Questions We Can Help You To Answer

Paper instructions:

This report should show understanding of corporate finance and explores a number of areas within the module by applying your learning to a real company.Remember, this is not a strategy or marketing assignment! 

Required :

Select a company listed on an internationally recognised and well established Stock Exchange (see below for choice of company): 

* Discuss how successful the company has been at delivering value to its shareholders over the past 5 years.  Make sure to use appropriate metrics and benchmarks.

  * Undertake a current valuation of the equity in this company, using the following methods:
– Net Asset Value 
– Price/Earnings Ratio (or other appropriate multiples)
– Discounted Free Cash Flow (including at least 5 years of detailed forecast cash flows and terminal value)  

*  Attempt to reconcile any differences in value that you obtain by using these different methods and state (with reasons) what value you think is correct for the company. 

Choose of company:

Choose a listed company on a recognised stock exchange (e.g. London, New York, Tokyo, Mumbai) for which you can access the share price data over the past 5 years. Large companies will provide financial data on the websites, often under a section titled ‘investors’.  More information on choosing an appropriate company can be found in the formative assessments. 

The report should include: 
- a key point summary of conclusions 
- graphical illustration, where appropriate
- a bibliography of sources of information used and references to texts or other material drawn upon. 
Detailed tables, extracts or copies of financial information, which should include a copy of the relevant financial statements, should be placed in the appendices. You should refer to them in the body of the report.