Insights

Financial Modeling, Valuation & Corporate Finance

Practical notes on financial modeling, business valuation, corporate finance and financial analysis — for founders, finance teams and investors working in or with Kazakhstan.

Financial Modeling

Financial Modeling for Bank Financing

What changes in a financial model once its purpose shifts from internal planning to supporting a lender's credit decision.

June 2, 2026 · 7 min read

How to Build a 3-Statement Financial Model

The structure, sequencing and checks behind an integrated P&L, balance sheet and cash flow model that actually balances.

May 18, 2026 · 8 min read

Valuation

Business Valuation Methods for Private Companies

How DCF, comparable company multiples and precedent transactions are actually combined when valuing a private company.

July 30, 2026 · 8 min read

DCF Valuation: A Practical Guide

Forecasting free cash flow, choosing a discount rate and handling terminal value without letting it dominate the answer.

June 22, 2026 · 9 min read

Financial Analysis

How to Analyze a Company's Cash Flow

A structured way to read operating, investing and financing cash flow — and what the patterns between them actually indicate.

July 5, 2026 · 7 min read

Business Finance

How Working Capital Affects Cash Flow

How changes in receivables, payables and inventory quietly drive the gap between a healthy P&L and a tight cash position.

August 8, 2026 · 6 min read

Kazakhstan Finance

Financial Analyst in Kazakhstan: What Businesses Actually Need

What Kazakhstani businesses and international companies operating in Kazakhstan typically need from financial analysis work in practice.

July 20, 2026 · 6 min read