ABC Co is a successful manufacturing firm that has shown positive and strong organic growth over the years. The company has major advantages of a strong brand value and multiple marketing channels to reach customers. An equity research report by Your Company Name analyzes ABC Co and provides an overview of the company's financial performance, ratio analysis, and financial modeling to aid investment decisions.

1. Y O U R C O M PA N Y N A M E
Stock
Valuation
Analysis

2. Agenda For Equity
Research Report
2
o Companies Financial Performance
o Ratio Analysis
o Companies Financial Modeling
Analyzing the following Aspect of
the Company
Help in taking Buy/Sell Decisions
for Future Investment
Add Text Here
Add Text Here

3. Table of Content
3
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

4. Table of Content
4
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

5. Founded in
1919
Net Sales for
Fiscal Year 2019
$ 8.94 Bn
Dividend
Per Share
FY 18 - $1.2
PE Ratio
18.4x
Add Details
About the target
company here
Add Details
About the target
company here
The following Equity
Research Report covers is
an in-depth analysis of Abc
Co and performed by
Your_Company_Name
Equity Research Report
Date – 12-October-2019
Submitted to – Add Client
Name Here
Add Details Here Add Details Here
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Equity Research Report Overview
5
The following slide provides and overview of the equity research report and displays some key stats about the target company . The slide also provides a brief Introduction about the equity
research report.
Add Your
Company
Logo Here
Target Company : ABC co

6. Summary
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ABC Co is a successful manufacturing firm that has shows positive and strong organic growth over the years
Company’s major advantages include strong brand value and multi marketing channels to approach the end user
ABC Co has shown promising growth of 20 % over the year
Add Text Here
Add Text Here
Analyst Highlights
6
The purpose of the following slide is to highlight the process of equity research which starts from Industry analysis and ends with recommendations from the analyst.
Analyst Opinion : NEUTRAL October 2020
Figures in Millions USD 2019 2020 Add Text Here
Total Revenue 880 929 XXXX
Operating Income 58 55 XXXX
Net Income XX XX XXXX

7. Table of Content
7
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

8. Market Share
Competitive Environment Analysis
8
The following slide provides a detailed analysis of the market share of our company in comparison to the competition.
30
25
20
12.5
7.5
5
Competitor 2
Competitor 3
Competitor 4
Target Company
Competitor 1
Competitor 5
Unique Selling Proposition Valuation (in $) Revenues in (in $) Net Profit Margin
Our Company Longer Life of Phone XXXX XXXX 14%
Competitor 1 Latest Software XXXX XXXX 15%
Competitor 2 Add USP Here XXXX XXXX 16%
Competitor 3 Add USP Here XXXX XXXX 17%
Competitor 4 Add USP Here XXXX XXXX 18%
Competitor 5 Add USP Here XXXX XXXX 19%
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9. Competitive Environment of the Industry Cont…
This slide provides a brief analysis of the competitors Market share, geographical presence and their employee strength.
9
Company Name Founded in Headquarters Market Share
Geographical
Presence
No of Employees Add Parameter Here
Competitor 1 2002 California , USA 18%
N.A. ,E.U. ,M.E., Af
,Aus
5,000 Add Text Here
Competitor 2 1984 California , USA 25%
N.A. ,E.U. ,M.E., Af
,Aus
74,000 Add Text Here
Competitor 3 1988 Tokyo, Japan 12%
N.A. ,E.U. ,M.E., Af
,Aus
6,000 Add Text Here
Add Text Here Add Text Here
Add Text Here Add Text Here Add Text Here Add Text Here
Add Text Here
Add Text Here Add Text Here Add Text Here Add Text Here Add Text Here Add Text Here Add Text Here
N.A.-North America E.U.- Europe M.E.- Mid East Af - Africa Aus- Australia
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10. Key Industry Trends for Equity Research
The following slide to enlists various Industry trends that will influence the market and will influence the company.
10
New BYOD
Technology
▪ New Trend predicts
increase in the bring your
own device in office .
▪ Add Text Here
Increase in Crypto
Currency
▪ Heavy market influence
and out follow of cash from
general economy via
cryptocurrency
▪ Add Text Here
Increase in the
use of AI
▪ Large number of
companies adopt and
prefer the usage of
Artificial Intelligence
▪ Add Text here
Add
Trend Here
▪ Add Trend Here
▪ Add Trend Here
Cloud
Computing
▪ Increase in cloud
computing technology
▪ Add Text Here
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11. Table of Content
11
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

