Question
Research Macquarie Group (MQG). Start with the companys most recent annual reports. You can get a lot of information online at websites. Most libraries also
Research Macquarie Group (MQG). Start with the companys most recent annual reports. You can get a lot of information online at websites. Most libraries also have some publications that you can use. Your research should also include the industry in which the company operates, including its main competitors.
Analyze the previous years annual reports and prepare proforma financial statements (Balance Sheet and Profit/Loss Statement) for at least next 5 years, having 2019 as the base year since we excluded 2020 as the outlier due to COVID 19 outbreak.
Then, calculate Project Free Cash Flow for the next 5 years together with FCF risk analysis and Terminal Value and discount them using your discount rate, which is Weighted Average Cost of Capital (WACC).
NPV also must be calculated.
Finally, Equity value is to be calculated and divided by number of shares outstanding.
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