Case Study for internship

To tackle your case study effectively and make the most of your remaining two days, here’s a structured approach based on the most helpful WSO content:

1. Simplify Your Valuation Model

• Focus on the Basics: Start with a simple valuation model like P/E or EV/EBITDA. Avoid overcomplicating it with unnecessary details.
• Key Components to Include:
  • Revenue Drivers/KPIs
  • Top-Line Revenue
  • Adjusted EBITDA
  • Earnings (if relevant)
  • Free Cash Flow (FCF)
• Sensitivity Analysis: Build functionality to adjust key sensitivities (e.g., revenue growth, margins) to test different scenarios.

2. Prioritize Your Time

• Day 1:
  • Morning: Review all the provided materials (teaser, information memo, SEC filings, investor presentations, etc.) and take detailed notes. Focus on understanding the business model, revenue drivers, and key financial metrics.
  • Afternoon: Build the core of your model. Start with revenue projections and work your way down to FCF. Don’t aim for a fully functional three-statement model; keep it straightforward.
• Day 2:
  • Morning: Refine your model. Compare your results to any guidance or consensus estimates provided. Clean up quirks and ensure your calculations are accurate.
  • Afternoon: Draft your write-up. Include:
  • Investment thesis
  • Valuation summary
  • Key assumptions
  • Next steps (e.g., further due diligence, additional data needed)

3. Use Available Resources

• If you’re struggling with Excel, consider leveraging WSO’s free financial modeling lessons, which cover essentials like DCF, M&A, LBO, and Comps. These lessons also include templates that can save you time.
• For additional practice, WSO offers a free LBO modeling test with a video solution and modeling file. This could help you refine your approach.

4. Final Touches

• Presentation: Ensure your model is clean and easy to follow. Use clear labels, consistent formatting, and logical flow.
• Checklist: Include a list of “next steps” in your write-up to show you understand the limitations of your analysis and are thinking ahead.

By breaking it down into manageable steps and focusing on the essentials, you’ll be able to deliver a solid valuation model and case study. Good luck—you’ve got this!

Sources: How would you approach a 4 hour case study?, PE Interview - Need to learn modeling in 2 days, Valuation reports - case study, Best ways to prep Excel & PowerPoint for internship?, "Leaving IB Soon, Final Rants" - The Follow-Up