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 1–5 of 5 · filtered from 100Clear filters
  1. 016Value Sarthal Power, a regulated utility, with a dividend discount model: dividend just paid Rs 12, growth 5%, cost of equity 11%, allowed return on equity 15.5%, payout 80%. The model says about Rs 210. Is the growth consistent with what the company retains?DCF and intrinsic valueCoreLong-only asset managementIndian brokerage research
  2. 029A junior's DCF of Pravolt Batteries puts over 90% of value in the terminal value, which implies an exit multiple of 28x EBITDA against peers at 14x. What is wrong, and how do you fix it?DCF and intrinsic valueCoreSell-side equity researchBuy-side equity research
  3. 041Case presentation to a panel: Helvika Solar has a bear value of Rs 180 (30%), a base of Rs 300 (50%) and a bull of Rs 450 (20%), against a share price of Rs 320. State your view and the uncertainty around it.DCF and intrinsic valueCoreSell-side equity researchResearch KPO and GCC
  4. 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
  5. 091Build WACC for an auto components maker whose regression beta is 1.3 while peers' unlevered beta averages 0.9. Which beta do you use, and why?DCF and intrinsic valueCoreSell-side equity researchIndian brokerage research

Company names and figures are illustrative.