Best Seller
DCF Modeling Course

DCF Modeling Course Master DCF & DDM Valuation in Excel

★★★★★4.8100,000+ finance professionals trained
Taught by Dheeraj Vaidya, CFA, FRM | IIT, IIM Alumnus | Ex-JPMorgan & CLSA Analyst | 20+ Years of Training Experience | 100,000+ Learners Trained | Hands-On Learning

Build accurate DCF and Dividend Discount Models in Excel using the exact valuation training used by top investment banks. Apply WACC, FCFF/FCFE, and terminal value through a real McDonald's case study.

Topics Covered:

DDM, DCF, FCFF, FCFE, CAPM, WACC, Cost of Debt, Cost of Equity, Terminal Value, Sensitivity Analysis, and more.

Relevant Career Paths:

Financial Analyst, Equity Research Analyst, Investment Banker, Private Equity Analyst, Credit Analyst, FP&A Analyst, and more.

What's included with enrollment:
  • 10+ hours of expert-led video tutorials
  • Downloadable valuation models
  • Certificate of completion
  • 1-year unlimited access
Learners from finance, consulting, technology, and Fortune 500 teams
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★★★★★

“This course was really useful and insightful. This course was easy to understand and to follow. I really loved it.”

Jocelyn A | MBA Student
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★★★★★

“The study material is simplified. They make it simple and easy to understand different aspects of accounting. Thank you.”

Jolly Walia Kelly
Program Overview

Valuation Basics First. DCF Modeling Next. Analyst-Ready Always.

Begin with the Dividend Discount Model and its variants, then progress into full DCF mechanics - forecasting cash flows, computing WACC, deriving the cost of debt and cost of equity, and applying terminal value. Each concept is taught in Excel with a McDonald's case study so the math links directly to real company financials and buy/sell recommendations.

DDM & DCF FUNDAMENTALS
EXCEL VALUATION
COMPLETION CERTIFICATE
Included With Enrollment

Everything you need to build, value, and present DCF models with confidence.

These resources help you practice each valuation method in Excel, review concepts at your own pace, and apply DCF to real company financials.

10+ Hours of Self-Paced Video Tutorials

Step-by-step expert lessons covering every valuation method from DDM to terminal value.

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Downloadable Excel Valuation Models

Editable DCF and DDM templates you can adapt to any company you analyze.

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McDonald's Case Study

Apply DCF mechanics to a real listed company from forecast to fair value.

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1-Year Unlimited Access

Revisit modules, models, and the case study anytime for twelve months.

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Free Mock Tests & Final Assessment

Test your DCF Modeling knowledge and qualify for the completion certificate.

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Certificate of Completion

A verifiable WallStreetMojo certificate to showcase on LinkedIn and your resume.

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Curriculum

A guided path from Dividend Discount Models to full DCF valuation.

Each module builds on the last, moving from basic dividend-based valuation into complete enterprise valuation using Excel.

3 phases 10+ hours 7 modules Real McDonald's case study included
01 Dividend-Based Valuation Foundations of cash-flow valuation
Dividend Discount ModelLearn how DDM values a company based on expected future dividends.
0 mins · 0 lesson
02 Discounted Cash Flow Valuation Core DCF mechanics in Excel
Discounted Cash Flow ModelBuild a full DCF model from forecast assumptions to enterprise value.
0 mins · 0 lessons
FCFF / FCFEUnderstand Free Cash Flow to Firm and Free Cash Flow to Equity techniques.
0 mins · 0 lessons
03 Cost of Capital & Terminal Value Inputs that drive accurate valuation
CAPM and WACCCompute the weighted average cost of capital using CAPM.
0 mins · 0 lesson
Cost of Debt CalculationEstimate the cost of debt using the financials method.
0 mins · 0 lessons
Cost of Equity CalculationApply Net Present Value and Internal Rate of Return functions to evaluate investment decisions and capital budgeting scenarios.
0 mins · 0 lesson
Terminal ValueApply perpetuity growth and exit multiple methods to calculate terminal value.
0 mins · 0 lesson
The path moves from DDM (Phase 1) → DCF, FCFF, and FCFE mechanics (Phase 2) → CAPM, WACC, cost of capital, and terminal value (Phase 3), so each input is understood before you assemble the final valuation.
Sample Videos

Preview the learning experience before you enroll.

See how DCF and DDM concepts are taught in Excel with step-by-step walkthroughs and real financial statements.

