ITC Limited
A multi-method valuation of ITC using DCF, sum-of-the-parts, relative valuation and exploratory econometrics.
₹372 target41% implied upside
Read the analysis →Economics · Finance · Analysis
Independent research on companies, transactions and public finance.
I’m a Durham Economics student producing valuation, M&A and quantitative analysis through financial modelling, Excel and R.
3published research projects
3 fieldsvaluation, M&A and restructuring
Open workmodels and supporting files available
Selected research
Analysis built from the model up.
Each project links the conclusion to its assumptions, calculations and source material.
OCS / Mitie
An assessment of the acquisition’s premium, strategic logic, financing burden and merger economics.
£3.1bn equity value46.8% premium
Read the analysis →Thames Water
A creditor-led analysis of the proposed recapitalisation, recovery waterfall and post-deal leverage.
£17.6bn net debt52% day-one gearing
Read the analysis →Independent writing
Currently working on
An open draft, including the remaining evidence and questions, so the research process is visible.
How Singapore finances public investment
Exploring how taxes, public wealth and household saving help finance Singapore’s infrastructure—and what the UK can learn from the comparison.
Read the idea and rough draft →