12. Target
Company Name
One of the largest
Research and
Consultancy company
in the world
Net Sales of over
$ 7 Bn in Fiscal
year 2018
One of the largest
market Share in US
Add Text Here
99 Years of
consulting and
making
research report
No. of
Global Locations
50 Locations
Net Sales for
Fiscal Year 2019
$ 8.94 Bn
R&D Budget for
Fiscal Year 2019
13,400
No of Employees
13,400
Acquisition of DEF.
Bros of
Wisconsin
Founded in
1919
Headquartered
Chicago, Illinois
Merger with
XYZ Co. for
$ 10.9 Billion
Key Highlights
Target Company Overview for Equity Research
12
The purpose of the following slide is to provide an overview of the company on which the equity research report is being made. This slide highlights the year in which the company was founded
in, number of employees it has, multiple global locations etc .
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Target
Company Logo

13. Income Statement of Target Company
The purpose of the following slide is to display the organizations profit and loss statements Key Performance Indicators such as Net Sales, Expenses , EBITDA and Profit before and after tax.
13
FY 2020
Revenue $506,142 $398,605 $302,704 $102,550
Cost of Revenue $135,248 $112,130 $87,100 $67,100
Gross Profit $370,894 $286,475 $215,604 $110,550
Operating Expenses:
Research and Development $136,791 $115,928 $102,500 $824,805
Sales and Marketing $303,319 $253,020 $242,184 $154,601
General and Administrative $84,805 $38,182 $71,923 $754,589
Total Operating Expenses xxx xxx xxx xxx
Loss from Operations xxx xxx xxx xxx
Interest Expense, Net xxx xxx xxx xxx
Other Income(expenses), Net xxx xxx xxx xxx
Loss Before Provision for Income Taxes xxx xxx xxx xxx
Provision for Income Taxes xxx xxx xxx xxx
Net Loss Attributable to Common Stockholders xxx xxx xxx xxx
Net Loss Per Common Share, Basic and Diluted xxx xxx xxx xxx
Weighted-average Shares used to Compute Net Loss Per Share, Basic and Diluted xxx xxx xxx xxx
xxx xxx xxx xxx
Q1 Q2 Q3 Q4
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14. Balance Sheet – FY19 (Tabular Form) 1 of 1
The purpose of the following slide is to display the key performance indicators of the balance sheet for four quarters of FY 2019. These KPIs can be Current assets, Current Liability , Total
Assets and Total Liabilities.
14
FY 2019
Q1 Q2 Q3 Q4
Shareholders‘ Equity 529.8 1,067.8 1,294.6 1,632.4
Non–Current Liabilities 535.0 548.2 513.5 989.0
Short–Term Borrowings Xxxx xxxx xxxx xxxx
Trade Payables xxxx xxxx xxxx xxxx
Other Current Liabilities xxxx xxxx xxxx xxxx
Short Term Provisions xxxx xxxx xxxx xxxx
Current Liabilities xxxx xxxx xxxx xxxx
Total Liabilities xxxx xxxx xxxx xxxx
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All Figures in USD MM

15. Non–Current Investments 26.6 26.6 104.5 26.6
Long Term Loans and Advances - 8.0 73.4 204.8
Other Non–Current Assets - 13.8 - -
Current Investments XXXX XXXX XXXX XXXX
Inventories XXXX XXXX XXXX XXXX
Trade Receivables XXXX XXXX XXXX XXXX
Cash and Bank Balances XXXX XXXX XXXX XXXX
Short–term Loans & Advances XXXX XXXX XXXX XXXX
Other Current Assets XXXX XXXX XXXX XXXX
Current Assets XXXX XXXX XXXX XXXX
Total Assets XXXX XXXX XXXX XXXX
Balance Sheet –FY19 (Tabular Form) 2 of 2
The purpose of the following slide is to display a tabular representation of the key performance indicators of the balance sheet for four quarters of FY 2019. These KPIs can be Current assets,
Current Liability , Total Assets and Total Liabilities.
15
Q2Q1 Q3 Q4Total Fixed Assets
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All Figures in USD MM

