Financial Analysis case studies, worked step by step

Cases
100
Traced to a firm
63
Topics
14
Hard
30
Topic
All topicsCredit analysis and lending14Budgeting, variance and reporting8Valuation9Financial statement analysis6Earnings quality and adjustments6Working capital and cash flow6M&A and corporate development7Costing, pricing and unit economics6Investment evaluation and pitches9Leveraged buyouts7Capital budgeting6Forecasting and scenarios5Financing, capital structure and treasury6Distress and restructuring5
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 100
  1. 011A biscuit maker's premium line has a market study already paid for, cannibalises existing sales and uses an idle warehouse. Work out the NPV.Capital budgetingHardCorporate FP&ACorporate finance
  2. 012A commerce college can add seats and raise fees, or launch an executive programme. Forecast three years of revenue for each and choose.Forecasting and scenariosCoreHarris WilliamsRichmond · 2018
  3. 013A logistics company wants to buy a business for Rs 800 crore. Should it pay with cash, debt, new shares or a mix, given a 3.0x leverage covenant?Financing, capital structure and treasuryCoreMoody'sNew York · 2022
  4. 014You are asked to rate an airport. What would you look at, what is its debt service coverage, and what happens if traffic falls 30%?Credit analysis and lendingHardMoody'sNew York · 2018Moody'sNew York · 2018
  5. 015A holding company owes Rs 1,000 crore of notes and owns cement, power and logistics subsidiaries, each with its own debt. What do the noteholders recover in liquidation?Distress and restructuringHardEvercoreNew York · 2025
  6. 016A logistics company will generate Rs 50 crore of free cash flow next year, growing 15% a year to year 5 and 5% after. What is it worth, and how much comes from the terminal value?ValuationWarm upHPS Investment PartnersNew York · 2025
  7. 017A cement plant missed budgeted EBITDA by Rs 32.75 crore while selling 15% fewer tonnes. Use a flexed budget to split the variance.Budgeting, variance and reportingCoreCorporate FP&ACost accounting
  8. 018Pitch a pair trade between two listed retailers: which do you buy, which do you short, and what would make you wrong?Investment evaluation and pitchesHardBank of AmericaNew York · 2023Morgan StanleyTokyo · 2025
  9. 019Place an apparel retailer on a rating grid using debt to EBITDA and FFO to debt, first as reported and then with store leases treated as debt.Credit analysis and lendingWarm upS&P GlobalChicago · 2022Truist SecuritiesAtlanta · 2024
  10. 020A home care company buys a personal care brand with cheap debt. The deal lifts EPS 6.6%. Does it create value?M&A and corporate developmentCoreBank of AmericaLondon · 2026J.P. MorganNew York · 2025

Company names and figures are illustrative.