Mercury General Valuation
The valuation is attached in an Excel file. Mercury General Corporation (MCY) Name: Mercury General CorporationTicker Symbol: MCY (NYSE)Founded: 1961 by George JosephHeadquarters: Los Angeles, California, USAIndustry: Insurance – Property & Casualty (P&C) Company Overview Mercury General is a California-based property and casualty insurer best known for its auto insurance operations. The company maintains a conservative balance sheet, a stable dividend history, and focuses on personal and small commercial lines across select U.S. states, with California being its dominant market. General Notes Valuation Considerations DCF & COMPS ANALYSIS Scenerios & Stock Intrinsic Values: DCF Worst Scenerio: $67,8 COMPS Worst Scenerio: $139,9 DCF Base Scenerio: $124,0 COMPS Base Scenerio: $147,1 DCF Best Scenerio:…
Uber Valuation
Industry:Technology/Transportation Year Established:2009 Market:Operates in over 70 countries and 10,000+ cities worldwide. Business Model: Connects riders and drivers via its app(largest growth), food delivery (Uber Eats) and logistics (Uber Freight)(declines a little). Takes a commission on transactions (usually 20–30%). IPO: Went public in May 2019. Recent Strategy Shifts: Focus on profitability after years of losses, Upfront pricing model boosted margins. Heavy investment in autonomous vehicle partnerships nowadays, which was one of the main reasons(autonomous driving technology) for undervaluation of the company. Controversies & Challenges: Faced lawsuits and regulatory battles over driver classification. Needs to provide more incentives to keep drivers. Criticism over surge pricing, safety incidents, and early aggressive corporate…
Small Project for Organization of Production Preparation Class
I made a small production preparation process project based on a bicycle production.
Abstract: VARIABLE PAY SYSTEMS AND/OR COLLECTIVE WAGEBARGAINING? COMPLEMENTS OR SUBSTITUTES?
Short Abstract Writing homework for my Payment System Course.
Abstract for the Research Paper “Management Compensation Systems in Central and Eastern Europe: A Comparative Analysis” Berber et al. (2017)
Short Abstract writing homework for my Payment System Class.
Stock Portfolio Update 26.08.2025
On January 3, 2025, I liquidated my entire portfolio for personal needs, CFA L1 exam fees and stuff.On February 28, 2025, I re-entered the stock market, this time focusing exclusively on U.S. exchanges, with most holdings headquartered in North America (including some from Canada). From February 28, 2025 to August 5, 2025 in a span of 170 days my portfolio achieved a gain of 15.30% in U.S. dollar terms, which translates to an annualized return of approximately %33,47. With the recent Interest cut by the Fed, I believe there might be still upward potential even though I initially thought we were approaching the peak.
Samsonite International Valuation
Samsonite International operates in the travel products sector. In this valuation, I did not cover all details due to time constraints caused by my studies. Instead of using reinvestments and ROE or preparing detailed revenue and cost schedules, I based my future growth rate assumptions on past growth years, making some adjustments to past averages to ensure reasonable projections. I used both the exit multiples method and the perpetuity model to determine the terminal value, applying a weighted average depending on the business sector. Additionally, I assumed that amortization and reinvestment grow at a constant rate, equal to the average growth rate of total costs (excluding COGS) from past years.…
Pinterest Valuation
Pinterest Inc. operates in the electronics/entertainment sector. In this valuation, I did not cover all details due to time constraints caused by my studies. Instead of using reinvestments and ROE or preparing detailed revenue and cost schedules, I based my future growth rate assumptions on past growth years, making some adjustments to past averages to ensure reasonable projections. I used both the exit multiples method and the perpetuity model to determine the terminal value, applying a weighted average depending on the business sector. Additionally, I assumed that amortization and reinvestment grow at a constant rate, equal to the average growth rate of total costs (excluding COGS) from past years. I…
Marketing EXC Project “Learn VR”
For this project, we launched a company featuring a unique product and executed its marketing strategy. Both the report and the presentation were prepared by me.
Marketing Lecture Project
I have prepared a project about Segmentation, targeting and Positioning in Marketing with case studies from the markets in Turkey and Poland. I have done the report by myself and my colleague Sara and I prepared the presentation together on canva the platform. Link to our presentation: https://www.canva.com/design/DAGdg-dx8wQ/ruS7QhTx3R_tGVM3JQDphg/edit?utm_content=DAGdg-dx8wQ&utm_campaign=designshare&utm_medium=link2&utm_source=sharebutton
Financial Modeling & Valuation Analyst Course By Corporate Finance Institute
I spent around 2 months and between 150-200 hours in order to obtain the certificate. I used OneNote to save all notes and formulas. OneNote also helped me with printing my notes by saving as pdf because I study more effectively with physical study materials. I think the course is very useful for people who are willing to learn or getting better at building financial models or making valuations through Microsoft Excel. If a person completes all courses with a good grasp, in my opinion the final exam is not very difficult to pass. The most important thing in order to pass it is understanding how to build financial models…
Beam Calculations Project for my Strength of Materials Lessons
This Project consists of engineering calculations for a beam. Most of the calculations and drawings were done by me but my friends also helped me at certain points in the project.
Short Essay for Marketing Lecture
For the Marketing lectures I wrote a short essay summarizing the topics that we have covered in the class. I also benefited from ChatGPT at some points.
Small SQL Database Project For the Computer Programming 2 Lecture
I made a small SQL database project for my computer programming 2 lecture subject in my University.
