1. The document discusses performing a financial valuation and sensitivity analysis of Qantas Airline, which is listed on the Australian Stock Exchange.
2. It involves constructing a characteristic line to determine Qantas' beta, which measures the volatility of its returns relative to the market. The beta indicates whether it is an equity or asset beta.
3. Historical financial statement data for Qantas from the past 5 years is rebuilt to extract relevant cash flow information needed for the net present value analysis.
4. Financial forecasts are made for Qantas for another 5 years, explaining the method used to derive the forecast data. A sensitivity analysis