Comparable Companies Analysis (CCA)
School of Management MN-3004 Investment Banking
Individual Coursework Assignment
The coursework assignment for this module is an individual assignment worth 40% of the overall module mark.
Coursework Brief
The fintech industry has evolved rapidly over the last decade. According to the Pulse of Fintech 2018 (KPMG 2019), the industry obtained funding worth $111.8 billion globally in 2018. As one of the earliest peer-to-peer online lending platform (one type of fintech companies), LendingClub.com has market capitalisation of $1.13 billion and claims that loans of about $50 billion in value were originated since its inception to 30th June 2019. LendingClub launched an IPO in Dec 2014. Till now, the majority shareholders of the firm are institutional investors. Vanguard Group as the largest shareholder owns about 8.21% of its shares. To determine the future investment strategy, they are keen to have an in-depth understanding of the development of the firm and the industry.
Assume you are tasked with collecting and analysing the information required for the valuation of LendingClub Corporation. Produce an individual report (word limit 2000) addressing aspects listed below:
- Perform the Comparable Companies Analysis (CCA) for Clublending.com and explain the details of your preparation (e.g. data sources; rationale; assumptions and adjustments made etc); Discuss and critically evaluate the key results (e.g.; benchmarking and value determination etc.)
- Critically examine whether CCA is a suitable valuation method and if you were to improve your valuation analysis what alternative valuation methods you would use.
Requirements would be explained further in lecture/seminar; and a coursework guideline for this assignment is also available on Blackboard.
Extremely important information: you will need to use Thomson Reuters Eikon to obtain consensus estimates. We currently have limited number of Thomson Eikon PCs in the library. To book an hour slot, you need to contact library customer services team, which can be done in person at the library desk, or by emailing customerservice@swansea.ac.uk or phoning 01792 295500.
Key Marking criteria will include:
Understanding: Demonstrates understanding of the subject area and relevant theories and concepts; evidence of reading and research. (30%)
Application: Demonstrates ability to use appropriate analysis technique in real life cases (30%)
Suitability of Literature: Use of suitable sources, focused to answer key research aims (capacity of selection of the material). (15%)
Literature Analysis: Quality/level of analytical skill demonstrated (evaluation of literature; level of originality of thought). (15%)
Presentations: structure of the essay, clarity of the points made, correct use of APA style referencing. (10%)
5
Submission
The main assignment must be submitted by 3pm on 9th December 2019 via Turnitin. Students can expect to receive individual feedback on their work via Turnit in by lecturers [usually 3 weeks from date of submission]
Please note:
The maximum file size that can be uploaded is 20mb. If your file is larger than this it is usually because you have included a lot of images – you should either remove some if possible, or else convert them to a more efficient format to bring the file size down (e.g. .png or .gif).
You should ensure your student number is in the title of the filename for the work you submit/upload.
For undergraduate students, the School of Management operates a late penalty system as follows: when work is submitted late with no prior authorisation, a penalty of 10 marks will be deducted from the actual mark for each calendar day, or part of a day, by which the deadline is exceeded. After seven days from the initial deadline, a mark of zero will be awarded. Late work should be submitted electronically in the usual way.
If the penalty for late submission exceeds the mark awarded for the component then the component will receive a final mark of 0%.
Digital Submission of Coursework Instructions
Logon to Blackboard.
Access the appropriate Module site.
Click the Assignment menu button which appears on the left of the screen.
In this folder you will see a file entitled ‘Student Declaration form’. You need to complete this
form and incorporate it as the first page of your coursework (not two separate files).
Click Coursework. Please read the statement of originality before you click “submit”. By submitting work you are agreeing to this statement and confirming it to be true.
Complete the dialogue box with your forename and surname
To submit your coursework, locate the correct file on your computer by clicking the “browse”
button and enter a title for the coursework (we suggest the module code and your student ID
MNB108 123456). Click SUBMIT
You will then be asked to check if the document is the one you wish to submit and if so click
“YES, SUBMIT”
You will then receive a message saying “paper successfully complete”.
BLACKBOARD will then send you a confirmation email of submission. Please keep this
receipt safe as evidence of your submission.
If you experience any difficulties submitting your work via Turnitin please contact the Student Hub
straight away at SoMAssessment@swansea.ac.uk
Notes on Style and Word Count
Assignments are a critical part of the learning experience and development for scholars at Swansea University. Practice will pay dividends when it comes to honing your skills in report and essay writing. Students are therefore encouraged to submit the highest quality work they can to reach their
6
maximum potential. Students with concerns about how to present their work can consult with the Module Co-ordinator for guidance in addition to the notes listed below:
[Main Assignment] The maximum word limit for the main assignment (excluding tables, contents page, footnotes, charts, graphs, figures but including in-text references) is 2000 words. The word count must be stated in the assignment cover sheet.
Markers will stop marking once the word count [or time limit] limit has been reached, likely leading to a reduced overall mark as key arguments or conclusions will not be included in the marked work.
Students who submit work that is below the word limit will not be penalised. This is because students will not have taken full advantage of the word limit available to them, which in itself may constitute a penalty.
Video, Audio or other Assessment Types
For some assessments students may be required to submit a video, audio or other digital media item. The University’s overarching privacy policy advises students that the University will collect photographs and video recordings for the purpose of recording lectures, student assessment and examinations. This processing and storage of this information is lawful as it is necessary for the performance of a contract with the student and will apply to any personal data that we process for the purposes of administering and delivering their course of study. https://www.swansea.ac.uk/media/Student-Data-Protection-Statement-18-19.pdf
Proof Reading
Please be aware of the university’s Proof Reading policy which sets outs what the university considers to be good academic practice in relation to proof reading. The School of Management allows proof reading but please be aware of the requirements around this including keeping an evidence trail relating to any proof reading and whether it is formal or informal. Further information can be found here.
7
The post Comparable Companies Analysis (CCA) appeared first on Smashing Essays.
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
