For this Assessment you will be assessed against the following Learning Outcomes:
LO1 Analyse financial statements and corporate structures to assess financial health and performance.
LO2 Apply investment and financing principles to support corporate decisions.
LO3 Evaluate capital markets and pricing models in the context of risk management.
LO4 Critically assess capital structure theories and strategies within various market conditions.
LO5 Apply financial theories to international case studies, incorporating economic, social, and cultural dimensions.
ASSIGNMENT DETAILS
Assignment Title: Company Valuation Report – [Company Name]
Assessment Overview
This module is assessed entirely through a 2,500-word (+/- 10%) individual coursework. The assignment requires you to produce an independent company valuation report on a publicly listed company of your choice from the FTSE100. You must use real financial data, apply appropriate corporate finance valuation models, and demonstrate analytical judgement in interpreting the results. The aim is to assess your ability to integrate financial theory with real-world company performance and to form a defensible investment decision.
Your report must go beyond mechanical calculation. Strong submissions will justify assumptions, reconcile conflicting valuation indicators, and contextualise numerical results within broader market, industry, and strategic considerations.
Report Structure and Requirements
Your analysis must be organised into the following sections:
- Introduction
Provide a concise overview of the company and explain why it has been selected for valuation. Conclude this section with a brief roadmap outlining the structure of your report.
- Company Background
Present a brief history and description of core business activities; key markets, revenue segments, and competitive positioning; financial trends and performance indicators relevant to your valuation; macroeconomic, sectoral, and strategic factors that influence the company’s risk profile or growth prospects
- Valuation of the Company
You must include the following four components. All assumptions should be referenced, justified, and consistent with financial theory.
Cost of capital: Estimate cost of equity and WACC. Justify assumptions on beta, market premium, risk-free rate, debt, etc. Cash flow estimation: Calculate free cash flow to firm/equity. Adjust for R&D, capex, lease, etc. Growth and terminal value: Use varied growth rates, terminal value estimates and explain rationale. Relative valuation: Compare your firm to peers (international or domestic). Justify adjustments and assumptions. 4. Discussions and Conclusions
Summarise and interpret the results of your valuation. Present valuation outcomes under base-case and alternative scenarios. Identify limitations of your analysis, such as data constraints, model sensitivities, or market uncertainties.
- References
Cite all data, theories, and models appropriately. Use APA 7th style referencing consistently throughout.
Data sources may include annual reports, company filings, Bloomberg, Yahoo Finance, Statista, OECD, IMF, FT Market Data, academic journals, and recognised textbooks