Summer Student at Dartmouth's Tuck School of Business
I developed a foundation in business analytics through a 4-week immersive program taught by MBA faculty, the Tuck Business Bridge Program. Collaborating with four others for the duration of the program, I developed strong teamwork skills. Early on, the team won a program-wide MarkStrat simulation– increasing market share by 33% and revenue by $372M.
Coursework included: Accounting • Business Communications • Corporate Finance • Entrepreneurship • Ethics • Managerial Economics • Marketing • Organizational Behavior • Reverse Innovation • Spreadsheet Modeling • Strategy
Capstone Project:
Applied classroom learning to team-based business analysis of Caterpillar Inc (NYSE: CAT). The team synthesized the company's historical financial data and researched its qualitative position to derive a DCF valuation and acquisition recommendation. We asserted CAT had an optimistic price target of $193 and a pessimistic target of $129. Positioned for strong long-term growth, we found CAT should be valued at $160 per share, 21% above its price at the time.
| Key Assumptions | Tax rate | 19% |
|---|---|---|
| Beta | 1.51 | |
| Terminal growth rate | 2% | |
| Terminal forecast year | 2029 | |
| Expenses decrease annually | 0.1% | |
| Key Calculations | MRP | 5% |
| WACC | 6.1% | |
| Equity value | $90B |
I took the initiative to research and analyze trends in the construction industry to determine Caterpillar’s competitive advantage, creatively integrating the analysis with technology and business goals. The project culminated in a well-received 20-minute presentation for faculty and industry executives. (video, 2:25:00)