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?
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