You then have to write a two-pager summary on that company concluding by a buy or sell recommendation (clearly se). This two-pager has to be supported by an appendix that details the calculations. The two-pager has to Ait as much information possible onto two pages and need to be professional. The appendix is the academic document providing the supporting evidence describe in the two-pager. Your report has to state the important information for an investor to decide whether or not to invest in this company, so it has to contain at least the following elements (this is not a mandatory or exhaustive list): Business overview Legal structure Leverage Capital structure Comparable ratio like P/E Valuation using free cash Alow analysis Those elements need to provide support for the Ainal buy or sell recommendation. The choice of the company is free; the only condition is that the company can be found on Bloomberg.