DCF Modeling Tests

Practice building discounted cash flow models in Excel with realistic, hands-on financial modeling tests.

These DCF modeling tests range from a straightforward DCF to more realistic cases that require you to connect financial statements, forecasts, valuation assumptions, and sensitivity analysis. Choose a case based on your experience level and work through the model yourself.

DCF Modeling Practice Tests

01 Beginner

Simple DCF Model

A straightforward DCF exercise covering the core mechanics of forecasting free cash flow, calculating terminal value, and discounting cash flows to arrive at enterprise value.

Time: 45 min Level: Easy
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02 Intermediate

DCF Model — WebMD

Build a more complete DCF model using historical financials, operating forecasts, valuation assumptions, and sensitivity analysis.

Time: 1 hr Level: Medium
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03 Intermediate

DCF Model — Activision Blizzard

Practice building a DCF from company financials and operating assumptions while connecting the forecast, valuation, and trading comparables into one integrated model.

Time: 1.5 hrs Level: Medium
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04 Advanced

DCF Model — Oracle

An advanced DCF modeling test designed to challenge your ability to build a detailed forecast and valuation model using realistic company financials.

Time: 3 hrs Level: Hard
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Practice DCF Modeling Hands-On

Stop watching tutorials and build the model yourself. Quantus gives you an interactive Excel-like environment to practice financial modeling with instant feedback and hints when you need them.

Explore Financial Modeling Practice