#  @financialmodeling Mergers & Inquisitions / Breaking Into Wall Street
Mergers & Inquisitions / Breaking Into Wall Street posts on YouTube about wall street, breaking, tutorial, utm the most. They currently have [-------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.
### Engagements: [-----] [#](/creator/youtube::UC4LeewYWZ3ruS3Bc64ldXuw/interactions)
- [--] Week [-----] -6.40%
- [--] Month [------] -54%
- [--] Months [-------] -39%
- [--] Year [-------] +136%
### Mentions: [--] [#](/creator/youtube::UC4LeewYWZ3ruS3Bc64ldXuw/posts_active)
- [--] Month [--] -12%
- [--] Months [---] +6.60%
- [--] Year [---] +138%
### Followers: [-------] [#](/creator/youtube::UC4LeewYWZ3ruS3Bc64ldXuw/followers)
- [--] Week [-------] no change
- [--] Month [-------] +0.57%
- [--] Months [-------] +3.60%
- [--] Year [-------] +9.40%
### CreatorRank: [---------] [#](/creator/youtube::UC4LeewYWZ3ruS3Bc64ldXuw/influencer_rank)
### Social Influence
**Social category influence**
[finance](/list/finance) 64.75% [currencies](/list/currencies) 7.91% [stocks](/list/stocks) 6.47% [technology brands](/list/technology-brands) 4.32% [social networks](/list/social-networks) 1.44% [countries](/list/countries) 0.72% [celebrities](/list/celebrities) 0.72%
**Social topic influence**
[wall street](/topic/wall-street) #909, [breaking](/topic/breaking) 41.73%, [tutorial](/topic/tutorial) 31.65%, [utm](/topic/utm) 25.9%, [how to](/topic/how-to) 18.71%, [cash flow](/topic/cash-flow) 15.11%, [debt](/topic/debt) 13.67%, [core](/topic/core) 13.67%, [investment](/topic/investment) 12.95%, [private equity](/topic/private-equity) 11.51%
**Top assets mentioned**
[FilesCoins Power Cu (FILECOIN)](/topic/files) [Dell Technologies, Inc. (DELL)](/topic/dell) [DT Midstream, Inc. (DTM)](/topic/$dtm) [Lazard Ltd. Class A (LAZ)](/topic/$laz) [Netflix Inc (NFLX)](/topic/$nflx) [THUMB (THUMB)](/topic/thumb) [Uber Technologies, Inc. (UBER)](/topic/$uber)
### Top Social Posts
Top posts by engagements in the last [--] hours
"LBO Model Interview Questions: What to Expect Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt19 In this tutorial you'll learn about the most common LBO modeling-related questions and some tricks and rules of thumb you can use to approximate the IRR and solve for assumptions like the purchase price and EBITDA growth in leveraged buyouts. Table of Contents: 2:36 Question #1: LBO Model Walkthrough 5:34 Question #2: Ideal LBO Candidates 8:09 Question #3: How to Approximate IRR 11:46 Question #4: How to Solve for EBITDA or the"
[YouTube Link](https://youtube.com/watch?v=8BgVtn7Lo9U) 2016-11-01T21:34Z 175K followers, 218K engagements
"Simple LBO Model - Case Study and Tutorial Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt15 In this LBO Model tutorial you'll learn how to build a very simple LBO model "on paper" that you can use to answer quick questions in PE (and other) interviews. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" This matters because in many cases they'll ask you to calculate numbers such as IRR and multiple of invested capital very quickly and will not actually ask"
[YouTube Link](https://youtube.com/watch?v=8VULm4T1jFI) 2014-06-17T02:19Z 175K followers, 497.8K engagements
"LBO Modeling Test: Full Walkthrough of a 60-Minute Test (Blank Sheet) Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt12 In this tutorial youll learn how to complete a full 60-minute LBO modeling test starting from a blank sheet in Excel and youll learn how to simplify and work efficiently so you finish on time. NOTE: The Management Options calculations here are not quite correct. We cannot "amend" or "update" YouTube videos but the simplest way to fix this is to keep the "Cash from Management Options" formula the same but"
[YouTube Link](https://youtube.com/watch?v=AX7qJg9k6CM) 2021-12-15T18:00Z 175K followers, 139.6K engagements
"Accretion Dilution - Rules of Thumb for Merger Models Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt13 Learn about rules of thumb you can use to determine whether an acquisition will be accretive or dilutive in advance based on the P/E multiples of the buyer and seller the % cash stock and debt used and the prevailing interest rates on cash and debt. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Here's an outline of what we cover in the lesson and the"
[YouTube Link](https://youtube.com/watch?v=DBL_XAY0Oz8) 2013-11-17T11:56Z 175K followers, 178.6K engagements
"Bank Regulatory Capital and the Tragic Tale of Silicon Valley Bank and Credit Suisse You'll learn about bank regulatory capital in this lesson why it exists and why it did not stop Silicon Valley Bank or Credit Suisse from failing - even though both had seemingly "healthy" levels of capital. Files & Resources: https://breakingintowallstreet.com/kb/bank-modeling/bank-regulatory-capital/ Table of Contents: 0:00 Introduction 5:04 Part 1: Bank Regulatory Capital Ratios 12:16 Part 2: Why the Rules Didnt Work for SVB 17:54 Part 3: Why the Rules Didnt Work for Credit Suisse 20:44 Part 4: What Can We"
[YouTube Link](https://youtube.com/watch?v=FSnj50HtZi0) 2023-03-31T17:27Z 175K followers, [----] engagements
"WACC Cost of Equity and Cost of Debt in a DCF Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt25 In this WACC and Cost of Equity tutorial you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity Cost of Debt. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn about WACC (Weighted Average Cost of Capital) - and why it is not always so straightforward to answer these questions in interviews. Table of Contents:"
[YouTube Link](https://youtube.com/watch?v=UTUVgGbX3Uk) 2014-09-23T15:47Z 175K followers, 257.5K engagements
"Precedent Transaction Analysis: The Full Guide and Excel Examples Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt34 In this tutorial youll learn about Precedent Transaction Analysis including how to find comparable deals in the industry of the company youre valuing how to select the metrics and multiples how to complete the analysis manually and how to interpret the set of transactions and the implied values they produce. Table of Contents: For all files and resources please see:"
[YouTube Link](https://youtube.com/watch?v=ZH8Vw-j2Db4) 2021-11-22T16:30Z 175K followers, 39.7K engagements
"The Liquidation Preference in VC: Downside Protection + Tricky Excel Formulas Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 In this tutorial you'll learn all about liquidation preferences for startups and venture capital investors and you'll learn how to write the most important Excel formulas for a robust analysis. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/liquidation-preference/ Table of Contents: 0:00 Introduction 1:25 Part 1: Simple 1x Liquidation Preference Example 4:17 Part 2: What"
[YouTube Link](https://youtube.com/watch?v=a1LLCH9_Dx0) 2024-11-13T17:30Z 175K followers, [----] engagements
"The Debt Schedule in 3-Statement Models LBO Models and Credit Models Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt16 NOTE: There is a "typo" around the 11:30 mark and we link to the incorrect Beginning Cash balance. It should be $6 billion instead of $6.397 billion. Please go by the Excel file and screenshots. YouTube does not allow us to correct or edit videos. Excel Files Resources and Table of Contents: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/debt-schedule/ 0:00 Intro 1:53 Summary of Debt"
[YouTube Link](https://youtube.com/watch?v=ami1hPrxOkk) 2022-12-28T18:30Z 175K followers, 56.5K engagements
"Comparable Company Analysis (CCA) Tutorial Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt29 In this tutorial youll learn all about Comparable Company Analysis (CCA) also known as Public Comps or Comps including why it works what it tells you and how to complete the process efficiently without access to expensive subscription services. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:28 What Does Comparable Company Analysis Mean 3:21 How"
[YouTube Link](https://youtube.com/watch?v=mKBKuuEmzoM) 2018-11-15T22:13Z 175K followers, 107.4K engagements
"LBO Model: Sources & Uses Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt52 Why Does the Sources & Uses Schedule Matter Key part of an LBO (leveraged buyout) model -- what you're paying for (the Uses) must equal how much you're putting in (the Sources). Similar to the conservation of energy or momentum in physics *money* must be conserved in a transaction like this -- cannot be created or destroyed. But the real point is that this schedule determines the amount of CASH (equity) the private equity firm must contribute to a"
[YouTube Link](https://youtube.com/watch?v=w-SQ4rOe3LE) 2014-01-28T16:17Z 175K followers, 93.8K engagements
"Cash Flow from Operations: Real Life vs. Investopedia Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial walks you through the concept behind Cash Flow from Operations and the adjustments that are often required when working with real-life companies. Files & Resources: https://breakingintowallstreet.com/kb/accounting/cash-flow-from-operations/ Table of Contents: 0:00 Introduction 1:00 The Short Version 5:50 Part 1: Target Example 7:49 Watches of Switzerland 10:52 Telstra 13:46 Part 2: Why CFO is Not an Ideal"
[YouTube Link](https://youtube.com/watch?v=25tK_oXt0IE) 2026-02-04T15:00Z 175K followers, [----] engagements
"The Dividend Discount Model (DDM): The Black Sheep of Valuation Get the full Excel files resources and written versions here: https://mergersandinquisitions.com/dividend-discount-model/ Table of Contents: 0:00 Introduction 1:16 The Short Answer 7:07 Part 1: Revenue Expense and Cash Flow for DT Midstream 10:42 Part 2: Distributable Cash Flow Calculations 13:10 Part 3: Debt Cash and Interest Projections 15:11 Part 4: PV of Dividends Terminal Value and Implied Value 17:18 Part 5: Merits and Drawbacks of the DDM 19:24 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=2MqVe2Gj3qU) 2023-05-03T16:28Z 175K followers, 15.2K engagements
"Type Curves in Oil & Gas Modeling: Modeling Master Key or Academic Curiosity Learn more here: https://breakingintowallstreet.com/oil-gas-modeling/ This tutorial will teach you what "negative Working Capital" means how it varies based on the industry and why it is often "much do about nothing." Files & Resources: https://breakingintowallstreet.com/kb/oil-gas-modeling/type-curve-oil-and-gas/ Table of Contents: 0:00 Introduction 0:52 The Short Version 3:18 Part 1: What is a Type Curve Key Vocabulary 6:18 Production Forecasts 8:48 Part 2: From Type Curves to Models and Cash Flows 17:14 Part 3:"
[YouTube Link](https://youtube.com/watch?v=2tJpxiIqFSM) 2025-07-16T17:42Z 175K followers, [----] engagements
"The Fixed Charge Coverage Ratio (FCCR) in Credit Analysis: Cash Flow Confusion Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This free tutorial explains the Fixed Charge Coverage Ratio (FCCR) and demonstrates several examples of how to calculate and interpret it including its potential problems. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/fixed-charge-coverage-ratio-fccr/ Table of Contents: 0:00 Introduction 0:37 The Short Version (OK Not [--] Minutes) 6:28 Part 1: How to"
[YouTube Link](https://youtube.com/watch?v=3EwLKYXahd4) 2025-05-21T15:41Z 175K followers, [----] engagements
"The Debt-to-Equity Ratio in Valuation and Credit Analysis Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 In this tutorial you'll learn how to use the Debt-to-Equity Ratio in valuations credit models and 3-statement models and what a company's overall Debt level actually "means." Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/debt-to-equity-ratio/ Table of Contents: 0:00 Introduction 2:59 Part 1: Basic Calculations 4:57 Part 2: What is a Good Debt-to-Equity Ratio 6:30 Part 3: Debt"
[YouTube Link](https://youtube.com/watch?v=3J6U7rhvwhM) 2025-02-12T15:00Z 175K followers, [----] engagements
"The Loan-to-Value (LTV) Ratio in Real Estate: How to Level Up by Levering Up Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt54 In this tutorial you'll learn what the Loan-to-Value (LTV) Ratio means in real estate and how to use it in real estate financial models for property acquisitions and refinancings. Files & Resources: https://breakingintowallstreet.com/kb/real-estate-modeling/loan-to-value-ltv/ Table of Contents: 0:00 Introduction 0:31 The Short Version 4:19 Part 1: How to Find the Right LTV 5:17 Part 2: Acquisition Example"
[YouTube Link](https://youtube.com/watch?v=7VlgFjFiC18) 2024-09-18T14:45Z 175K followers, [----] engagements
"Levered Free Cash Flow and the Levered DCF SEE THE IMPORTANT NOTE BELOW THE VIDEO IMPORTANT NOTE: The video here has a calculation error with the Levered FCF numbers. Please go by the screenshots and written guide on this page and the Excel file provided here. These have all been corrected. Unfortunately YouTube does not let us replace or correct the video so we cant fix this issue without deleting and re-uploading the entire video and losing all the comments and data. To get all the files and resources and a text version please go to:"
[YouTube Link](https://youtube.com/watch?v=AcbnWc9yVWU) 2022-01-26T14:00Z 175K followers, 21.5K engagements
"The Capitalization Table: The Lifeblood (and Deathbed) of Startups Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 In this tutorial you'll learn all about capitalization tables ("cap tables") for startups and venture capital-backed companies and you'll get simple examples of the most important calculations. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/capitalization-table/ Table of Contents: 0:00 Introduction 1:07 Part 1: Cap Tables: The Short Version 2:30 Part 2: Ownership and Investment Sizes"
[YouTube Link](https://youtube.com/watch?v=Hxbek1fkn-I) 2024-03-20T15:00Z 175K followers, 11.1K engagements
"The Levelized Cost of Energy: How to Become Famous Thanks to Lazard Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 In this tutorial you'll learn about the Levelized Cost of Energy (LCOE) in Project Finance including several sample calculations and when it is useful vs. not so useful. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/levelized-cost-of-energy/ Table of Contents: 0:00 Introduction 0:52 The Short Version 5:16 Part 1: Solar Development Calculation 9:09 Part 2: What Does LCOE Mean in"
[YouTube Link](https://youtube.com/watch?v=I9QYbWfr5JU) 2024-12-11T19:00Z 175K followers, [----] engagements
"Debt Sculpting vs. Debt Sizing in Project Finance Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt56 This tutorial will explain Debt Sculpting vs. Debt Sizing in Project Finance including simple and more complex ways to handle both and incorporate them into models. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/debt-sculpting-vs-debt-sizing/ Table of Contents: 0:00 Introduction 1:09 Part 1: The TL;DW of Debt Sculpting and Sizing 3:07 Part 2: Simple Debt Sculpting Example 4:49 Part 3: DSCR-Based"
[YouTube Link](https://youtube.com/watch?v=KZFWaJkqZpk) 2024-07-10T15:30Z 175K followers, 18K engagements
"The Cash Flow Sweep in LBOs: How to Clean Up Your IRR with Some Early Debt Repayment Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial you'll learn how the Cash Flow Sweep works in an LBO model including simple formulas and a more complex approach for multiple Debt tranches. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/cash-flow-sweep/ Table of Contents: 0:00 Introduction 3:28 Part 1: Sweep Percentages and Returns 7:20 Part 2: Cash Flow Sweep with Multiple Tranches"
[YouTube Link](https://youtube.com/watch?v=LUsN-MpOFVA) 2025-01-16T15:00Z 175K followers, [----] engagements
"PE Funds of Funds and Secondaries Case Studies: Full Prep Guide Learn more here: https://breakingintowallstreet.com/private-equity-funds-of-funds/ This tutorial gives you a full crash course on PE funds of funds and secondaries case studies from typical modeling tasks to qualitative fund and portfolio company evaluations. Files & Resources: https://breakingintowallstreet.com/kb/financial-sponsors/funds-of-funds-case-studies/ Table of Contents: 0:00 Introduction 1:18 Motivations and Market Overview 3:29 Case Study Expectations 6:58 Part 1: Primary PE Fund Investing 11:29 Part 2: LP-Led"
[YouTube Link](https://youtube.com/watch?v=Md8aJNGavDo) 2025-12-10T16:54Z 175K followers, [----] engagements
"Michael Burry vs. AI and Big Tech: CapEx Depreciation and Nvidia GPUs Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial gives you a crash course on CapEx and Depreciation from accounting to valuation and explains why neither side is "right" in the "AI CapEx and Useful Life" debate. Files & Resources: https://breakingintowallstreet.com/kb/accounting/capex-depreciation/ Table of Contents: 0:00 Introduction 1:41 The Short Answer 5:19 Part 1: CapEx and Depreciation Accounting 8:57 Part 2: CapEx and Depreciation"
[YouTube Link](https://youtube.com/watch?v=OA3eQb55Tjw) 2025-11-19T19:30Z 175K followers, [----] engagements
"Why Deferred Tax Liabilities Get Created in an M&A Deal Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt61 Why Do Deferred Tax Liabilities Matter They're part of any M&A deal. By http://breakingintowallstreet.com/biws/ You'll find you always see them in the purchase price allocation schedule and they impact the combined company's taxes after the deal takes place. You see them all the time especially for highly acquisitive companies like Oracle. They reflect the fact that there are TIMING differences between when a company"
[YouTube Link](https://youtube.com/watch?v=UpbxN_xuGV4) 2014-03-18T08:59Z 175K followers, 66.4K engagements
"Negative Working Capital: Good Sign Red Flag or Much Ado About Nothing Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial will teach you what "negative Working Capital" means how it varies based on the industry and why it is often "much do about nothing." Files & Resources: https://breakingintowallstreet.com/kb/accounting/negative-working-capital/ Original Working Capital Tutorial: https://www.youtube.com/watchv=tMgty8jwmHI Table of Contents: 0:00 Introduction 0:52 The Short Version 4:35 Part 1: Dollar Tree"
[YouTube Link](https://youtube.com/watch?v=Xmm3C7gYpv8) 2025-07-02T10:23Z 175K followers, [----] engagements
"Paid-In-Kind (PIK) Interest: Full Tutorial for LBO Models Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt28 In this tutorial you'll learn about PIK (Paid-in-Kind) Interest in leveraged buyouts and LBO models and how it affects the returns for both the lenders and the equity investors. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/pik-interest/ Table of Contents: 0:00 Introduction 4:15 Part 1: PIK vs. Cash Interest in an LBO 7:39 Part 2: The Returns to Lenders 9:07 Part 3: Debt"
[YouTube Link](https://youtube.com/watch?v=YJyTF-fZylw) 2024-02-07T13:00Z 175K followers, 10.9K engagements
"Quick IRR Calculation in LBO Models In this tutorial you'll learn tricks to approximate IRR quickly in leveraged buyouts how to think about IRR intuitively and how to apply these tricks to both simple and more complex private equity case studies. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:31 Part 1: The Rules and Rules of Thumb for IRR 7:44 Part 2: Quick IRR Calculation in a Simple LBO Model 11:44 Part 3: Quick IRR Calculation in a Real-Life Scenario 18:45 Recap and Summary Tips for Quickly"
[YouTube Link](https://youtube.com/watch?v=YYW_DaXtQ84) 2016-08-02T16:15Z 175K followers, 80.6K engagements
"Commercial Real Estate Loan Refinancing: What It Means and Why Investors Do It Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt43 In this lesson youll learn what it means to refinance commercial real estate loans in development and acquisition deals why Equity Investors do it and how it can boost their returns in deals. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:24 The Short Explanation for Refinancing 4:27 Examples with the Propertys"
[YouTube Link](https://youtube.com/watch?v=ZMg_70u4kB4) 2018-08-10T12:49Z 175K followers, 21.1K engagements
"Net Revenue Retention for SaaS: Key Metric or Disguise for Disappointing Performance Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 You'll learn about the Net Revenue Retention (NRR) metric for startups and SaaS companies in this tutorial including differences vs. Gross Retention and its real-life pros and cons. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/net-revenue-retention-nrr/ Table of Contents: 0:00 Introduction 0:45 The Short Answer 4:38 Part 1: Simple and Complex Calculations 7:40 Part"
[YouTube Link](https://youtube.com/watch?v=andtbgIIgno) 2025-03-26T16:32Z 175K followers, [----] engagements
"PE Fund Performance Metrics: TVPI vs. MOIC vs. DPI and Gross vs. Net IRR Learn more here: https://breakingintowallstreet.com/private-equity-funds-of-funds/ This tutorial gives you a full crash course on PE fund performance metrics including TVPI DPI RVPI and Gross vs. Net MOIC and IRR. Files & Resources: https://breakingintowallstreet.com/kb/financial-sponsors/private-equity-fund-performance-metrics/ Table of Contents: 0:00 Introduction 1:40 Summary of Gross IRR and MOCI TVPI Net IRR DPI and RVPI 6:27 Metrics' Interpretation 7:57 Part 1: Fee Calculations and Formulas 12:05 Part 2: The Net"
[YouTube Link](https://youtube.com/watch?v=bGhv_Kox5RA) 2026-01-21T18:35Z 175K followers, [----] engagements
"The Top Financial Modeling Mistakes: How to Avoid Balance Sheet Black Holes and Fake Projections Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial explains the top mistakes we see in financial models submitted by students from data to projection methods to metrics and ratios. Files & Resources: https://breakingintowallstreet.com/kb/3-statement-models/financial-modeling-mistakes/ Table of Contents: 0:00 Introduction 1:24 Short Summary 4:30 Part 1: Over-Reliance on Templates and Company Statements 8:00 Part 2:"
[YouTube Link](https://youtube.com/watch?v=hsbCc7DCZPE) 2026-01-07T17:30Z 175K followers, [----] engagements
"IRR vs. Cash on Cash Multiples in Leveraged Buyouts and Investments In this IRR vs Cash tutorial youll learn the key distinctions between the internal rate of return (IRR). By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You will also learn further distinctions on the cash-on-cash multiple or money-on multiple when evaluating deals and investments and youll understand why venture capital (VC) firms target one set of numbers whereas private equity (PE) firms target a different set of numbers."
