Management School – Undergraduate Coursework Specification

Module Code: MGT3009 Coursework Code: MGT 3009-1
Module Title: Corporate analysis and valuation
Date Available: 19 October 2022
Submission details:
Final report deadline: 12th December 2022, 12pm (noon)

Electronic submission only through Blackboard
You are now allowed to utilise the Turnitin Check before the assignment deadline which can be accessed via the information room. This allows you to generate
an originality report and use this to improve your referencing and citation skills.
Please note: Turnitin Check is NOT the final submission – you still need to submit your work to the Assignment Link on the module Blackboard site,
otherwise it will be marked as Not Submitted.
You should note that the time of submission is taken from once the document has been successfully uploaded and confirmed – this may take more than five
minutes during busy periods. Late penalties will be applied to any work submitted from 12.01 pm on 12/12/2022 onwards. Details of how to calculate a late
penalty can be found in your programme Handbook. It is your responsibility to ensure the correct document/file has been uploaded successfully.
When submitting students must:
1. Include a completed cover sheet (available from Blackboard (MOLE))
2. Use ‘Student Number, MGTXXX-1’ (e.g. 190011001 MGT3009-1) as the document’s file name and also as the Assignment Title in Turnitin.
Contribution to Final Mark for Module:
100%
Maximum Word Length: 4000 words
The word count is for the main body of the text and ignores the reference list and appendices. If you exceed the word length you will be penalised. For details
see the Management School Handbooks. Please note that SUMS does not have a word count tolerance - it is a stated maximum.
Requirements:
As a fund manager, you raised one billion dollars to invest in four U.S. companies of your choice. You got the full trust of your investors. Your investment
started in January 2010. It is the end of 2022. You are required to produce a detailed overview of your investments and their successes/failures to a group of
company analysts. The report should:
1. Provide a clear overview of the investment approach that you relied on when choosing the companies. This overview should be backed by a clear justification
of why you expect this approach to be profitable. (20 marks)
2. Describe the companies and analyse the economic/business environment in which they operate. This includes evaluating the main drivers of the share price
performance and risk using the appropriate quantitative measures and quantitative analysis. (20 marks)
3. Present the approach and constraints used in determining the weights of companies in your portfolio. (20 marks)
4. Assess the performance of your strategy for the period between January 2010 and September 2022 using a wide range of metrics and comparable investment
strategies. You should also emphasize the role of each company in driving your investment performance. (20 marks)
5. Highlight the impact of the COVID 19 pandemic on the companies using the appropriate valuation metrics and discuss possible adjustments in your
investments for the upcoming years. (20 marks)
General requirements
It is expected that you will draw upon a range of literature, academic and industry journals, Bloomberg, and other information sources throughout your report to
provide support for your arguments.

Feedback on this assignment will be provided to you in writing within the agreed university turnaround time. Individual meetings are available on request to
discuss the feedback.


Assessment criteria <40% (Fail)
40-44%
(Pass)
45-49%
(3rd class)
50-59%
(2.2 )
60-69%
(2.1)
70% -79%
(1st class)
80%+
(1st class)
Criterion 1 20/100
Provide a clear overview of the
investment approach that you relied
on when choosing the companies.
This overview should be backed by
a clear justification of why you
expect this approach to be
profitable.
Little or no
discussion of the
motives for
choosing the
companies.
Inaccurate overview
of the investment
philosophy, the
firms, and their
economic
environments.
Superficial discussion
of the investment
philosophy, firms, and
economic
environment.
The investment
philosophy and the
chosen firms are
clearly presented to
the shareholders.
The motivation behind
the investment
philosophy and the
choice of firms are
backed by empirical
evidence from prior
research.
A clear and convincing
analysis of the choice of
investment philosophy,
backed by a detailed
empirical justification of
why the chosen firms
are aligned with the
philosophy.
Outstanding, in-depth,
consistent, and convincing
rationale for choosing the
firms based on an empirically
justified investment
philosophy.

