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Project Finance vs. Corporate Finance: Careers, Recruiting, Financial Modeling, and More

Brian DeChesare

Project Finance Definition: “Project Finance” refers to acquisitions, debt/equity financings, and new developments of capital-intensive infrastructure assets that provide essential utilities and services. the value of the target company’s core business operations in the deal). an equity IRR of 7% to 13%).

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Oil & Gas Investment Banking: The First Victim of the ESG Cult?

Brian DeChesare

Essentially, the NAV Model is a super-long-term DCF without a Terminal Value. The Terminal Value doesn’t make sense in this vertical because oil and gas resources are finite; you can’t assume that a company will keep producing “forever.”.

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M&A Valuation Methods: Your Essential Guide with 7 Key Methods

Valutico

Since cash flow projections cannot be made indefinitely, a terminal value is often calculated to account for the value of cash flows extending beyond the forecast period. The terminal value can be estimated using the perpetuity growth model or the exit multiple approach.

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Metals & Mining Investment Banking: The Full Guide to Ground Zero for the Energy Transition

Brian DeChesare

New or Tweaked Valuation Methodologies – As in the E&P segment of oil & gas, there’s also a Net Asset Value (NAV) model for mining companies, and it’s set up similarly (essentially, it’s a long-term DCF with no Terminal Value). OK, now to the good news: This situation is starting to change.

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