[YouTube Link](https://youtube.com/watch?v=i7jm2bay7pg) 2014-08-05T17:07Z 175K followers, 72.6K engagements
"Revenue Models for Consumer Retail Companies In this Revenue Models lesson you'll learn how to build a revenue model for a consumer retail company. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Chuck E. Cheese a kids' restaurant chain that was acquired by Apollo for $1.3 billion is used in this example since their data is readily available and easy to use Table of Contents: 0:39 Why Revenue Models Are Important 2:19 How to Set Up Revenue Models - Units Sold and Market Size Methods 3:39 How You Build a Revenue Model -"
[YouTube Link](https://youtube.com/watch?v=ijRUAozn3UM) 2014-04-08T11:06Z 175K followers, 45.5K engagements
"Cash Flow Available for Debt Service (CFADS): The Lifeblood of Infrastructure Assets Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 In this tutorial you'll learn how to calculate and use the Cash Flow Available for Debt Service (CFADS) in Project Finance in both basic and more advanced models. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/cash-flow-available-for-debt-service-cfads/ Table of Contents: 0:00 Introduction 0:29 The Short Version 3:45 Part 1: Basic CFADS Calculation 6:28 Part 2:"
[YouTube Link](https://youtube.com/watch?v=kgGi4ga-Y2w) 2025-01-29T19:30Z 175K followers, [----] engagements
"Net Operating Losses (NOLs) on the [--] Financial Statements Theres A LOT of confusion over how Net Operating Losses (NOLs) and Deferred Tax Assets (DTAs) work on the [--] financial statements. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" In this lesson youll learn how NOLs are created and used up how that impacts the DTA and what the full impact on the [--] financial statements under different scenarios is. NOLs on the [--] Statements Spreadsheet:"
[YouTube Link](https://youtube.com/watch?v=p_53cPDNxCQ) 2014-11-04T12:26Z 175K followers, 60.3K engagements
"Merger Model: Cash Debt and Stock Mix In this merger model lesson you'll learn how a company might decide what mix of cash debt and stock it might use to fund. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" . might use to fund a merger or an acquisition - and you'll understand how to determine the appropriate amount of each one in a deal. 2:24 General Order of Funding for M&A Deals 4:49 Cash - How Much Can You Use 9:56 Debt - How Much Can You Use 14:08 Stock - How Much Can You Use 16:32 Exceptions 18:03 Recap and"
[YouTube Link](https://youtube.com/watch?v=phcVjvvOiM0) 2014-10-21T17:20Z 175K followers, 81K engagements
"Return on Invested Capital (ROIC) in Real Life: Beyond the "Investopedia Version" Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt33 In this tutorial you'll learn all about Return on Invested Capital (ROIC) and what it tells you about a company's valuation and your assumptions in financial models. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/roic-return-on-invested-capital/ Table of Contents: 0:00 Introduction 0:52 The Short Answer 4:53 Part 1: ROIC Calculations for Target and Best Buy"
[YouTube Link](https://youtube.com/watch?v=rejRU5hwWJM) 2024-03-06T18:00Z 175K followers, 12.8K engagements
"Original Issue Discount (OID) on Debt Issuances In this tutorial you'll learn what "Original Issue Discount" or OID on Debt issuances means and how it works on the financial statements. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 0:51 The Short Simple Answer 4:04 The Longer Answer OID on Debt with Principal Repayments 10:28 Recap and Summary Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Original-Issue-Discount-Slides.pdf"
[YouTube Link](https://youtube.com/watch?v=uNwHEJ-WgA8) 2018-12-20T18:11Z 175K followers, 39K engagements
"Management Rollover vs. Option Pool: LBO Incentive Structures Formulas and IRR Impact Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial you'll learn about two common incentive structures in leveraged buyout deals: Management rollovers and management option pools. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/management-rollover-vs-management-option-pool/ Table of Contents: 0:00 Introduction 1:13 Part 1: The 3-Minute Summary 4:58 Part 2: Rollover vs. Option Pool IRR"
[YouTube Link](https://youtube.com/watch?v=xCQYwmduOQU) 2024-10-23T20:30Z 175K followers, [----] engagements
"Investment Banking Fit Questions: Quick Prep Learn more here: https://breakingintowallstreet.com/investment-banking-interview-guide/utm_medium=yt&utm_source=yt&utm_campaign=yt59 In this tutorial youll learn how to prepare for fit questions in investment banking interviews efficiently and how to use the Rule of [--] to develop short anecdotes and responses that you can re-use to answer the most common questions. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 3:57 Your [--] Short Stories 6:22 Your [--] Strengths"
[YouTube Link](https://youtube.com/watch?v=yVWr0frbtd8) 2017-04-11T22:41Z 175K followers, 90.4K engagements
"Cap Rates in Real Estate: EBITDA Multiple for Properties Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt41 In this tutorial you'll learn what Cap Rates in real estate mean how to use them in models and what to be careful of when using them in analyses. Files & Resources: https://breakingintowallstreet.com/kb/real-estate-modeling/cap-rate/ Table of Contents: 0:00 Introduction 0:37 The Short Version 4:44 Part 1: What Affects Cap Rates and How to Find Them 6:58 Part 2: Cap Rate vs. IRR vs. Cash Yield 9:19 Part 3: Cap Rates in Real"
[YouTube Link](https://youtube.com/watch?v=05gIvC7y0hI) 2024-08-08T19:00Z 175K followers, [----] engagements
"Equity Value and Enterprise Value Interview Questions: What to Expect REVISED In this tutorial youll learn what to expect in interviews when it comes to Equity Value and Enterprise Value and youll understand the key principles you can use to answer any question on these topics. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-18-Eq-Val-TEV-Interview-Questions-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-18-Eq-Val-TEV-Interview-Questions.xlsx Table of Contents: 0:00 Introduction 1:05 Corrected Rule for Eq Val 3:39 Interview Question"
[YouTube Link](https://youtube.com/watch?v=21BE38E3zu8) 2023-10-23T10:47Z 143K followers, 20.3K engagements
"Excel Lambda Functions: Create Your Own Functions Without VBA or Macros Learn more: https://breakingintowallstreet.com/excel-vba/utm_medium=yt&utm_source=yt&utm_campaign=yt37 You'll learn how to create simple Lambda functions to create and re-use custom calculations in Excel in this tutorial. Files & Resources: https://breakingintowallstreet.com/kb/excel/excel-lambda-functions/ Table of Contents: 0:00 Introduction 2:31 Basic Syntax 4:51 Part 1: The MOIC Function 7:16 Part 2: Error-Checking the Function 11:21 Part 3: Extensions and Drawbacks of Lambda Functions 13:14 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=2D6j956-zqA) 2025-10-08T10:50Z 175K followers, [----] engagements
"Deferred Taxes in Models and Valuations: Interpretation and Projections In this tutorial youll learn what Deferred Taxes on the financial statements mean and how to project them in 3-statement models and valuations for different types of companies. Table of Contents: 0:00 Introduction 0:33 The Short Version 5:30 Part 1: Net Operating Losses (NOLs) and Deferred Taxes 9:57 Part 2: Accelerated Depreciation and Deferred Taxes 13:39 Part 3: Stock-Based Compensation and Deferred Taxes 17:51 Part 4: Model and Valuation Treatment 20:04 Recap and Summary Files & Resources:"
[YouTube Link](https://youtube.com/watch?v=4MNhutaudWA) 2022-09-21T17:14Z 162K followers, 15.2K engagements
"Is the Risk-Free Rate Really Risk-Free Why U.S. Treasuries Could Trade Like Meme Stocks You'll learn about the Risk-Free Rate in this tutorial including why the name is deceptive and how it's 100% possible to lose money on "safe" government bonds (and also earn far above the stated yield). Table of Contents: 0:00 Introduction 3:58 What is the Risk-Free Rate 5:53 Interest-Rate Risk 13:39 Currency Risk 16:51 Inflation Risk 19:44 Recap and Summary Files & Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Risk-Free-Rate.xlsx"
[YouTube Link](https://youtube.com/watch?v=4VELvw-AgTg) 2023-01-25T22:14Z 165K followers, [----] engagements
"Inventory and COGS: LIFO vs FIFO In this lesson you'll learn how Inventory and Cost of Goods Sold (COGS) differ under the LIFO (Last-In First-Out) and FIFO (First-In First-Out) methods. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also understand their impact on the financial statements. This lesson is ONLY applicable if you are in the US -- under IFRS which most other countries follow only FIFO is allowed. Table of Contents: 0:48 Why LIFO vs. FIFO Matters and a Simple Example 4:22 Real Life Example of LIFO vs."
[YouTube Link](https://youtube.com/watch?v=57lPSxhDoc8) 2014-06-10T10:33Z 166K followers, 26.3K engagements
"SPAC vs IPO: Performance Excel Differences Retail Investors and the Future For all the files and resources please go to: https://mergersandinquisitions.com/spac-vs-ipo/ Table of Contents: 0:00 introduction 3:09 Part 1: SPAC Recap and State of the Market 9:03 Part 2: SPAC vs. IPO: Performance 12:42 Part 3: SPAC vs. IPO in Excel 16:56 Part 4: SPACs for the (Retail) Investor 21:18 Part 5: What Happens Next in SPAC Land 23:20 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=65hM3ElaPIA) 2022-07-20T17:10Z 160K followers, [----] engagements
"Financial Modeling Best Practices: How to Give Your Excel Files a Makeover Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the best practices in financial modeling and how to fix broken and inefficient Excel files in this free tutorial. Files & Resources: https://breakingintowallstreet.com/kb/finance/financial-modeling-best-practices/ Table of Contents: 0:00 Introduction 5:54 Part 1: The Three Commandments 10:41 Part 2: How to Give Your Excel Files a Makeover 12:30 Consolidation and Assumption"
[YouTube Link](https://youtube.com/watch?v=7pbm3uuiz14) 2025-06-18T18:45Z 175K followers, [----] engagements
"Accounts Receivable on the [--] Financial Statements What is Accounts Receivable ("AR") Why This Question Matters What happens when AR goes up What happens when it goes down By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Here's an outline of what we cover in this free tutorial: [--]. Why This Question Matters This one is both a "real world" scenario AND a very common question in interviews. [--]. What is Accounts Receivable ("AR") Line item on Balance Sheet for cash that you still need to collect from customers. Recorded it as"
[YouTube Link](https://youtube.com/watch?v=AMuvLsqMFyg) 2013-11-03T15:23Z 157K followers, 44K engagements
"Earnout Modeling in M&A Deals and Merger Models In this tutorial youll learn how and why earn-outs are used in M&A deals how they appear on the [--] financial statements and how they impact the transaction assumptions and combined financial statements in a merger model. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:28 What Earn-Outs Are and Why You Use Them 7:46 How Earn-Outs Show Up on the [--] Statements 12:21 How Earn-Outs Impact Purchase Price Allocation and Sources & Uses 16:02 How Earn-Outs Affect"
[YouTube Link](https://youtube.com/watch?v=Bj4Frxe28Z4) 2015-05-12T17:02Z 161K followers, 43.2K engagements
"Cash-on-Cash Returns in Real Estate Leveraged Buyouts and More Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt54 In this tutorial you'll learn how to calculate the cash-on-cash return in real estate on both a leveraged and unleveraged basis and how it differs in fields such as infrastructure and private equity. Files & Resources: https://breakingintowallstreet.com/kb/real-estate-modeling/cash-on-cash-returns/ Table of Contents: 0:00 Introduction 1:08 The Short Version 3:57 Part 1: Unleveraged vs. Leveraged Returns 9:20 Part 2:"
[YouTube Link](https://youtube.com/watch?v=E4BSsUKYOgA) 2025-03-12T16:53Z 161K followers, [---] engagements
"Enterprise Value vs. Purchase Price: The True Price in an M&A Deal For all the files and resources please visit: https://breakingintowallstreet.com/kb/ma-and-merger-models/enterprise-value-vs-purchase-price/ Table of Contents: 0:00 Introduction 3:56 Why Purchase Enterprise Value is the "True Purchase Price" 7:01 Adjustments to Purchase Enterprise Value 8:40 The Seller's Proceeds 9:24 The Price in M&A Models 12:16 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=Gal2VDH4r4Q) 2023-10-25T19:30Z 164K followers, 10.6K engagements
"Cash-Free Debt-Free Deals in M&A and LBOs (Version 2.0) For the files & resources please go to: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/cash-free-debt-free-basis/ Table of Contents: 0:00 Introduction 5:53 Part 1: Simple Public vs. Private LBO 10:22 Part 2: 3-Statement LBO Example 18:21 Part 3: M&A Example 19:53 Part 4: Equivalence of CF/DF Deals 23:46 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=IMv3Oao4tBw) 2022-11-23T18:36Z 158K followers, 15.6K engagements
"The Cash Flow Statement: King of the Financial Statements in Valuations Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the Cash Flow Statement in this tutorial with a focus on how it is used and projected in financial models and how to use it when answering accounting interview questions. Files & Resources: https://breakingintowallstreet.com/kb/accounting/cash-flow-statement/ Table of Contents: 0:00 Introduction 0:38 The Short Version 5:36 Part 1: U.S. GAAP vs. IFRS Differences and Requirements"
[YouTube Link](https://youtube.com/watch?v=JjEOFzGapxs) 2024-09-04T18:30Z 175K followers, [----] engagements
"The FILTER Function in Excel: Data Financial Models and the Multiverse Learn more: https://breakingintowallstreet.com/excel-vba/utm_medium=yt&utm_source=yt&utm_campaign=yt37 You'll learn how to use the FILTER function in Excel in this tutorial for both data analysis and financial modeling. Files & Resources: https://breakingintowallstreet.com/kb/excel/excel-filter-function/ Table of Contents: 0:00 Introduction 4:24 Part 1: FILTER with Multiple Criteria 7:28 Part 2: FILTER for PE Fund Modeling 12:31 Part 3: FILTER with the XIRR and IRR Functions 15:31 Part 4: How to Make This More Dynamic"
[YouTube Link](https://youtube.com/watch?v=K77iBA8sTCE) 2025-09-10T16:45Z 175K followers, [----] engagements
"Project Finance vs. Corporate Finance: Deals Modeling and Math Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt44 This tutorial will explain the differences between Project Finance and Corporate Finance focusing on technical analysis deals and financial models. Files & Resources: https://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"
[YouTube Link](https://youtube.com/watch?v=KrX2cv450aE) 2024-05-29T17:15Z 175K followers, 18.9K engagements
"Funds from Operations (FFO): REIT Analysis [---] In this tutorial you'll learn all about "Funds from Operations" (FFO) for real estate investment trusts (REITs) a key metric used for financial statement analysis and valuation. Files & Resources: https://breakingintowallstreet.com/kb/reit-modeling/funds-from-operations-ffo/ Table of Contents: 0:00 Introduction 4:20 Part 1: Why We Use FFO for REITs 6:42 Part 2: Using FFO to Value REITs in Real Life 8:19 Part 3: IFRS vs. U.S. GAAP Differences 9:52 Part 4: FFO vs. FCF vs. NOI 11:48 Part 5: AFFO and Other Variations of FFO 13:20 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=Lqkibqy3GTE) 2024-05-01T15:30Z 175K followers, [----] engagements
"Projecting the [--] Financial Statements: The Balance Sheet In this tutorial you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable Prepaid Expenses and Deferred Revenue should be linked to. Youll also see an example of how to check your work how to tell when youve linked something incorrectly and what to do with more random line items. Table of Contents: 2:23: The Rough Answer to Projecting Balance Sheet Line Items 5:43: Rules of Thumb for Specific Line Items 9:36: Example for Atlassian Checking Your Work 14:38: How to Handle Random"
[YouTube Link](https://youtube.com/watch?v=MZ65m1GxS_Q) 2015-05-26T16:32Z 166K followers, 145.3K engagements
"The Balance Sheet: Back to the Future of Corporate Finance Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the Balance Sheet in this tutorial with a focus on how it is used and projected in financial models and how to use it when answering accounting interview questions. Files & Resources: https://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"
[YouTube Link](https://youtube.com/watch?v=NeH6bpD5nZQ) 2024-06-12T16:30Z 175K followers, [----] engagements
"Liquidity Ratios: Bankers Living in a Credit Analysts Paradise Files & Resources for This Video: https://breakingintowallstreet.com/kb/financial-statement-analysis/liquidity-ratios/ Table of Contents: 0:00 Introduction 1:39 Part 1: The Top [--] OG Liquidity Ratios 4:00 Part 2: Unofficial Liquidity Ratios 8:25 Part 3: Liquidity Ratios in Real Life for Illinois Tool Works 10:44 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=Nq7XQiJ7FoM) 2023-11-27T17:41Z 169K followers, [----] engagements
"Investment Banking Interviews: How to Tell Your "Story" in [--] Simple Steps How to Tell Your "Story" in Investment Banking Interviews in [--] Simple Steps. http://www.mergersandinquisitions.com/how-to-tell-your-story-investment-banking-interviews/ (Get the full article and transcript here) In past tutorials we've talked a lot about your "story" in interviews how important it is and the mistakes you could make that will cost you an offer. But now I'm going to go beyond that and actually give you a blueprint that will let you tell your "story" effectively and win offers no matter what level you're"
[YouTube Link](https://youtube.com/watch?v=O-wmr4-YqCw) 2012-05-20T23:22Z 162K followers, 118.6K engagements
"Venture Debt: A Bridge to Survival for Startups or a Bridge to Nowhere for Lenders Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 This tutorial will give you a crash course on venture debt for VC-backed startups including the key terms the returns calculations and the risks. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/venture-debt/ Table of Contents: 0:00 Introduction 1:20 Part 1: Venture Debt: The Short Version 3:35 Part 2: How Lenders Earn Returns with Venture Debt 5:35 Part 3: Venture Debt"
[YouTube Link](https://youtube.com/watch?v=QSvKuOnxXYM) 2024-04-17T15:00Z 175K followers, [----] engagements
"EBITDA: Corporate Finance Lessons from Tony Soprano In this tutorial you'll learn what EBITDA means how to calculate it and why criticism of EBITDA is both deserved and also a bit misplaced. Files & Resources: https://breakingintowallstreet.com/kb/accounting/ebitda/ Table of Contents: 0:00 Introduction 4:56 Part 1: How to Calculate EBITDA in More Detail 7:06 Part 2: What Does EBITDA Mean 8:41 Part 3: Is EBITDA Close to Cash Flow from Operations 10:16 Part 4: The Pros and Cons of EBITDA 11:11 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=QqoJFc_vlXE) 2024-02-21T18:30Z 175K followers, [----] engagements
"Startup Valuation - How Are Startups Worth Billions Youll learn about Startup Valuation in this lesson and see how a traditional methodology such as the Discounted Cash Flow (DCF) analysis applies to early-stage tech startups with no revenue. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 2:59 A DCF Analysis for Piped Piper 9:01 Whats Required for a Startup DCF/Valuation to Work 12:35 Recap and Summary How Are Startups Worth Billions of Dollars I dont understand how tech startups can be worth billions of"
[YouTube Link](https://youtube.com/watch?v=UWu5Q9_9hMY) 2016-06-14T17:08Z 164K followers, 89.8K engagements
"Subscription Revenue Model (Netflix) Youll learn how to project subscription revenue for a Software as a Service (SaaS) or other subscription-based company in this tutorial which is based on a case study of Netflix. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:16 Part 1: Key Drivers of a Subscription Revenue Business 5:09 Part 2: Where to Find the Required Information 10:08 Part 3: How to Put It Together in Excel + Add Scenarios 15:32 Recap and Summary Part 1: Key Drivers of a Subscription Revenue"
[YouTube Link](https://youtube.com/watch?v=_MtzsX3F_qE) 2016-05-24T14:33Z 162K followers, 58.9K engagements
"Stock-Based Compensation in a DCF In this tutorial youll learn the proper treatment for Stock-Based Compensation in a DCF when projecting a companys Unlevered Free Cash Flow and youll see why it should be treated as an actual cash expense not a non-cash add-back. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:52 Why Its Hard to Define Unlevered FCF in Practice 5:28 Why Stock-Based Compensation Should Be Treated Differently from Depreciation & Amortization 11:49 What Stock-Based Compensation Costs"
[YouTube Link](https://youtube.com/watch?v=djtA-tWcmtE) 2015-02-03T09:00Z 166K followers, 24.2K engagements
"Growth Equity Case Study: Real-Life Example and Tutorial Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt20 In this tutorial you'll learn about growth equity case studies get a real-life example and learn the key differences vs. private equity and venture capital case studies. Files & Resources: https://mergersandinquisitions.com/growth-equity-case-study/ Table of Contents: 0:00 Introduction 1:16 Part 1: What to Expect in a Growth Equity Case Study 3:51 Part 2: Historical Trends and Revenue 6:16 Part 3: Financial Statement"
