INVESTMENT BANKING · VENTURE CAPITAL · VALUATION

Ahmed Wael
Metwally

M&A Advisory · Capital Raising · Early-Stage Investing · Valuation

14
3-Statement Models & DCFs
4
Markets Covered
3
Modeling Engines Deployed
3
Professional Certifications
01 — ABOUT

Who I Am

Investment Banking Analyst at Intercap Capital and Investment Associate at T-Six Ventures, working across M&A advisory, capital raising, and early-stage venture investing in Cairo. Previously Financial Analyst at MCDR, Egypt's central securities depository. CFA Level I Candidate, with Wall Street Prep (FMVC) and CFI (FMVA) modeling certifications. Independently built fourteen 3-statement models and DCF valuations across nine EGX sectors, extended one into a full transaction analysis with trading comps, precedent transactions, and accretion/dilution, and valued a private UK grocer using normalized EBITDA, comps, and a DLOM — alongside models on Tadawul and NASDAQ and three deployed financial modeling engines.

02 — EXPERIENCE

Career History

● Current Role

Investment Banking Analyst

July 2026 – Present
Giza, Egypt

Montreal-headquartered investment bank, FRA-licensed in Egypt for M&A advisory, capital raising, and valuations.

01

Build 3-statement models and DCF valuations for M&A and capital-raise mandates against trading comps and precedent transactions.

02

Prepare independent fair-market-value valuations and Opinion of Value deliverables issued under Intercap's FRA advisory licence.

03

Draft CIMs, teasers, and investor presentations forming deal packs taken to prospective buyers and investors.

● Current Role

Investment Associate

July 2026 – Present
Giza, Egypt
01

Structure early-stage rounds for T-Six portfolio startups — round sizing, dilution, and SAFE/convertible/equity cap tables.

02

Produce financial models, valuations, and pitch decks carrying startups from investor outreach through to closed rounds.

Financial Analyst

MCDR — Misr for Central Clearing, Depository & Registry ↗
November 2024 – July 2026
Cairo, Egypt

Egypt's central securities depository (CSD) and post-trade infrastructure operator for the Egyptian Exchange (EGX), regulated by FRA.

01

Valued EGX-listed companies through DCF and 3-statement models built in Excel, presenting investment cases directly to the CFO.

02

Processed corporate actions for EGX-listed issuers — dividends, splits, and capital increases — across settlement and clearing, custody and registry records, and FRA regulatory reporting.

03

Monitored a multi-million EGP investment portfolio against EGX, CBE, and FRA regulatory thresholds and disclosure rules.

03 — SELECTED WORK

Valuation & Transaction Modeling Projects

From-scratch 3-statement models and DCF valuations across four markets, one extended into a full accretion/dilution transaction analysis — alongside three deployed modeling engines and published research.

Transaction & Valuation Modeling — EGX, Tadawul, NASDAQ & UK (Public & Private)

4 markets · DCF + NAV
01

Constructed 14 3-statement models and DCF valuations across nine EGX sectors — Elsewedy Electric (SWDY.CA), Fawry (FWRY.CA), Telecom Egypt (ETEL.CA), Edita (EFID.CA) — adding NAV/RNAV for Talaat Moustafa Group (TMGH.CA).

02

Extended Misr Fertilizers (MFPC.CA) into full transaction analysis — trading comps, precedent transactions, and accretion/dilution on a hypothetical MOPCO–Abu Qir combination.

03

Applied normalized EBITDA, comps, and a DLOM to Iceland Foods Limited (private UK), recalibrating the same approach to Almarai (2280.SR), Qassim Cement (3040.SR), Elm (7203.SR), Jarir (4190.SR), and Apple (AAPL).

04

Stress-tested each model for mathematical accuracy and logic consistency, resolving tax sign errors, beta relevering faults, and double-counted debt, tracing every assumption to filed financials.

Published Research

DCF-anchored · PT vs. market
ARCC.CA Overweight

Arabian Cement

Building Materials & Cement
Price Target
EGP 80
Current
EGP 56.11
+43% Upside

Trading at a 43% discount to intrinsic value, with a net-cash balance sheet and a post-devaluation earnings step-change not yet in the share price.

SWDY.CA Underweight

Elsewedy Electric

Cables, Energy & EPC Infrastructure
Price Target
EGP 71
Current
EGP 91.19
−22.3% Downside

At 91 EGP the market prices in >12% perpetual FCF growth — above Egypt's nominal GDP; our DCF supports 71 EGP.

JUFO.CA Underweight

Juhayna Food Industries

Dairy & Beverage
Price Target
EGP 22
Current
EGP 28.09
−21.7% Downside

Input-cost pressure and a stretched multiple leave little margin of safety; our DCF lands at 22 EGP against a 28 EGP market price.

04 — CREDENTIALS

Certifications

In Progress

CFA Level I Candidate

CFA Institute
2026

Financial & Valuation Modeling Certification (FMVC)

Wall Street Prep
2025

Financial Modeling & Valuation Analyst (FMVA)

Corporate Finance Institute
View Credential ↗
05 — EXPERTISE

Skills & Tooling

Financial Modeling

3-Statement Modeling DCF LBO Merger Model Accretion / Dilution

Valuation & Analysis

Comparable Company Analysis Precedent Transactions NAV / RNAV DLOM DDM Scenario Analysis

Transaction Documents

CIM Teaser Investor Presentation Opinion of Value Pitch Book

Tools

Microsoft Excel (Advanced) Bloomberg Terminal PowerPoint Word
06 — EDUCATION

Academic Background

07 — CONTACT

Let's Talk

Investment Banking Analyst at Intercap Capital and Investment Associate at T-Six Ventures, based in Cairo. Open to conversations on M&A, venture investing, valuation, and financial modeling.

+20 103 278 2667 / Cairo, Egypt