FMWC Classics

Stage 3 (2021) “FMWC Classics”


This is an actual case from the Financial Modeling World Cup 2021, Stage 3 (Mar 26-29) competition. This case provides you with the company’s financials. Using the given data and assumptions, you will have to build a 3-way financial statement forecast and perform a company valuation.

The downloadable file consists of the following:
Task: Excel file with given case assumptions; PDF file with Case Materials; PDF file with Questions
Solution: 2 Excel files with full Solution Models for different scenarios; PDF file with correct Answers in Bold

This model awarded 600 points, while the whole 2h Stage allowed to earn 1,000 points in total.

For your questions/suggestions/consideration please reach out to the Organizing Committee of the Financial Modeling World Cup at