Matthew Miller
Equity Research Analyst at CFRA Research- Claim this Profile
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English -
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French -
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Bio
Credentials
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CFA
CFA InstituteDec, 2010- Sep, 2024
Experience
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CFRA Research
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United States
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Financial Services
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100 - 200 Employee
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Equity Research Analyst
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Oct 2016 - Present
Equity research, valuation and publishing buy/hold/sell recommendations on stocks in three sectors: Materials, Energy, and Industrials. Author of three industry surveys and other major thematic industry research publications. Equity research, valuation and publishing buy/hold/sell recommendations on stocks in three sectors: Materials, Energy, and Industrials. Author of three industry surveys and other major thematic industry research publications.
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S&P Capital IQ
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India
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1 - 100 Employee
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Equity Research Analyst
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Sep 2014 - Oct 2016
Equity research, valuation and publishing buy/hold/sell recommendations on stocks in three sectors: Materials, Energy, and Industrials. Author of three industry surveys and other major thematic industry research publications. Equity research, valuation and publishing buy/hold/sell recommendations on stocks in three sectors: Materials, Energy, and Industrials. Author of three industry surveys and other major thematic industry research publications.
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London Capital Management
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United Kingdom
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Hospitals and Health Care
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Equity Research Analyst
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Oct 2011 - Aug 2014
• Providing bottom-up value-driven fundamental analysis in support of Canadian and U.S. equity portfolios (approximately $8 billion in assets under management): create and update complex financial models; meetings with senior management of public companies; written reports and presentations of my recommendations to portfolio managers; constant monitoring of news flow • Sectors of responsibility: Energy and Consumer Staples • Constant analysis of the fundamentals for key commodity benchmarks and basis differentials (e.g. macro supply and demand forecasts; regional takeaway capacity & infrastructure constraints; refinery demand for different crude slates; & weekly inventory reporting from Dept. of Energy) • Exploration & Production (E&P) modeling and stock price valuation: developed complex business models with financial statements for over 20 public energy companies: production forecasts, production mix (oil vs. gas vs. NGLs), corporate decline rates, finding and development costs, operating costs and netbacks, tax pools, commodity price assumptions, net asset valuation (NAV), analysis of reserve reports and sensitivity models to changing commodity prices • E&P peer group ranking: cash flow per share growth; production per share growth; quality of assets; commodity exposure; quality of management teams; balance sheet strength (debt to cash flow); and valuation (price to cash flow; enterprise value (EV) to debt-adjusted cash flow; price to NAV; and EV to reserves) • Developing quantitative models for new mandates • Performing attribution analysis • Back-up trader duties: work trading desk once or twice per month • Experienced Bloomberg and Thomson One user Show less
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GoodLife Fitness
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Canada
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Wellness and Fitness Services
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700 & Above Employee
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Senior Financial Analyst
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Sep 2008 - Oct 2011
Financial Statement Analysis Budgeting / Forecasting M&A Due Diligence • Performed due diligence on two major acquisitions: interviews with management; financial statement analysis; detailed auditing of revenue and cash flow records; pro-forma financial statements; return on investment (ROI) calculations; and target earnings (EBITDA) multiple for acquisition price • Daily cash-flow forecasting and banking covenant management • Preparation and constant monitoring of detailed budgets for 275 clubs and several home-office departments; constant communication with executives on budgets and strategy Show less
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Financial Analyst
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Nov 2006 - Sep 2008
• Monthly financial statement analysis and preparation of CFO commentary presented to the board of directors • Pioneered first detailed budget by location and dept.; Performed monthly variance analysis, resulting in greater accountability and a better focus on cost drivers • Capital budgeting analysis: net present value, internal rate of return, and lease vs. buy • Developed extensive business models to perform sensitivity analysis and capital requirements • Monthly financial statement analysis and preparation of CFO commentary presented to the board of directors • Pioneered first detailed budget by location and dept.; Performed monthly variance analysis, resulting in greater accountability and a better focus on cost drivers • Capital budgeting analysis: net present value, internal rate of return, and lease vs. buy • Developed extensive business models to perform sensitivity analysis and capital requirements
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Education
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2004 - 2006
Concordia University
MBA, Finance -
1999 - 2003
Colorado State University
BA, Finance, Accounting
Community
