Free download equity research report

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Whitbread plc Equity Research Report. Harmeet Singh Walia. A short summary of this paper. Download Download PDF. Translate PDF. Its liquidity is reasonable though it decreased recently and its working capital is managed reasonably efficiently. Whitbread also has good cash flow. The financial statements of the company show good results and good prospects for the future can be assumed.

It has a good strategy for growth within the UK and for expansion in the emerging markets. The company has high sales forecast and the intrinsic value is good. The company has a few negative cash flows in the immediate future because of investments for expansion in Middle East and India and possible expansion in Indonesia and Thailand , but the prospects for the near future are very bright, as the investments would yield good returns.

Though the long term growth rate is expected to be low, consistent growth in the recent past and expectations for the same in the near future are good signs. This analysis is in line with PEG ratio of 2. However, this also represents a high investor confidence in the company. We must also take into consideration the strong financials of the company and a very real potential to grow.

With all this in mind, my recommendation is for the stock of Whitbread to hold. Restaurants: Whitbread has over restaurants in the UK. It has 43, employees and 2. The company has had good cash flow and profits last year, therefore reducing its net debt and financing capital investments.

I do not look at the Valuation section in these reports. I only read the other sections. It is useful to get a summary of the sector and the business behind a particular stock.

It adds to what one might have missed in the material that the company discloses on their website. There are certain companies which do not have earning calls with analysts. Still, they interact on a one-to-one basis with analysts if need be. This information reaches the research report. It is tough to get this data on your own. Theoretically, if one is a shareholder of a company even if you own one share you can reach the Company Secretary details on the company website and ask queries to the extent that the company is disclosing information to the public.

Practically, getting access to management it is not easy. Management might make you run through hoops or make you wait. The same management might open up to an analyst from a broking house even if they do not own shares in the company.

Research reports are a valuable part of the investing process, provided you do not get carried away with target prices and recommendations, which might be biased.

Read them for the facts only. You can use these links to various Google Groups which I use regularly. I recommend not using the email option when you sign up for any Google Group. It may lead to clogging your inbox because some of these groups are updated very frequently.

It might be better to check it intermittently. Alternatively, when you actually want a particular stock research report, go to these groups and check whether there is any relevant report. I hope this is useful to you too. If you use any other resources which are free, do let me know. I will share it with the Capital Orbit Community.

Over people who have already signed up. Start off. Learn how to invest in stocks for the long-term. Kunal Pawaskar Investor. Founder of Capital Orbit. Join me in making smart investing decisions. Thanks Kunal. It is fundamentally very strong. The current promoter used to be the client of this loss making company. For example, in the Shawbrook report we state that the U.

The same differences apply to the Shawbrook research report vs. But no matter how you slice it, most equity research reports are watered-down stock pitches. In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron. Free Exclusive Report: page guide with the action plan you need to break into investment banking - how to tell your story, network, craft a winning resume, and dominate your interviews.

We use Word templates. Is it possible if you can send me a template in word of an equity report? It will help the graduate stock management fund a lot at Umass Boston. We have editable examples of equity research reports in Word, but we generally only share PDF versions on this site.

Hey Brian Can you please help me with coverage initiated reports on oil companies. I could not find them on the net. I need to them to get equity research experience, after which only I will be able to get into the field. I searched but reports could not be found even for a price.

Do u know how investment bankers design and layout an equity research? And how to create and layout one? I am a Chinese student and now study in Australia. Is the Morning Star a good resource for research report?

And there are new in coming regulation governing the ER reports have to explicitly priced and funds need to pay for the report explicity rather than as a service comes free with brokerage?

It may not be around in years, but it will still be around in another 10 years, though it will be smaller and less relevant.