[YouTube Link](https://youtube.com/watch?v=egAi5b0krHc) 2024-01-24T16:40Z 169K followers, 13.2K engagements
"Tariff Apocalypse: Trade Wars and Tariffs in Financial Models and Valuation Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 In this tutorial you'll learn how tariffs might show up in financial models including their impact on Net Income EPS and FCF and how they could affect M&A deals. Files & Resources: https://breakingintowallstreet.com/kb/ma-and-merger-models/tariff-model/ Table of Contents: 0:00 Introduction 1:30 The Short Answer 4:51 Part 1: How to Add Tariff Support to Models 9:35 Part 2: Three Common Scenarios for"
[YouTube Link](https://youtube.com/watch?v=gVCVczDJ80Q) 2025-04-09T17:29Z 175K followers, [----] engagements
"The Interest Tax Shield in Valuations Leveraged Buyouts and More Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial you'll learn about the "Interest Tax Shield" and how it affects certain aspects of valuation and LBO models in both simple and more complex ways. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/interest-tax-shield/ Table of Contents: 0:00 Introduction 0:33 3-Minute Answer 4:17 Part 1: The Interest Tax Shield in Valuations 5:56 Part 2: Limits on the"
[YouTube Link](https://youtube.com/watch?v=h6ORuc-0k0U) 2025-04-23T15:30Z 175K followers, [----] engagements
"DCF - Terminal Value - Gordon Growth Method Intuition We review the *intuition* behind the Gordon Growth Formula used to calculate Terminal Value in a Discounted Cash Flow (DCF) analysis. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Lots of people textbooks training programs professors and so on present this formula but hardly anyone takes the time to explain what it means where it comes from and how it works. We'll explain here both the INTUITION behind the formula and then also give a mathematical derivation for it"
[YouTube Link](https://youtube.com/watch?v=hCGn1ejYs1I) 2014-01-09T09:25Z 170K followers, 80.9K engagements
"Excel Tutorial - How to Color Code Financial Models Learn more: https://breakingintowallstreet.com/excel-vba/utm_medium=yt&utm_source=yt&utm_campaign=yt37 This will cover how to color code your financial models so that hard-coded numbers and constants are in blue formulas and text are in black. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You will also learn how to make the links to other worksheets show up in green. In addition to a simple method using the F5 shortcut key to jump to different cell types you'll also"
[YouTube Link](https://youtube.com/watch?v=iMrcqnGUubg) 2013-11-11T16:09Z 164K followers, 85.1K engagements
"Cryptocurrency Accounting: Why Net Income and P / E Have Become Even More Useless For all the Excel files and PDFs and a text version of this tutorial please see: https://www.mergersandinquisitions.com/cryptocurrency-accounting/ Table of Contents: 0:00 Introduction 2:17 Part 1: The Basics on the Statements (MSTR and TSLA) 5:14 Part 1a: Excel Demonstration in a 3-Statement Model 13:22 Part 2: How a Bank (Galaxy Digital) Does It 16:17 Part 3: The Broader Issue(s) with Net Income 17:42 Part 4: Impact on Valuation Multiples and Methodologies 19:05 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=lfutDerHcsY) 2021-05-12T11:49Z 161K followers, [----] engagements
"How to Calculate Goodwill in M&A Deals and Merger Models Tutorial In this tutorial youll learn why Goodwill exists and how to calculate Goodwill in M&A deals and merger models both simple and more complex/realistic scenarios. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-14-How-to-Calculate-Goodwill-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-14-How-to-Calculate-Goodwill.xlsx Table of Contents: 1:21 Goodwill Why It"
[YouTube Link](https://youtube.com/watch?v=m5p0D3kV72g) 2019-01-24T20:26Z 166K followers, 32.8K engagements
"Equity Method of Accounting: Minority Stakes on the Financial Statements In this tutorial youll learn about the Equity Method of Accounting for recording minority stakes in other companies and youll see how Net Income Dividends and changing ownership stakes flow through the financial statements. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-23-Equity-Method-of-Accounting.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-23-Equity-Method-of-Accounting-Slides.pdf Table of Contents: 0:00 Introduction 1:01 Basics of Equity Method Accounting 3:55"
[YouTube Link](https://youtube.com/watch?v=onzWCzWs_Vw) 2020-07-28T16:44Z 160K followers, 12.5K engagements
"How to Learn Financial Modeling: The Cyberpunk the Witcher and the Wardrobe Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt64 To learn financial modeling pick simple boring companies with easy-to-predict revenue and expenses watch someone else complete the process and then try examples on your own starting with partial templates and moving to open-ended examples without full instructions. Files & Resources: https://breakingintowallstreet.com/kb/finance/how-to-learn-financial-modeling/ Table of Contents: 0:00 Introduction"
[YouTube Link](https://youtube.com/watch?v=t0Qt1n0-Nqc) 2025-01-10T17:55Z 175K followers, [----] engagements
"Share Price Dynamics in M&A Deals In this tutorial youll learn how the buyers and sellers share prices change when M&A deals are announced and when they close. Youll also learn a simple rule of thumb you can use to predict how a buyers share price might change. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:48 How the Sellers Share Price Changes 3:55 How the Buyers Share Price Changes 10:16 Facebook / WhatsApp Example 12:01 Recap and Summary Lesson Outline: Question: Can you please explain to me quick"
[YouTube Link](https://youtube.com/watch?v=vq9bZ6JZXvE) 2015-11-24T16:06Z 158K followers, 12.6K engagements
"LBO Exit Strategies: M&A IPOs and Dividends / Recapitalizations This LBO exit strategy training will cover different ways a private equity firm can exit a leveraged buyout. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" . including an M&A deal a sale to a normal company or to another private equity firm as well as an initial public offering (IPO) and a recapitalization / perpetual dividend non-exit. 2:09 Exits in Real Life: M&A IPO and Dividends/Recaps 6:27 Standard M&A Exit in an LBO 7:21 IPO Exit in an LBO 12:44"
[YouTube Link](https://youtube.com/watch?v=wFVYwTyKD08) 2023-10-22T17:30Z [--] followers, 49.9K engagements
"The Real Estate Pro-Forma: Calculations Examples and Scenarios Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt42 In this lesson youll learn what the real estate pro-forma is why its important what the key line items and calculations are and how to make it more complex with scenarios based on examples for office and multifamily properties. https://www.mergersandinquisitions.com/real-estate-pro-forma/ https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Resources:"
[YouTube Link](https://youtube.com/watch?v=0__bAt2FdzI) 2019-02-26T22:07Z 174K followers, 42.5K engagements
"How to Pitch a Bank Stock (Shawbrook) In this tutorial youll learn how to think about a bank stock pitch for a financial institutions group (FIG) including the valuation operational scenarios catalysts risk factors and the story behind the company and industry. Youll also get a full 32-page example of a hedge fund/asset management stock pitch for a commercial bank (Shawbrook in the U.K.). Please see this link for all the files the textual explanation and more: http://www.mergersandinquisitions.com/bank-stock-pitch/ Table of Contents: 2:42 Part 1: The Story of the Company and the Industry 7:46"
[YouTube Link](https://youtube.com/watch?v=10xGP5feK2s) 2016-09-14T12:58Z 172K followers, 14.5K engagements
"The Cost of Equity in Valuations for Public Companies Startups and More Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This free tutorial covers the Cost of Equity and explains several methods to calculate it which have different trade-offs and let you establish a reasonable range of values in real-life models. Files & Resources: https://breakingintowallstreet.com/kb/valuation/cost-of-equity/ Table of Contents: 0:00 Introduction 6:20 Part 1: Real-Life Examples (WES and STLD) 9:55 Part 2: Cost of Equity Based on"
[YouTube Link](https://youtube.com/watch?v=14DENa12PMk) 2025-10-22T16:00Z 175K followers, [----] engagements
"Accounts Payable vs. Accrued Expenses - Interview Question Accounts Payable vs. Accrued Expenses on the [--] Financial Statements: Why Does It Matter By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" It's a common interview question You may be asked about the differences between them how changes are reflected on the [--] financial statements and so on. And most Google search results on this topic are AWFUL and do not answer the actual question at all or do so in a confusing way that misses the point (trust me I looked). THE"
[YouTube Link](https://youtube.com/watch?v=2i_pCJziO0I) 2014-02-11T06:53Z 172K followers, 94.8K engagements
"Why You Never Project Enterprise Value In this lesson youll learn why you NEVER project Enterprise Value for future periods. more. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Continued. (e.g. if its the middle of the year right now projecting Enterprise Value at the end of the year or the end of next year) when youre valuing companies. Table of Contents: 1:57 The Basic Reason Why This Makes No Sense 3:10 What Would It Take to Project Enterprise Value Time Travel 6:31 Exceptions and Special Cases Question That Came In"
[YouTube Link](https://youtube.com/watch?v=5D1Ebl01itk) 2014-08-19T12:20Z 172K followers, 13.5K engagements
"Expense Synergies in Merger Models In this expense synergies lesson you'll learn why expense synergies matter what they consist of how they impact M&A deals. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn and accretion / dilution and [--] common mistakes that people make when incorporating synergies into models. Table of Contents: 3:45 Example of Expense Synergies (Office Consolidation) 7:57 Oversight #1: More Granular Estimates / Checks 11:37 Oversight #2: It Takes Time to Realize Synergies 14:39"
[YouTube Link](https://youtube.com/watch?v=5QfK7n-J8Uk) 2014-10-07T17:19Z 173K followers, 29.8K engagements
"Convertible Notes for Startups: A Safer Alternative Than the SAFE Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 This tutorial will explain Convertible Notes for startup financing including the mechanics dilution and a full comparison to SAFE Notes. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/convertible-notes/ Table of Contents: 0:00 Introduction 5:19 Part 1: Convertible Notes in a Seed Round 6:01 Part 2: Conversions in the Series A with an Options Pool 10:47 Dollars Invested Method 11:41 Part"
[YouTube Link](https://youtube.com/watch?v=6eiGTEYXGEg) 2024-05-16T16:30Z 175K followers, [----] engagements
"The Twitter Buyout: Is Elon Musk a Madman or a Genius In this tutorial youll get an overview of Elon Musks $44 billion buyout of Twitter and learn the various problems with the deal that make the numbers unlikely to work (although a positive outcome certainly is possible). For the Excel files and other documents please go to: https://mergersandinquisitions.com/twitter-buyout/ Table of Contents: 0:00 Introduction 2:13 The Short Answer 8:12 Part 1: Information Sources and Model Approach 10:31 Part 2: Purchase Assumptions and Leverage 14:46 Part 3: Operating Cases/Scenarios 17:36 Part 4: Cash"
[YouTube Link](https://youtube.com/watch?v=77H_ZAeBdWo) 2022-05-04T18:00Z 173K followers, 19.1K engagements
"Football Field Valuation Chart with Dynamic Share Price Line Tutorial Video In this tutorial youll learn how to create a flexible football field valuation template in Excel including a line for the companys current share price that updates automatically when the share price changes which is missing from most templates youll find. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-Football-Field-Valuation-v2.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-Football-Field-Valuation-v2.xlsx Table of Contents: 1:01 Football Field Valuation"
[YouTube Link](https://youtube.com/watch?v=98WP8iQubxo) 2019-06-25T21:13Z 172K followers, 38.4K engagements
"Bank Growth Equity and Buyout Deals: Key Differences In this tutorial youll learn about the key differences between private equity investing in financial services and traditional companies and you'll see how a bank buyout or growth equity deal might work using a simplified example for MidFirst Bank. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:12 Key Differences Between Traditional LBOs and Bank Buyouts 7:09 Overview of Simplified Bank Buyout Model 12:29 IRR Multiples and Returns Attribution 15:28"
[YouTube Link](https://youtube.com/watch?v=9JAmC0DGLwM) 2017-08-08T16:03Z 173K followers, 11.5K engagements
"Negative Rates and Negative Yields and the Next Financial Crisis (featuring: Thanos) In this tutorial youll learn what the trillions of dollars of negative-yielding bonds means why its a sign that central banks have manipulated the financial markets and why it just might result in the next financial crisis. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Negative-Rates-Negative-Yields-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Negative-Rates-Negative-Yields.xlsx Table of Contents: 1:39 The Short Answer Central Banks Gone Wild 3:25 Why Buy a"
[YouTube Link](https://youtube.com/watch?v=CWxyEUN6eYw) 2019-08-27T22:27Z 172K followers, 12K engagements
"Uber Valuation: Is It Overvalued Video Tutorial In this tutorial youll get our crash course on Ubers valuation and youll learn how to build a Discounted Cash Flow (DCF) analysis that uses its 20-year performance to determine what the company is worth just after its IPO. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-23-Uber-Valuation.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-23-Uber-Valuation-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-23-Uber-S1-Highlights-Only.pdf Table of Contents: 2:31 Part 1: How to"
[YouTube Link](https://youtube.com/watch?v=Cl-Mu-hCKh4) 2019-05-17T19:00Z 174K followers, 27.3K engagements
"Negative Goodwill and Bargain Purchases in Merger Models In this tutorial youll learn about bargain purchases the concept of negative Goodwill and what happens on the financial statements in a merger model when a buyer acquires a seller for an Equity Purchase Price less than the sellers Common Shareholders Equity. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 4:20 Part 1: Why Bargain Purchases Take Place 9:17 Part 2: Why the Accounting is Confusing and a Simpler Method 12:30 Part 3: Real-Life Example"
[YouTube Link](https://youtube.com/watch?v=ENXKhSpnqQk) 2018-03-22T17:23Z 171K followers, 11.7K engagements
"Exchange Ratios in M&A Deals: Fixed Floating and Collars In this tutorial youll learn how Exchange Ratios work in 100% Stock M&A deals including the differences between Fixed and Floating Exchange Ratios and how structures called Collars change the mechanics. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-15-Exchange-Ratio-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-15-Exchange-Ratios.xlsx Table of Contents: 0:00 Introduction 1:21 Exchange Ratios [---] 2:31 Exchange Ratio Formula 5:12 Exchange Ratio Problems 6:51 Floating Exchange Ratio"
[YouTube Link](https://youtube.com/watch?v=GgefOLddPrI) 2020-12-21T17:43Z 173K followers, 11.9K engagements
"Existing Debt in Leveraged Buyouts: Why It Doesn't Matter In this tutorial youll learn why a companys existing Debt and capital structure dont make (much of) a difference in leveraged buyouts and LBO models despite guides that claim the contrary. Youll also learn about a few exceptions where these items do make a small difference. Table of Contents: 6:33 Exception #1: Call Premiums 10:00 Exception #2: Lender Familiarity 11:50 Recap and Summary Lesson Outline: For the most part a companys existing capital structure does NOT matter in leveraged buyout scenarios. Thats because in an LBO the PE"
[YouTube Link](https://youtube.com/watch?v=Ho3dfCmgfjk) 2016-12-15T16:27Z 173K followers, 23.9K engagements
"SaaS Accounting (Revised): Bookings Billings Revenue Deferred Revenue and More In this tutorial youll learn how SaaS accounting works and how line items on the financial statements change as a SaaS company bills customers delivers services and recognizes revenue. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/saas-accounting/ Table of Contents: 0:00 Introduction 1:26 Part 1: Bookings vs. Billings vs. Revenue 2:22 Part 2: Simple Excel Schedule 5:11 Part 3: Accounts Receivable and Deferred Revenue 9:05 Part 4: 3-Statement Model Example 11:30 Recap and Summary"
[YouTube Link](https://youtube.com/watch?v=J9n2ozs5G3c) 2023-09-27T20:00Z 173K followers, 11.2K engagements
"IPO Valuation Model Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial youll learn what an IPO valuation really means how to model an initial public offering (IPO) transaction and what an IPO model tells you about the company and its possible valuation multiples before and after going public. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 0:00 Introduction 4:17 The Rationale and Assumptions Behind an IPO 7:47 Pricing"
[YouTube Link](https://youtube.com/watch?v=JJWjclm1md0) 2015-03-17T03:28Z 175K followers, 126.3K engagements
"Convertible Preferred Stock in Leveraged Buyouts: The Best of Both Worlds Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 You'll learn all about Convertible Preferred Stock in leveraged buyouts and LBO models in this tutorial including tricks for avoiding circular references. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/convertible-preferred-stock/ Table of Contents: 0:00 Introduction 1:16 Table of Contents 1:29 Part 1: The 3-Minute Summary 4:00 Part 2: Assumptions & Model Flow"
[YouTube Link](https://youtube.com/watch?v=JhyEkOuzK_o) 2024-11-27T15:54Z 175K followers, [----] engagements
"Commercial Bank Revenue Model: Loan Projections In this tutorial Commercial Bank Revenue Model: Loan Projections youll learn about the key revenue drivers for a commercial bank with a focus on how to project its loan portfolio based on GDP growth market share and addressable loan market sizes. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:46: Overview of Revenue for a Bank 6:47: The Step-by-Step Process to Project Loan Growth 15:06: Calculating and Checking the Loan Size in Each Segment 19:39: Recap"
[YouTube Link](https://youtube.com/watch?v=KTKcoZz_pns) 2016-04-05T06:34Z 172K followers, 42.7K engagements
"Net Operating Losses in a DCF Analysis In this tutorial youll learn how to factor in Net Operating Losses (NOLs) in a DCF analysis including why its almost always a bad idea to build a separate schedule for NOLs. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 2:29 How to Build an NOL Schedule into a DCF 9:02 Why an NOL Schedule is Probably a Bad Idea 12:42 Recap and Summary How do you factor in Net Operating Losses when building a DCF analysis Do you have to create a separate schedule that shows the book"
[YouTube Link](https://youtube.com/watch?v=L9bfozDwmtc) 2016-09-29T18:58Z 173K followers, 23.6K engagements
"The Cost of Debt in Valuations Credit and Real Life Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This free tutorial covers the Cost of Debt and explains several different ways to calculate it - plus some problems that often come up when working with the filings and disclosures of real companies. Files & Resources: https://breakingintowallstreet.com/kb/valuation/cost-of-debt/ Table of Contents: 0:00 Introduction 5:37 Part 1: Cost of Debt Interpretations 7:45 Part 2: Multiple Debt Issuances in Real Life 9:53 Part 3: No"
[YouTube Link](https://youtube.com/watch?v=LLm9YzxKlPE) 2025-05-07T15:30Z 175K followers, [----] engagements
"Debt vs. Equity Analysis: How to Advise Companies on Financing Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt38 In this tutorial you'll learn how to analyze Debt vs. Equity financing options for a company evaluate the credit stats and ratios in different operational cases and make a recommendation based on both qualitative and quantitative factors. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 0:50 The Short Simple Answer 3:54 The"
[YouTube Link](https://youtube.com/watch?v=MrupJdMrpaE) 2017-02-14T21:41Z 175K followers, 108.6K engagements
"The SaaS Rule of 40: Valuation Indicator or Online Echo Chamber Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 This tutorial will explain the "Rule of 40" for SaaS companies including its valuation and operational implications and its limitations. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/rule-of-40/ Table of Contents: 0:00 Introduction 1:14 The Rule of [--] in a Nutshell 3:58 Part 1: How to Calculate the Rule of [--] 7:27 Part 2: Valuation Implications 9:09 Part 3: The Rule of [--] as an"
[YouTube Link](https://youtube.com/watch?v=Nty5Uwt6uuQ) 2024-06-26T15:55Z 175K followers, [----] engagements
"3-Statement Model: 90-Minute Case Study from a Blank Excel Sheet Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt11 For all the files and resources go to: https://mergersandinquisitions.com/3-statement-model/ Table of Contents: 0:00 Introduction 2:35 What is a 3-Statement Modeling Test 5:54 Part 1: Inputting the Historical Financial Statements 15:31 Balance Sheet Entry 24:14 Cash Flow Statement Entry 35:11 Part 2: Income Statement Projections 50:12 Part 3: Balance Sheet Projections 57:51 Part 4: Cash Flow Statement Projections"
