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 1–4 of 4 · filtered from 100Clear filters
  1. 005Build a comps valuation for Tanvika Pharma from five peers trading between 18x and 42x earnings. Which peers do you keep, median or mean, and is a premium justified for Tanvika's higher US exposure?Relative valuationCoreSell-side equity researchIndian brokerage research
  2. 017Compare two sectors through one company each: Medrova Hospitals grows 15% with an 18% return on capital at 55x earnings; Ghatola Cement grows 8% with a 12% return on capital at 30x. Which offers better prospects for the price?Relative valuationCoreWellington ManagementHong Kong · 2022
  3. 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
  4. 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

Company names and figures are illustrative.