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1) If the earn out if pegged for year 5 do you adjust the income statement and the corresponding entry cash flow from ops section every year 2) if it’s paid out in year 5 you see a cash flow from financing impact but will there be a cash flow from operations impact that year as well?

Hello hello, thank you very much for your video. You provide crazy value! I bought your courses and they are super great 👍🏼 Any chance you could prepare a deep and detailed valuation of Qurate Retail (QRTEA). I think it would provide tremendous value for the community!!

how do you calculate the purchase price per share of either alfheim capital or asgard capital using both a conversion discount rate and a valuation cap? For example, if we look at Asgard Capital, would it be the valuation cap (10,000,000) divided by the total shares in the post-seed round table (1,333,333) multiplied by a given conversion rate (for example, 20%)? It would look like (10,000,000/1,333,333)*0.8 Does this work or did i get it completely wrong?

great video. is most of this informatoin still up to date (I am europe based) ?

goat shit

Hideous! I thought they were going to color code the columns and cells Color coding the numbers only looks tacky 😩

This one video beats WSP's ENTIRE course. Definitely going to purchase the whole thing from you guys. Great video.

useful video

thanks for your detailed explanation of the M&A

Great content. Really well done. Balances accuracy, speed and function.

How can the ROU asset and liability not balance? What am I missing here?

The revenue growth rate was in line with what I seen in SaaS firms pre-revenue to pre-IPO covering the venture debt space. Pretty spot on about how SaaS metrics are used to analysis firms. Generally speaking, we use many of those things mentioned to figure out whether something is right, if not, we use it to figure where to start looking at.

Great Video. Thanks Brian!

Thanks Bryan. Love it when you post.

great content

Why don't we integrate the 2% ($24m) advisory & management fees? I assumed that I should at least subtract that figure our return calculation (from the Equity Value). Thank you very much!

Why is the CapEx (factory maintenance expense) based on last year's number of factories and not the number of factories we have this year? Thank you very much

Files & Resources: breakingintowallstreet.com/kb/venture-capital/rule-of-40/ Table of Contents: 0:00 Introduction 1:14 The Rule of 40 in a Nutshell 3:58 Part 1: How to Calculate the Rule of 40 7:27 Part 2: Valuation Implications 9:09 Part 3: The Rule of 40 as an Operational Metric 10:25 Part 4: The Rule of X and Other Variations/Improvements 11:42 Recap and Summary

sorry i´m confused. in your webpage you mention that a you can also create a Net DTA (DTL-DTA). Does that play when calculating Enterprise Value (subtracting or adding)? also, inside DTA you find NOL, in order not to double count, should I consider Net DTA without NOL, and treat NOL at the end considering it a non-operating asset? thanks

Sir, Do banks have working capital? How does the concept of Working Capital apply to a bank? Is the Liquidity Coverage Ratio (LCR) the same as Current Ratio/Working Capital Ratio? It is difficult to calculate the working capital of a bank because a bank's balance sheet does not include typical current assets and liabilities.

Can it used in a nonprofit semi government medical organization?

Great teaching and video Brian

Hey Brian thanks for the video. I checked for the file and didn’t see it on the site. Kindly can you provide and updated link?

Bro, thank you for the good stuff. cheers!

where can I find this Excel?

Thanks for your video! When calculating the tax-deductible interest expense on the P&L, you included the entire interest expense (included the interest you didn't pay, like the PIK), not just the coupons you paid out to debt holders. Is this correct? Is the entire interest expense tax deductible?

Thank you.

Can someone please clear this doubt: when Accounts Receivable increases, why won't the cost of goods sold increase? Accounts Receivable increased due to "extra" sell of a product. So, shouldn't have the costs of goods sold also increased? I cant seem to understand why COGS wont increase!?

Thank you! Most of the banking videos are usually super long or not detailed enough, so this 15 min vid strikes a great balance!

Do investors usually prefer to see a negative or positive change in NWC?

This was great, could you make more complex videos of solving and explaining interview type questions - thanks!

