Valuation modeling support for a US-based brokerage firm
About Client:
A US-based mid-sizes brokerage & trading firm was seeking a valuation modeling support for its research coverage to align their bandwidth to focus on new idea generation and commission generation.
ValueAdd Solution:
DCF, Relative Valuation models:
- Maintained valuation models updated for quarterly results, corporate actions, and corporate news
- The models had 10-year historical and 5-year (with 8 quarters) independent projections
Efficient model updates:
- Regular updates for earnings, corporate actions, and news releases
- Quick earning blurb in 15 mins after the interim result announcements
- Listen to earning conference call or read transcripts, and update the interim numbers
- Write to Investor Relations to seek clarity
Sector screens:
- Had developed screens based on quantitative parameters to funnel new ideas
- Prepared tearsheets for shortlisting investible ideas
Benefits Delivered:
- Saved ~US$40,000/year through offshoring
- Senior analysts could focus on more value-added work
- Client built an efficient research distribution platform for effective research delivery to his clients