[YouTube Link](https://youtube.com/watch?v=O2uPNfErmJo) 2022-10-26T17:00Z 173K followers, 267.5K engagements
"The Venture Capital Case Study: What to Expect and How to Survive Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt22 For all the files and resources and a written version of this tutorial please go to: https://mergersandinquisitions.com/venture-capital-case-study/ Table of Contents: 0:00 Introduction 1:58 Part 1: What to Expect in VC Case Studies 3:10 Part 2: What Do VCs Want in Early-Stage Investments 4:51 Part 3: The Numbers for PitchBookGPT 8:16 Part 4: The Market Product and Team 11:45 Part 5: Recommendation and"
[YouTube Link](https://youtube.com/watch?v=O_E9zD4O8zs) 2023-07-12T16:56Z 173K followers, 21.8K engagements
"Book Value vs Market Value vs Face Value of Bonds Explained Tutorial Youll learn about the book value vs market value vs face value of bonds in this tutorial and youll understand how to calculate and project them in financial models. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Book-Value-vs-Face-Value-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Book-Value-vs-Face-Value.xlsx Table of Contents: 3:06 Excel Examples 11:04"
[YouTube Link](https://youtube.com/watch?v=QVn7IK5WeFc) 2019-03-26T18:15Z 172K followers, 21.1K engagements
"Unlevered Free Cash Flow: What Goes in It and Why It Matters Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt53 In this revised tutorial youll learn why Unlevered Free Cash Flow is important the items you should include and exclude and how to calculate it for real companies in different industries. Youll also get answers to the most common questions we receive about this topic at the end. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of"
[YouTube Link](https://youtube.com/watch?v=UzJODw076BE) 2018-10-04T17:03Z 174K followers, 56.9K engagements
"Convertible Bond Crash Course: Accounting Valuation WACC and More You'll learn all about convertible bonds in this tutorial from accounting and valuation to the "Cost of Convertible Bond" calculation. For the written guide and Excel files please see the links below the Table of Contents: Table of Contents: 0:00 Introduction 2:20 Part 1: Typical Terms and Conversion Options 5:23 Part 2: Which Companies Issue Convertible Bonds 9:25 Part 3: Convertible Bonds on the Financial Statements 16:00 Part 4: Convertible Bond Valuation & Black-Scholes 20:01 Part 5: Payoff Diagrams and Payback Periods"
[YouTube Link](https://youtube.com/watch?v=WfCeqSOjTz4) 2022-08-17T18:36Z 173K followers, 17K engagements
"How to Tell Your Story in Investment Banking Interviews Learn more here: https://breakingintowallstreet.com/investment-banking-interview-guide/utm_medium=yt&utm_source=yt&utm_campaign=yt57 How to Tell Your Story in Investment Banking Interviews - Updated for [----]. A lot of our advice from past years is still applicable but a few things have changed over time. Table of Contents: 1:08 Part 1: Whats Different About Your Story Now 1:47 Part 2: What is Your Story 2:45 Part 3: How to Tell Your Story in [--] Simple Steps 10:20 Part 4: Mistakes to Avoid in Your Story 12:02 Recap and Summary To get the"
[YouTube Link](https://youtube.com/watch?v=Yh2wBPhKAh4) 2017-06-07T13:02Z 172K followers, 95K engagements
"The Income Statement: The Launchpad for All Accounting Interview Questions Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the Income Statement in this tutorial with a focus on how it is used and projected in financial models and how to use it when answering accounting interview questions. Files & Resources: https://breakingintowallstreet.com/kb/accounting/income-statement/ Table of Contents: 0:00 Introduction 0:39 The Short Version 5:43 Part 1: More Advanced Line Items 7:24 Part 2: Why Does Item"
[YouTube Link](https://youtube.com/watch?v=YlIHRIVduHs) 2024-07-24T16:15Z 175K followers, [----] engagements
"Lease Accounting: Operating Leases Finance Leases and the Confusing Changing Rules Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt30 For all the files and resources for this video please go to: https://www.mergersandinquisitions.com/lease-accounting/ Table of Contents: 0:00 Introduction 4:41 Part 1: Operating Leases vs. Finance Leases (Capital Leases) 6:04 Part 2: Finance Leases and Operating Leases Under IFRS 10:29 Part 3: The U.S. GAAP Treatment of Operating Leases 14:20 Part 4: Leases in Real Life in 3-Statement Models"
[YouTube Link](https://youtube.com/watch?v=ZM3oVUTuiko) 2021-06-09T18:37Z 172K followers, 53.1K engagements
"How to Pick the Terminal Multiple to Calculate Terminal Value in a DCF Youll learn how to select a Terminal Multiple for use in a DCF in this lesson. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" This training includes how you can check the long-term Free Cash Flow growth rate implied by the Terminal Multiple how to use data from the comparable public companies and how to draw conclusions about your analysis with these formulas. Table of Contents: 2:16 Why Most Sources Get This Explanation Wrong 6:33 How to Determine"
[YouTube Link](https://youtube.com/watch?v=Zxx2qmdYvoQ) 2014-12-23T06:13Z 174K followers, 62.5K engagements
"Free Cash Flow Conversion Analysis In this tutorial youll learn how to use Free Cash Flow (FCF) Conversion Analysis to determine how reliable a companys EBITDA is and how much EBITDA actually translates into cash flow from business operations; youll also see a few examples of how to use this analysis in valuation and leveraged buyout scenarios. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:33 Problems with EBITDA 4:12 FCF Conversion Calculation Example 8:07 How to Use and Interpret FCF Conversion"
[YouTube Link](https://youtube.com/watch?v=_AgrcjtVd8U) 2015-10-27T10:50Z 161K followers, 25.6K engagements
"Liquidation Preferences and Participating Preferred Stock: How VC Terms Affect Deals In this tutorial youll learn about common terms in venture capital investments such as liquidation preferences and participating preferred stock and youll get simple Excel examples that demonstrate how they affect the distribution of proceeds in M&A deals. Resources: https://youtube-breakingintowallstreet-com.s3.us-east-1.amazonaws.com/Startups-VC/Liquidation-Preferences-Participating-Preferred-Slides.pdf"
[YouTube Link](https://youtube.com/watch?v=aZm_KNYUWa0) 2022-06-08T17:29Z 173K followers, 16.7K engagements
"Return on Assets (ROA): Niche Metric or Key Value Driver Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt35 In this tutorial you'll learn about Return on Assets (ROA) for both normal companies and banks and understand what it implies about a firm's valuation. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/return-on-assets-roa/ Table of Contents: 0:00 Introduction 0:50 The Short Answer 3:05 Part 1: ROA Calculations for Target and Costco 6:32 Part 2: ROA for Banks (JPM Citi Wells and BofA)"
[YouTube Link](https://youtube.com/watch?v=c6Dsmwfysts) 2024-04-03T14:30Z 175K followers, [----] engagements
"XLOOKUP in Excel: How to Use It and Whether Or Not Its a Game-Changer In this tutorial youll learn how to use the XLOOKUP function in Excel [---] how it improves upon VLOOKUP HLOOKUP and INDEX/MATCH and whether or not XLOOKUP will start appearing in spreadsheets everywhere. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-XLOOKUP-Examples.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-XLOOKUP-Slides.pdf Table of Contents: 0:00 Introduction 1:10 Short Answer and Demonstration 3:15 How XLOOKUP Improves Upon VLOOKUP 5:31 XLOOKUP vs. VLOOKUP for"
[YouTube Link](https://youtube.com/watch?v=hRtSXgG7OvQ) 2020-09-15T15:14Z 172K followers, [----] engagements
"The Great SPAC Scam: Why SPACs Are Terrible for Most Investors In this tutorial youll learn why SPACs (Special Purpose Acquisition Companies) are a scam and how the process of going public via a SPAC differs from the process of a traditional IPO (initial public offering). Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-24-SPAC-Scam-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-24-SPAC-Model.xlsx Table of Contents 3:23 Part 1: The SPAC Process and Mechanics 9:04 Part 2: SPAC IPO Model (Step 1) 15:21 Part 3: SPAC Merger Model (Step 2)"
[YouTube Link](https://youtube.com/watch?v=jaQ_73c7qMY) 2021-03-01T14:09Z 174K followers, 41K engagements
"Equity Value vs. Enterprise Value and Valuation Multiples Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt23 Learn how Equity Value and Enterprise Value change when a company issues debt pays off debt issues equity and repurchases shares. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" The key point is that regardless of how a company is financed its Enterprise Value - and Enterprise Value-based multiples - do NOT change. Equity Value however may change"
[YouTube Link](https://youtube.com/watch?v=kYlqdoIJOqY) 2013-10-13T08:41Z 175K followers, 126.6K engagements
"Price to Book Value Ratio - Interpretation and Derivation In this Price to Book Value Ratio - Interpretation and Derivation lesson youll learn about the relationship between Price to Book Value (P/BV) Return on Equity (ROE) and Cost of Equity (Ke) for commercial banks including how you can derive a formula for P/BV that links these key variables plus Net Income Growth together. Youll also learn how you can use this information to determine if a bank might be overvalued or undervalued. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment"
[YouTube Link](https://youtube.com/watch?v=lr1241WpdYs) 2015-08-04T17:41Z 173K followers, 28.6K engagements
"Yield to Maturity Formula - Approximation Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt63 In this tutorial youll learn how to approximate the Yield to Maturity (YTM) of a bond including how you might modify it to cover Yield to Call and Yield to Put as well as real-life scenarios with debt investing. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:14 Part 1: The Yield to Maturity (YTM) and What It Means 5:27 Part 2: How to Quickly"
[YouTube Link](https://youtube.com/watch?v=mCbogjEWifM) 2016-07-05T17:16Z 174K followers, 53K engagements
"The Debt / Equity Ratio and Enterprise Value In this tutorial youll learn how the Debt / Equity Ratio or Debt / Total Capital Ratio of a company impacts its Enterprise Value and youll understand why capital structure *does* actually affect a companys value. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 2:51 How to Think About This Question 4:39 Excel Demonstration The Debt / Equity Ratio and Enterprise Value Question the Other Day: "As a companys Debt / Equity ratio changes how does its Enterprise"
[YouTube Link](https://youtube.com/watch?v=mSsGwhDVHRE) 2015-04-29T04:04Z 173K followers, 28.5K engagements
"The DSCR and LLCR: The North Stars of Project Finance Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 You'll learn about the Debt Service Coverage Ratio (DSCR) and Loan Life Coverage Ratio (LLCR) in Project Finance and Infrastructure Modeling in this tutorial including simple and more complex use cases and calculations. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/debt-service-coverage-ratio/ https://breakingintowallstreet.com/kb/project-finance/loan-life-coverage-ratio/ Table of Contents:"
[YouTube Link](https://youtube.com/watch?v=nf63bjARh4U) 2024-08-21T14:30Z 175K followers, [----] engagements
"The Cash Conversion Cycle (CCC): The King of the Cash Flow Statement Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt21 In this tutorial you'll learn about the Cash Conversion Cycle in financial statement analysis and understand when it's useful vs. not so useful and what it means for valuations. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/cash-conversion-cycle/ Table of Contents: 0:00 Introduction 3:49 Part 1: CCC Calculations for Target and Costco 6:50 Part 2: Valuation Impact 8:30"
[YouTube Link](https://youtube.com/watch?v=rNjMWAOJHwM) 2024-01-17T16:02Z 173K followers, [----] engagements
"What is Real Estate Financial Modeling (REFM) Step-By-Step-Tutorial Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt41 In this tutorial youll learn what real estate financial modeling is how we use it to make investment decisions and youll see examples of simple acquisition and development models and the step-by-step process that applies to both of them. https://www.mergersandinquisitions.com/real-estate-pro-forma/ https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment"
[YouTube Link](https://youtube.com/watch?v=sd8Vdy45_0g) 2019-04-11T22:10Z 173K followers, 50K engagements
"Dividend Discount Model - Commercial Bank Valuation (FIG) Learn more: https://breakingintowallstreet.com/bank-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt36 Why the Dividend Discount Model (DDM) is used to value commercial banks instead of the traditional Discounted Cash Flow (DCF) analysis. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" There are [--] main reasons why the DCF and the concept of Free Cash Flow (FCF) do not apply to commercial banks: [--]. You can't separate operating vs. investing vs. financing"
[YouTube Link](https://youtube.com/watch?v=sdV1KyPzCQs) 2013-12-31T07:04Z 173K followers, 109K engagements
"Leveraged Buyout - Debt Equity Ratio (REVISED) In this tutorial youll learn how to determine the proper debt level to use in a leveraged buyout case study given by a private equity firm all from using Google and free information you can find online. Table of Contents: 2:35 Step 1: Find Comparable Deals and Estimate the Purchase Multiple and Debt / EBITDA 9:45 Step 2: Test Your Assumptions in Excel 16:21 Step 3: Tweak Your Assumptions as Necessary 18:21 Recap and Summary Lesson Outline: Question that came in the other day Help I just got a case study from a private equity firm Im interviewing"
[YouTube Link](https://youtube.com/watch?v=swB1RUawwtY) 2016-02-16T16:29Z 173K followers, 17.1K engagements
"Working Capital and the Change in Working Capital in Valuation and Financial Modeling REVISED Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt18 Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-24-Change-in-Working-Capital-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-24-Working-Capital.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-24-Target-Financial-Statements.pdf"
[YouTube Link](https://youtube.com/watch?v=tMgty8jwmHI) 2020-10-22T19:55Z 174K followers, 103.5K engagements
"Accounts Payable vs. Accrued Expenses: Invoices Cash Flows and Interview Questions Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial explains the differences between Accounts Payable and Accrued Expenses including the mechanics on the financial statements. Files & Resources: https://breakingintowallstreet.com/kb/accounting/accounts-payable-vs-accrued-expenses/ Table of Contents: 0:00 Introduction 0:55 The Short Version 3:45 Part 1: Simple Accrued Expense Example 7:05 Part 2: Simple Accounts Payable Example"
[YouTube Link](https://youtube.com/watch?v=tNvrFWSFAhU) 2025-12-23T11:44Z 175K followers, [----] engagements
"Valuation Multiples: Quick Screening Tool or Bedrock of Company Valuation Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This video gives you a crash course on valuation multiples from the rationale and intuition to the most common calculations and multiples to the theory behind them and the limits of multiples. Files & Resources: https://breakingintowallstreet.com/kb/valuation/valuation-multiples/ Table of Contents: 0:00 Introduction 0:44 The Short Version 4:42 Part 1: Example Valuation Multiples 7:20 Part 2: Example"
[YouTube Link](https://youtube.com/watch?v=tUC_Z3azMXc) 2024-10-09T15:45Z 175K followers, [----] engagements
"LBO - Returns Attribution Analysis In this tutorial youll learn about what drives the IRR or money-on-money multiple in a leveraged buyout. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Youll also see how EBITDA growth multiple expansion and debt pay-down and cash generation all play a role and what drivers make a deal look favorable or less favorable. Table of Contents: 0:48 How Do PE Firms Make Money 5:13 Returns Attribution Analysis Formulas 7:43 Setting Up a Simple LBO Model 13:10 IRR and MoM Multiples 14:31"
[YouTube Link](https://youtube.com/watch?v=tce3NHyXbBg) 2014-12-02T11:42Z 172K followers, 48.7K engagements
"Enterprise Value: Why You Add and Subtract Certain Items (Version 2.0) In this revised and updated lesson youll learn about how to decide which items go into the Enterprise Value calculation and which items you can safely ignore. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-20-Enterprise-Value-Why-Add-Subtract-Items-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-20-Steel-Dynamics-Vivendi-TEV-Calculations.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-20-STLD-10-K.pdf"
[YouTube Link](https://youtube.com/watch?v=ucfHVJW3nyM) 2021-08-18T17:46Z 173K followers, 29.6K engagements
"The Times Interest Earned (TIE) Ratio: Real-World Risk or Spreadsheet Swindle Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial explains the Times Interest Earned (TIE) Ratio including nuances in the definitions and how to interpret the number in credit analysis. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/times-interest-earned-tie/ Table of Contents: 0:00 Introduction 5:34 Part 1: TIE Definitions in a Simple LBO Model 10:51 Part 2: What Does TIE Tell You 13:07 Part"
[YouTube Link](https://youtube.com/watch?v=w7zuz9DG0OU) 2025-08-13T16:37Z 175K followers, [----] engagements
"Snap Valuation: Is Snap Overvalued In this tutorial youll learn how to analyze and value a speculative company like Snap and how to think through its future performance relative to similar companies like Facebook and Twitter. Youll also learn why we believe its likely the company was significantly overvalued at its post-IPO price. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 3:55 Key Drivers and Scenarios 11:42 The Discount Rate and Terminal Value 14:24 The Results of the DCF Analysis 17:57 Recap and"
[YouTube Link](https://youtube.com/watch?v=wjIW-xZ6c2A) 2017-03-16T15:07Z 173K followers, 31.5K engagements
"Excel Tutorial - Cleaning Up Data with TRIM PROPER and Text to Columns In this Excel tutorial you'll learn how to clean up data using the TRIM PROPER and Text to Columns functions (and more). By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Why Do You Need to "Clean Up" Data Often you've pasted in data from websites or PDFs or other sources and you get lots of ugly formatting and other problems such as extra spaces non-printable characters etc. Also data may be grouped together in cases where it's better to be separated"
[YouTube Link](https://youtube.com/watch?v=x78JR7XHTro) 2014-03-04T04:50Z 171K followers, 94.6K engagements
"Oil & Gas Modeling 101: The Upstream Midstream and Downstream Crash Course Learn more here: https://breakingintowallstreet.com/oil-gas-modeling/ This tutorial provides you with full crash courses on the main verticals within oil & gas including sample models and valuations. Files & Resources: https://mergersandinquisitions.com/oil-gas-modeling-101/ Table of Contents: 0:00 Introduction 1:20 The Short Version 4:34 Part 1: Upstream Crash Course 7:09 NAV Model Overview 14:26 Part 2: Midstream Crash Course 22:51 Part 3: Downstream Crash Course 29:00 Part 4: Oilfield Services Integrated Majors and"
[YouTube Link](https://youtube.com/watch?v=xlcNRLJaer8) 2025-11-05T16:30Z 175K followers, [----] engagements
"Waterfall Returns Distribution in an LBO Model What is a "Waterfall Returns" Schedule CONCEPT: In a leveraged buyout or any deal where an investment firm acquires another company they'll often own close to 100% of it. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:04: Example of Management Promotes / Waterfall Returns 3:29: Rationale for Management Promotes and Giving Away Ownership 4:25: Step-by-Step Modeling Process for Waterfall Returns 6:35: Excel Setup 7:12: Level [--] IRR Calculations 10:05:"
[YouTube Link](https://youtube.com/watch?v=xqCVvqJaV0M) 2014-03-25T12:44Z 173K followers, 76.1K engagements
"REIT NAV Models 101: How to Set Them Up and What Makes Them Tricky Youll learn about Net Asset Value (NAV) Models for REITs in this lesson including the basic idea and what makes them more complex than they seem at first glance with examples from Park Hotels AvalonBay and Digital Realty. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:47 The Basic Idea Behind a NAV Model 6:30 Why NAV Models Can Get More Complex 9:37 AvalonBay Example 13:25 Digital Realty Example 18:37 Recap and Summary Resources:"
[YouTube Link](https://youtube.com/watch?v=yF7tYbjWixg) 2018-07-10T21:03Z 173K followers, 20.8K engagements
"The Payback Period in Project Finance and Asset-Level Modeling: Risk and Growth Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 In this tutorial you'll learn how to calculate and use the Cash Flow Available for Debt Service (CFADS) in Project Finance in both basic and more advanced models. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/payback-period/ Table of Contents: 0:00 Introduction 0:43 The Short Version 5:17 Part 1: Levered and Unlevered Payback Periods 9:35 Part 2: Payback Period vs."
