Cr.FA case studies
Cr.FA · Put your knowledge to work in context.
The Certified Financial Analyst (Cr.FA) is an independent, vendor-neutral credential for people who analyse securities, build financial models and make or support investment decisions. It suits equity research associates, corporate finance and FP&A staff, private-wealth advisers, and graduates moving into investment roles who want a single structured demonstration of applied analytical skill rather than a narrow product certificate. The Cr.FA case studies are 5 cases and about 3,703 words.
1Research Independence and a Cancelled Contract
Priya Raman, CFA, is a senior equity analyst at Meridian Research, a boutique with a small investment-banking arm. She covers Solara Grid, a listed utility.
786 words, about 4 min2Revenue Quality and Capitalized Cloud Costs at Redwood
Redwood Industrial reports FY2023 revenue of 480 million, up 12% from 428.6 million, and EBITDA of 96 million. Days sales outstanding rose from 45 days to 68 days; accounts receivable ended at 89.4 million versus 52.9 million a year earlier.
780 words, about 4 min3Factor Regression with 36 Observations
Daniel Okafor, CFA, builds a three-factor regression to forecast the monthly returns of the Kestrel Small-Cap Fund. He has 36 monthly observations from 2019 to 2021, an R-squared of 0.72, and coefficients on market, value, and momentum factors of 1.15 (t = 4.8), 0.62 (t = 2.9), and -0.35 (t = -1.6).
679 words, about 3 min4Talvania Peg, Carry Trade, and Reserve Adequacy
Talvania is a small open economy with a currency peg at 8.0 talvans per U.S. Inflation is 18%, the policy rate is 22%, and one-year local-currency government bonds yield 22.5%.
742 words, about 4 min5Northline: Project NPV, Delay Option, and Buyback Financing
Northline Manufacturing, with EBITDA of 150 million and debt of 300 million, is at its target leverage of 2.0x. The board is considering a 200 million project that would add 30 million of annual EBIT in perpetuity, starting in one year.
716 words, about 4 min