How to perform a DCF? The Italian Sea Group & Sanlorenzo models
How to perform a DCF Valuation with details step by step Including The Italian Sea Group and Sanlorenzo full models
Education
This Education section within MORAM Capital aims to address some of the questions raised by readers while also writing in a didactic way about topics we find relevant and useful for anyone interested in continuing to learn about the financial world.
We are not educators, nor do we plan to become it. It’s simply the fact that in this team, we’ve been fortunate to start from the bottom in the financial world and gradually progress. There are topics and situations that we find interesting (and entertaining to explain from a practical perspective).
We group these educational publications into four major categories:
Company Valuations: We explain the different methods of valuing companies, when to use each one, and provide templates for tracking them.
CFA Applied: After dedicating many hours to the CFA, we identify relevant parts of it and apply them to the markets to make seemingly complex concepts easy and useful to understand.
Industry Guides: As a result of our sector study and analysis, we create a practical guide to explain industries in a simple way for those unfamiliar with them.
Asset Allocation: The world extends beyond equity and the stock market. We believe it’s important to understand the different types of assets since each can play a crucial role from an investment perspective depending on the economic cycle. In this section, we aim to explain them.
Valuation series
The US Restaurant industry (Educational – Valuations)
In our second publication of the valuation series we analyse in detail the US Restaurant industry. Process step-step from 34 companies to 4
Educational: Valuation Methods
First publication of the valuation series where we explore different type of valuation methods (Discount Cash Flow, Comparable, Liquidation, Transaction SOTP,..) and focus on when to use one or the other
CFA applied to Markets
Market Outlook & Asset Allocation
In this article, we want to assess the market situation, think about its outlook and identify areas where asset allocation may make sense
How to read from financial statements when a company has investments in other companies?
Article where we explain with practical examples the 3 ways a company can report its investments in other companies: equity method…
Strategies with options
A brief explanation of how options work and a couple of ideas on how to apply them in the current market situation.
Capital structures, related concepts and applied examples
Article about capital structures, analysing them, related concepts and applying examples of companies in our universe
Explanations on how expecific sectors work
Guide to the yacht & Superyacht industry
Guide to the yacht industry. Different players (manufacturers, dealers, brokers), segments ( >50m, 20-50m, smaller,..). We teach the specifics for analyzing each type of company and examine the current situation of the companies
Guide to the LNG market
The LNG industry explained: Main countries (exports & imports), a list of regasification and liquefaction assets, and all LNG Carriers…
The natural gas industry explained
Natural gas industry explained talks about the current situation of the natural gas market, the economics of the industry, basic concepts…
Asset Allocation
Why invest in Fixed Income?
Introduction to Fixed Income Fixed income investments play a vital role in a well-diversified portfolio, offering regular income, stability, and lower risk compared to equities.
Investing in Real Estate
Learn the different ways to invest in Real Estate, including REITs, ETFs, direct ownership and crowdfunding
What are Alternative Investments?
Alternative Investments include hedge funds, Private Equity, Venture Capital or Arts among others. This article explain investment strategies
Asset Allocation
Asset allocation is a critical part of the investment process as it helps investors to manage their risk exposure when looking for returns. Specifically,