[YouTube Link](https://youtube.com/watch?v=yLfcU9SrYFI) 2025-09-24T17:15Z 175K followers, [----] engagements
"Depreciation on the [--] Financial Statements Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt65 In this video we walk you through how an increase in Depreciation affects the [--] financial statements and highlight the specific line items that change on the Income Statement Balance Sheet and Cash Flow Statement. More details in http://breakingintowallstreet.com/biws/3-statement-excel-model-interview-questions/ We also go through the *intuition* behind these changes - namely how Depreciation affects a company's taxes but is not a"
[YouTube Link](https://youtube.com/watch?v=yjd7d0XWn1I) 2013-09-24T14:04Z 171K followers, 103.7K engagements
"How to Pitch a Stock and Find An "Angle" at the Last Minute Tutorial Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt32 In this tutorial youll learn the structure of a stock pitch and how to find ideas and screen companies at the last minute and how to complete the research and valuation process and find an angle for the company you pick. Table of Contents: 1:30: Stock Pitch Structure 4:45: Idea Generation 14:34: Research and Valuation Process 18:05: Recap and Summary Get the text version of this tutorial and sample templates"
[YouTube Link](https://youtube.com/watch?v=zGhp9hecqHA) 2019-04-26T13:45Z 172K followers, 94.7K engagements
"The Private Equity Case Study: The Ultimate Guide Learn more: https://breakingintowallstreet.com/advanced-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt14 In this tutorial youll learn how to approach an open-ended private equity case study where you have one week (7 days) to select a company model a potential leveraged buyout and draft a short presentation recommending for or against the deal. For all the files and documents please go to: https://www.mergersandinquisitions.com/private-equity-case-study/ Table of Contents: 0:00 Introduction 4:32 Part 1: Typical Case Study"
[YouTube Link](https://youtube.com/watch?v=znTj4bwIsR0) 2021-10-27T17:00Z 173K followers, 78.6K engagements
Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@financialmodeling Mergers & Inquisitions / Breaking Into Wall Street
Mergers & Inquisitions / Breaking Into Wall Street posts on YouTube about wall street, breaking, tutorial, utm the most. They currently have [-------] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.
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Social Influence
Social category influence finance 64.75% currencies 7.91% stocks 6.47% technology brands 4.32% social networks 1.44% countries 0.72% celebrities 0.72%
Social topic influence wall street #909, breaking 41.73%, tutorial 31.65%, utm 25.9%, how to 18.71%, cash flow 15.11%, debt 13.67%, core 13.67%, investment 12.95%, private equity 11.51%
Top assets mentioned FilesCoins Power Cu (FILECOIN) Dell Technologies, Inc. (DELL) DT Midstream, Inc. (DTM) Lazard Ltd. Class A (LAZ) Netflix Inc (NFLX) THUMB (THUMB) Uber Technologies, Inc. (UBER)
Top Social Posts
Top posts by engagements in the last [--] hours
"LBO Model Interview Questions: What to Expect Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt19 In this tutorial you'll learn about the most common LBO modeling-related questions and some tricks and rules of thumb you can use to approximate the IRR and solve for assumptions like the purchase price and EBITDA growth in leveraged buyouts. Table of Contents: 2:36 Question #1: LBO Model Walkthrough 5:34 Question #2: Ideal LBO Candidates 8:09 Question #3: How to Approximate IRR 11:46 Question #4: How to Solve for EBITDA or the"
YouTube Link 2016-11-01T21:34Z 175K followers, 218K engagements
"Simple LBO Model - Case Study and Tutorial Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt15 In this LBO Model tutorial you'll learn how to build a very simple LBO model "on paper" that you can use to answer quick questions in PE (and other) interviews. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" This matters because in many cases they'll ask you to calculate numbers such as IRR and multiple of invested capital very quickly and will not actually ask"
YouTube Link 2014-06-17T02:19Z 175K followers, 497.8K engagements
"LBO Modeling Test: Full Walkthrough of a 60-Minute Test (Blank Sheet) Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt12 In this tutorial youll learn how to complete a full 60-minute LBO modeling test starting from a blank sheet in Excel and youll learn how to simplify and work efficiently so you finish on time. NOTE: The Management Options calculations here are not quite correct. We cannot "amend" or "update" YouTube videos but the simplest way to fix this is to keep the "Cash from Management Options" formula the same but"
YouTube Link 2021-12-15T18:00Z 175K followers, 139.6K engagements
"Accretion Dilution - Rules of Thumb for Merger Models Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt13 Learn about rules of thumb you can use to determine whether an acquisition will be accretive or dilutive in advance based on the P/E multiples of the buyer and seller the % cash stock and debt used and the prevailing interest rates on cash and debt. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Here's an outline of what we cover in the lesson and the"
YouTube Link 2013-11-17T11:56Z 175K followers, 178.6K engagements
"Bank Regulatory Capital and the Tragic Tale of Silicon Valley Bank and Credit Suisse You'll learn about bank regulatory capital in this lesson why it exists and why it did not stop Silicon Valley Bank or Credit Suisse from failing - even though both had seemingly "healthy" levels of capital. Files & Resources: https://breakingintowallstreet.com/kb/bank-modeling/bank-regulatory-capital/ Table of Contents: 0:00 Introduction 5:04 Part 1: Bank Regulatory Capital Ratios 12:16 Part 2: Why the Rules Didnt Work for SVB 17:54 Part 3: Why the Rules Didnt Work for Credit Suisse 20:44 Part 4: What Can We"
YouTube Link 2023-03-31T17:27Z 175K followers, [----] engagements
"WACC Cost of Equity and Cost of Debt in a DCF Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt25 In this WACC and Cost of Equity tutorial you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity Cost of Debt. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn about WACC (Weighted Average Cost of Capital) - and why it is not always so straightforward to answer these questions in interviews. Table of Contents:"
YouTube Link 2014-09-23T15:47Z 175K followers, 257.5K engagements
"Precedent Transaction Analysis: The Full Guide and Excel Examples Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt34 In this tutorial youll learn about Precedent Transaction Analysis including how to find comparable deals in the industry of the company youre valuing how to select the metrics and multiples how to complete the analysis manually and how to interpret the set of transactions and the implied values they produce. Table of Contents: For all files and resources please see:"
YouTube Link 2021-11-22T16:30Z 175K followers, 39.7K engagements
"The Liquidation Preference in VC: Downside Protection + Tricky Excel Formulas Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 In this tutorial you'll learn all about liquidation preferences for startups and venture capital investors and you'll learn how to write the most important Excel formulas for a robust analysis. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/liquidation-preference/ Table of Contents: 0:00 Introduction 1:25 Part 1: Simple 1x Liquidation Preference Example 4:17 Part 2: What"
YouTube Link 2024-11-13T17:30Z 175K followers, [----] engagements
"The Debt Schedule in 3-Statement Models LBO Models and Credit Models Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt16 NOTE: There is a "typo" around the 11:30 mark and we link to the incorrect Beginning Cash balance. It should be $6 billion instead of $6.397 billion. Please go by the Excel file and screenshots. YouTube does not allow us to correct or edit videos. Excel Files Resources and Table of Contents: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/debt-schedule/ 0:00 Intro 1:53 Summary of Debt"
YouTube Link 2022-12-28T18:30Z 175K followers, 56.5K engagements
"Comparable Company Analysis (CCA) Tutorial Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt29 In this tutorial youll learn all about Comparable Company Analysis (CCA) also known as Public Comps or Comps including why it works what it tells you and how to complete the process efficiently without access to expensive subscription services. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:28 What Does Comparable Company Analysis Mean 3:21 How"
YouTube Link 2018-11-15T22:13Z 175K followers, 107.4K engagements
"LBO Model: Sources & Uses Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt52 Why Does the Sources & Uses Schedule Matter Key part of an LBO (leveraged buyout) model -- what you're paying for (the Uses) must equal how much you're putting in (the Sources). Similar to the conservation of energy or momentum in physics money must be conserved in a transaction like this -- cannot be created or destroyed. But the real point is that this schedule determines the amount of CASH (equity) the private equity firm must contribute to a"
YouTube Link 2014-01-28T16:17Z 175K followers, 93.8K engagements
"Cash Flow from Operations: Real Life vs. Investopedia Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial walks you through the concept behind Cash Flow from Operations and the adjustments that are often required when working with real-life companies. Files & Resources: https://breakingintowallstreet.com/kb/accounting/cash-flow-from-operations/ Table of Contents: 0:00 Introduction 1:00 The Short Version 5:50 Part 1: Target Example 7:49 Watches of Switzerland 10:52 Telstra 13:46 Part 2: Why CFO is Not an Ideal"
YouTube Link 2026-02-04T15:00Z 175K followers, [----] engagements
"The Dividend Discount Model (DDM): The Black Sheep of Valuation Get the full Excel files resources and written versions here: https://mergersandinquisitions.com/dividend-discount-model/ Table of Contents: 0:00 Introduction 1:16 The Short Answer 7:07 Part 1: Revenue Expense and Cash Flow for DT Midstream 10:42 Part 2: Distributable Cash Flow Calculations 13:10 Part 3: Debt Cash and Interest Projections 15:11 Part 4: PV of Dividends Terminal Value and Implied Value 17:18 Part 5: Merits and Drawbacks of the DDM 19:24 Recap and Summary"
YouTube Link 2023-05-03T16:28Z 175K followers, 15.2K engagements
"Type Curves in Oil & Gas Modeling: Modeling Master Key or Academic Curiosity Learn more here: https://breakingintowallstreet.com/oil-gas-modeling/ This tutorial will teach you what "negative Working Capital" means how it varies based on the industry and why it is often "much do about nothing." Files & Resources: https://breakingintowallstreet.com/kb/oil-gas-modeling/type-curve-oil-and-gas/ Table of Contents: 0:00 Introduction 0:52 The Short Version 3:18 Part 1: What is a Type Curve Key Vocabulary 6:18 Production Forecasts 8:48 Part 2: From Type Curves to Models and Cash Flows 17:14 Part 3:"
YouTube Link 2025-07-16T17:42Z 175K followers, [----] engagements
"The Fixed Charge Coverage Ratio (FCCR) in Credit Analysis: Cash Flow Confusion Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This free tutorial explains the Fixed Charge Coverage Ratio (FCCR) and demonstrates several examples of how to calculate and interpret it including its potential problems. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/fixed-charge-coverage-ratio-fccr/ Table of Contents: 0:00 Introduction 0:37 The Short Version (OK Not [--] Minutes) 6:28 Part 1: How to"
YouTube Link 2025-05-21T15:41Z 175K followers, [----] engagements
"The Debt-to-Equity Ratio in Valuation and Credit Analysis Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 In this tutorial you'll learn how to use the Debt-to-Equity Ratio in valuations credit models and 3-statement models and what a company's overall Debt level actually "means." Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/debt-to-equity-ratio/ Table of Contents: 0:00 Introduction 2:59 Part 1: Basic Calculations 4:57 Part 2: What is a Good Debt-to-Equity Ratio 6:30 Part 3: Debt"
YouTube Link 2025-02-12T15:00Z 175K followers, [----] engagements
"The Loan-to-Value (LTV) Ratio in Real Estate: How to Level Up by Levering Up Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt54 In this tutorial you'll learn what the Loan-to-Value (LTV) Ratio means in real estate and how to use it in real estate financial models for property acquisitions and refinancings. Files & Resources: https://breakingintowallstreet.com/kb/real-estate-modeling/loan-to-value-ltv/ Table of Contents: 0:00 Introduction 0:31 The Short Version 4:19 Part 1: How to Find the Right LTV 5:17 Part 2: Acquisition Example"
YouTube Link 2024-09-18T14:45Z 175K followers, [----] engagements
"Levered Free Cash Flow and the Levered DCF SEE THE IMPORTANT NOTE BELOW THE VIDEO IMPORTANT NOTE: The video here has a calculation error with the Levered FCF numbers. Please go by the screenshots and written guide on this page and the Excel file provided here. These have all been corrected. Unfortunately YouTube does not let us replace or correct the video so we cant fix this issue without deleting and re-uploading the entire video and losing all the comments and data. To get all the files and resources and a text version please go to:"
YouTube Link 2022-01-26T14:00Z 175K followers, 21.5K engagements
"The Capitalization Table: The Lifeblood (and Deathbed) of Startups Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 In this tutorial you'll learn all about capitalization tables ("cap tables") for startups and venture capital-backed companies and you'll get simple examples of the most important calculations. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/capitalization-table/ Table of Contents: 0:00 Introduction 1:07 Part 1: Cap Tables: The Short Version 2:30 Part 2: Ownership and Investment Sizes"
YouTube Link 2024-03-20T15:00Z 175K followers, 11.1K engagements
"The Levelized Cost of Energy: How to Become Famous Thanks to Lazard Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 In this tutorial you'll learn about the Levelized Cost of Energy (LCOE) in Project Finance including several sample calculations and when it is useful vs. not so useful. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/levelized-cost-of-energy/ Table of Contents: 0:00 Introduction 0:52 The Short Version 5:16 Part 1: Solar Development Calculation 9:09 Part 2: What Does LCOE Mean in"
YouTube Link 2024-12-11T19:00Z 175K followers, [----] engagements
"Debt Sculpting vs. Debt Sizing in Project Finance Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt56 This tutorial will explain Debt Sculpting vs. Debt Sizing in Project Finance including simple and more complex ways to handle both and incorporate them into models. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/debt-sculpting-vs-debt-sizing/ Table of Contents: 0:00 Introduction 1:09 Part 1: The TL;DW of Debt Sculpting and Sizing 3:07 Part 2: Simple Debt Sculpting Example 4:49 Part 3: DSCR-Based"
YouTube Link 2024-07-10T15:30Z 175K followers, 18K engagements
"The Cash Flow Sweep in LBOs: How to Clean Up Your IRR with Some Early Debt Repayment Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial you'll learn how the Cash Flow Sweep works in an LBO model including simple formulas and a more complex approach for multiple Debt tranches. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/cash-flow-sweep/ Table of Contents: 0:00 Introduction 3:28 Part 1: Sweep Percentages and Returns 7:20 Part 2: Cash Flow Sweep with Multiple Tranches"
YouTube Link 2025-01-16T15:00Z 175K followers, [----] engagements
"PE Funds of Funds and Secondaries Case Studies: Full Prep Guide Learn more here: https://breakingintowallstreet.com/private-equity-funds-of-funds/ This tutorial gives you a full crash course on PE funds of funds and secondaries case studies from typical modeling tasks to qualitative fund and portfolio company evaluations. Files & Resources: https://breakingintowallstreet.com/kb/financial-sponsors/funds-of-funds-case-studies/ Table of Contents: 0:00 Introduction 1:18 Motivations and Market Overview 3:29 Case Study Expectations 6:58 Part 1: Primary PE Fund Investing 11:29 Part 2: LP-Led"
YouTube Link 2025-12-10T16:54Z 175K followers, [----] engagements
"Michael Burry vs. AI and Big Tech: CapEx Depreciation and Nvidia GPUs Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial gives you a crash course on CapEx and Depreciation from accounting to valuation and explains why neither side is "right" in the "AI CapEx and Useful Life" debate. Files & Resources: https://breakingintowallstreet.com/kb/accounting/capex-depreciation/ Table of Contents: 0:00 Introduction 1:41 The Short Answer 5:19 Part 1: CapEx and Depreciation Accounting 8:57 Part 2: CapEx and Depreciation"
YouTube Link 2025-11-19T19:30Z 175K followers, [----] engagements
"Why Deferred Tax Liabilities Get Created in an M&A Deal Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt61 Why Do Deferred Tax Liabilities Matter They're part of any M&A deal. By http://breakingintowallstreet.com/biws/ You'll find you always see them in the purchase price allocation schedule and they impact the combined company's taxes after the deal takes place. You see them all the time especially for highly acquisitive companies like Oracle. They reflect the fact that there are TIMING differences between when a company"
YouTube Link 2014-03-18T08:59Z 175K followers, 66.4K engagements
"Negative Working Capital: Good Sign Red Flag or Much Ado About Nothing Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial will teach you what "negative Working Capital" means how it varies based on the industry and why it is often "much do about nothing." Files & Resources: https://breakingintowallstreet.com/kb/accounting/negative-working-capital/ Original Working Capital Tutorial: https://www.youtube.com/watchv=tMgty8jwmHI Table of Contents: 0:00 Introduction 0:52 The Short Version 4:35 Part 1: Dollar Tree"
YouTube Link 2025-07-02T10:23Z 175K followers, [----] engagements
"Paid-In-Kind (PIK) Interest: Full Tutorial for LBO Models Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt28 In this tutorial you'll learn about PIK (Paid-in-Kind) Interest in leveraged buyouts and LBO models and how it affects the returns for both the lenders and the equity investors. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/pik-interest/ Table of Contents: 0:00 Introduction 4:15 Part 1: PIK vs. Cash Interest in an LBO 7:39 Part 2: The Returns to Lenders 9:07 Part 3: Debt"
YouTube Link 2024-02-07T13:00Z 175K followers, 10.9K engagements
"Quick IRR Calculation in LBO Models In this tutorial you'll learn tricks to approximate IRR quickly in leveraged buyouts how to think about IRR intuitively and how to apply these tricks to both simple and more complex private equity case studies. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:31 Part 1: The Rules and Rules of Thumb for IRR 7:44 Part 2: Quick IRR Calculation in a Simple LBO Model 11:44 Part 3: Quick IRR Calculation in a Real-Life Scenario 18:45 Recap and Summary Tips for Quickly"
YouTube Link 2016-08-02T16:15Z 175K followers, 80.6K engagements
"Commercial Real Estate Loan Refinancing: What It Means and Why Investors Do It Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt43 In this lesson youll learn what it means to refinance commercial real estate loans in development and acquisition deals why Equity Investors do it and how it can boost their returns in deals. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:24 The Short Explanation for Refinancing 4:27 Examples with the Propertys"
YouTube Link 2018-08-10T12:49Z 175K followers, 21.1K engagements
"Net Revenue Retention for SaaS: Key Metric or Disguise for Disappointing Performance Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 You'll learn about the Net Revenue Retention (NRR) metric for startups and SaaS companies in this tutorial including differences vs. Gross Retention and its real-life pros and cons. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/net-revenue-retention-nrr/ Table of Contents: 0:00 Introduction 0:45 The Short Answer 4:38 Part 1: Simple and Complex Calculations 7:40 Part"
YouTube Link 2025-03-26T16:32Z 175K followers, [----] engagements
"PE Fund Performance Metrics: TVPI vs. MOIC vs. DPI and Gross vs. Net IRR Learn more here: https://breakingintowallstreet.com/private-equity-funds-of-funds/ This tutorial gives you a full crash course on PE fund performance metrics including TVPI DPI RVPI and Gross vs. Net MOIC and IRR. Files & Resources: https://breakingintowallstreet.com/kb/financial-sponsors/private-equity-fund-performance-metrics/ Table of Contents: 0:00 Introduction 1:40 Summary of Gross IRR and MOCI TVPI Net IRR DPI and RVPI 6:27 Metrics' Interpretation 7:57 Part 1: Fee Calculations and Formulas 12:05 Part 2: The Net"
YouTube Link 2026-01-21T18:35Z 175K followers, [----] engagements
"The Top Financial Modeling Mistakes: How to Avoid Balance Sheet Black Holes and Fake Projections Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial explains the top mistakes we see in financial models submitted by students from data to projection methods to metrics and ratios. Files & Resources: https://breakingintowallstreet.com/kb/3-statement-models/financial-modeling-mistakes/ Table of Contents: 0:00 Introduction 1:24 Short Summary 4:30 Part 1: Over-Reliance on Templates and Company Statements 8:00 Part 2:"
YouTube Link 2026-01-07T17:30Z 175K followers, [----] engagements
"IRR vs. Cash on Cash Multiples in Leveraged Buyouts and Investments In this IRR vs Cash tutorial youll learn the key distinctions between the internal rate of return (IRR). By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You will also learn further distinctions on the cash-on-cash multiple or money-on multiple when evaluating deals and investments and youll understand why venture capital (VC) firms target one set of numbers whereas private equity (PE) firms target a different set of numbers."
