Analysing companies and forecasting earnings is a complex task.
In this course, student teams will follow the tasks usually performed by an equity analyst preparing a projection for a company's (Lenzing AG) future earnings:
- Strategic analysis: Industry position, corporate/business strategies, business model(s), value generation and value drivers
- Financial analysis: a detailed analysis of the companies recent full year and quarterly reports, identification of value drivers using correlation
This type of analysis requires intimate knowledge not only of the company itself, but also the industry and the market(s) the company operates in as well as accounting knowledge.
The final result of each team will be a presentation of the company's strategic and financial position that will provide the foundation for the following Business Forecasting Project course.
The working language is English.
Students will not only sharpen their analytical skills, but also gain team work experience, enhance their time management and presentation style, learn about efficient and effective spreadsheet modeling and improve their English language skills (vocabulary, written and oral communication).