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Public Equity Valuation and Investment
Bill Cui
Bill Cui
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Public Equity Valuation and Investment

Learn to evaluate a publicly traded company and produce an investment recommendation.

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Tuesdays
 at
8:00
P.M.
 ET /
5:00
P.M.
PT
8 weeks, 2-3 hours per week
Intermediate
No experience required
No experience required
Some experience required
Degree and experience required

Description

Detailed analyses and accurate predictions based on fundamental understanding of a company are key to becoming a successful public equity investing professional. In this Build Project, you will wear the hat of a fundamental analyst and develop investment recommendations about a publicly traded company’s stock. Under the supervision of an experienced industry expert, you will dive deep into understanding the company’s business model, evaluating its business strategies and competitive landscapes, analyzing its financial data, and predicting its future growth potential. You will also become familiar with tools such as Python to conduct statistical analysis on macroeconomic data and apply various valuation methods in Excel to support your investment theses. The analytical and modeling skills gained from this project will help you become more competitive in the recruiting process for a junior equity investment role.

Session timeline

  • Applications open
    December 1, 2024
  • Application deadline
    January 15, 2025
  • Project start date
    Week of July 8, 2024
    Week of
    February 3, 2025
  • Project end date
    Week of

What you will learn

  • Understand how to read and interpret company financial models
  • Leverage macroeconomic data in statistical analysis through Python to understand the current business environment a company operates in
  • Build detailed financial models in Microsoft Excel to arrive at a fair value for a company’s publicly traded stock
  • Create and deliver a PowerPoint presentation with clear investment theses based on quantitative and qualitative analyses
Build Projects are 8-week experiences that operate on a rolling basis. Selected participants engage in weekly live workshops with a Build Fellow and 2-15 other students.

Project workshops

1
Introduction to Public Market Investing
2
Understanding Business Models and Drivers
3
Industry Analysis and Competitive Landscape
4
Relevant Macroeconomic Data Analysis
5
Deep Dive into Company Fundamentals
6
Quantitative Valuation
7
Risks and Scenario Analysis
8
Final Presentations

Prerequisites

  • Interest in the financial market (e.g. tracking daily market news through reputable sources) and willingness to perform detailed due diligence
  • Basic skills and experiences with Excel and PowerPoint
  • Experience with basic Python (conditions, loops, pandas, matplotlib) or another statistical/coding tool

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About the expert

Bill Cui is a Finance Build Fellow at Open Avenues Foundation, where he works with students leading projects in financial analysis. Bill is a fundamental analyst at Citadel Securities, where he focuses on conducting financial analysis on companies and commodities. Bill has over three years of experience in the finance field. He has covered assets in Industrials, Materials, and Energy sectors. He holds a Bachelor's degree in Economics and Quantitative Social Science from Dartmouth College. A fun fact about Bill is that he loves hiking and playing soccer.

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