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ISSUE 001SUMMER 2026

IBT13 CHAPTERS

Investment Banking Technical

Read the statements, build the forecast, choose the method, and expose the assumptions. Technical fluency means another person can follow the work.

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  1. 00Start here: technical financeREVIEWED 2026-07-31
  2. 01What valuation is—and what it can't doREVIEWED 2026-07-31
  3. 02Choose the method for the questionREVIEWED 2026-07-31
  4. 03Read the business through all four statements and the notesREVIEWED 2026-07-31
  5. 04Comparable companies: build a defensible peer setREVIEWED 2026-07-31
  6. 05DCF: forecast cash and expose the assumptionsREVIEWED 2026-07-31
  7. 06Precedent transactions: paid prices with contextREVIEWED 2026-07-31
  8. 07IPOs, direct listings, follow-ons, and SPAC transactionsREVIEWED 2026-07-31
  9. 08Financial-model architecture and auditabilityREVIEWED 2026-07-31
  10. 09Build and link a three-statement modelREVIEWED 2026-07-31
  11. 10LBO analysis: debt capacity, cash conversion, and returnsREVIEWED 2026-07-31
  12. 11M&A valuation, consideration, and accretion or dilutionREVIEWED 2026-07-31
  13. 12Updated M&A case: Capital One and DiscoverREVIEWED 2026-07-31