The report consists in the valuation of a stock and an investment recommendation. The focus of the analysis is to evaluate the performance of a company, compare the performance to a set of peers and to estimate the value of the firm’s stock by relative valuation.
The report should contain maximum of 2 pages for the write-up and the supporting tables and graphs. The report must be submitted in hard copy, along with a hard copy of your excel work. Make sure that you document your work.
Your report should contain the following information:
• Company name
• Ticker symbol
• Sector
• Recommendation (buy/sell/hold) and its rationale
• Current price (as of __date) • Price history • Target price (% increase/decrease)
• Financial statements (2 past years and next year pro forma)
• Table of comparables and relevant information. As an example, you can use the information under Related Companies on Google Finance, e.g. [login to view URL]
The table of comparables should enable the reader of the report to do the relative valuation. For instance, if you use P/E as a multiple, you should report the Market Cap, the estimated Net Income and the P/E of each company. It would be helpful to report the mean or median P/E as well. Find the 4A5 companies that compare best to your target. To complete this table, you may share the next year estimated Sales/Earnings/EBITDA with your teams.
The content of the report should support your valuation and recommendation. At a minimum, your write-up should contain the following sections:
• Business Description
• Industry Overview and Competitive Positioning
• Valuation
• Any new developments that may influence the valuation
Your report will be evaluated on the following criteria:
• Rationale of the recommendation: Does the data support the recommendation? Are the different parts of the report consistent with each other?
• Valuation: Pro forma financials – assumptions and limitations, choice of comparables and multiples.
• Clear, concise and correct writing.
In evaluating your report, I will take into account that this is your first company report. As I mentioned in class, there is no right or wrong answer, but your numbers should support your comments. If something does not work, you may make some comments on a separate sheet of paper. The next page, taken from a presentation by professor Simon Benninga, may also give some guidance.
I might not be the cheapest here, but remember you get what you pay for. The good thing with freelancer.com is the fact that you get the opportunity to deal with the writer. I will not resell neither outsource your project; thus guaranteeing you quality papers on time.
So, you have come to the end of term and realized that you do not have the time to write your final dissertation or essay. Thats where Anacris comes to your rescue. We will provide you with an authentic, well researched and fully referenced assignment to get you the grade that you deserve.
Intelligent, Experienced,Quality, recently joined freelancer, have excellent writing and grammar skills. With past employers, I have written many objective reports, articles, reviews and data input.
I am 100% committed to deadlines, and have an acute eye for detail.
I look forward to working with you.