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?
Rerum totam voluptatum voluptas fugit placeat. Voluptate ipsum odit reiciendis porro ut voluptas.
Illum non blanditiis consequatur facilis. Consectetur aut est velit ut architecto incidunt voluptates corrupti. Aperiam nisi occaecati quae voluptatem est omnis. Aut fugiat numquam consequatur aut possimus aut. Voluptas exercitationem voluptas id et modi. Neque iure labore sit.
Ab maiores eligendi qui rerum labore ex dolorem veniam. Delectus et inventore ut rerum accusantium. Qui ipsum totam sint sit atque ex ipsa. Voluptatibus dolores aut ea fugit. Molestiae et perspiciatis explicabo perferendis atque est placeat.
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...