Value a company

Cash flow first, then the per-share figures, then the machinery a valuation runs on: discount rate, cost of equity, terminal value, the reverse DCF and the margin of safety. Ends at the fair-value tool, where every assumption is yours to change.

For you if: You can read the statements and want to know what a business might be worth, and what its price already assumes.

1. 1free cash flow explainedGuide · 7 minThe cash every valuation is built on
2. 2what is epsGuide · 8 minEarnings per share, and why the share count matters
3. 3what is a pe ratioGuide · 8 minThe shortcut most people use instead of a valuation
4. 4discounted cash flowTerm · 3 minThe method on one page
5. 5discount rateTerm · 3 minThe return a valuation demands, and how far one point moves it
6. 6cost of equityTerm · 3 minWhere a discount rate for shareholders comes from
7. 7waccTerm · 3 minThe blended rate once debt is in the picture
8. 8terminal valueTerm · 3 minUsually most of the answer, from the least knowable input
9. 9owner earningsTerm · 3 minA stricter cousin of free cash flow
10. 10reverse dcfTerm · 3 minThe same model run backwards: the growth the price assumes
11. 11graham numberTerm · 3 minA second, simpler estimate to hold against the first
12. 12margin of safetyTerm · 3 minHow far the price sits from the estimate, and which way it is measured
13. 13fair valueTool · 6 minAll of it on a real company, every input from its filings and every assumption editable

Every step is a page that already existed before this path did — nothing here is a teaser for something paid, and there is no next step that asks for money. The times are rounded up on purpose: a promise about effort that flatters us would be worth less than no promise.