The company is Qantas Airways Limited

Evaluate stock price, and estimate the impact of an important announcement on its stock prices for Qantas Limited Airways

Scenario

You have recently started an internship position with Griffith Best Equity Management (GEM), a large asset management company with A$750 million Assets Under Management located in Brisbane CBD. The company's core investment focuses on domestic share market, however, investments in share markets have provided lower than expected returns in the recent years.

GEM's Chief Investment Officer (CIO) has assigned you to perform an investment appraisal on a single company listed on the ASX300 and provide recommendation if the company analysed should be included as part of GEM's investment.

Your personal values and experiences are important, you should base your response on the evidence provided in these tasks along with your knowledge gained in the course. It is important that you provide clear evidence of your ability to apply your knowledge of finance as learned in the course to the task. The CIO has requested that your analysis must be up-to-date analysis with at least 3 years of data. Price data should include data to the end of August 2022.

Your report must address the following issues for Qantas Lmitd airways

1. A brief description of the company analyzed
2. Analysis of company's share price using
   1. the Dividend Discount Model (1-stage and 2-stage). You will determine if the share price is priced fairly or over/under-valued.
   2. News/Announcement effect on company's share price. You will investigate the speed of share price adjustment to these announcements using graphs. You will discuss the share performance over the last 3 years, showing the major events (announcements) in the life of the company and discuss how these events (announcements) have impacted the share price. One of the events discussed should be from 2022.
   3. On the same chart, present the performance of the major competitor and the market for comparison.
   4. You will need to show calculations for 1 (a), (b), (c) and a graph for (d)

Your current internship position is under 3 months' probation period. Upon completing the task on hand, your department secretary will arrange a meeting with CIO to discuss whether you have passed the probation period and be promoted to a Junior Corporate Finance Analyst.