Dividend Discount Model - Introduction

Types of Dividend Discount Model

Discounted Cash Flows - Introduction

Cost of Debt - Using Financials Method

Course Instructor

Learn directly from a former J.P. Morgan and CLSA Equity Analyst

Dheeraj Vaidya, CFA, FRM

Co-Founder, WallStreetMojo · View LinkedIn profile →

EX-JPMORGANEX-CLSA AnalystCFAFRMIIT and IIM Alumnus20+YEARS OF EXPERIENCE100K+ STUDENTS TRAINED

Dheeraj Vaidya, CFA, FRM is the Co-Founder and Course Director of WallStreetMojo with nearly two decades of experience in financial modeling, forecasting, and valuations. He has worked as an Equity Analyst at J.P. Morgan and CLSA and built this DCF Modeling Course to teach the exact DDM, DCF, WACC, FCFF/FCFE, and terminal value workflows used inside investment banks. Over his career he has trained more than 100,000 students and professionals across investment banking, private equity, accounting, and valuation.

Career Outcomes

From financial statement reader to confident DCF valuation analyst

Valuation is the language every finance role uses to defend an investment decision — staying current on DCF, DDM, and cost-of-capital methods keeps you hireable as deal flow and analyst roles evolve.

Career paths our students typically pursue
Financial Analyst Equity26%
Research Analyst24%
Investment Banker18%
Private Equity Analyst14%
Credit Analyst18%
Company modeling and correlating financial statements
Accounting and forecasting skills
Analytical skills for valuation and investment decisions
Excel skills for fast, accurate valuation
Presentation skills to communicate findings to clients and stakeholders
Strategic thinking and observation skills
Fit Check

Is this course right for you?

Use this self-check to confirm the DCF Modeling Course matches your background and your career goals.

This course is built for:

Financial analysts
Valuation experts
Financial planners
Business consultants and accountants

This course is NOT for:

×Learners with no understanding of financial statements
×Anyone without access to Microsoft Excel
×People not seeking finance or valuation career outcomes
LIMITED-TIME COURSE OFFER

Ready to value any company using DCF and DDM in Excel?

 Get the complete DCF Modeling Course for $29 save $30, today only.

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Why Choose This Bundle?

DCF valuation training built for real analyst work, not theory

Foundation-first sequencing, hands-on Excel modeling, and a real McDonald's case study - taught by a former investment bank equity analyst.

DCF FOUNDATIONS EXCEL APPLICATIONCAREER OUTCOMES

Foundation-First DDM to DCF Path

ou learn dividend-based valuation first, then build into full DCF mechanics so each input - WACC, FCFF, terminal value - is understood before assembly.

Excel-Based Practical Learning

Every concept is taught inside Excel with downloadable models, including unpopular Excel tricks and shortcuts to speed up real valuation work.

McDonald's Real Case Study

You apply the full DCF process to a listed company - forecasting cash flows, computing WACC, and arriving at a buy or sell recommendation.

Investment-Bank-Grade Training at Course Price

The exact valuation training used by top investment banks — delivered by a former J.P. Morgan and CLSA analyst at a fraction of bootcamp pricing.

The simple promise

By the end of this DCF Modeling Course you will think, build, review, and defend a full company valuation in Excel - moving from blank spreadsheet to a defensible buy or sell recommendation with confidence.

Smarter Buy

Why pay more - in time or money - to learn DCF and DDM valuation the unstructured way?

Most learners considering DCF modeling weigh two alternatives before buying structured training: free YouTube tutorials or stitching together individual paid courses. Neither gives you a guided DDM-to-DCF sequence, downloadable Excel models, a real case study, and a verifiable certificate in one place.

Alternative A
YouTube + Free Online ResourcesFree self-study path for DCF and DDM valuation: Free but unstructured - no guided sequence from DDM to DCF, no downloadable Excel models, no McDonald's-style case study, no mock tests, and no certificate
Freebut high time cost with no guided structure
Alternative A
Individual Course PurchasesBuying DCF, DDM, WACC, and FCFF/FCFE courses separately across platforms: Higher combined cost with no guaranteed sequence, missing Excel templates and case-study application, and no single learning path from foundations to terminal value
$499Per course - multiple purchases required
WallStreetMojo recommended choice
DCF Modeling CourseStructured DDM-to-DCF path + Excel-based modeling + McDonald's case study + completion certificate in one place Price: $29
$29complete bundle
GUIDED DDM → DCF SEQUENCE
EXCEL MODELS & CASE STUDY BUILT IN
BEST VALUE vs BUYING SEPARATELY
Why it wins: Visitors can immediately see the price advantage and the modern finance + AI angle, without reading a lot of copy.
$30saved

Simple takeaway: Simple takeaway: A structured DCF Modeling Course gives you a guided DDM-to-DCF path, downloadable Excel valuation models, a real McDonald's case study, and a completion certificate - at a lower total cost than stitching the same skills together course by course.

