)
What happens when a company buys a factory with debt? There are three parts to this scenario that we'll cover:Start of Year 1 - purchase of the factory for $100 by raising debtStart of Year 2 - assume 10% interest rate on debt with no principal payoff, as well as assume 10% depreciationStart of Year 3 - assume complete write down of the factory to $0, and paying off the $100 loan in fullFor recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
20:1709/07/2023
What Happens When Inventory Goes Up By $10?
What happens to the financial statements when inventory goes up by $10?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:5109/07/2023
How Do You Value A Private Company And Use Them In Valuations?
How do you think about valuing a private business? And who do you use private businesses in valuation work?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:0808/07/2023
Vending Machine Question
Would you rather pay more for a vending machine business where you own the machines outright and pay for depreciation, or lease the vending machines?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
09:4308/07/2023
What's The Difference Between EV/EBIT, EV/EBITDA, And P/E Multiples?
EV/EBIT, EV/EBITDA, and P/E all mean something slightly different. What is the difference between these multiples and when should we consider using them?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
06:4307/07/2023
Why Does Warren Buffet Prefer EBIT Multiples Over EBITDA Multiples?
Warren Buffet is one of the wealthiest people in the world, and he prefers some multiples over others. Why EBIT instead of EBITDA?61For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:4207/07/2023
Why Would An Acquirer Pay Twice The EBITDA Multiple For One Company Than Another?
EBITDA multiples can vary across deals for a number of reasons. What would make an acquirer want to pay double for one company versus another?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:1006/07/2023
Precedent Transactions Exceptions And Flaws
What are the exceptions and flaws to consider when using a Precedent Transactions valuation methodology?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
09:0406/07/2023
How Do You Account For Competitive Advantage In A Company's Valuation?
What is competitive advantage, and how do you account for it in a company's valuation?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:0105/07/2023
The Flaws Of Public Company Comparables
Public company comparables can be useful in analyzing the value of a company, but this method has its flaws. Today, we'll discuss what they are and how we can think about them.For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:2105/07/2023
Why Would Two Comparable Companies Be Valued Differently?
Even with similar growth and profitability metrics, no two companies are exactly alike. What are some of the differences that affect valuation between two similar firms?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
10:2604/07/2023
How Do You Actually Get A Company's Value And What Do You Use It For?
How do you actually get a company's value and what do you use it for?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:2104/07/2023
How Do You Select Comparable Companies and Precedent Transactions?
We know at this point what comparable companies and precedent transactions are - but how do we select them?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
07:5103/07/2023
Would You Compare Free Cash Flow With Equity Or Enterprise Value
Today we introduce the concept of Free Cash Flow (FCF), and discuss how it relates to Equity Value and Enterprise Value.For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
08:2403/07/2023
How Do You Value A Company With No Revenue?
Usually we value companies that have EBITDA or at least have revenue. But what do you do when the company has no revenue?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
10:2602/07/2023
When Would Liquidation Value Produce The Highest Value?
We've covered what liquidation value is, but when would it produce a higher value than other methodologies?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:5602/07/2023
Why Can't You Use Equity Value / EBITDA Instead of EV / EBITDA?
Today we'll explore why you can't use Equity Value / EBITDA instead of EV / EBITDA?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:5001/07/2023
How Would You Value An Apple Tree?
How would you value an apple tree, or any other type of asset for that matter?For recruiting help, join the WSO Academy waitlist today!Contact: [email protected]
05:5301/07/2023