16. Target Company Vertical and Horizontal Analysis
The purpose of the following slide is to display a tabular representation of vertical and horizontal analysis of the target companies .
16
GKSR Income Statement 2019 2020 Increase ($) %YoY Change
Rental Operations 801,240 847,401 46,161 5.8%
Direct Sales 79,603 82,141 2,538 3.2%
Net Revenues $880,843 $929,542 $48,699 5.5%
Cost of Rental Operations (518,543) (541,392) (22,849) 4.4%
Cost of Direct Sales XXXX XXXX XXXX XXXX
Selling and Administrative Costs XXXX XXXX XXXX XXXX
Operating Expenses XXXX XXXX XXXX XXXX
EBITDA XXXX XXXX XXXX XXXX
Depreciation XXXX XXXX XXXX XXXX
Amortization of Intangibles XXXX XXXX XXXX XXXX
EBIT XXXX XXXX XXXX XXXX
Interest Expense XXXX XXXX XXXX XXXX
Income Before Income Taxes XXXX XXXX XXXX XXXX
Provision for Taxes XXXX XXXX XXXX XXXX
PAT XXXX XXXX XXXX XXXX
Basic EPS Diluted EPS XXXX XXXX XXXX XXXX
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17. Target Company's Shareholding Pattern for Equity Research (1/2)
The following slide displays the share holding pattern of the company, the graph provides percentage of shares that are held by promotor groups, domestic institutional investors, foreign
Institutional investors, Private Corporate Bodies and General public.
17
Shareholding Pattern as of Q4 November 2020
No
of Shareholders
No of Fully Paid Equity
Share
Total Number of
Shares
10 650,000 650,000
200 100,000 Xxxxx
500 50,000 Xxxxx
500 50,000 Xxxxx
5,000 200,000 Xxxx
6,210 1,050,000 Xxx
Domestic
Institutional Investors
Foreign
Institutional Investors
General Public
Promoter
Group
44%
7%7%
5%
37%
Private
Corporate Bodies
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.

18. Target Company's Shareholding Pattern for Equity Research (2/2)
18
The following slide highlights the shareholding pattern of the company, the provided table highlights the shareholders, total number of shares and %age of the same .
Shareholding Pattern as of Q4 November 2020
Shareholders Total Number of Shares %age
John Orton 100 50
Randy Michaels 25 12.5
Tony Cena 25 12.5
Bruce Wayne 25 12.5
Clark Helmsley 25 12.5
Add Shareholder Name Here XX XX
Total XX XX
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19. Target Company Financial SWOT Analysis for Equity Research
19
▪ Strong Financials
▪ Efficient Management
▪ Big Brand Recognition
▪ Skilled Workforce
▪ Repeat Clients
▪ Cost Advantages
▪ Outdated Technology
▪ Lack of Capital
▪ High Debt
▪ Add Text Here
▪ Add Text Here
▪ Internal Growth Opportunity- (New
Product, New Market etc)
▪ External Growth Opportunity (Mergers &
Acquisitions)
▪ Expansion Relaxing Government
Regulations
▪ New Technology (R&D)
▪ Competition
▪ Changing Consumer Preferences/
New Trends
▪ Unfavorable Government Regulations
▪ Add Text Here
▪ Add Text Here
Strength Weakness Opportunity Threats
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20. Sep 20: Add
Text Here
May 19: Add
Text Here
Nov 17: New
Service Line
launch
Jun 17: Merger
with Abc co
Jan 17: New
CFO appointed
$0
$15
$30
$45
$60
Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 May-19 Oct-19 Jan-20 Apr-20 May-20 Oct-20
Historical Share Price Performance for Equity Research
The following slide displays the historical share performance of the organization and displays various key events that increased or decreased the sock price.
20
Stock Price Performance & Key Events (Company A)
January 2017 :
Appointment of
new CFO having
25+ years of
experience
June 2017 :
Merger with Abc
co worth 275
MM USD
November 2017 :
Launch of new
service line by the
company
May 2019 : Add
details of the key
events here
September 2020 :
Add details of key
events here
This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.