Student Feedback

What learners say about WallStreetMojo training

★★★★★

“Comprehensive and easy to understand, plus explanation examples. in the 2 courses I attended, I earn a lot of technique and through understanding of financial modelling and business valuation.”

Student testimonial photo of Priya
Omar Saif AlhorryMBA Finance Graduate
★★★★★

“Actually it was a very good experience, the content was very useful and the instructor illustrated it an very simple and easy way”

Student testimonial photo of Rahul
Keroles RefaatVerified Learner
★★★★★

“I'm so excited being a partaker of this lessons because I was able to get a detailed understanding of corporate finance with practical examples and the various excel functions used to solve Capital budgeting techniques.”

Student testimonial photo of Megha
Adegbayi IyanuoluwaVerified Learner
Video Testimonials

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From confusion to confidence in finance

Imran MezzeVerified Learner
Video Testimonial

From CFA concepts to real-world financial modeling and valuation skills.

George StanleyCFA Level II Candidate
Video Testimonial

From exploring finance careers to gaining a strong understanding of the industry and its day-to-day roles.

Belana BarkleyBusiness Administration Major (Finance Concentration)
Certification

Earn a WallStreetMojo certificate after course completion.

Once you have completed all video lessons, passed the chapter-wise MCQ tests, and cleared the final assessment, you receive a WallStreetMojo Excel for Finance certificate - a recognised credential you can add to your LinkedIn profile, résumé, and job applications to validate your Excel finance skills. Share it with confidence when applying for investment banking, financial analysis, auditing, or accounting roles.

Certificate awarded on full course completion
Designed for students, budding finance professionals, accountants, and working analysts
Demonstrates proficiency in Excel for Finance, financial modeling, and data analysis
Supports career advancement in investment banking, corporate finance, and accounting
WallStreetMojo Certificate of Completion preview
FAQ

Frequently Asked Questions

These answers cover what the DCF Modeling Course teaches, who it's built for, what tools you'll need, and how the certification works.

What is a DCF modeling course and why is it important?

The DCF modeling course covers the vital concept of the valuation series that focuses on cash flow analysis. It is a training tool to help you learn how to measure the value of the business compared to its ongoing worth in the market. Large organizations and businesses use the DCF model as a metric to evaluate investments based on dividends and capital accessed. However, it can later help in determining the worth of portfolio investments as well.

How does this DCF modeling course differ from others?

There are multiple programs available in the market that cover the DCF modeling course with certification. However, there is something more for you to achieve when this course is offered by us. With our course, you can learn to evaluate investments and value business. In addition, you also receive a set of downloadable resources, unlimited access to the course content, 24/7 support service, free mock tests, practical examples, and much more.

Can I expect certification upon completing the DCF modeling course?

Definitely, you will receive a certfiicate for completing the course. However, you need to pass the DCF modeling certification exam usually taken at the end of the DCF courses online. It helps justify your knowledge on the core subject. There are around 50 questions with a multiple choice selection. If you pass it, you will receive certification of completion. However, in the event of failure, you can apply for a second attempt too.

What makes this the best DCF modeling course available?

Among all similar courses available online, this DCF model training course is the best to learn about business valuation in detail. With our high-class, experienced instructors, you learn how to model a company’s financials from scratch and become capable of determining the correct value of the business. You explore concepts like CAPM, WACC, and terminal value, and even learn to give buy and sell recommendations on investments as well. Also, with our financial modeling course, upgrade your skillset to another level.

Is there an online option for the DCF modeling course?

The good news is that this course is designed for the online mode. In fact, you can watch the tutorials at your own pace. Our instructors follow a simplified method to deliver knowledgeable content relevant to this real world. In addition, the course material is accessible in any corner of the globe. If you have any doubts or queries about any module, feel free to post the queries directly to us via email.

Does this DCF modeling course offer certification upon completion?

For sure, you will receive a certificate upon completion of this modeling and valuation program once you clear the DCF modeling exam. When you complete the first part, you can proceed to the final assessment test. Likewise, when you finish and clear the final DCF modeling exam, you will receive the certificate of completion for the course.

Can I learn DCF modeling through an online course?

Yes, you can. In fact, we offer full-fledged online program on the subject. The only thing to check is the quality of the content shared. And when it comes to WallStreetMojo, we assure you of that. With the network of worldwide experienced DCF modeling professionals, you can receive high-quality DCF modeling training material with this course. Additionally, you can presume and continue your learning experience with pre-recorded modules as well.

What topics are covered in the DCF modeling online course?