IIPR Valuation
Undetailed Valuation: Green Thumb Industries. Reit company that specialized in cbd/hemp farming sector. We could not make and use working capital schedule because of the nature of the reit business sector. On this valuation I did not cover all details due to lack of time because of my studies: Instead of using reinvestments and roe or using revenue and cost schedules , I used growth years of past years for my future growth rate assumption and I made some adjustments on past year growth averages to make my assumptions more reasonable. I both used exit multiplies method and perpetuity model for finding terminal value and used weighted averages of them…
GTBIF Valuation
Undetailed Valuation: Green Thumb Industries. One of the largest market cap cbd/hemp companies. The only one with sustainable net profits and high growing rates. on this valuation I did not cover all details due to lack of time because of my studies: I did not use detailed schedules beside working capital schedule and I made my assumptions mostly from past years growth rates. Instead of using reinvestments and roe, I used growth years of past years for future growth rate assumption. I mixed exit multiplies method and perpetuity model both for finding terminal value, and I assumed that amortization and reinvestment have the constant growth rate as the average growth…
A Small Project for Finance Classes
In our finance lessons, we had to develop a simple business plan which a company that has only one type of product and then we had to create income statement and cash flow statement from that information. Basic income statement and cash flow statement of that fictional business is in the attachments as excel file.
Essay On “GME Case” in Stock Market
This is an essay ı wrote about GME case in stock market. I wrote it to my sociology lessons which is the reason why I focus of psychological behaviour underlying stock markets and GME incident in focus.
Short Presentation about Delphi Method
This is a short presentation that explains delphi method briefly. I presented it with my 2 other friends in our basics of management lesson.
Project for Organization Theory lessons
On my small project, my friends and I had to publish a company and explain it detailed as a project homework for Organization Theory. Thus, we decided to start a online language teaching platform that helps individuals to learn new languages. The pdf file of my project has attached to this page.
Stock Portfolio 22.04.2024
TOTAL GAIN(20.04.2024):+100.10% (₺) / +51.49% ($) for period about 1.5 years, strongly outperformed the s&p500 TURKEY STOCK MARKET (₺) KRDMD: IRON AND STEEL PRODUCTION AVERAGE COST/SHARE:20.22(₺) LAST PRICE:24.40(₺) TOTAL GAIN:20% EREGL: IRON AND STEEL PRODUCTION AVERAGE COST/SHARE:37.78(₺) LAST PRICE:41.22(₺) TOTAL GAIN:8% THYAO: AIRLINES AVERAGE COST/SHARE:141.16(₺) LAST PRICE:302.50(₺) TOTAL GAIN:114%(₺) VERTU: VENTURE CAPITAL (CLOSED) AVERAGE COST/SHARE:37.12(₺) LAST PRICE:46.60(₺) TOTAL GAIN:25.53%(₺) OZKGY: REIT (CLOSED) AVERAGE COST/SHARE:(8.27₺) LAST PRICE:13.67(₺) TOTAL GAIN:-39.49%(₺) OZGYO: REIT (CLOSED) AVERAGE COST/SHARE:3.98(₺) LAST PRICE:5.58(₺) TOTAL GAIN:40.17%(₺) HUBVC: VENTURE CAPITAL (CLOSED) AVERAGE COST/SHARE:(6.58₺) LAST PRICE:12.68(₺) TOTAL GAIN:92.72%(₺) GSDHO: HOLDING (CLOSED) AVERAGE COST/SHARE:(3.8066₺) LAST PRICE:4.4100(₺) TOTAL GAIN:15.7286%(₺) GLRYH: HOLDING (CLOSED) AVERAGE COST/SHARE:(7.15₺) LAST PRICE:12.07(₺) TOTAL GAIN:68.82%(₺) DOAS: AUTOMOTIVE AVERAGE COST/SHARE:(152.46₺) LAST…
RITHM Capital Valuation
Undetailed Valuation: Real Estate investment firm (like a REIT). has stable high divident rates. gordon growth model valuation: 8,12, Dcf valuation: 42,45 and Cca valuation: 125% growth oportunity. Has so much better ratios then sector averages and comparable companies. on this valuation I did not cover all details due to lack of time because of my studies: Instead of using reinvestments and roe, I used growth years of past years for future growth rate assumption. I used exit multiplies method for finding terminal value, and I assumed that amortization and reinvestment have the constant growth rate as the average growth rates of past years, in more comprehensive valuations, percentages of…
Porsche SE Holding valuation
Undetailed Valuation: Holding company owns porsche and volkswagen (25%)both companies are not so underpriced, about fair value. So it includes some risks involved in it when we take into account the expectation about automobile industry and the european economy. on this valuation I did not cover all details due to lack of time because of my studies: Instead of using reinvestments and roe, I used growth years of past years for future growth rate assumption. I used exit multiplies method for finding terminal value, and I assumed that amortization and reinvestment have the constant growth rate as the average growth rates of past years, in more comprehensive valuations, percentages of…
Mullen Group Valuation
Undetailed Valuation: A small trucking and warehouse company, Trucking and warehouse companies are undervalued in general but according to Compared Companies analysis Mullen Goup is approx. %30 undervalued regarding sector ratios. FCF estimates %200+ growth potential but sector averages are low. In summary it is a small company but can be good opportunity to invest in. on this valuation I did not cover all details due to lack of time because of my studies: Instead of using reinvestments and roe, I used growth years of past years for future growth rate assumption. I used exit multiplies method for finding terminal value, and I assumed that amortization and reinvestment have the…
IG Group Holdings Valuation
Undetailed Valuation: London based international investment broker company, 92% of ownership holded by institutions. I did not make comparable companies analysis/ratio’s valuation because of the structure of the company. on this valuation I did not cover all details due to lack of time because of my studies: Instead of using reinvestments and roe, I used growth years of past years for future growth rate assumption. I used exit multiplies method for finding terminal value, and I assumed that amortization and reinvestment have the constant growth rate as the average growth rates of past years, in more comprehensive valuations, percentages of amortizations and reinvestments regarding sales should be used.