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Valuation

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Relative Valuation

Damodaran Online: Home Page for Aswath Damodaran. Cec.shfc.edu.cn/download/ff9afd43-a63a-4c1e-b8f3-9566c0c62053.pdf. Damodaran Online: Home Page for Aswath Damodaran. Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions: Joshua Rosenbaum, Joshua Pearl, Joseph R. Perella: 9780470442203: Amazon.com: Books. Scoopbooks Series on Investment Banking. Operating Model. In this tutorial, we will walk through how to build a general industry business operating model.

Operating Model

This model is an important foundational building block for merger and LBO models. We assume some familiarity with basic accounting and related terms, and will cover advanced topics like deferred taxes, equity method accounting, Dividends Received Deduction, net operating losses, payment-in-kind interest, and alternative minimum tax, to name a few. We begin by setting up the income statement and balance sheet, populating each with most recent year ("MRY") financial data sourced from a 10-K, annual report, or other filing.