YouTube Link 2014-08-05T17:07Z 175K followers, 72.6K engagements
"Revenue Models for Consumer Retail Companies In this Revenue Models lesson you'll learn how to build a revenue model for a consumer retail company. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Chuck E. Cheese a kids' restaurant chain that was acquired by Apollo for $1.3 billion is used in this example since their data is readily available and easy to use Table of Contents: 0:39 Why Revenue Models Are Important 2:19 How to Set Up Revenue Models - Units Sold and Market Size Methods 3:39 How You Build a Revenue Model -"
YouTube Link 2014-04-08T11:06Z 175K followers, 45.5K engagements
"Cash Flow Available for Debt Service (CFADS): The Lifeblood of Infrastructure Assets Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 In this tutorial you'll learn how to calculate and use the Cash Flow Available for Debt Service (CFADS) in Project Finance in both basic and more advanced models. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/cash-flow-available-for-debt-service-cfads/ Table of Contents: 0:00 Introduction 0:29 The Short Version 3:45 Part 1: Basic CFADS Calculation 6:28 Part 2:"
YouTube Link 2025-01-29T19:30Z 175K followers, [----] engagements
"Net Operating Losses (NOLs) on the [--] Financial Statements Theres A LOT of confusion over how Net Operating Losses (NOLs) and Deferred Tax Assets (DTAs) work on the [--] financial statements. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" In this lesson youll learn how NOLs are created and used up how that impacts the DTA and what the full impact on the [--] financial statements under different scenarios is. NOLs on the [--] Statements Spreadsheet:"
YouTube Link 2014-11-04T12:26Z 175K followers, 60.3K engagements
"Merger Model: Cash Debt and Stock Mix In this merger model lesson you'll learn how a company might decide what mix of cash debt and stock it might use to fund. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" . might use to fund a merger or an acquisition - and you'll understand how to determine the appropriate amount of each one in a deal. 2:24 General Order of Funding for M&A Deals 4:49 Cash - How Much Can You Use 9:56 Debt - How Much Can You Use 14:08 Stock - How Much Can You Use 16:32 Exceptions 18:03 Recap and"
YouTube Link 2014-10-21T17:20Z 175K followers, 81K engagements
"Return on Invested Capital (ROIC) in Real Life: Beyond the "Investopedia Version" Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt33 In this tutorial you'll learn all about Return on Invested Capital (ROIC) and what it tells you about a company's valuation and your assumptions in financial models. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/roic-return-on-invested-capital/ Table of Contents: 0:00 Introduction 0:52 The Short Answer 4:53 Part 1: ROIC Calculations for Target and Best Buy"
YouTube Link 2024-03-06T18:00Z 175K followers, 12.8K engagements
"Original Issue Discount (OID) on Debt Issuances In this tutorial you'll learn what "Original Issue Discount" or OID on Debt issuances means and how it works on the financial statements. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 0:51 The Short Simple Answer 4:04 The Longer Answer OID on Debt with Principal Repayments 10:28 Recap and Summary Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Original-Issue-Discount-Slides.pdf"
YouTube Link 2018-12-20T18:11Z 175K followers, 39K engagements
"Management Rollover vs. Option Pool: LBO Incentive Structures Formulas and IRR Impact Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial you'll learn about two common incentive structures in leveraged buyout deals: Management rollovers and management option pools. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/management-rollover-vs-management-option-pool/ Table of Contents: 0:00 Introduction 1:13 Part 1: The 3-Minute Summary 4:58 Part 2: Rollover vs. Option Pool IRR"
YouTube Link 2024-10-23T20:30Z 175K followers, [----] engagements
"Investment Banking Fit Questions: Quick Prep Learn more here: https://breakingintowallstreet.com/investment-banking-interview-guide/utm_medium=yt&utm_source=yt&utm_campaign=yt59 In this tutorial youll learn how to prepare for fit questions in investment banking interviews efficiently and how to use the Rule of [--] to develop short anecdotes and responses that you can re-use to answer the most common questions. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 3:57 Your [--] Short Stories 6:22 Your [--] Strengths"
YouTube Link 2017-04-11T22:41Z 175K followers, 90.4K engagements
"Cap Rates in Real Estate: EBITDA Multiple for Properties Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt41 In this tutorial you'll learn what Cap Rates in real estate mean how to use them in models and what to be careful of when using them in analyses. Files & Resources: https://breakingintowallstreet.com/kb/real-estate-modeling/cap-rate/ Table of Contents: 0:00 Introduction 0:37 The Short Version 4:44 Part 1: What Affects Cap Rates and How to Find Them 6:58 Part 2: Cap Rate vs. IRR vs. Cash Yield 9:19 Part 3: Cap Rates in Real"
YouTube Link 2024-08-08T19:00Z 175K followers, [----] engagements
"Equity Value and Enterprise Value Interview Questions: What to Expect REVISED In this tutorial youll learn what to expect in interviews when it comes to Equity Value and Enterprise Value and youll understand the key principles you can use to answer any question on these topics. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-18-Eq-Val-TEV-Interview-Questions-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-18-Eq-Val-TEV-Interview-Questions.xlsx Table of Contents: 0:00 Introduction 1:05 Corrected Rule for Eq Val 3:39 Interview Question"
YouTube Link 2023-10-23T10:47Z 143K followers, 20.3K engagements
"Excel Lambda Functions: Create Your Own Functions Without VBA or Macros Learn more: https://breakingintowallstreet.com/excel-vba/utm_medium=yt&utm_source=yt&utm_campaign=yt37 You'll learn how to create simple Lambda functions to create and re-use custom calculations in Excel in this tutorial. Files & Resources: https://breakingintowallstreet.com/kb/excel/excel-lambda-functions/ Table of Contents: 0:00 Introduction 2:31 Basic Syntax 4:51 Part 1: The MOIC Function 7:16 Part 2: Error-Checking the Function 11:21 Part 3: Extensions and Drawbacks of Lambda Functions 13:14 Recap and Summary"
YouTube Link 2025-10-08T10:50Z 175K followers, [----] engagements
"Deferred Taxes in Models and Valuations: Interpretation and Projections In this tutorial youll learn what Deferred Taxes on the financial statements mean and how to project them in 3-statement models and valuations for different types of companies. Table of Contents: 0:00 Introduction 0:33 The Short Version 5:30 Part 1: Net Operating Losses (NOLs) and Deferred Taxes 9:57 Part 2: Accelerated Depreciation and Deferred Taxes 13:39 Part 3: Stock-Based Compensation and Deferred Taxes 17:51 Part 4: Model and Valuation Treatment 20:04 Recap and Summary Files & Resources:"
YouTube Link 2022-09-21T17:14Z 162K followers, 15.2K engagements
"Is the Risk-Free Rate Really Risk-Free Why U.S. Treasuries Could Trade Like Meme Stocks You'll learn about the Risk-Free Rate in this tutorial including why the name is deceptive and how it's 100% possible to lose money on "safe" government bonds (and also earn far above the stated yield). Table of Contents: 0:00 Introduction 3:58 What is the Risk-Free Rate 5:53 Interest-Rate Risk 13:39 Currency Risk 16:51 Inflation Risk 19:44 Recap and Summary Files & Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Risk-Free-Rate.xlsx"
YouTube Link 2023-01-25T22:14Z 165K followers, [----] engagements
"Inventory and COGS: LIFO vs FIFO In this lesson you'll learn how Inventory and Cost of Goods Sold (COGS) differ under the LIFO (Last-In First-Out) and FIFO (First-In First-Out) methods. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also understand their impact on the financial statements. This lesson is ONLY applicable if you are in the US -- under IFRS which most other countries follow only FIFO is allowed. Table of Contents: 0:48 Why LIFO vs. FIFO Matters and a Simple Example 4:22 Real Life Example of LIFO vs."
YouTube Link 2014-06-10T10:33Z 166K followers, 26.3K engagements
"SPAC vs IPO: Performance Excel Differences Retail Investors and the Future For all the files and resources please go to: https://mergersandinquisitions.com/spac-vs-ipo/ Table of Contents: 0:00 introduction 3:09 Part 1: SPAC Recap and State of the Market 9:03 Part 2: SPAC vs. IPO: Performance 12:42 Part 3: SPAC vs. IPO in Excel 16:56 Part 4: SPACs for the (Retail) Investor 21:18 Part 5: What Happens Next in SPAC Land 23:20 Recap and Summary"
YouTube Link 2022-07-20T17:10Z 160K followers, [----] engagements
"Financial Modeling Best Practices: How to Give Your Excel Files a Makeover Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the best practices in financial modeling and how to fix broken and inefficient Excel files in this free tutorial. Files & Resources: https://breakingintowallstreet.com/kb/finance/financial-modeling-best-practices/ Table of Contents: 0:00 Introduction 5:54 Part 1: The Three Commandments 10:41 Part 2: How to Give Your Excel Files a Makeover 12:30 Consolidation and Assumption"
YouTube Link 2025-06-18T18:45Z 175K followers, [----] engagements
"Accounts Receivable on the [--] Financial Statements What is Accounts Receivable ("AR") Why This Question Matters What happens when AR goes up What happens when it goes down By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Here's an outline of what we cover in this free tutorial: [--]. Why This Question Matters This one is both a "real world" scenario AND a very common question in interviews. [--]. What is Accounts Receivable ("AR") Line item on Balance Sheet for cash that you still need to collect from customers. Recorded it as"
YouTube Link 2013-11-03T15:23Z 157K followers, 44K engagements
"Earnout Modeling in M&A Deals and Merger Models In this tutorial youll learn how and why earn-outs are used in M&A deals how they appear on the [--] financial statements and how they impact the transaction assumptions and combined financial statements in a merger model. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:28 What Earn-Outs Are and Why You Use Them 7:46 How Earn-Outs Show Up on the [--] Statements 12:21 How Earn-Outs Impact Purchase Price Allocation and Sources & Uses 16:02 How Earn-Outs Affect"
YouTube Link 2015-05-12T17:02Z 161K followers, 43.2K engagements
"Cash-on-Cash Returns in Real Estate Leveraged Buyouts and More Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt54 In this tutorial you'll learn how to calculate the cash-on-cash return in real estate on both a leveraged and unleveraged basis and how it differs in fields such as infrastructure and private equity. Files & Resources: https://breakingintowallstreet.com/kb/real-estate-modeling/cash-on-cash-returns/ Table of Contents: 0:00 Introduction 1:08 The Short Version 3:57 Part 1: Unleveraged vs. Leveraged Returns 9:20 Part 2:"
YouTube Link 2025-03-12T16:53Z 161K followers, [---] engagements
"Enterprise Value vs. Purchase Price: The True Price in an M&A Deal For all the files and resources please visit: https://breakingintowallstreet.com/kb/ma-and-merger-models/enterprise-value-vs-purchase-price/ Table of Contents: 0:00 Introduction 3:56 Why Purchase Enterprise Value is the "True Purchase Price" 7:01 Adjustments to Purchase Enterprise Value 8:40 The Seller's Proceeds 9:24 The Price in M&A Models 12:16 Recap and Summary"
YouTube Link 2023-10-25T19:30Z 164K followers, 10.6K engagements
"Cash-Free Debt-Free Deals in M&A and LBOs (Version 2.0) For the files & resources please go to: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/cash-free-debt-free-basis/ Table of Contents: 0:00 Introduction 5:53 Part 1: Simple Public vs. Private LBO 10:22 Part 2: 3-Statement LBO Example 18:21 Part 3: M&A Example 19:53 Part 4: Equivalence of CF/DF Deals 23:46 Recap and Summary"
YouTube Link 2022-11-23T18:36Z 158K followers, 15.6K engagements
"The Cash Flow Statement: King of the Financial Statements in Valuations Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the Cash Flow Statement in this tutorial with a focus on how it is used and projected in financial models and how to use it when answering accounting interview questions. Files & Resources: https://breakingintowallstreet.com/kb/accounting/cash-flow-statement/ Table of Contents: 0:00 Introduction 0:38 The Short Version 5:36 Part 1: U.S. GAAP vs. IFRS Differences and Requirements"
YouTube Link 2024-09-04T18:30Z 175K followers, [----] engagements
"The FILTER Function in Excel: Data Financial Models and the Multiverse Learn more: https://breakingintowallstreet.com/excel-vba/utm_medium=yt&utm_source=yt&utm_campaign=yt37 You'll learn how to use the FILTER function in Excel in this tutorial for both data analysis and financial modeling. Files & Resources: https://breakingintowallstreet.com/kb/excel/excel-filter-function/ Table of Contents: 0:00 Introduction 4:24 Part 1: FILTER with Multiple Criteria 7:28 Part 2: FILTER for PE Fund Modeling 12:31 Part 3: FILTER with the XIRR and IRR Functions 15:31 Part 4: How to Make This More Dynamic"
YouTube Link 2025-09-10T16:45Z 175K followers, [----] engagements
"Project Finance vs. Corporate Finance: Deals Modeling and Math Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt44 This tutorial will explain the differences between Project Finance and Corporate Finance focusing on technical analysis deals and financial models. Files & Resources: https://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"
YouTube Link 2024-05-29T17:15Z 175K followers, 18.9K engagements
"Funds from Operations (FFO): REIT Analysis [---] In this tutorial you'll learn all about "Funds from Operations" (FFO) for real estate investment trusts (REITs) a key metric used for financial statement analysis and valuation. Files & Resources: https://breakingintowallstreet.com/kb/reit-modeling/funds-from-operations-ffo/ Table of Contents: 0:00 Introduction 4:20 Part 1: Why We Use FFO for REITs 6:42 Part 2: Using FFO to Value REITs in Real Life 8:19 Part 3: IFRS vs. U.S. GAAP Differences 9:52 Part 4: FFO vs. FCF vs. NOI 11:48 Part 5: AFFO and Other Variations of FFO 13:20 Recap and Summary"
YouTube Link 2024-05-01T15:30Z 175K followers, [----] engagements
"Projecting the [--] Financial Statements: The Balance Sheet In this tutorial you will learn how to decide which Income Statement line items Balance Sheet accounts such as Accounts Receivable Prepaid Expenses and Deferred Revenue should be linked to. Youll also see an example of how to check your work how to tell when youve linked something incorrectly and what to do with more random line items. Table of Contents: 2:23: The Rough Answer to Projecting Balance Sheet Line Items 5:43: Rules of Thumb for Specific Line Items 9:36: Example for Atlassian Checking Your Work 14:38: How to Handle Random"
YouTube Link 2015-05-26T16:32Z 166K followers, 145.3K engagements
"The Balance Sheet: Back to the Future of Corporate Finance Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the Balance Sheet in this tutorial with a focus on how it is used and projected in financial models and how to use it when answering accounting interview questions. Files & Resources: https://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"
YouTube Link 2024-06-12T16:30Z 175K followers, [----] engagements
"Liquidity Ratios: Bankers Living in a Credit Analysts Paradise Files & Resources for This Video: https://breakingintowallstreet.com/kb/financial-statement-analysis/liquidity-ratios/ Table of Contents: 0:00 Introduction 1:39 Part 1: The Top [--] OG Liquidity Ratios 4:00 Part 2: Unofficial Liquidity Ratios 8:25 Part 3: Liquidity Ratios in Real Life for Illinois Tool Works 10:44 Recap and Summary"
YouTube Link 2023-11-27T17:41Z 169K followers, [----] engagements
"Investment Banking Interviews: How to Tell Your "Story" in [--] Simple Steps How to Tell Your "Story" in Investment Banking Interviews in [--] Simple Steps. http://www.mergersandinquisitions.com/how-to-tell-your-story-investment-banking-interviews/ (Get the full article and transcript here) In past tutorials we've talked a lot about your "story" in interviews how important it is and the mistakes you could make that will cost you an offer. But now I'm going to go beyond that and actually give you a blueprint that will let you tell your "story" effectively and win offers no matter what level you're"
YouTube Link 2012-05-20T23:22Z 162K followers, 118.6K engagements
"Venture Debt: A Bridge to Survival for Startups or a Bridge to Nowhere for Lenders Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 This tutorial will give you a crash course on venture debt for VC-backed startups including the key terms the returns calculations and the risks. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/venture-debt/ Table of Contents: 0:00 Introduction 1:20 Part 1: Venture Debt: The Short Version 3:35 Part 2: How Lenders Earn Returns with Venture Debt 5:35 Part 3: Venture Debt"
YouTube Link 2024-04-17T15:00Z 175K followers, [----] engagements
"EBITDA: Corporate Finance Lessons from Tony Soprano In this tutorial you'll learn what EBITDA means how to calculate it and why criticism of EBITDA is both deserved and also a bit misplaced. Files & Resources: https://breakingintowallstreet.com/kb/accounting/ebitda/ Table of Contents: 0:00 Introduction 4:56 Part 1: How to Calculate EBITDA in More Detail 7:06 Part 2: What Does EBITDA Mean 8:41 Part 3: Is EBITDA Close to Cash Flow from Operations 10:16 Part 4: The Pros and Cons of EBITDA 11:11 Recap and Summary"
YouTube Link 2024-02-21T18:30Z 175K followers, [----] engagements
"Startup Valuation - How Are Startups Worth Billions Youll learn about Startup Valuation in this lesson and see how a traditional methodology such as the Discounted Cash Flow (DCF) analysis applies to early-stage tech startups with no revenue. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 2:59 A DCF Analysis for Piped Piper 9:01 Whats Required for a Startup DCF/Valuation to Work 12:35 Recap and Summary How Are Startups Worth Billions of Dollars I dont understand how tech startups can be worth billions of"
YouTube Link 2016-06-14T17:08Z 164K followers, 89.8K engagements
"Subscription Revenue Model (Netflix) Youll learn how to project subscription revenue for a Software as a Service (SaaS) or other subscription-based company in this tutorial which is based on a case study of Netflix. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:16 Part 1: Key Drivers of a Subscription Revenue Business 5:09 Part 2: Where to Find the Required Information 10:08 Part 3: How to Put It Together in Excel + Add Scenarios 15:32 Recap and Summary Part 1: Key Drivers of a Subscription Revenue"
YouTube Link 2016-05-24T14:33Z 162K followers, 58.9K engagements
"Stock-Based Compensation in a DCF In this tutorial youll learn the proper treatment for Stock-Based Compensation in a DCF when projecting a companys Unlevered Free Cash Flow and youll see why it should be treated as an actual cash expense not a non-cash add-back. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:52 Why Its Hard to Define Unlevered FCF in Practice 5:28 Why Stock-Based Compensation Should Be Treated Differently from Depreciation & Amortization 11:49 What Stock-Based Compensation Costs"
YouTube Link 2015-02-03T09:00Z 166K followers, 24.2K engagements
"Growth Equity Case Study: Real-Life Example and Tutorial Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt20 In this tutorial you'll learn about growth equity case studies get a real-life example and learn the key differences vs. private equity and venture capital case studies. Files & Resources: https://mergersandinquisitions.com/growth-equity-case-study/ Table of Contents: 0:00 Introduction 1:16 Part 1: What to Expect in a Growth Equity Case Study 3:51 Part 2: Historical Trends and Revenue 6:16 Part 3: Financial Statement"
YouTube Link 2024-01-24T16:40Z 169K followers, 13.2K engagements
"Tariff Apocalypse: Trade Wars and Tariffs in Financial Models and Valuation Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 In this tutorial you'll learn how tariffs might show up in financial models including their impact on Net Income EPS and FCF and how they could affect M&A deals. Files & Resources: https://breakingintowallstreet.com/kb/ma-and-merger-models/tariff-model/ Table of Contents: 0:00 Introduction 1:30 The Short Answer 4:51 Part 1: How to Add Tariff Support to Models 9:35 Part 2: Three Common Scenarios for"
YouTube Link 2025-04-09T17:29Z 175K followers, [----] engagements
