A company Valuation Study
- please pick up a listed company. Any listed company would be fine.
- Business background
- Industry background : macro environment of the target company
- Analyze the current value of the company ( current means at the point of your research ) based on the current stock price: Under-valued, Over-valued?
- Assuming that you have an intention to make an investment in the company, do you think the current stock
price is over-valued or under-valued, or proper?
- You may use any valuation models we studied in the class. e.g. DCF, Prof. Thomas Lys’ - Back of Envelop
Model - 4 step valuation
- You may need to show a future cash flow projection of the company. Please try to find any analyst's report for this. Usually, for a listed company, there are analysts' reports available that they recommend ' buy ' or ' sell'.

If you can't find any analyst's report, then please stick to the following assumptions;
Please refer to the company's last year's financial report (which you may find on the company's website) . Then, assume:
1. growth rate: 5% EBITDA growth for next five years based on last year's EBITDA
2. Tax : 15% - same for the next 5 years
3. WACC : 7 % per annum, same for the next 5 years

Answer rating: 100% (QA)

please pick up a listed company Any listed company would be fine Business background Industry background macro environment of the target company Analyze the current value of the company current means ... View the full answer