21. Table of Content
21
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

22. Liquidity Ratio FY 19 for Equity Research
22
The following slide displays the analysis of the companies liquidity ratio of the financial year 19 as its analysis the current ratio , quick ratio and the net working capital of the organization.
2.5x
1.2x
Current Asset / Current Liability
Current Asset – Inventory / Current Liability
Current Ratio
Quick Ratio
Interpretation
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Higher current ratio indicates better liquidity of the company , current ratio above 1 indicates good liquidity of the organization
High quick ratio indicates that the company is experiencing good growth and can convert receivable into cash at a higher rate
Add your analysis of the ratios here
Add your analysis of the ratios here

23. Asset Management ( Turnover) Ratios FY 19 for Equity Research
23
The following slide displays the analysis of the company's asset management or turnover ratio of the financial year 19 as it analysis the account payable ratio, asset turnover ratio , fixed asset
turnover ratio and inventory turnover ratio.
Interpretation
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Account Payable Turnover Ratio Total Purchase / Average Account Payable 5.2x
Asset Turnover Ratio Net Sales / Average Total Asset 2.1x
Fixed Asset Turnover Ratio Net Sales / Average Fixed Asset 3.2x
Inventory Turnover Ratio COGS / Average Inventories 2.5x
Receivable Turnover Ratio Net Credit Sales / Average Account Receivable 4.1x
High receivable turnover ratio are positive indicator for the organization, it indicates that the company have a relatively short time between
credit purchase and their repayment
Add Your Ratio Analysis Here
High fixed asset turnover ratio is a positive indicator and implies that the company handling its fixed asset in a good way
High asset turnover ratio is a positive indicator and implies that the company handling its asset in a good way
High inventory turnover ratio is a positive indicator and implies that the company has good demand and the product is being sold
at a good pace in market

24. Leverage Ratios FY19 for Equity Research
24
The following slide displays the analysis of the company’s leverage ratio o of the financial year 19 as it analysis the debt to asset ratio, debt to equity ratio, debt to capital ratio and debt to
EBITDA ratio.
Interpretation
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Debt-to-Assets Ratio Total Debt / Total Assets 0.14x
Debt-to-Equity Ratio Total Debt / Total Equity 2.20x
Debt-to-Capital Ratio Today Debt / (Total Debt + Total Equity) 0.14x
Debt-to-EBITDA Ratio
Total Debt / Earnings Before Interest
Taxes Depreciation & Amortization (EBITDA)
2.5x
Asset-to-Equity Ratio Total Assets / Total Equity 2.5x
Low debt to asset ratio is a positive indicator and implies that the company has less assets that are funded by debt.
Low debt to equity ratio is a positive indicator and implies that company has more assets funded by equity rather than debt.
Low debt to capital ratio is a positive indicator and implies that company has more equity based capital in comparison to debt.
Add Your Ratio Analysis Here
Add Your Ratio Analysis Here

25. Profitability Ratio FY19 for Equity Research
25
The following slide displays the analysis of the company’s profitability ratio of the financial year 19 as it analysis the gross profit ratio, net profit ratio and return on asset ratio.
Interpretation
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Gross Profit Ratio Gross Profit / Net Sales Revenues 55%
Net Profit Ratio Profit Interest / Sales (Revenues) 25%
Return on Asset Net Income / Average Total Asset 5.2%
Add Text Here Add Text here / Add Text Here 2.5x
Add Your Ratio Analysis Here
Add Your Ratio Analysis Here
High gross profit ratio is a positive indicator and indicates that the organization has managed its cost of sales effectively, it means that for
every unit sold company earns 55 % of gross profit.
High net profit ratio is a positive indicator and implies that the organization is able to effectively control its cost and provide good
sales and service. It means that the company is earning more than the expenses being incurred on production.

26. Valuation Ratio FY19 for Equity Research
26
The purpose of the following slide is to analyze the valuation ratios of the organizations. Such as price to earning, price to book value rati, price to sales ratio and price to cash flow ratio.
Interpretation
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Price-to-Earning (P/E) Share Price / Earning Per Share 18.4x
Price-to-Book Value (P/B) Current Share Price / Book Value per Share 0.89x
Price-to-Sales (P/S) Market Capitalization/ Total Revenues XX
Price-to-Cash Flow Add Text here / Add Text Here XX
Add Your Ratio Analysis Here
Add Your Ratio Analysis Here
High price to earning ratio indicates that the investors are ready to 18.4 $ per share in the market.
Low price to book value ratio indicates that the investors are willing to pay more than the actual book value of the organization.

