INVESTMENT BANKING · M&A · VALUATION

Ahmed Wael
Metwally

M&A Advisory · Capital Raising · Valuation · Financial Modeling

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

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

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 model review work, 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, trading and transaction comps, and a DLOM to value Iceland Foods Limited, a private UK grocer.

04

Recalibrated the same from-scratch approach to Almarai (2280.SR), Qassim Cement (3040.SR), Elm (7203.SR), and Jarir (4190.SR) on Tadawul and Apple (AAPL) on NASDAQ.

Model Review & Quality Assurance

01

Reviewed third-party 3-statement and DCF models for mathematical accuracy and logic consistency, resolving tax sign errors, beta relevering faults, and double-counted debt prior to valuation sign-off.

02

Documented every model assumption to source, rebuilding schedules where inputs could not be traced 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 Dividend Discount Model Sensitivity & 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

2020 – 2024

Bachelor of Finance and Investment

Georgia State University, J. Mack Robinson College of Business ↗
07 — CONTACT

Let's Talk

Investment Banking Analyst at Intercap Capital, based in Cairo. Open to conversations on M&A, valuation, and financial modeling.

+20 103 278 2667 / Cairo, Egypt