"The Interest Tax Shield in Valuations Leveraged Buyouts and More Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial you'll learn about the "Interest Tax Shield" and how it affects certain aspects of valuation and LBO models in both simple and more complex ways. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/interest-tax-shield/ Table of Contents: 0:00 Introduction 0:33 3-Minute Answer 4:17 Part 1: The Interest Tax Shield in Valuations 5:56 Part 2: Limits on the"
YouTube Link 2025-04-23T15:30Z 175K followers, [----] engagements
"DCF - Terminal Value - Gordon Growth Method Intuition We review the intuition behind the Gordon Growth Formula used to calculate Terminal Value in a Discounted Cash Flow (DCF) analysis. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Lots of people textbooks training programs professors and so on present this formula but hardly anyone takes the time to explain what it means where it comes from and how it works. We'll explain here both the INTUITION behind the formula and then also give a mathematical derivation for it"
YouTube Link 2014-01-09T09:25Z 170K followers, 80.9K engagements
"Excel Tutorial - How to Color Code Financial Models Learn more: https://breakingintowallstreet.com/excel-vba/utm_medium=yt&utm_source=yt&utm_campaign=yt37 This will cover how to color code your financial models so that hard-coded numbers and constants are in blue formulas and text are in black. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You will also learn how to make the links to other worksheets show up in green. In addition to a simple method using the F5 shortcut key to jump to different cell types you'll also"
YouTube Link 2013-11-11T16:09Z 164K followers, 85.1K engagements
"Cryptocurrency Accounting: Why Net Income and P / E Have Become Even More Useless For all the Excel files and PDFs and a text version of this tutorial please see: https://www.mergersandinquisitions.com/cryptocurrency-accounting/ Table of Contents: 0:00 Introduction 2:17 Part 1: The Basics on the Statements (MSTR and TSLA) 5:14 Part 1a: Excel Demonstration in a 3-Statement Model 13:22 Part 2: How a Bank (Galaxy Digital) Does It 16:17 Part 3: The Broader Issue(s) with Net Income 17:42 Part 4: Impact on Valuation Multiples and Methodologies 19:05 Recap and Summary"
YouTube Link 2021-05-12T11:49Z 161K followers, [----] engagements
"How to Calculate Goodwill in M&A Deals and Merger Models Tutorial In this tutorial youll learn why Goodwill exists and how to calculate Goodwill in M&A deals and merger models both simple and more complex/realistic scenarios. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-14-How-to-Calculate-Goodwill-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-14-How-to-Calculate-Goodwill.xlsx Table of Contents: 1:21 Goodwill Why It"
YouTube Link 2019-01-24T20:26Z 166K followers, 32.8K engagements
"Equity Method of Accounting: Minority Stakes on the Financial Statements In this tutorial youll learn about the Equity Method of Accounting for recording minority stakes in other companies and youll see how Net Income Dividends and changing ownership stakes flow through the financial statements. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-23-Equity-Method-of-Accounting.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-23-Equity-Method-of-Accounting-Slides.pdf Table of Contents: 0:00 Introduction 1:01 Basics of Equity Method Accounting 3:55"
YouTube Link 2020-07-28T16:44Z 160K followers, 12.5K engagements
"How to Learn Financial Modeling: The Cyberpunk the Witcher and the Wardrobe Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt64 To learn financial modeling pick simple boring companies with easy-to-predict revenue and expenses watch someone else complete the process and then try examples on your own starting with partial templates and moving to open-ended examples without full instructions. Files & Resources: https://breakingintowallstreet.com/kb/finance/how-to-learn-financial-modeling/ Table of Contents: 0:00 Introduction"
YouTube Link 2025-01-10T17:55Z 175K followers, [----] engagements
"Share Price Dynamics in M&A Deals In this tutorial youll learn how the buyers and sellers share prices change when M&A deals are announced and when they close. Youll also learn a simple rule of thumb you can use to predict how a buyers share price might change. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:48 How the Sellers Share Price Changes 3:55 How the Buyers Share Price Changes 10:16 Facebook / WhatsApp Example 12:01 Recap and Summary Lesson Outline: Question: Can you please explain to me quick"
YouTube Link 2015-11-24T16:06Z 158K followers, 12.6K engagements
"LBO Exit Strategies: M&A IPOs and Dividends / Recapitalizations This LBO exit strategy training will cover different ways a private equity firm can exit a leveraged buyout. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" . including an M&A deal a sale to a normal company or to another private equity firm as well as an initial public offering (IPO) and a recapitalization / perpetual dividend non-exit. 2:09 Exits in Real Life: M&A IPO and Dividends/Recaps 6:27 Standard M&A Exit in an LBO 7:21 IPO Exit in an LBO 12:44"
YouTube Link 2023-10-22T17:30Z [--] followers, 49.9K engagements
"The Real Estate Pro-Forma: Calculations Examples and Scenarios Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt42 In this lesson youll learn what the real estate pro-forma is why its important what the key line items and calculations are and how to make it more complex with scenarios based on examples for office and multifamily properties. https://www.mergersandinquisitions.com/real-estate-pro-forma/ https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Resources:"
YouTube Link 2019-02-26T22:07Z 174K followers, 42.5K engagements
"How to Pitch a Bank Stock (Shawbrook) In this tutorial youll learn how to think about a bank stock pitch for a financial institutions group (FIG) including the valuation operational scenarios catalysts risk factors and the story behind the company and industry. Youll also get a full 32-page example of a hedge fund/asset management stock pitch for a commercial bank (Shawbrook in the U.K.). Please see this link for all the files the textual explanation and more: http://www.mergersandinquisitions.com/bank-stock-pitch/ Table of Contents: 2:42 Part 1: The Story of the Company and the Industry 7:46"
YouTube Link 2016-09-14T12:58Z 172K followers, 14.5K engagements
"The Cost of Equity in Valuations for Public Companies Startups and More Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This free tutorial covers the Cost of Equity and explains several methods to calculate it which have different trade-offs and let you establish a reasonable range of values in real-life models. Files & Resources: https://breakingintowallstreet.com/kb/valuation/cost-of-equity/ Table of Contents: 0:00 Introduction 6:20 Part 1: Real-Life Examples (WES and STLD) 9:55 Part 2: Cost of Equity Based on"
YouTube Link 2025-10-22T16:00Z 175K followers, [----] engagements
"Accounts Payable vs. Accrued Expenses - Interview Question Accounts Payable vs. Accrued Expenses on the [--] Financial Statements: Why Does It Matter By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" It's a common interview question You may be asked about the differences between them how changes are reflected on the [--] financial statements and so on. And most Google search results on this topic are AWFUL and do not answer the actual question at all or do so in a confusing way that misses the point (trust me I looked). THE"
YouTube Link 2014-02-11T06:53Z 172K followers, 94.8K engagements
"Why You Never Project Enterprise Value In this lesson youll learn why you NEVER project Enterprise Value for future periods. more. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Continued. (e.g. if its the middle of the year right now projecting Enterprise Value at the end of the year or the end of next year) when youre valuing companies. Table of Contents: 1:57 The Basic Reason Why This Makes No Sense 3:10 What Would It Take to Project Enterprise Value Time Travel 6:31 Exceptions and Special Cases Question That Came In"
YouTube Link 2014-08-19T12:20Z 172K followers, 13.5K engagements
"Expense Synergies in Merger Models In this expense synergies lesson you'll learn why expense synergies matter what they consist of how they impact M&A deals. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn and accretion / dilution and [--] common mistakes that people make when incorporating synergies into models. Table of Contents: 3:45 Example of Expense Synergies (Office Consolidation) 7:57 Oversight #1: More Granular Estimates / Checks 11:37 Oversight #2: It Takes Time to Realize Synergies 14:39"
YouTube Link 2014-10-07T17:19Z 173K followers, 29.8K engagements
"Convertible Notes for Startups: A Safer Alternative Than the SAFE Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 This tutorial will explain Convertible Notes for startup financing including the mechanics dilution and a full comparison to SAFE Notes. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/convertible-notes/ Table of Contents: 0:00 Introduction 5:19 Part 1: Convertible Notes in a Seed Round 6:01 Part 2: Conversions in the Series A with an Options Pool 10:47 Dollars Invested Method 11:41 Part"
YouTube Link 2024-05-16T16:30Z 175K followers, [----] engagements
"The Twitter Buyout: Is Elon Musk a Madman or a Genius In this tutorial youll get an overview of Elon Musks $44 billion buyout of Twitter and learn the various problems with the deal that make the numbers unlikely to work (although a positive outcome certainly is possible). For the Excel files and other documents please go to: https://mergersandinquisitions.com/twitter-buyout/ Table of Contents: 0:00 Introduction 2:13 The Short Answer 8:12 Part 1: Information Sources and Model Approach 10:31 Part 2: Purchase Assumptions and Leverage 14:46 Part 3: Operating Cases/Scenarios 17:36 Part 4: Cash"
YouTube Link 2022-05-04T18:00Z 173K followers, 19.1K engagements
"Football Field Valuation Chart with Dynamic Share Price Line Tutorial Video In this tutorial youll learn how to create a flexible football field valuation template in Excel including a line for the companys current share price that updates automatically when the share price changes which is missing from most templates youll find. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-Football-Field-Valuation-v2.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-Football-Field-Valuation-v2.xlsx Table of Contents: 1:01 Football Field Valuation"
YouTube Link 2019-06-25T21:13Z 172K followers, 38.4K engagements
"Bank Growth Equity and Buyout Deals: Key Differences In this tutorial youll learn about the key differences between private equity investing in financial services and traditional companies and you'll see how a bank buyout or growth equity deal might work using a simplified example for MidFirst Bank. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:12 Key Differences Between Traditional LBOs and Bank Buyouts 7:09 Overview of Simplified Bank Buyout Model 12:29 IRR Multiples and Returns Attribution 15:28"
YouTube Link 2017-08-08T16:03Z 173K followers, 11.5K engagements
"Negative Rates and Negative Yields and the Next Financial Crisis (featuring: Thanos) In this tutorial youll learn what the trillions of dollars of negative-yielding bonds means why its a sign that central banks have manipulated the financial markets and why it just might result in the next financial crisis. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Negative-Rates-Negative-Yields-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Negative-Rates-Negative-Yields.xlsx Table of Contents: 1:39 The Short Answer Central Banks Gone Wild 3:25 Why Buy a"
YouTube Link 2019-08-27T22:27Z 172K followers, 12K engagements
"Uber Valuation: Is It Overvalued Video Tutorial In this tutorial youll get our crash course on Ubers valuation and youll learn how to build a Discounted Cash Flow (DCF) analysis that uses its 20-year performance to determine what the company is worth just after its IPO. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-23-Uber-Valuation.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-23-Uber-Valuation-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-23-Uber-S1-Highlights-Only.pdf Table of Contents: 2:31 Part 1: How to"
YouTube Link 2019-05-17T19:00Z 174K followers, 27.3K engagements
"Negative Goodwill and Bargain Purchases in Merger Models In this tutorial youll learn about bargain purchases the concept of negative Goodwill and what happens on the financial statements in a merger model when a buyer acquires a seller for an Equity Purchase Price less than the sellers Common Shareholders Equity. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 4:20 Part 1: Why Bargain Purchases Take Place 9:17 Part 2: Why the Accounting is Confusing and a Simpler Method 12:30 Part 3: Real-Life Example"
YouTube Link 2018-03-22T17:23Z 171K followers, 11.7K engagements
"Exchange Ratios in M&A Deals: Fixed Floating and Collars In this tutorial youll learn how Exchange Ratios work in 100% Stock M&A deals including the differences between Fixed and Floating Exchange Ratios and how structures called Collars change the mechanics. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-15-Exchange-Ratio-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/108-15-Exchange-Ratios.xlsx Table of Contents: 0:00 Introduction 1:21 Exchange Ratios [---] 2:31 Exchange Ratio Formula 5:12 Exchange Ratio Problems 6:51 Floating Exchange Ratio"
YouTube Link 2020-12-21T17:43Z 173K followers, 11.9K engagements
"Existing Debt in Leveraged Buyouts: Why It Doesn't Matter In this tutorial youll learn why a companys existing Debt and capital structure dont make (much of) a difference in leveraged buyouts and LBO models despite guides that claim the contrary. Youll also learn about a few exceptions where these items do make a small difference. Table of Contents: 6:33 Exception #1: Call Premiums 10:00 Exception #2: Lender Familiarity 11:50 Recap and Summary Lesson Outline: For the most part a companys existing capital structure does NOT matter in leveraged buyout scenarios. Thats because in an LBO the PE"
YouTube Link 2016-12-15T16:27Z 173K followers, 23.9K engagements
"SaaS Accounting (Revised): Bookings Billings Revenue Deferred Revenue and More In this tutorial youll learn how SaaS accounting works and how line items on the financial statements change as a SaaS company bills customers delivers services and recognizes revenue. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/saas-accounting/ Table of Contents: 0:00 Introduction 1:26 Part 1: Bookings vs. Billings vs. Revenue 2:22 Part 2: Simple Excel Schedule 5:11 Part 3: Accounts Receivable and Deferred Revenue 9:05 Part 4: 3-Statement Model Example 11:30 Recap and Summary"
YouTube Link 2023-09-27T20:00Z 173K followers, 11.2K engagements
"IPO Valuation Model Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 In this tutorial youll learn what an IPO valuation really means how to model an initial public offering (IPO) transaction and what an IPO model tells you about the company and its possible valuation multiples before and after going public. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 0:00 Introduction 4:17 The Rationale and Assumptions Behind an IPO 7:47 Pricing"
YouTube Link 2015-03-17T03:28Z 175K followers, 126.3K engagements
"Convertible Preferred Stock in Leveraged Buyouts: The Best of Both Worlds Learn more: https://breakingintowallstreet.com/private-equity-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt39 You'll learn all about Convertible Preferred Stock in leveraged buyouts and LBO models in this tutorial including tricks for avoiding circular references. Files & Resources: https://breakingintowallstreet.com/kb/leveraged-buyouts-and-lbo-models/convertible-preferred-stock/ Table of Contents: 0:00 Introduction 1:16 Table of Contents 1:29 Part 1: The 3-Minute Summary 4:00 Part 2: Assumptions & Model Flow"
YouTube Link 2024-11-27T15:54Z 175K followers, [----] engagements
"Commercial Bank Revenue Model: Loan Projections In this tutorial Commercial Bank Revenue Model: Loan Projections youll learn about the key revenue drivers for a commercial bank with a focus on how to project its loan portfolio based on GDP growth market share and addressable loan market sizes. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:46: Overview of Revenue for a Bank 6:47: The Step-by-Step Process to Project Loan Growth 15:06: Calculating and Checking the Loan Size in Each Segment 19:39: Recap"
YouTube Link 2016-04-05T06:34Z 172K followers, 42.7K engagements
"Net Operating Losses in a DCF Analysis In this tutorial youll learn how to factor in Net Operating Losses (NOLs) in a DCF analysis including why its almost always a bad idea to build a separate schedule for NOLs. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 2:29 How to Build an NOL Schedule into a DCF 9:02 Why an NOL Schedule is Probably a Bad Idea 12:42 Recap and Summary How do you factor in Net Operating Losses when building a DCF analysis Do you have to create a separate schedule that shows the book"
YouTube Link 2016-09-29T18:58Z 173K followers, 23.6K engagements
"The Cost of Debt in Valuations Credit and Real Life Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This free tutorial covers the Cost of Debt and explains several different ways to calculate it - plus some problems that often come up when working with the filings and disclosures of real companies. Files & Resources: https://breakingintowallstreet.com/kb/valuation/cost-of-debt/ Table of Contents: 0:00 Introduction 5:37 Part 1: Cost of Debt Interpretations 7:45 Part 2: Multiple Debt Issuances in Real Life 9:53 Part 3: No"
YouTube Link 2025-05-07T15:30Z 175K followers, [----] engagements
"Debt vs. Equity Analysis: How to Advise Companies on Financing Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt38 In this tutorial you'll learn how to analyze Debt vs. Equity financing options for a company evaluate the credit stats and ratios in different operational cases and make a recommendation based on both qualitative and quantitative factors. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 0:50 The Short Simple Answer 3:54 The"
YouTube Link 2017-02-14T21:41Z 175K followers, 108.6K engagements
"The SaaS Rule of 40: Valuation Indicator or Online Echo Chamber Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt31 This tutorial will explain the "Rule of 40" for SaaS companies including its valuation and operational implications and its limitations. Files & Resources: https://breakingintowallstreet.com/kb/venture-capital/rule-of-40/ Table of Contents: 0:00 Introduction 1:14 The Rule of [--] in a Nutshell 3:58 Part 1: How to Calculate the Rule of [--] 7:27 Part 2: Valuation Implications 9:09 Part 3: The Rule of [--] as an"
YouTube Link 2024-06-26T15:55Z 175K followers, [----] engagements
"3-Statement Model: 90-Minute Case Study from a Blank Excel Sheet Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt11 For all the files and resources go to: https://mergersandinquisitions.com/3-statement-model/ Table of Contents: 0:00 Introduction 2:35 What is a 3-Statement Modeling Test 5:54 Part 1: Inputting the Historical Financial Statements 15:31 Balance Sheet Entry 24:14 Cash Flow Statement Entry 35:11 Part 2: Income Statement Projections 50:12 Part 3: Balance Sheet Projections 57:51 Part 4: Cash Flow Statement Projections"
YouTube Link 2022-10-26T17:00Z 173K followers, 267.5K engagements
"The Venture Capital Case Study: What to Expect and How to Survive Learn more: https://breakingintowallstreet.com/venture-capital-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt22 For all the files and resources and a written version of this tutorial please go to: https://mergersandinquisitions.com/venture-capital-case-study/ Table of Contents: 0:00 Introduction 1:58 Part 1: What to Expect in VC Case Studies 3:10 Part 2: What Do VCs Want in Early-Stage Investments 4:51 Part 3: The Numbers for PitchBookGPT 8:16 Part 4: The Market Product and Team 11:45 Part 5: Recommendation and"
YouTube Link 2023-07-12T16:56Z 173K followers, 21.8K engagements
"Book Value vs Market Value vs Face Value of Bonds Explained Tutorial Youll learn about the book value vs market value vs face value of bonds in this tutorial and youll understand how to calculate and project them in financial models. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Book-Value-vs-Face-Value-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Book-Value-vs-Face-Value.xlsx Table of Contents: 3:06 Excel Examples 11:04"
YouTube Link 2019-03-26T18:15Z 172K followers, 21.1K engagements