27. Table of Content
27
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

28. Methods Used for Valuation in Equity Research
The following slide displays the equity valuation methods such as balance sheet methods, earning multiple methods and discounted cash flow method.
28
Discounted Cash Flow
Sensitivity
Analysis
Adjustments
Present
Value
Terminal
Value
Discount
Rate
FCFF
Projections
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Price
Market Cap
Sales
Earning
Per Share
EBITA
EBITDA
Relative Valuation Approach
Comparative Analysis of the target company and
major competition on the market

29. Discounted Cash Flow Method for Company Valuation
The purpose o the following slide is to provide target company valuation using discounted cash flow method , the provided table hoighlights the net operating losses , free cash flow and total
enterprise valuation of the target company.
29
Start Up Year
Balance Sheet Check OK OK OK OK OK OK OK
Valuation
EBIT (2,573,040) (1,340,320) (57,140) (1,233,760) (2,782,080) (4,941,600) 5,738,560
Net Operating Year
Opening Balance 0 2,573,040 3,913,360 3,856,220 2,622,460 0 0
Current Loss 2,573,040 1,340,320 0 0 0 0 0
Sub Total 2,573,040 3,913,360 3,913,360 3,856,220 2,622,460 0 0
Loss Used 0 0 57,140 1,233,760 2,622,460 0 0
Closing Balance xxxxx xxxxx xxxxx Xxxxx xxxxx xxxxx xxxxx
Free Cash Flow xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Add Text Here xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Add Text Here xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Add Text Here xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Add Text Here xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Add Text Here xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
Add Text Here xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx xxxxx
DCF Valuation
NPV of Forecast (1,098,526)
Terminal Value (EBITDA Multiple) 50,068,480
NPV of Terminal Value 13,973,194
Total Enterprise Value 12,874,658
2016 2017 2018 2019 2020 2021E 2022E
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30. Relative Valuation Approach for Equity Research
The following slide displays the market data , financial data and valuation of multiple companies of the market. The provided table compares the price , market cap , Sales , EBITDA , earning
and P/E ratio.
30
Price Market Cap Sales EBITDA EBIT Earnings EV sales EV EVBITDA EVBIT P/E
($/Share) $M $M $M $M $M x x x x
38.15 168,042 46,856 13,105 11,128 7,382 4.1x 14.2x 16.7x 22.9x
81.40 123,885 66,416 12,345 9,879 5,619 2.3x 11.8x 14.7x 22.2x
52.33 10,328 5,998 1,320 1,104 621 2.2x 9.8x 11.7x 16.8x
69.65 11,619 2,247 607 585 358 4.8x 18.2x 18.8x 32.6x
20.82 965 646 79 67 42 1.6x 12.6x 14.7x 23.6x
Market Data Financial Data Valuation
Company ABC
Competitor 1
Competitor 2
Competitor 3
Competitor 4
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Company Name

31. Precedents Overview for Equity Research
The following slide shows the precedent overview of the equity research , as the provided table highlights the transaction date, acquirer, Target and the value.
31
Acquirer Target Ent. Value LTM EBITDA EV/EBITDA
6 March 2018 Company A Company G $4,222.5 $407.5 $11.0x
20 Feb 2018 Company B Company H $2,400.0 $287.0 $8.8.0x
31 Oct 2018 Company C Company I $655.6 $52.0 $13.8.0x
19 Nov 2018 Company D Company J $5,588.5 $420.0 $14.8.0x
31 March 2018 Company E Company K $955.3 $101.5 $10.5x
01 Feb 2018 Company F Company $1,594.2 $110.1 $14.4x
Average: 11.5x
Transaction Date
in $ millions
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32. Table of Content
32
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

