Unlock Capex Insights: Building Powerful Depreciation Waterfalls

  • Author:
    Geoff Robinson
  • Level: 
    Intermediate to advanced
  • Study time:
    1-2 hours
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Course overview
Want to level up your financial modeling? Learn how to build a powerful Depreciation Waterfall in Excel that brings clarity to your capital expenditure analysis. This comprehensive guide breaks down how to track and forecast both investment and maintenance capex over time, giving you unprecedented insight into asset management strategies. Follow along to master this essential tool that helps you answer critical questions about sustainable growth rates, capital intensity, and maintenance requirements. Perfect for analysts and investment professionals who need to build robust, defendable investment theses through detailed capital allocation analysis.

Available as part of our Premium and Premium Plus subscription tiers.

What's included?

  • 5 videos
  • Step-by-step analysis of how to build a depreciation waterfal
  • Insights from a #1 ranked data-driven analyst

Who should watch this playlist? 

This playlist is designed for financial analysts and investment professionals who need to move beyond basic depreciation modeling. If you're evaluating capital-intensive businesses and want to build more sophisticated, defendable models that clearly separate investment from maintenance capex, this guide is for you. Perfect for those with basic Excel skills who want to strengthen their investment theses with detailed capital allocation analysis.

Why TheInvestmentAnalyst.com?

We are the only training house that is able to bring top-ranked analyst experience into your classroom. We buck the trend. Most training businesses recruit junior ex-bankers to become their trainer. Our instructors cut their teeth teaching and then gain senior experience with investment banks.

We believe, you could not be in better hands.

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Geoff Robinson
FCA FMVA MFM

Thought leader, instructor, writer, financial influencer, Former UBS Managing Director and 8x #1 ranked analysts EMEA Institutional Investor Survey
ABOUT Geoff
Geoff has had a varied career. He was a Managing Director within UBS Equity Research, leading their Global Fundamental Analytics franchise. During this time, he was #1, ranked 9x in the EMEA Institutional Investor Survey. Before UBS, he was a material equity investor and LBO co-investor in two market exited training consultancies. Geoff has a passion for learning and is well-known for his ability to break down complex subject matter and distil it to an audience in a digestible and engaging manner. He brings this passion to TheInvestmentAnalyst.com. 
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