LINC

Research & Analysis

LINC R&A: Fundamental Analysis, Equity Research, M&A & Trading and Quantitative Research

With more than 40 student analysts, LINC R&A’s purpose is to provide the most ambitious students at Lund University with the adequate tools, a network, and the right skillset to break into the field of finance. During any given day of the semester, you will find several of our analysts in LINC’s Bloomberg Finance Lab, which is one of the largest within the Nordics.

Semester 1: In your first semester in the Research & Analysis program, you will join the Fundamental Analysis team. Here, you will learn the basics of analyzing stocks and understanding valuation methods in finance. The semester includes interactive lectures, challenging homework, and ends with creating and presenting a stock pitch. For those who enjoy math and finance, the Trading and Quantitative Research track might be the right fit, offering a deeper dive into numerical analysis within the financial field.

Semester 2: Building on your knowledge from the FA program, you will choose between continuing with Equity Research or exploring Mergers and Acquisitions (M&A). Each path offers different learning opportunities, allowing you to shape your education according to your career goals.

Fundamental Analysis

If you’re eager to grasp the fundamentals of business analysis, understand stocks, and valuation methods, Fundamental Analysis is the perfect starting point.

Equity Research or M&A

The Equity Research team is aimed towards students that possess an interest in stocks and investing. In M&A, you will delve into what makes a company an attractive acquisition target.

Trading and Quantitative Research

What is high-frequency trading? What is risk management? Learn more about a quantitative career in finance.

Read more about the teams within R&A

Why should you join?

R&A is a unique offering within LINC that aims toward educating the most ambitious students at Lund University within the field of finance. R&A acts as a complement to the academic approach taught by the university. Thus, R&A teaches the analysts how to apply theoretical concepts in a practical environment, and enables them to learn key skills applicable in finance that are not taught by their study discipline. In-part due to the knowledge gained through R&A, previous analysts have received offers from prestigious firms like Fidelity Investments, Goldman Sachs, JPMorgan, Deutsche Bank, ABG Sundal Collier, BNP Paribas, Nomura, SEB, Nordea and more.

Jacob Grimbrandt

Head of Research & Analysis

Research@linclund.com

Applications are closed

Applications open in January for Fundamental Analysis. For Trading and Quantitative Research the next application period is in August/September.

Applications are closed

To get in contact with us, feel free to come down to LINC’s Bloomberg Finance Lab, as there will almost all of the time be members of R&A in the lab that are willing to answer any questions you might have. You find the lab in the lower level of the main building of the School of Economics and Management at Lund University (Tycho Brahes väg 1, 223 63 Lund) – alternatively, feel free to send an e-mail to research@linclund.com for any questions. For questions regarding Trading & Quantitative Research, contact tqr@linclund.com .

Software applied in our research

Recently Published R&A Reports

Driven Brands

In this pitch deck, analysts Linus Öberg, Filip Berg, and Axel Andersson deliver a comprehensive analysis of Driven Brands. The company is the largest comprehensive automotive service platform in the U.S. with well-renowned brands.

Vistry Group

In this pitch deck, analysts Samuel Ullmann, Svante Jansson and Fredrik Lyrvall deliver an in-depth analysis of Vistry Group PLC (“Vistry”), the leading provider of affordable mixed tenure homes in the UK. With the recent transition into a full-on capital-light partnerships model, Vistry is set to release and distribute upwards of GBP 1bn in tied up capital while also achieving an estimated return on invested capital of 43.5% in 2026E. Due to the transition not yet being fully priced in and Vistry continued to be valued on book value, the analysts derive a target price of 2,502 GBX, equivalent to an upside of 107.7% or a five-year ARR of 24.3%.

Matas Group

In this pitch deck, analysts Axel Grahn and Gent Kita Elezi deliver a thorough analysis of Matas Group, the Nordic leader in health and beauty, emphasising its brand assortment expansion, financial health and potential market growth. By utilising various valuation methods such as DCF and LBO models, the analysts derive a target valuation range of DKK 6,500 – 8,700m. The following section includes a selection of assumptions underpinning this valuation, and highlights some of the insights from which the investment considerations were made.

Bahnhof

In this presentation, analysts Wictor Bodelind and Gustaf Tamm present an in-depth financial analysis of Bahnhof AB, Sweden’s fastest growing telecom operator, positioning it as a compelling target for potential transactions. Leveraging multiple valuation methodologies, a preliminary assessment indicates an enterprise value in the range of SEK 4,750 – 5,600m. A robust investment opportunity expected to appeal to a wide range of strategic investors and financial sponsors.