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 1–7 of 7 · filtered from 100Clear filters
  1. 009Ritvara Batteries earns 80% of its profit from lead-acid batteries. Lithium takes 5%, 15% or 30% of its market over five years. What happens to profit in each case, and what could Ritvara do?Industry structure and moatsHardLong-only asset managementHedge fund long/short
  2. 034Case study on Kavelin Adhesives: 55% market share, ROCE above 35% for ten years, four price rises in three years with volumes still growing. What are its competitive advantages, are there barriers to entry, and can growth last?Industry structure and moatsCoreMorningstarAnonymous interview candidate in · 2023
  3. 045Clarvin Auto Glass supplies 70% of the windshields for three car makers who together buy 90% of its output. Who holds the pricing power, and what does that mean for Clarvin's margins?Industry structure and moatsWarm upSell-side equity researchIndian brokerage research
  4. 059Mandivar Marketplace, a B2B marketplace, raises its take rate from 2% to 3.5% and supplier churn rises from 5% to 8%. Does the network hold, and what is the revenue effect?Industry structure and moatsCoreHedge fund long/shortBuy-side equity research
  5. 071Sundora Tea sells at a 20% price premium to loose tea and holds 18% of the market. What would you check to know whether the brand is a real advantage?Industry structure and moatsWarm upLong-only asset managementIndian brokerage research
  6. 084In a three-player food delivery market, who is poised to win and who is doomed to fail, given each player's share of orders, contribution per order and cash?Industry structure and moatsHardCoatue ManagementNew York · 2014
  7. 095Soda ash is priced off the industry cost curve. The lowest-cost producer makes it for Rs 18,000 a tonne and the marginal producer for Rs 26,000. A new low-cost entrant adds 10% capacity. What happens to price and to the low-cost producer's margin?Industry structure and moatsCoreSell-side equity researchBuy-side equity research

Company names and figures are illustrative.