X a + x \"TEAM GUIDELINES FOR FERRAF @ x Loginwith SSO-Zoom a [j] g Q i: 6? C:/Users/|inaa/Downloads/TEAM%ZOGUIDELINES%20FOR%20FERRARI%20CASE%2022,pdf1..le G) O (is me E] remittance v we v MJVIJB:4:1JC:I,2A3\\IazimlluMEBI\" 6) + q 20- =2 ' CORPORATE FINANCE - ALTAMAYYUZ ABSOLUTE AND RELATIVE VALUATION - FERRARI CASE Professor Susana MarIlnez Meyers, CFA THIS IS A GROUP ASSIGNMENT, SAME GROUPS AS OTHER CLASSES YOU CAN ACCESS THE CASE IN THE COURSE SYLLABUS DESCRIPTION: Your document should be visual and concise with analysis of information (no need to be descriptive or mention information that is not relevant for your valuation and your investment case). Remember to support your figures with quoted sources (from the case or outside sources for the update). We are doing a top-down approach with the two approaches of valuation. Your document (doc or ppt) should cover the following points: - SHORT INTRO: What are the key drivers of the stock and valuation of Ferrari. Why is Ferrari doing the IPO and does operation and timing make sense from your point of view. - INDUSTRY ANALYSIS: Describe main drivers, trends and competitors of Ferrari o ABSOLUTE VALUATION: Using the guidelines for the projections and for the appropriate risk rate; please find the fair value at the time of the IPO in Euros. Should you use DDM or DCF? Choose which is the appropriate method and justify your decision. You could also give a range of target prices after performing a scenario valuation (best, worst and base scenario) according to your estimations or sensitivity analysis. You could use the simple excel models posted on campus to arrive to your target. . RELATIVE VALUATION: 0 Decide if the right peers for relative valuation are cars, luxury sector or a mix of both. Justify your decision. 0 Calculate the implicit value for Ferrari from the selected peers v 5 07/05/22 EN .. 1' ' . ' CImJJLiAgJ'SI ,0