Awesome, please share a detailed video on the cash flow statement as well. Thanks

If equity proceeds are 1484 why does that not tie to the total return to equity investors? It seems like there’s more money unaccounted for

Excellent👍

Great video, as always Sir, please create more and more videos

Can you please address the “creative” side of accounting and how Finance professionals can manage the results without having to micromanage every entry? By “creative” I mean how 10 accountants will have 10 different AJE’s for the same scenario and they will all be acceptable under GAAP.

Files & Resources: breakingintowallstreet.com/kb/accounting/balance-sheet/ Table of Contents: 0:00 Introduction 0:37 The Short Version 5:56 Part 1: Balance Sheet Sample and Example Line Items 7:51 Part 2: Financial Model Projections and Required Links 11:37 Part 3: Why the Balance Sheet is Critical in Interview Questions 13:06 Recap and Summary

A common error made in the computation of return on capital is using actual taxes paid in the computation of the after-tax operating income. This will result in a double counting of the tax benefit from debt, once in the return on capital (which will be increased because of the interest tax savings) and again in the cost of capital (which will be reduced the reflect the same tax benefit)

Top standard!

Would like to hear your input on P5: Would it not be prudent as an interview candidate to ask about the considerations of what "evenly over 3 years" means, as the proper interpretation of discount periods is essential and "evenly" could be considered with a continuous compound in theory. Furthermore, I think it would be necessary to ask the interviewer how much of a "stake" the PE firm retained after the IPO, as it is highly unlikely they maintained 100% stake for a full year post IPO, which calls back into question the sell off distribution. This leads into the last consideration that your solution seems to assume the IPO and sell of runs concurrently with the growth, where it is more practical that this IPO and sell off would take place after the EBITDA growth. The problem then would become more interesting on the needed assumptions of its post IPO growth and consequently equity stake value. Thus leading to differing valued cash flows discounted over the total 6 year transaction life. I love your content and thought Id see if what comes to my mind is too nitpicky or it makes sense I Have an IB analyst interview in 3 weeks Thanks for the great video

You are so great! and many thanks for giving it for free :D

In all hinesty this isnit a good practice, it only shows how you treat an investment which is a hot potato. By putting so much leverage and always refinancing, you are effectively putting all the risk to the debt holders or debt investors and you dont care what happens in thr business when business conditions change to the worse because your equity investment due to high returns are already recouped or you are derisked already and any additional income is just a bonus. If the business burns, the one who willabsorb those losses is the debt holders. This is corporate america, milk it to the core. I do not know whydebt holders eould even want to be inthat position of assuming all the risk while your equity partner is enjoying, i guess its because refinancing allows the transfer of risk from previous debtholder to a new debtholder while thepotato is still hot

Always Useful!!!!

So generally the bigger NPV the better.

Not sure if I miss anything, but for the first part (2:32) the Lease Asset and Lease Liability under finance lease and IFRS operating lease seemed to be reduced at different rate each year Lease Asset reduced by depre while Lease Liab reduced by Principal repayment) But under GAAP both are decliend in the same rate as Depre=principal repayment. But under file at 19:38 in Balance sheet, Why under IFRS16, ROU asset=Operating Lease while it is unequal under GAAP (ROU asset=225 while Operating lease=210) where does 225 and 210 comes from? Thank you

Something to add, it's easy to get an R^2 of 0.99 when you have only 3 data points. If you added in more companies, things could change.

Hi, What are your thoughts on capitalizing for instanse R&D which affects ebit and profit as a whole like professor Aswath suggests? That would also affect in computing ROE and ROIC. I would love to hear your thoughts on that since I'm trying to learn as much as possible. Thank you!

Files & Resources: mergersandinquisitions.com/project-finance-vs-corporate-finance/ Table of Contents: 0:00 Introduction 1:22 Part 1: The 2-Minute Summary 3:47 Part 2: Assets and Legal Structures 4:59 Part 3: Time Frame and Model Structure 6:17 Part 4: Debt Usage and Terminal Value 9:25 Part 5: How the “Deal Math” Works 12:21 Recap and Summary

Good stuff. If m starting a company, which which agreement should i use? i will using MRR model

How do I usually know which market I should use for the Equity risk premium? The S&P wouldn’t be useful for a company operating in Europe right ?