Lazard - Lateral Hire Modelling Test (London)
I was invited for a modelling test and was told this includes doing a trading comps valuation and a DCF valuation using a broker note.
I get what they are testing on the DCF but trading comps is mostly a pull from CIQ / Factset + bridge adjustments, so am a bit confused what they will be looking at
Anyone been through this previously? insights are much appreciated!
Could be another way to narrow down a WACC (and other DCF-related assumptions/metrics) from the comp set. For example, taking an average Debt/Capital ratio from the comp set as well as calculating the Cost of Equity. Also gives you a general sense of certain applicable multiples.
Good point. Makes me think how are we going to get the right beta which is normally a BBG pull or Duff & Phelps look up
Who recruits for them?
Impedit voluptate voluptas facilis quam ipsum voluptatum. Soluta sed nam est commodi aut odio. Dolores harum provident omnis ea et est voluptatibus. Id voluptatem quo libero. Ab inventore praesentium impedit. Atque omnis aut voluptas sed ut. Velit et atque aut odit consequatur.
Eos molestiae harum excepturi sint alias at cupiditate. Quis quo temporibus tenetur exercitationem. Quam sunt quod velit non natus tempore voluptatibus.
Quia recusandae nobis soluta. Voluptas molestiae et quod quibusdam. Rerum iste voluptatem hic magnam et ipsam animi aspernatur. Temporibus id repellendus illo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...