33. Types of Risk for Equity Research
The purpose of the following slide is to show multiple risk associated with equity research , these risk can be equity risk, interest rate risk , currency risk , Liquidity risk and concertation risk .
33
Risk Description Comments
Equity Risk Losses can be incurred by immediate drop in the price of shares due to uncertainty of demand and supply Add Text Here
Interest Rate Risk Risk of incurring losses due to fluctuation of interest rate , higher interest rate can have negative impact on bonds Add Text Here
Currency Risk Risk of incurring losses due to increase and decrease in exchange rate of currency Add Text Here
Liquidity Risk Risk of not being able to convert shares into cash due to multiple risk factors Add Text Here
Concentration Risk Risk of investing funds into one single security thus increasing the risk magnitude Add Text Here
Credit Risk Add description about the risk here Add Text Here
Inflation Risk Add description about the risk here Add Text Here
Add Risk Here Add description about the risk here Add Text Here
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34. Risk Rating
The purpose of the following slide is to provide rating to the multiple risk based on their impact and probability.
34
Risk Category Impact Probability Risk Rating
Interest Rate Risk
Add text Here
Add text Here
Add Text Here
Currency Risk
Add text Here
Add text Here
Add Text Here
Concentration Risk
Add text Here
Add text Here
Credit Risk
Add text Here
Add text Here
Add Text Here
Inflation Risk
Add text Here
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Add Text Here
M
M
M
L
H
L
L
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L
L
L
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H
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M
L
L
L
Risk Rating Key
Low
Medium
High
Risk Elements
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35. Table of Content
35
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
08. Review and Rating

36. Founded in 1998 under the leadership of Mr. Rey Helmsley ABC Equity Research Co has been providing its
services for more than 22 years.
Headquartered in Pasadena California.
Add small summary about your company here.
Add Text Here.
We take pride in providing you with choice to:
▪ You choose the investment style.
▪ You choose the investment horizon.
▪ You choose the investment theme.
Who we are
About Us for Equity Research
36
The purpose of the following slide is to provide the overall business summary of the organization. The following slide covers the organization history and the services that are offered by them .
▪ Investment Research
▪ Credit Research
▪ Equity Research
▪ Financial Analysis
▪ Add Text Here
Financial
Research Services
▪ Market Landscape
Assessment
▪ Computer Landscape
▪ Market Forecast
▪ Add Text Here
Pharma Research
▪ Media monitoring
▪ Social Media
Monitoring
▪ Add Text Here
Media Research
▪ Add Text Here
▪ Add Text Here
▪ Add Text Here
Add Service Here
Our Services
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37. Junior
Analyst
Junior
Analyst
Junior
Analyst
Junior
Analyst
Junior
Analyst
Junior
Analyst
AssociateAssociate
Senior AnalystSenior AnalystSenior Analyst
Head of
Research/Equities
Associate
Equity Research Team Structure
37
The purpose of the following slide is to show the team structure of the equity research team.
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38. Name
Designation
“Write key credentials and major highlights of the team member”
Name
Designation
“Write key credentials and major highlights of the team member”
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Equity Research Team Members (1/2)
38
The purpose of the following slide is to show the review and ratings of the company provided by the analyst. The table highlights P/E ratio, valuation score, Net profit . The table also provides
weightage average of the same.

39. Equity Research Team Members (2/2)
39
The purpose of the following slide is to show the equity research team of the organization as it highlights the key credentials of the team members, their names and their designation.
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“Write key credentials and major highlights of the team member”
“Write key credentials and major highlights of the team member”
“Write key credentials and major highlights of the team member”
Name
Designation
Name
Designation
Name
Designation

40. Table of Content
40
01. Executive Summary
▪ Equity Research Report Overview
▪ Analyst Highlights
02. Industry Overview
▪ Competitive Environment Analysis
▪ Key Industry Trends
03. Target Company Highlights
▪ Target Company Overview
▪ Income Statement
▪ Balance Sheet
▪ Vertical and Horizontal Analysis
▪ Shareholding Pattern
▪ SWOT Analysis
▪ Historical Share Price Performance
04. Financial Ratio Analysis
▪ Liquidity Ratios
▪ Asset Management Ratios
▪ Leverage Ratios
▪ Profitability Ratio
▪ Valuation Ratio
05. Valuation Analysis
▪ Methods Used for Valuation
▪ Discounted Cash Flow Method
▪ Relative Value Approach
▪ Precedents Overview
06. Risk Factors
▪ Types of Risk
▪ Risk Rating
07. About Our Company
▪ About Us
▪ Equity Research Team Structure
▪ Equity Research Team Members
08. Review and Rating

