Articles
170 original finance lessons from basics to advanced regimes.
170 original RegimeForge articles cover standard financial-management concepts with examples, real-life identification, and a dedicated quiz for every article.
Curriculum Library
Detailed concepts, examples, and quizzes.
Dividend Discount Model
Advanced RegimeForge lesson on Dividend Discount Model focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Total payout = dividends + share repurchases; sustainable payout should be checked against free cash flow. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid treating every buyback or high yield as shareholder-friendly, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedEnterprise Value Multiples
Advanced RegimeForge lesson on Enterprise Value Multiples focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Enterprise value multiple = enterprise value / EBITDA, revenue, sales, or another relevant business base. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid calling a stock cheap because one multiple is below peers without checking quality differences, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedFree Cash Flow to Equity
Advanced RegimeForge lesson on Free Cash Flow to Equity focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use FCFE = FCFF - after-tax interest + net borrowing, or cash flow available after debt claims and reinvestment. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid treating debt-funded cash as sustainable equity cash flow, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedFree Cash Flow to Firm
Advanced RegimeForge lesson on Free Cash Flow to Firm focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use FCFF = EBIT x (1 - tax rate) + depreciation - capital expenditure - change in working capital. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid using earnings as a valuation cash flow without adjusting for reinvestment, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedIntrinsic Value
Advanced RegimeForge lesson on Intrinsic Value focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Enterprise value = present value of free cash flow to firm plus present value of terminal value. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid presenting one exact value instead of a range tied to assumptions and evidence, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedMargin of Safety
Advanced RegimeForge lesson on Margin of Safety focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Enterprise value = present value of free cash flow to firm plus present value of terminal value. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid presenting one exact value instead of a range tied to assumptions and evidence, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedRelative Valuation
Advanced RegimeForge lesson on Relative Valuation focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Enterprise value multiple = enterprise value / EBITDA, revenue, sales, or another relevant business base. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid calling a stock cheap because one multiple is below peers without checking quality differences, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedTerminal Value
Advanced RegimeForge lesson on Terminal Value focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Terminal value = final forecast cash flow x (1 + stable growth) / (discount rate - stable growth). as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid hiding most of the valuation inside an optimistic terminal assumption, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedValuation During Regime Shifts
Advanced RegimeForge lesson on Valuation During Regime Shifts focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Regime signal = realized volatility + implied volatility + drawdown + liquidity + trend persistence. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid treating one noisy price move as a complete regime change, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.
Valuation / AdvancedValuation Sensitivity
Advanced RegimeForge lesson on Valuation Sensitivity focused on converting business expectations into a value range while making assumptions visible and testable. Students learn to use Enterprise value = present value of free cash flow to firm plus present value of terminal value. as a framework, read evidence such as free cash flow, growth rate, terminal value, and discount rate, avoid presenting one exact value instead of a range tied to assumptions and evidence, and identify the concept through statements, filings, market dashboards, operating behavior, and regime shifts.