Financial Analysis

Write an equity research report on Smiths Group Plc which should include the following:i) a summary page of the report and recommendation (max. Marks: 10%).ii) the companys strategic and accounting analysis (max. Marks: 30%).iii) the companys recent financial performance, using ratio analysis, as reflected in the latest published financial statements (max. Marks: 20%).iv) the intrinsic (i.e. fundamental value) of the equity capital of the company using abnormal operating profit and free cash flow valuation models (max. Marks 30%). You must include detailed forecasting assumptions, WACC calculation and sensitivity analysis.v) A brief summary of rationales for using abnormal operating profit and free cash flow models (max. Marks 10%). You should support your arguments with academic articles.Maximum length: 2000 words. You should use the latest published annual report.

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