Your investment thesis including your opinion on whether the stock is “overvalued”, “undervalued” or “fairly valued” based on your analysis and the current market price or recent trading range of the stock,

finance

Description

I. An executive summary, including: 

a. Your investment thesis including your opinion on whether the stock is “overvalued”, “undervalued” or “fairly valued” based on your analysis and the current market price or recent trading range of the stock, 

b. a “football chart” presentation of the valuation ranges implied by each of the valuation models used in your analysis, and, 

c. a bullet point list of key the key drivers of and risks to your implied valuation 


II. A summarized presentation of your valuation models/methods including implied share prices and ranges: 


a. Intrinsic Valuation - Multi-stage growth discounted cash flow model 

 You may use either a 2 or 3 stage growth model depending on which you feel is more appropriate given the lifecycle stage of your target company 

 You may use either a free cash flow to firm or free cash flow to equity approach 

 You must develop, present, and provide rationale for the fundamental drivers used to determine implied valuation outcomes (i.e., assumptions used to estimate free cash flows, growth rates, discount rate, margins, investment ratios, stable growth estimates, etc.) 

 Your intrinsic valuation should include an implied share price range conclusion and sensitivity analysis

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