Equity Research case studies, worked step by step

Cases
100
Traced to a firm
30
Topics
12
Hard
30
Topic
All topicsStock pitch15Earnings and results9Forecasting and modelling10DCF and intrinsic value9Relative valuation7Financials6Sector economics9Forensic accounting9Industry structure and moats7Macro and commodity sensitivity7Capital allocation and corporate actions7Buy-side portfolio judgement5
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 21–30 of 35 · filtered from 100Clear filters
  1. 066Run a reverse DCF on Elvora Specialty Retail: what free cash flow growth does its market value price in, and can the store rollout deliver it?DCF and intrinsic valueCoreBuy-side equity researchHedge fund long/short
  2. 067Sorvani Tech trades at 25x earnings with 14% growth and a 35% ROIC; Delkora Systems at 18x with 7% growth and a 25% ROIC. Which is cheaper once growth and returns are both counted?Relative valuationCoreSell-side equity researchIndian brokerage research
  3. 068The policy rate is cut 50 bp. At Dhanvela Small Finance Bank 70% of loans reprice at once while term deposits reprice over a year. What happens to net interest margin over the next four quarters?FinancialsCoreSell-side equity researchIndian brokerage research
  4. 069A Pindora QSR restaurant does average daily sales of Rs 1.2 lakh at an 18% four-wall margin and costs Rs 2.5 crore to fit out. What are the store economics, and how sensitive are they to daily sales?Sector economicsCoreSell-side equity researchIndian brokerage research
  5. 070Tanmora Textiles' promoter owns 60% and has pledged 70% of that stake. The lender makes a margin call if the share falls 30%. What is the risk to minority shareholders?Forensic accountingCoreHedge fund long/shortSell-side equity research
  6. 078Build next year's revenue for a quick commerce company growing from 400 to 700 dark stores, where each new store takes six months to reach 1,500 orders a day.Forecasting and modellingCoreSell-side equity researchIndian brokerage research
  7. 080A cement company looks cheap on P/E against its peers but trades in line with them on EV/EBITDA, and it carries net debt of three times EBITDA. Which multiple should you trust, and why?Relative valuationCoreSell-side equity researchBuy-side equity research
  8. 082An IT services company with USD 500 million of revenue wins a USD 300 million five-year deal that ramps over 12 months at a margin 6 points below its average. What does it do to growth and margin next year?Sector economicsCoreSell-side equity researchIndian brokerage research
  9. 087A retailer that is a 3% position falls 18% in a day on one quarter's same-store sales miss, 2% against 7% expected. Do you add, hold or cut, and what evidence decides it?Buy-side portfolio judgementCoreMulti-manager podHedge fund long/short
  10. 089A pharma company cuts growth guidance from 12% to 7%. Your EPS estimate falls from Rs 48 to Rs 43 and the stock drops 15% from Rs 960 to Rs 816. How much of the cut is already priced in?Earnings and resultsCoreSell-side equity researchHedge fund long/short

Company names and figures are illustrative.