Loading Scene

Core Belief
Every financial model should be a single, reactive system.

Change one assumption. Watch it propagate through Cash Flow, Balance Sheet, Free Cash Flow, and DCF — all the way to implied share price — in under 50 ms.


4Layer 4 of 7

FCFF & Free Cash Flow

The number that drives every DCF — derived rigorously from the operating model, not estimated by shortcuts.

modelforge — fcff_bridge.out · NVDA
Revenue
$60,922
EBIT
53.0% EBIT margin
$0
× (1 – Tax Rate)
$0
NOPAT
Net operating profit after tax
$0
+ Depreciation & Amortisation
Non-cash add-back from PP&E roll
$0
– ΔNet Working Capital
DSO / DPO / DIO movements
$0
– Capital Expenditure
Maintenance + growth capex, net
$0
Free Cash Flow to Firm
Unlevered FCF — ready to discount
$0
FCF Yield3.1%
FCF / Revenue37.8%
FCF CAGR (5yr)+22%

Free Cash Flow to the Firm is derived rigorously from the operating model. EBIT flows to NOPAT, net of the tax shield. D&A adds back. Changes in net working capital and capex net out. The result is an auditable, driver-linked FCFF stream — ready for discounting.

Formula
FCFF = EBIT × (1–t) + D&A – ΔNWC – Capex
Unlevered · Pre-debt · Discounted at WACC
How ModelForge builds it
NOPAT: EBIT × (1 – effective tax rate)
D&A add-back from live PP&E roll-forward
NWC change: linked to DSO / DPO / DIO assumptions
Capex: maintenance vs. growth, net of disposals
IFRS 16 / ASC 842 operating lease optionality
Key outputs
5–10 year FCFF projection
Unlevered free cash flow bridge
Capex intensity ratio

Models

Everything You Need. Nothing You Don't.

From three-statement fundamentals to Monte Carlo stress tests and M&A models. One platform, zero spreadsheet chaos.

01
Foundation

3-Statement Model

IS, CF, BS — fully linked with cash plug, retained earnings, and non-controlling interest.

02
Core

DCF Valuation

WACC via CAPM, FCFF projections, Gordon Growth terminal value, sensitivity tables.

03
Analysis

Scenarios Engine

Named scenarios with Bear/Base/Bull presets, side-by-side comparison, waterfall charts.

04
Risk

Monte Carlo

10,000 simulation paths randomising WACC, growth, margins. P10/P50/P90 confidence bands.

05
Advanced

LBO Model

Leveraged buyout with debt schedule, IRR waterfall, MOIC, and exit multiple sensitivity.

06
Advanced

M&A Merger Model

Acquirer + target accretion/dilution analysis with goodwill and pro forma EPS impact.

07
Advanced

Options Pricing

Black-Scholes and Binomial lattice for derivative valuation and implied volatility.

08
Advanced

DDM & SOTP

Multi-stage dividend discount model and sum-of-the-parts with segment-level multiples.


Model Library

Historical Data in Seconds

Search any public company worldwide — load 5+ years of Income Statement, Balance Sheet, and Cash Flow data directly into your model. Powered by Yahoo Finance with automatic balance-sheet plug.

Auto-populate IS, BS, CF from any global ticker symbol
Normalize data into ModelForge format instantly
Override any cell — your assumptions, your model
Prometheus — AI Library AgentCOMING SOON

Ask in plain English — Prometheus searches the library, pulls the right ticker, and populates your entire model automatically.

Search companies by name or ticker...
NVDA
NVIDIA Corporation
Semiconductors·$2.8T
AAPL
Apple Inc.
Consumer Electronics·$3.4T
MSFT
Microsoft Corporation
Software·$3.1T
GOOG
Alphabet Inc.
Internet Services·$2.1T
AMZN
Amazon.com Inc.
E-Commerce·$1.9T
Any public company worldwide — powered by Yahoo Finance

Audience

Built For People Who Move Markets

Whether you're valuing a startup or modelling a $50B acquisition, ModelForge scales to your level of complexity.

Equity Research Analysts

Build coverage-universe models in hours, not weeks. Auto-linked statements mean no more broken formulas.

Investment Banks

Pitch-ready LBO, M&A, and DCF models that export to Excel with one click. Audit trail built in.

Hedge Funds & PE

Monte Carlo stress tests and scenario analysis for every position. Quantify tail risk before you deploy capital.

Corporate Finance

Strategic planning with driver-based forecasts. See how CapEx, headcount, and margin assumptions cascade through the P&L.

Students & Academics

Learn financial modelling on a real platform — not a static tutorial. ModelForge is free for .edu accounts.


About

The Platform We Wished Existed

Built by analysts, for analysts. ModelForge exists because financial modelling deserves better tools.

“Every financial model should be a single, reactive system.

The Problem

Financial modelling today is fragmented. Analysts spend more time debugging broken cell references, reconciling mismatched sheets, and copy-pasting between disconnected workbooks than actually thinking about the business. A single broken link in a 3-statement model can cascade into a mispriced deal, a flawed pitch, or a missed investment.

Our Vision

ModelForge is built on a simple conviction: every model should be a single, reactive system — where changing one assumption in the Income Statement instantly propagates through Cash Flow, Balance Sheet, Free Cash Flow, DCF valuation, scenarios, and Monte Carlo simulations, all the way to implied share price.

What We Believe

One Source of Truth

Every metric — implied price, WACC, EV, IRR — derives from a single set of auditable assumptions. Change once, update everywhere.

Institutional Quality, Zero Friction

The rigour of a bulge-bracket model book with the speed of a modern web application. No installation, no VBA, no version conflicts.

