Simulator
41,879+ cases across 40 tracks - 59 featured builds below, plus thousands of instant practice drills. The first is free; unlock the rest once for lifetime access.
Valuation
10 casesNorthwind Trading - DCF
Build a five-year unlevered DCF and value the business - a complete intro to discounted cash flow.
Dividend Discount Model (Gordon)
Price a constant-growth dividend stock with the Gordon growth model.
WACC Build
Compute a weighted-average cost of capital from market weights and an after-tax cost of debt.
EV → Equity Value Bridge
Convert enterprise value to equity value and a per-share price using the standard bridge.
Comps-Implied Value
Take a peer set to a median multiple, apply it to the target, and bridge to an implied share price.
Two-stage Dividend Model
Value a stock with three years of high dividend growth fading to a terminal rate.
Terminal Value - Two Methods
Compute and compare the perpetuity-growth and exit-multiple approaches to terminal value.
FCFF → FCFE Bridge
Bridge free cash flow to the firm into free cash flow to equity.
Comparable Company Valuation
Use peer EV/EBITDA multiples to value a target and back into an implied share price.
Two-Stage DCF
Discount three years of FCF and a perpetuity-growth terminal value to an enterprise value.
LBO & PE
6 casesSources & Uses
Build the sources & uses of a buyout and solve for the sponsor's equity check.
LBO Returns: MOIC and IRR
From entry to exit, compute the sponsor's multiple of money and annualized return.
Debt Paydown Schedule
Build a three-year LBO debt schedule: interest on the balance, sweep the rest, roll to the next year.
LBO with Debt Paydown
A fuller LBO: lever up, sweep free cash flow to debt, grow EBITDA, and compute returns.
Returns Attribution Bridge
Split an LBO's equity value creation into EBITDA growth, multiple change, and deleveraging.
LBO - Sponsor Returns
A quick leveraged buyout: entry, EBITDA growth, deleveraging, and exit returns.
M&A
4 casesExchange Ratio
Convert a per-share stock offer into an exchange ratio, new shares, and the premium.
Goodwill & PPA
Allocate a purchase price across asset write-ups, deferred taxes, and goodwill.
Accretion with Synergies
Model a cash-and-stock acquisition with synergies and debt-funded cash, then test EPS.
Accretion / Dilution
Model an all-stock acquisition and find whether it lifts or dilutes pro forma EPS.
Accounting
7 casesRevenue Build (Price × Volume)
Project revenue bottoms-up from unit volume and price, each compounding separately.
Depreciation Schedule
Build a straight-line depreciation schedule with accumulated depreciation and book value.
From Net Income to Cash
Take EBIT down to net income, then bridge net income to cash and free cash flow to equity.
Cash Flow Statement (Indirect)
Build operating cash flow from net income, add investing and financing, and tie out ending cash.
Cash Conversion Cycle
Compute DSO, DIO, DPO and combine them into the cash conversion cycle.
Debt Schedule
Roll a term loan with interest on the opening balance and scheduled amortization.
Cash Flow Statement (Indirect)
Reconcile net income to the change in cash through the three cash-flow sections.
Credit & Debt
5 casesLeverage & Coverage Ratios
Compute net debt, gross and net leverage, and interest coverage from the basics.
Debt Service Coverage (DSCR)
Compute the debt service coverage ratio from operating income and total debt service.
Debt to Total Capitalization
Measure capital structure with gross and net debt-to-capitalization ratios.
Loan Amortization Schedule
Build an amortization table from a level payment, splitting interest and principal.
Interest Coverage Variants
Compare EBIT, EBITDA, and capex-adjusted interest coverage ratios.
Markets & Portfolio
6 casesCAPM - Cost of Equity
Use beta and the equity risk premium to derive a stock's required return.
Sharpe Ratio
Compute risk-adjusted return as excess return divided by volatility.
Holding-period Return
Decompose a stock's holding-period return into capital gains and dividend yield.
Bond Pricing
Price a fixed-rate bond as the present value of its coupons and principal.
Bond Yield (Approximate YTM)
Estimate yield to maturity with the current yield and the approximation formula.
Two-asset Portfolio
Compute expected return and volatility for a two-asset portfolio with correlation.
Corporate Finance
6 casesProject NPV
Value a capital project as the present value of its inflows less the upfront cost.
Profitability Index
Compute the profitability index and relate it to NPV for capital rationing.
Project IRR
Compute a project's internal rate of return from its cash-flow stream.
Payback & Discounted Payback
Find simple and discounted payback periods from a project's cumulative cash flows.
Economic Order Quantity
Solve for the order quantity that minimises combined ordering and holding costs.
Operating & Financial Leverage
Compute DOL, DFL, and combined leverage to see how sales swings hit the bottom line.
Unit Economics
5 casesRule of 40
Test whether a software company's growth plus margin clears the 40% bar.
Burn & Runway
Compute net monthly burn and the resulting cash runway in months.
Blended CAC
Compute per-channel and blended customer acquisition cost across two channels.
ARR Bridge & Retention
Build an ARR bridge and compute net revenue retention and gross retention.
SaaS Unit Economics
Compute customer lifetime value, the LTV/CAC ratio, and CAC payback from monthly metrics.
Ratios & Analysis
6 casesLiquidity Ratios
Compute current, quick, and cash ratios from the working-capital accounts.
Turnover & Efficiency Ratios
Compute asset, inventory, and receivables turnover, then days inventory.
Common-size Income Statement
Build an income statement and express each line as a percentage of revenue.
Break-even Analysis
Find the units and revenue needed to cover fixed costs using contribution margin.
DuPont ROE
Decompose return on equity into profitability, efficiency, and leverage.
Margin Expansion
Project revenue and costs three years out and show how operating margin expands.
Personal Finance
4 casesMortgage Payment
Compute a fixed mortgage's monthly payment and the total interest paid over its life.
Compound Interest & Rule of 72
Grow a lump sum and compare the Rule of 72 doubling estimate to the exact answer.
Retirement Future Value
Project a retirement balance from a starting sum plus regular monthly contributions.
Debt Payoff Time
Use NPER to find how many months a fixed payment takes to clear a balance, with interest.