The DCF modeling course outline has an in-depth curriculum that includes different valuation techniques. It comprises a dividend discount model (DDM), discounted cash flow model, terminal value, and calculation of enterprise value as well. Other topics include the computation of weighted average cost of capital (WACC), cost of equity, cost of debt, free cash flow (FCF), free cash flow to equity (FCFF), buy or sell recommendation, and more.

Can I expect a comprehensive curriculum in this DCF modeling training program?

In the DCF modeling course provided, expect a detailed explaination of each valuation method. It includes the dividend discount model, discounted cash flow model, Free cash flow to equity (FCFE) and Free cash flow to firm (FCFF) concepts as well. Plus, you can employ sensitivity analysis with Excel calculations of real-time case studies. Nonetheless, also learn to make buy and sell recommendations on investments.

How does discounted cash flow modeling fit into the course?

Discounted cash flow modeling is an essential component of the valuation series. Since it provides a detailed approach to proceed toward cash flows, it is feasible to value the company effectively. It considers both the forecast period and terminal value within the calculation. Hence, it is easy for the analyst to derive the enterprise's (company’s) real value compared to its current price trending in the market.

What career paths can I pursue after completing this DCF modeling course?

DCF modeling career path brings to you a wide range of opportunities for you once you successfully complete the course. Be it an investment banker, valuation analyst, valuation manager, financial analyst, equity research analyst, director valuation, private equity analyst, research associate, credit analyst, risk analyst, and financial planning & analyst (FP&A), you can try becoming any of these based on your aptitude and knowledge. Alternatively, you can also act as a CEO (chief executive officer), M&A (merger and acquisition) analyst or partner in any organization, given you have significant years of experience.

Is there a training program specifically focused on DCF modeling?

Yes, our training program is designed specifically to cover the subject of DCF modeling. It covers maximum core topics like FCFF, FCFE, cost of capital like debt and equity, terminal value, enterprise value, dividend discount model, and more. Additionally, you can also take other courses as well. Such courses include Chartered Finance Institute (CFA), The Institute of Chartered Accountants of India (ICIA), the International Institute of Business Valuers (IIBV), the Academy of Certified Valuators and Analysts (ACVA), ICSI Registered Valuers Organisation (ICSI RVO), and others. Thus, enrolling in this course or the other courses we offer will ultimately benefit you in your professional aspect as well.

What value does DCF modeling certification add to my career?

This DCF modeling course covers two different topics in just one set. It means you not only learn to forecast the dividend growth of a company but also analyze whether the present company’s valuation is accurate or not. Plus, you get a real-time example of a fast food chain, and learn how to model the prospects of the company. So, next time, when you are told to value the investments made in projects or analyze the financial performance, this course will have already prepared you for it.

Are there any job opportunities for DCF modeling professionals?

There are multiple career options that DCF valuation skills bring along apart from the professions discussed above. It includes valuation analyst, notional valuation analyst, valuation associate, and transactional valuation analyst. A minor difference between these careers lies in the work associated with it. For example, a notional valuation analyst may value the company on a regular basis, and not during M&A. Likewise, transactional valuation analysts are most likely attached to acquisition deals.

Will this course provide both DCF modeling training and certification?

Yes. This course provides you with both DCF model training and certification. There are mock tests provided after each module that contribute to the course progress. Once the modules end, you receive a final assessment test that has two attempts in total. If the passing criteria is not met, you will fail the exam and hence, not receive the certificate of completion. However, if you fail in one attempt, but clear the same in the next one, you will be awarded a certificate.

What is the cost of obtaining DCF modeling certification?

Usually, the DCF modeling certification cost is the overall amount that you will have to pay to enrol in it. This means, there are no hidden or additional charges that you would be required to pay to pursue the course. And if you’re lucky enough, you may also see a discount code that may reduce it by even 50% to 60% sometimes. With this payment, you can access the content for a year and enjoy our valuable content on DCF modeling training and downloadble Excel templates as well. Plus, if you wish to explore more, our blog section will lead you through an ocean of immensely valuable articles and blogs.

Is there an exam associated with the DCF modeling certification?

For sure, a final assessment is added at the end of the DCF course online for testing your knowledge gained until now. It includes mock tests after modules and a final assessment at the end. For the latter, there can be around 50 questions with a multiple-choice selection. It means every question will have four options and one correct answer. If you clear it, you will receive certification of completion. However, in the event of failure, you can apply for a second attempt.

What are the prerequisites for DCF modeling certification?

