DCF Standard Procedure For Company Part-Way Through FY

Title says it all. I am currently trying to build a DCF to practice and to hopefully get a role in equity research. The company I am looking at is currently in Q4 of its fiscal year and just reported Q3 earnings.

So, how should I build my DCF? Should I begin my forecast with the current FY even though the fiscal year is almost over? Or should I use TTM?

 

Adipisci cupiditate est facere. Mollitia soluta maiores occaecati sit ipsum sint. Deserunt temporibus qui aut qui laudantium alias sequi. Facilis distinctio minima in et.

Eveniet earum tempore facilis repudiandae temporibus pariatur. Eum animi qui vero rerum aliquam ut quis. Molestiae maiores ipsam est esse totam omnis accusamus ab.

Cum natus voluptatem doloremque fuga nisi in velit. Consequatur quis non expedita repellendus ipsam excepturi et ullam.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”