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 1–3 of 3 · filtered from 100Clear filters
  1. 020Crude-linked raw materials are 55% of Rangora Paints' cost of goods. Crude rises 20% and price hikes follow one quarter later. What happens to gross margin over the next three quarters?Macro and commodity sensitivityCoreSell-side equity researchIndian brokerage research
  2. 060Crude falls from USD 90 to USD 60 a barrel. Fuel is 38% of Skyvela Airlines' costs and the rupee is flat. What happens to costs and EBITDAR if fares hold, and if half the saving goes into fares?Macro and commodity sensitivityCoreSell-side equity researchHedge fund long/short
  3. 085An Indian IT exporter earns 80% of its revenue in dollars. The rupee strengthens from 84 to 80 and half the exposure is hedged at 83. What happens to rupee revenue and margin?Macro and commodity sensitivityCoreState StreetBoston · 2020

Company names and figures are illustrative.