Approaches to Valuation

Mastering the DCF Model: Anchoring Valuation in Future Wealth Generation

Imagine you are drafting an initiating coverage report for a high-growth IT services firm listed on the NSE. Your senior analyst asks why you have chosen to ignore the firm’s historical book value in favor of a five-year...

Quantifying Uncertainty: The Art of Calculating Equity Risk Premiums

Imagine you are drafting an initiation note for a mid-cap IT services firm listed on the NSE. Your DCF model shows a robust internal rate of return, but your senior analyst stops you: 'Your discount rate is too...