Criterion 2 20/100
Describe the companies and
analyse the economic/business
environment in which they operate.
This includes evaluating the main
drivers of the share price
performance and risk using the
appropriate quantitative measures
and quantitative analysis.
No relevant
description of the
firms is provided.
Brief description of
the companies and
the factors shaping
their performance.
Companies are
presented and some
factors identified, with
an attempt to evaluate
these in the context of
the portfolio’s aims.
Companies are
presented and key
risks are identified
with some attempt
to measure and
evaluate these.
Companies are
presented in a rich
and accessible
manner. A range of
risks is identified with
a thorough attempt to
measure and evaluate
these.
Companies are
presented
professionally and
comprehensively.
Most/all risks identified,
with a comprehensive
attempt to measure and
evaluate these.
Outstanding and in-depth
presentation of the
companies and the factors
influencing their performance
as part of a consistent and
clear narrative presented to
the investors in the fund.
Criterion 3 20/100
Present the approach and
constraints used in determining the
weights of companies in your
portfolio.
Little or no attempt
to justify the
choice of portfolio
weights.
A basic and limited
justification of the
choice of portfolio
weights.
A generalized
description of portfolio
construction with
limited link to the
context of the firms.
A sound use and
discussion of the
portfolio
construction
approach.
A good and thorough
attempt at developing
an appropriate
portfolio selection
approach that fits the
fund investors’ needs.
The presentation of the
portfolio construction at
a professional level,
with specific
adjustments in the
commonly used
methods to suit the
investment needs.
Outstanding and in-depth
use of a unique portfolio
selection approach that is
tailored to the fund
manager’s general
macroeconomic expectations
and the risk appetite of the
fund’s investors.
Criterion 4 20/100
Assess the performance of your
strategy for the period between
January 2010 and October 2021
using a wide range of metrics and
comparable investment strategies.
You should also emphasize the role
of each company in driving your
investment performance
Little or no use of
relevant
performance
measurements
and the
contribution of
specific firms to
portfolio
performance.
A brief use of
performance metrics
and a limited
overview of the
firm’s contribution to
investment
performance.
A general application
of a range of valuation
metrics.
Sound use of
assessment metrics.
Good use of
assessments metrics
with a clear emphasis
on how they apply to
the chosen
investments.
Well-developed range
of assessment metrics
backed by the relevant
industry and academic
literature. A clear and
convincing justification
is presented of why
these metrics fit the
investments at hand
and the role played by
firms in influencing
performance.
Outstanding and in-depth
use of a rich set of
assessment metrics with a
detailed and convincing
analysis of the firm’s
contribution to portfolio
performance.
Criterion 5 20/100
Highlight the impact of the COVID
19 pandemic on the companies
using the appropriate valuation
metrics and discuss possible
Little or no attempt
to assess the role
of the pandemic in
influencing
investment
returns.
Limited description
of the challenges
posed by the
pandemic.
Brief coverage of the
pandemic’s impact.
Satisfactory
overview of the
pandemic’s
influence on the
investment and the
steps to be taken.
Good overview of the
pandemic’s impact
with the appropriate
emphasis on the
portfolio’s components
Clear and numerically
transparent assessment
of the pandemic’s
impact with direct
recommendations.
Outstanding, in-depth,
consistent, and convincing
narrative of the pandemic’s
impact, backed by clear
analysis and direct
recommendation.
adjustments in your investments for
the upcoming years.
Referencing: You must reference your work correctly using the Harvard method. Failure to do so will result in the deduction of marks and possible proceedings
under the University's Regulations as to the Use of Unfair Means
Independence of working:
You are reminded of the University's Regulations on the Use of Unfair Means, which are outlined in the School's Handbooks. Should you be found to be in
breach of them you will be subject to disciplinary procedures.
Other Submission Details:
Your work should be presented in a professional manner in line with normal presentation conventions expected of a fund manager’s report.
Other matters:
Na