There are certain DCF modeling certification requirements necessary before enrolling for this course. It includes having basic accounting or finance knowledge, Excel skills, better internet connection, a laptop or computer device, familiarity with financial markets, and information on company reports. Without the basics, it is not feasible to understand the modeling and valuation performed.

How long does the DCF modeling course last?

Precisely, the DCF modeling duration is of more than 10 hours on a usual basis. It means, each module has a predefined time limit that explains each concept in detail. For instance, the major time is consumed by discounted cash flow model and other topics. By the end of DCF modeling duration, you will receive a certificate of completion, too.

What are the fees for enrolling in the DCF modeling course?

The DCF modeling course fees involves the cost of the course alone. If a discount code is applicable, however, you may use it. This costing includes equal weightage of each topic explained in this course. For instance, all seven module topics have a varying cost, which takes the total cost to the ultimate amount in our fee structure. Any discount prevailing does reduce the cost, but the DCF modeling certification value remains the same.

Can I see the course outline for the DCF modeling curriculum?

Yes, you can see the course outline on this landing page. You can view the contents of the DCF modeling curriculum that has several topics like the dividend discount model, the discounted cash flow model, terminal value, free cash flow to equity (FCFE), free cash flow to firm (FCFF), CAPM, weighted average cost of capital (WACC), and others. Also, if you wish to explore more, you can expand the topic by clicking on the plus (+) sign.

Is there flexibility in the duration of the DCF modeling course?

Definitely, you do have maximum flexibility through this DCF Modeling Course. Specially designed for those interested in learning to evaluate a company’s financial health to to help clients make wiser decisions on mergers and acquisitions. You have access to these pre-recorded modules given the tight schedules that you might be stuck in. Through our course, you can begin or resume and continue your learning experience from any part of this globe at any time without any hassle.

What are the eligibility requirements for the DCF modeling course?

To get enrolled in the course, there are certain or bare minimum DCF modeling eligibility criteria needed. It includes having basic knowledge of some finance terms, stock markets, and companies. Also, one must know how to handle Excel software and TradingView as well. Additionally, one must also have a good internet connection and device to access these modules.

How can I prepare effectively for the DCF modeling exam?

In each of the following attempts, there will be a passing criteria.. If you do not meet that, you will fail the exam and, hence, not receive the certificate of completion. However, if you fail in one attempt but pass in the second one, you are still eligible for certification. In addition, you should also complete the assessment tests given after each module. They also contribute to the valuation exam.

What is the average salary for DCF modeling professionals?

The salary of DCF modeling jobs vary depending on the valuation jobs and expertise held. At the entry, intermediate, and senior positions, the valuation career path follows a pyramid structure from low to higher levels. For example, the average DCF modeling salary of a financial analyst is $66,465 per year. However, for an equity analyst, the range is high to $109,138 annually.

What training materials are provided in the DCF modeling course?

As a beloved member of the WSM community, you can always contact our support cell for any queries via email. Also, there are multiple blogs and courses made available for each topic, even financial modeling and valuation. You can even visit our YouTube channel for better clarity on topics. Additionally, you can navigate to the guides containing every prospect, like salary, eligibility, jobs, modeling methods, career paths, books, and more.

Are there any prerequisites for enrolling in the DCF modeling course?

Every course does require some prerequisites (requirements) before for enrolling for this course. It includes having basic accounting or finance knowledge, Excel skills, a better internet connection, a laptop or computer device, familiarity with financial markets, and information on company reports. Additionally, you must also know how to navigate dividends and other company data on trading platforms as well.

Can I expect support after completing the DCF modeling training?

Yes, definitely, you always have the option to reach out to the support team and get your doubts cleared from us. You can contact us directly via mail. We strive to provide you with the best service and let you with no more confusion about what you learned!

How does DCF modeling training prepare me for real-world scenarios?

This course on DCF modeling has multiple case studies and real-time examples included in the curriculum. You simultaneously learn to forecast the future growth of a company but also analyze precisely whether the present company’s valuation is accurate or not. Plus, you get equipped with a real-time example of a fast food chain and learn how to model the prospects of the company like dividend and cash flows, too.

Are there any success stories from previous DCF modeling course participants?

Yes, we do have testimonials of various course participants who have immensely benefited from this course. Most of them include investment manager, financial analyst, financial professional, and many others. With the various courses taken, they have found our course very comprehensive and practical to the current trends. Additionally, they could practically apply the concept in their work as well.

Still could not find your answer?

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Valuation Basics First. DCF Modeling Next. Analyst-Ready Always.

From your first Dividend Discount Model to a fully built DCF valuation with WACC and terminal value - the complete DCF Modeling Course path, in Excel, with a real case study and a certificate to prove it.

DCF Modeling Course
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