Home of 'Circular'  & 'Noncircular' DCF Valuation

It's time to rewrite all the finance texts.

Noncircular DCF is the 'new sheriff in town.'

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Newly published 'Advanced DCF Valuation Using R' textbook is

'Ranked #1' on Amazon

  • Hot New Releases (Valuation







-- 100% FREE --

THOUSANDS of Lines of

Open-source DCF Valuation Text

'R Code'

(Complete fully documented version w/ ALL 'text assets') 

Companion code to newly published DCF book

'Advanced Discounted Cash Flow (DCF) Valuation Using R' Textbook

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Become your firm's DCF Subject Matter Expert (SME)!

  • Boost your career
  • Set yourself ahead of the pack
  • No longer violate the 'value-additivity' rule by incorrectly using a 'constant WACC' for everything
  • You absolutely did not learn this DCF material in 'corporate finance' class
  • Completely understand and utilize both 'circular' & 'noncircular' DCF valuation approaches.
  • $9.99 = 800+ pages (R code included)
Purchase at Amazon - Only $9.99

Never heard of 'Noncircular DCF Valuation?'  

Welcome to the club.

Are you aware 8th grade math dictates the discounting of FCFF @  WACC must incorporate iterative,  'circular' calculations in order to preserve the 'value-additivity' rule?'  

Let's face it.  Practically no one performs 'circular' DCF analysis.  Many are completely unaware these circular DCF calculations are even required.  The result is 'model error' and 'biased DCF valuations.'

Now there is a solution.  'Noncircular WACC' (LEEWACC) provides the exact same DCF valuation solution as required by circular calculations - without any circular calculations at all.

Written by a DCF practitioner for DCF  practitioners.

There is absolutely no other DCF valuation book like it on the market.  

Thousands of hours of experience and research + Thousands of lines of fully documented 'R Code'

- all for a lousy $9.99.

You absolutely did not learn what's inside these pages sitting in your 'corporate finance' class.

Stop violating the 'value-additivity' rule using a 20th century 'constant WACC' for all your DCF analyses.


Purchase at Amazon - Only $9.99

"This is the DCF text I wish I had in my possession when I first learned valuation."


Brian K. Lee, MBA, PRM, CMA, CFA

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