41. Review and Rating (1/2)
The purpose of the following slide is toe show the review and ratings of the company provided by the analyst. The table highlights P/E ratio, valuation score, Net profit etc.
41This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
Overall Analyst Rating 80/100
Durability Score
High Financial
Strength
70 80
Valuation Score
Mid Valuation
52.4
Momentum Score
Technically Neutral
Market Capitalization
High in Industry
210,661 MM
AVG Broker Target
9.89% Upside
821.2
P/E Ratio
High in Industry
18.2
114.19% Decrease Over Last Year
Net Profit Qtr Cr
425 MM
16.24% Increase Over Last Year
Operating Revenues Qtr Cr
15,437.80 MM
High in Industry
Price to Book Value
0.89
5 2
15
S W
TO

42. Review and Rating (2/2)
The purpose of the following slide is toe show the review and ratings of the company provided by the analyst. The table highlights P/E ratio, valuation score, Net profit . The table also provides
weightage average of the same.
42
Criteria Figures Rating (1-5)
Profit to Equity Ratio 18.2
Profit to Book Value Ratio 0.89
Valuation Score 80
Market Capitalization 210,000 MM
Operating revenue 15,437 MM
Net Profit 425 MM
Add Parameter Here XXXX
Add Parameter Here XXXX
Scoring Criteria : 1-Very Poor, 2 – Poor, 3- Average , 4-Good , 5- Very Good
Overall Analyst Rating 80/100
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43. Review and Rating (2/2) (Option 2 of 2 )
The purpose of the following slide is toe show the review and ratings of the company provided by the analyst. The table highlights P/E ratio, valuation score, Net profit . The table also provides
weightage average of the same.
43This slide is 100% editable. Adapt it to your needs and capture your audience's attention.
Criteria Figures Rating (1-5)
Profit to Equity Ratio 18.2 5
Profit to Book Value Ratio 0.89 4
Valuation Score 80 3
Market Capitalization 210,000 MM 2
Operating revenue 15,437 MM 1
Net Profit 425 MM 5
Add Parameter Here XXXX XX
Add Parameter Here XXXX XX
Scoring Criteria : 1-Very Poor, 2 – Poor, 3- Average , 4-Good , 5- Very Good
Overall Analyst Rating 80/100

44. 0
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2019
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Q4
2019
Q1
2020
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2020
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2020
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2020
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2019
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2019
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2019
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2020
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Q2 2017 Q3 2017 Q4 2019 Q1 2019 Q2 2020 Q3 2020 Q4 2020
0
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2019
Q3
2019
Q4
2019
Q1
2020
Q2
2020
Q3
2020
Q4
2020
Organization Performance Dashboard for Equity Research
44
TOTAL ASSETS $ 3.630.271
CURRENT ASSETS $ 3.630.271
Cash $ 356.722
Accounts Receivable $ 812.320
Inventory $ 425.260
Long-Term Assets $ 770.100
Total Liabilities $ 1.715.435
Current Liabilities $ 420.160
Accounts Payable $ 415.185
Other Liabilities $ 164.721
Shareholder Equity $ 2.560.510
Current stock $ 865.580
Current earnings $ 630.910
Balance Sheet
Return on Assets
18%
Working Capital Ratio
4.2/2
Return on Equity Debt–Equity Ratio
0.52/129%
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45. 0
0.2
0.4
0.6
0.8
1
1.2
1.4
1.6
2017 2018 2020
Current Ratio Quick Ratio Add Text Here
Liquidity Analysis of Company for Equity Research
The following slide displays the analysis of the companies liquidity ratio of the financial year 18 and 19 as its analysis the current ratio , quick ratio and the net working capital of the
organization.
45
Ratios 2019 2020
Current Ratio 0.84 1.52
Quick Ratio 0.78 1.15
Net working Capital 1.22 MM 2.44 MM
Interpretation
Higher current ratio indicates better liquidity of the company , current ratio above 1 indicates good liquidity of the organization
High quick ratio indicates that the company is experiencing good growth and can convert receivable into cash at a higher rate
Add interpretation of current and quick ratios here .
Add interpretation of current and quick ratios here .
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46. Icons Slide for Stock Valuation Analysis
46

47. 47
Additional Slides

48. About Us
48
Values Client
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Target Audience
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Premium Services
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49. Our Mission
49
Goal
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Vision
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Mission
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50. Financial
50
60%
75%
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Target 75%
Actual 60%

51. 51
Our Target
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04
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52. Location
52
Mexico
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53. 53
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54. 54
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55. Timeline
55
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2016
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