FNCE5006 Financial Statement Analysis

This assessment requires students to conduct financial statement analysis, valuation, and investment recommendation for a publicly listed company. Students are required to work in groups for this assignment.

An important element of this project is the requirement of identifying and obtaining relevant, publicly available information. Therefore, you should ensure that you are able to access sufficient information for your selected company. Annual reports of the companies are uploaded under assessment tab of the Blackboard.

Written Section (35%)

This project requires you to conduct financial statement analysis of a publicly listed company for the year 2022. By now, one of the following companies should be allocated by your lecturer (if not, please contact your lecturer asap).

• Wesfarmers Limited (Stock Code: WES)
• Woolworths (Stock Code: WOW)
• important element of this project is the requirement of identifying and obtaining relevant, publicly available information. Therefore, you should ensure that you are able to access sufficient information for your selected company. I have uploaded the relevant annual reports in the Blackboard for your convenience.

Task: Perform a valuation of your allocated company using an appropriate discounted cash flow model. Carefully explain the assumptions used to select inputs for your model. On the basis of your work make an investment recommendation.