Haomiao Ma马浩淼

Competition work · Finance

An equity pitch: CATL & BYD

UBS Finance Challenge

A student Long CATL / Short BYD pitch combining fundamental research and scenario valuation.

What I worked on

  • Led CATL fundamental analysis for a Long CATL / Short BYD competition pitch.
  • Contributed to PE/PB valuation under three scenarios and the supporting model.
  • Prepared research materials and an English pitch deck with the team.

Competition work / UBS Finance Challenge

Valuation follows assumptions.

CATL · 2026E · Three-scenario valuation draft

Base scenario297.60CNY / share · Implied price
CATL scenario valuation2026E working assumptions. Bear: 232.2, base: 297.6 and bull: 389.5 CNY per share. The vertical line marks EPS multiplied by PE.200250300350400Bear232.2Base297.6Bull389.5ScenarioImplied price (CNY / share)

2026E working assumptions · Internal model draft · Slider bounds use source scenario extrema · No live quote