"Unlevered Free Cash Flow: What Goes in It and Why It Matters Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt53 In this revised tutorial youll learn why Unlevered Free Cash Flow is important the items you should include and exclude and how to calculate it for real companies in different industries. Youll also get answers to the most common questions we receive about this topic at the end. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of"
YouTube Link 2018-10-04T17:03Z 174K followers, 56.9K engagements
"Convertible Bond Crash Course: Accounting Valuation WACC and More You'll learn all about convertible bonds in this tutorial from accounting and valuation to the "Cost of Convertible Bond" calculation. For the written guide and Excel files please see the links below the Table of Contents: Table of Contents: 0:00 Introduction 2:20 Part 1: Typical Terms and Conversion Options 5:23 Part 2: Which Companies Issue Convertible Bonds 9:25 Part 3: Convertible Bonds on the Financial Statements 16:00 Part 4: Convertible Bond Valuation & Black-Scholes 20:01 Part 5: Payoff Diagrams and Payback Periods"
YouTube Link 2022-08-17T18:36Z 173K followers, 17K engagements
"How to Tell Your Story in Investment Banking Interviews Learn more here: https://breakingintowallstreet.com/investment-banking-interview-guide/utm_medium=yt&utm_source=yt&utm_campaign=yt57 How to Tell Your Story in Investment Banking Interviews - Updated for [----]. A lot of our advice from past years is still applicable but a few things have changed over time. Table of Contents: 1:08 Part 1: Whats Different About Your Story Now 1:47 Part 2: What is Your Story 2:45 Part 3: How to Tell Your Story in [--] Simple Steps 10:20 Part 4: Mistakes to Avoid in Your Story 12:02 Recap and Summary To get the"
YouTube Link 2017-06-07T13:02Z 172K followers, 95K engagements
"The Income Statement: The Launchpad for All Accounting Interview Questions Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 You'll learn all about the Income Statement in this tutorial with a focus on how it is used and projected in financial models and how to use it when answering accounting interview questions. Files & Resources: https://breakingintowallstreet.com/kb/accounting/income-statement/ Table of Contents: 0:00 Introduction 0:39 The Short Version 5:43 Part 1: More Advanced Line Items 7:24 Part 2: Why Does Item"
YouTube Link 2024-07-24T16:15Z 175K followers, [----] engagements
"Lease Accounting: Operating Leases Finance Leases and the Confusing Changing Rules Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt30 For all the files and resources for this video please go to: https://www.mergersandinquisitions.com/lease-accounting/ Table of Contents: 0:00 Introduction 4:41 Part 1: Operating Leases vs. Finance Leases (Capital Leases) 6:04 Part 2: Finance Leases and Operating Leases Under IFRS 10:29 Part 3: The U.S. GAAP Treatment of Operating Leases 14:20 Part 4: Leases in Real Life in 3-Statement Models"
YouTube Link 2021-06-09T18:37Z 172K followers, 53.1K engagements
"How to Pick the Terminal Multiple to Calculate Terminal Value in a DCF Youll learn how to select a Terminal Multiple for use in a DCF in this lesson. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" This training includes how you can check the long-term Free Cash Flow growth rate implied by the Terminal Multiple how to use data from the comparable public companies and how to draw conclusions about your analysis with these formulas. Table of Contents: 2:16 Why Most Sources Get This Explanation Wrong 6:33 How to Determine"
YouTube Link 2014-12-23T06:13Z 174K followers, 62.5K engagements
"Free Cash Flow Conversion Analysis In this tutorial youll learn how to use Free Cash Flow (FCF) Conversion Analysis to determine how reliable a companys EBITDA is and how much EBITDA actually translates into cash flow from business operations; youll also see a few examples of how to use this analysis in valuation and leveraged buyout scenarios. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:33 Problems with EBITDA 4:12 FCF Conversion Calculation Example 8:07 How to Use and Interpret FCF Conversion"
YouTube Link 2015-10-27T10:50Z 161K followers, 25.6K engagements
"Liquidation Preferences and Participating Preferred Stock: How VC Terms Affect Deals In this tutorial youll learn about common terms in venture capital investments such as liquidation preferences and participating preferred stock and youll get simple Excel examples that demonstrate how they affect the distribution of proceeds in M&A deals. Resources: https://youtube-breakingintowallstreet-com.s3.us-east-1.amazonaws.com/Startups-VC/Liquidation-Preferences-Participating-Preferred-Slides.pdf"
YouTube Link 2022-06-08T17:29Z 173K followers, 16.7K engagements
"Return on Assets (ROA): Niche Metric or Key Value Driver Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt35 In this tutorial you'll learn about Return on Assets (ROA) for both normal companies and banks and understand what it implies about a firm's valuation. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/return-on-assets-roa/ Table of Contents: 0:00 Introduction 0:50 The Short Answer 3:05 Part 1: ROA Calculations for Target and Costco 6:32 Part 2: ROA for Banks (JPM Citi Wells and BofA)"
YouTube Link 2024-04-03T14:30Z 175K followers, [----] engagements
"XLOOKUP in Excel: How to Use It and Whether Or Not Its a Game-Changer In this tutorial youll learn how to use the XLOOKUP function in Excel [---] how it improves upon VLOOKUP HLOOKUP and INDEX/MATCH and whether or not XLOOKUP will start appearing in spreadsheets everywhere. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-XLOOKUP-Examples.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/Excel-XLOOKUP-Slides.pdf Table of Contents: 0:00 Introduction 1:10 Short Answer and Demonstration 3:15 How XLOOKUP Improves Upon VLOOKUP 5:31 XLOOKUP vs. VLOOKUP for"
YouTube Link 2020-09-15T15:14Z 172K followers, [----] engagements
"The Great SPAC Scam: Why SPACs Are Terrible for Most Investors In this tutorial youll learn why SPACs (Special Purpose Acquisition Companies) are a scam and how the process of going public via a SPAC differs from the process of a traditional IPO (initial public offering). Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-24-SPAC-Scam-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/107-24-SPAC-Model.xlsx Table of Contents 3:23 Part 1: The SPAC Process and Mechanics 9:04 Part 2: SPAC IPO Model (Step 1) 15:21 Part 3: SPAC Merger Model (Step 2)"
YouTube Link 2021-03-01T14:09Z 174K followers, 41K engagements
"Equity Value vs. Enterprise Value and Valuation Multiples Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt23 Learn how Equity Value and Enterprise Value change when a company issues debt pays off debt issues equity and repurchases shares. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" The key point is that regardless of how a company is financed its Enterprise Value - and Enterprise Value-based multiples - do NOT change. Equity Value however may change"
YouTube Link 2013-10-13T08:41Z 175K followers, 126.6K engagements
"Price to Book Value Ratio - Interpretation and Derivation In this Price to Book Value Ratio - Interpretation and Derivation lesson youll learn about the relationship between Price to Book Value (P/BV) Return on Equity (ROE) and Cost of Equity (Ke) for commercial banks including how you can derive a formula for P/BV that links these key variables plus Net Income Growth together. Youll also learn how you can use this information to determine if a bank might be overvalued or undervalued. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment"
YouTube Link 2015-08-04T17:41Z 173K followers, 28.6K engagements
"Yield to Maturity Formula - Approximation Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt63 In this tutorial youll learn how to approximate the Yield to Maturity (YTM) of a bond including how you might modify it to cover Yield to Call and Yield to Put as well as real-life scenarios with debt investing. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:14 Part 1: The Yield to Maturity (YTM) and What It Means 5:27 Part 2: How to Quickly"
YouTube Link 2016-07-05T17:16Z 174K followers, 53K engagements
"The Debt / Equity Ratio and Enterprise Value In this tutorial youll learn how the Debt / Equity Ratio or Debt / Total Capital Ratio of a company impacts its Enterprise Value and youll understand why capital structure does actually affect a companys value. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 2:51 How to Think About This Question 4:39 Excel Demonstration The Debt / Equity Ratio and Enterprise Value Question the Other Day: "As a companys Debt / Equity ratio changes how does its Enterprise"
YouTube Link 2015-04-29T04:04Z 173K followers, 28.5K engagements
"The DSCR and LLCR: The North Stars of Project Finance Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 You'll learn about the Debt Service Coverage Ratio (DSCR) and Loan Life Coverage Ratio (LLCR) in Project Finance and Infrastructure Modeling in this tutorial including simple and more complex use cases and calculations. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/debt-service-coverage-ratio/ https://breakingintowallstreet.com/kb/project-finance/loan-life-coverage-ratio/ Table of Contents:"
YouTube Link 2024-08-21T14:30Z 175K followers, [----] engagements
"The Cash Conversion Cycle (CCC): The King of the Cash Flow Statement Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt21 In this tutorial you'll learn about the Cash Conversion Cycle in financial statement analysis and understand when it's useful vs. not so useful and what it means for valuations. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/cash-conversion-cycle/ Table of Contents: 0:00 Introduction 3:49 Part 1: CCC Calculations for Target and Costco 6:50 Part 2: Valuation Impact 8:30"
YouTube Link 2024-01-17T16:02Z 173K followers, [----] engagements
"What is Real Estate Financial Modeling (REFM) Step-By-Step-Tutorial Learn more: https://breakingintowallstreet.com/real-estate-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt41 In this tutorial youll learn what real estate financial modeling is how we use it to make investment decisions and youll see examples of simple acquisition and development models and the step-by-step process that applies to both of them. https://www.mergersandinquisitions.com/real-estate-pro-forma/ https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment"
YouTube Link 2019-04-11T22:10Z 173K followers, 50K engagements
"Dividend Discount Model - Commercial Bank Valuation (FIG) Learn more: https://breakingintowallstreet.com/bank-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt36 Why the Dividend Discount Model (DDM) is used to value commercial banks instead of the traditional Discounted Cash Flow (DCF) analysis. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" There are [--] main reasons why the DCF and the concept of Free Cash Flow (FCF) do not apply to commercial banks: [--]. You can't separate operating vs. investing vs. financing"
YouTube Link 2013-12-31T07:04Z 173K followers, 109K engagements
"Leveraged Buyout - Debt Equity Ratio (REVISED) In this tutorial youll learn how to determine the proper debt level to use in a leveraged buyout case study given by a private equity firm all from using Google and free information you can find online. Table of Contents: 2:35 Step 1: Find Comparable Deals and Estimate the Purchase Multiple and Debt / EBITDA 9:45 Step 2: Test Your Assumptions in Excel 16:21 Step 3: Tweak Your Assumptions as Necessary 18:21 Recap and Summary Lesson Outline: Question that came in the other day Help I just got a case study from a private equity firm Im interviewing"
YouTube Link 2016-02-16T16:29Z 173K followers, 17.1K engagements
"Working Capital and the Change in Working Capital in Valuation and Financial Modeling REVISED Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt18 Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-24-Change-in-Working-Capital-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-24-Working-Capital.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/105-24-Target-Financial-Statements.pdf"
YouTube Link 2020-10-22T19:55Z 174K followers, 103.5K engagements
"Accounts Payable vs. Accrued Expenses: Invoices Cash Flows and Interview Questions Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial explains the differences between Accounts Payable and Accrued Expenses including the mechanics on the financial statements. Files & Resources: https://breakingintowallstreet.com/kb/accounting/accounts-payable-vs-accrued-expenses/ Table of Contents: 0:00 Introduction 0:55 The Short Version 3:45 Part 1: Simple Accrued Expense Example 7:05 Part 2: Simple Accounts Payable Example"
YouTube Link 2025-12-23T11:44Z 175K followers, [----] engagements
"Valuation Multiples: Quick Screening Tool or Bedrock of Company Valuation Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This video gives you a crash course on valuation multiples from the rationale and intuition to the most common calculations and multiples to the theory behind them and the limits of multiples. Files & Resources: https://breakingintowallstreet.com/kb/valuation/valuation-multiples/ Table of Contents: 0:00 Introduction 0:44 The Short Version 4:42 Part 1: Example Valuation Multiples 7:20 Part 2: Example"
YouTube Link 2024-10-09T15:45Z 175K followers, [----] engagements
"LBO - Returns Attribution Analysis In this tutorial youll learn about what drives the IRR or money-on-money multiple in a leveraged buyout. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Youll also see how EBITDA growth multiple expansion and debt pay-down and cash generation all play a role and what drivers make a deal look favorable or less favorable. Table of Contents: 0:48 How Do PE Firms Make Money 5:13 Returns Attribution Analysis Formulas 7:43 Setting Up a Simple LBO Model 13:10 IRR and MoM Multiples 14:31"
YouTube Link 2014-12-02T11:42Z 172K followers, 48.7K engagements
"Enterprise Value: Why You Add and Subtract Certain Items (Version 2.0) In this revised and updated lesson youll learn about how to decide which items go into the Enterprise Value calculation and which items you can safely ignore. Resources: https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-20-Enterprise-Value-Why-Add-Subtract-Items-Slides.pdf https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-20-Steel-Dynamics-Vivendi-TEV-Calculations.xlsx https://youtube-breakingintowallstreet-com.s3.amazonaws.com/106-20-STLD-10-K.pdf"
YouTube Link 2021-08-18T17:46Z 173K followers, 29.6K engagements
"The Times Interest Earned (TIE) Ratio: Real-World Risk or Spreadsheet Swindle Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt45 This tutorial explains the Times Interest Earned (TIE) Ratio including nuances in the definitions and how to interpret the number in credit analysis. Files & Resources: https://breakingintowallstreet.com/kb/financial-statement-analysis/times-interest-earned-tie/ Table of Contents: 0:00 Introduction 5:34 Part 1: TIE Definitions in a Simple LBO Model 10:51 Part 2: What Does TIE Tell You 13:07 Part"
YouTube Link 2025-08-13T16:37Z 175K followers, [----] engagements
"Snap Valuation: Is Snap Overvalued In this tutorial youll learn how to analyze and value a speculative company like Snap and how to think through its future performance relative to similar companies like Facebook and Twitter. Youll also learn why we believe its likely the company was significantly overvalued at its post-IPO price. http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 3:55 Key Drivers and Scenarios 11:42 The Discount Rate and Terminal Value 14:24 The Results of the DCF Analysis 17:57 Recap and"
YouTube Link 2017-03-16T15:07Z 173K followers, 31.5K engagements
"Excel Tutorial - Cleaning Up Data with TRIM PROPER and Text to Columns In this Excel tutorial you'll learn how to clean up data using the TRIM PROPER and Text to Columns functions (and more). By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Why Do You Need to "Clean Up" Data Often you've pasted in data from websites or PDFs or other sources and you get lots of ugly formatting and other problems such as extra spaces non-printable characters etc. Also data may be grouped together in cases where it's better to be separated"
YouTube Link 2014-03-04T04:50Z 171K followers, 94.6K engagements
"Oil & Gas Modeling 101: The Upstream Midstream and Downstream Crash Course Learn more here: https://breakingintowallstreet.com/oil-gas-modeling/ This tutorial provides you with full crash courses on the main verticals within oil & gas including sample models and valuations. Files & Resources: https://mergersandinquisitions.com/oil-gas-modeling-101/ Table of Contents: 0:00 Introduction 1:20 The Short Version 4:34 Part 1: Upstream Crash Course 7:09 NAV Model Overview 14:26 Part 2: Midstream Crash Course 22:51 Part 3: Downstream Crash Course 29:00 Part 4: Oilfield Services Integrated Majors and"
YouTube Link 2025-11-05T16:30Z 175K followers, [----] engagements
"Waterfall Returns Distribution in an LBO Model What is a "Waterfall Returns" Schedule CONCEPT: In a leveraged buyout or any deal where an investment firm acquires another company they'll often own close to 100% of it. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:04: Example of Management Promotes / Waterfall Returns 3:29: Rationale for Management Promotes and Giving Away Ownership 4:25: Step-by-Step Modeling Process for Waterfall Returns 6:35: Excel Setup 7:12: Level [--] IRR Calculations 10:05:"
YouTube Link 2014-03-25T12:44Z 173K followers, 76.1K engagements
"REIT NAV Models 101: How to Set Them Up and What Makes Them Tricky Youll learn about Net Asset Value (NAV) Models for REITs in this lesson including the basic idea and what makes them more complex than they seem at first glance with examples from Park Hotels AvalonBay and Digital Realty. https://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Table of Contents: 1:47 The Basic Idea Behind a NAV Model 6:30 Why NAV Models Can Get More Complex 9:37 AvalonBay Example 13:25 Digital Realty Example 18:37 Recap and Summary Resources:"
YouTube Link 2018-07-10T21:03Z 173K followers, 20.8K engagements
"The Payback Period in Project Finance and Asset-Level Modeling: Risk and Growth Learn more here: https://breakingintowallstreet.com/project-finance-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt55 In this tutorial you'll learn how to calculate and use the Cash Flow Available for Debt Service (CFADS) in Project Finance in both basic and more advanced models. Files & Resources: https://breakingintowallstreet.com/kb/project-finance/payback-period/ Table of Contents: 0:00 Introduction 0:43 The Short Version 5:17 Part 1: Levered and Unlevered Payback Periods 9:35 Part 2: Payback Period vs."
YouTube Link 2025-09-24T17:15Z 175K followers, [----] engagements
"Depreciation on the [--] Financial Statements Learn more here: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt65 In this video we walk you through how an increase in Depreciation affects the [--] financial statements and highlight the specific line items that change on the Income Statement Balance Sheet and Cash Flow Statement. More details in http://breakingintowallstreet.com/biws/3-statement-excel-model-interview-questions/ We also go through the intuition behind these changes - namely how Depreciation affects a company's taxes but is not a"
YouTube Link 2013-09-24T14:04Z 171K followers, 103.7K engagements
"How to Pitch a Stock and Find An "Angle" at the Last Minute Tutorial Learn more: https://breakingintowallstreet.com/core-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt32 In this tutorial youll learn the structure of a stock pitch and how to find ideas and screen companies at the last minute and how to complete the research and valuation process and find an angle for the company you pick. Table of Contents: 1:30: Stock Pitch Structure 4:45: Idea Generation 14:34: Research and Valuation Process 18:05: Recap and Summary Get the text version of this tutorial and sample templates"
YouTube Link 2019-04-26T13:45Z 172K followers, 94.7K engagements
"The Private Equity Case Study: The Ultimate Guide Learn more: https://breakingintowallstreet.com/advanced-financial-modeling/utm_medium=yt&utm_source=yt&utm_campaign=yt14 In this tutorial youll learn how to approach an open-ended private equity case study where you have one week (7 days) to select a company model a potential leveraged buyout and draft a short presentation recommending for or against the deal. For all the files and documents please go to: https://www.mergersandinquisitions.com/private-equity-case-study/ Table of Contents: 0:00 Introduction 4:32 Part 1: Typical Case Study"
YouTube Link 2021-10-27T17:00Z 173K followers, 78.6K engagements
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