Transparent by Default

Every calculation is visible and auditable. WACC decomposition, FCF bridge, sensitivity tables — nothing is hidden in a black box.

Built for Scale

From a single-name DCF to a 10-scenario, multi-company comparison with Monte Carlo overlays — handles micro-cap to mega-cap alike.

Always Shipping

ModelForge ships weekly. Yahoo Finance data layer, AI-suggested assumptions, collaborative workspaces, and model version control — all live or in the pipeline.

ModelForge is the platform we're building for ourselves — and for every analyst who deserves better tools.

If you believe financial modelling should be reactive, auditable, and fast — join us.

Join the Beta →

Roadmap

What's Coming Next

ModelForge ships weekly. The intelligent quant operating system — built for professionals.

LIVE NOW

3-Statement Model

IS, CF, BS with full cash-plug linkage and NCI support

DCF + Sensitivity

WACC, FCFF, Gordon Growth, IRR, ARR, payback period

Monte Carlo Engine

10,000 paths with P10/P90 and sensitivity tornado

Scenario Analysis

Bear/Base/Bull with waterfall chart and assumption diff

Model Library

NEW

Auto-populate 10yr IS/BS/CF from any global ticker — powered by Yahoo Finance with automatic balance-sheet plug

AI Assumption Copilot

Claude-powered suggestions for growth, margins, and betas

Model Connection Engine

Reactive DAG propagating changes across all linked models

AI AGENT LAYER
BUILDING

Prometheus + Hades — The Intelligent Quant OS

Two specialised agents working in concert. Prometheus handles conversation, library lookup, and model population. Hades silently executes heavy quant math across 20 models. Both respect The Key as the single source of truth. Self-hosted on Ollama — your data never leaves your machine.

Prometheus — AI Model Builder

AI

Conversational agent: searches the library, populates The Key, runs the pyramid, and explains outputs in plain English. Human-in-the-loop at every step.

Hades — Quant Specialist

AI

Silent quant execution engine: handles stochastic models, market microstructure, portfolio construction, entropy analysis, and regime detection — on demand.

Collaborative Workspaces

BUILDING

Real-time multiplayer editing with role-based permissions

Excel Import/Export

BUILDING

Full-fidelity bi-directional Excel workbook sync

QUANT MODEL LIBRARY — 20 MODELS
PLANNED

Heston Stochastic Volatility

PLANNED

Mean-reverting variance process, calibration to IV surface, and closed-form option pricing under stochastic vol

Doubly Stochastic / Cox Process

PLANNED

Intensity-driven jump model for credit default and rare event simulation with stochastic arrival rates

Hidden Markov Regime Detection

PLANNED

Unsupervised regime classification (bull/bear/crash) with Viterbi decoding and transition probability matrices

Avellaneda-Stoikov Market Making

PLANNED

Optimal bid-ask spread derivation with inventory risk, adverse selection penalties, and urgency control

Statistical Arbitrage

PLANNED

Cointegration scanner, z-score signals, half-life decay via Ornstein-Uhlenbeck calibration, and regime-aware pair selection

Ergodicity Economics

PLANNED

Time-average vs ensemble-average analysis; Kelly criterion derivation; multiplicative growth path simulation

Hierarchical Risk Parity (HRP)

PLANNED

Lopez de Prado's tree-based portfolio construction — no matrix inversion required, stable under correlated assets

Shannon Entropy + Information Ratio

PLANNED

Market efficiency measurement, signal-to-noise decomposition, and entropy-based concentration analysis

GAN Price Path Generation

PLANNED

Generative adversarial network for synthetic OHLCV simulation, distribution matching, and stress scenario generation

Hawkes Process Microstructure

PLANNED

Self-exciting order flow simulation, cross-asset contagion modelling, calibration, and trade impact estimation

Potts Model (Spin Systems)

PLANNED

Multi-state lattice model for correlated asset clustering, phase transitions, and collective market behaviour

All-Paths Coverage

PLANNED

Graph-theoretic path enumeration over financial networks for contagion stress testing and systemic risk scoring

3D Yield Curve + IV Surface

PLANNED

Nelson-Siegel-Svensson yield construction + SABR implied volatility surface explorer with arbitrage-free interpolation

Omori Law (Aftershock Decay)

PLANNED

Power-law volatility decay model after market shocks — calibration, forecast, and recovery timeline estimation

Wasserstein / Sinkhorn Distance

PLANNED

Optimal transport metric for distribution comparison, portfolio divergence analysis, and robust moment matching

Singular Spectrum Analysis (SSA)

PLANNED

Non-parametric time-series decomposition into trend, oscillatory, and noise components — no model assumptions required

Lempel-Ziv Complexity

PLANNED

Algorithmic entropy of price sequences for market efficiency testing, regime change detection, and predictability scoring

Ornstein-Uhlenbeck Probability Cloud

PLANNED

Mean-reversion speed calibration, entry/exit signal generation, and full price path simulation with confidence bands

Signal vs Noise Decomposition

PLANNED

Marchenko-Pastur random matrix filtering to isolate genuine co-movement from pure noise in correlation matrices

Sandpile / Self-Organised Criticality

PLANNED

Scale-free cascade model for tail-risk quantification, systemic fragility scoring, and avalanche size distribution


Feedback

Help Us Build Something Better

Vote on the features that matter most to you, or tell us what's missing. Every vote shapes the roadmap.

More Model Templates

LBO, M&A comps, credit analysis, and industry-specific starters

Excel Import / Export

Full-fidelity bi-directional sync with .xlsx workbooks

Team Collaboration

Real-time co-editing, comments, and role-based permissions

Have something else in mind?


Get Started

Ready to Build Your First Model?

Join the beta today. No credit card required. Start with a blank project or load 10 years of historical data in seconds.