Equity research · Valuation · Capital markets

Nangyal Rehman

Finance student at Memorial University of Newfoundland. I build valuation models and write equity research for a student-managed fund and for a private wealth team at RBC Dominion Securities.

See my work LinkedIn nrehman@mun.ca

1st PlaceCFA Institute Research Challenge, Atlantic Canada (2026)

$525KStudent-managed fund; Sector Manager for Materials, Financials and Energy

3.94Program GPA, Bachelor of Commerce (Finance)

1st PlaceCPA Data Analytics Hackathon (2025)

About me

From engineering to equity research

I started university in civil engineering and spent four years in it, with internships at PCL Construction, Pennecon and the Canadian Coast Guard. Somewhere along the way I got hooked on investing, and in 2025 I switched to the Bachelor of Commerce in Finance to do it full time.

Engineering still shapes how I work. I like building from the ground up, so my models start from the drivers I can see, like plant capacity, mine output or contract backlog, and I want every number to tie back to something I can defend.

Today I'm a Sector Manager at The Fund, Memorial's student-managed fund, a Data Analyst on a private wealth team at RBC Dominion Securities, and a teaching assistant for Introduction to Finance. I also co-founded Commito, which helps businesses put AI to work on their everyday workflows.

After I graduate in April 2027, I want to start my career in equity research or investment banking.

Selected work

Pitches and research

Each one includes the full deck or report, the model behind it and a snapshot of the valuation output.

1st Place · CFA Research Challenge, Atlantic CanadaBUYNYSE: QSRMar 2026

Restaurant Brands International

Four brands (Tim Hortons, Burger King, Popeyes, Firehouse Subs) and one royalty engine. Our thesis rested on the Burger King U.S. turnaround, capital-light international growth and the downside protection of a 95%-franchised model. This won the Atlantic Canada final of the CFA Institute Research Challenge and placed third at the Canadian sub-regional.

TargetUS$82

Upside+11%

Price at pitchUS$73.36

Result1st Atlantic

Team: Travis Noel, Nangyal Rehman, Hailey Snow, Angela Gathita.

Presentation (PDF) One-pager (PDF) Model (.xlsx)

BUYTSX: NEOThe FundNov 2026

NEO Performance Materials

Europe's first sintered rare earth magnet plant, paid for by record hafnium earnings and priced at half its peers' multiple. I built a 10-year three-statement model with thesis-based bull, base and bear cases, valued with 50% DCF and 50% comps.

TargetC$47.84

Upside+92%

Price at pitchC$24.90

Bear / BullC$11.89 / 62.70

Role: Sector Manager. Model, pitch deck and one-pager.

Pitch deck (PDF) One-pager (PDF) Model (.xlsx)

BUYTSX: MDACIBC Mellon case competitionOct 2026

MDA Space

Canada's satellite, space robotics and Earth-observation prime, with sole-source sovereign programs (RADARSAT, Canadarm) and an ITAR-free satellite platform. Written for the CIBC Mellon Student Investment Fund Conference case competition, then revised using the judges' written feedback.

TargetC$49.66

Upside+16.7%

Price at reportC$42.54

MethodDCF + scenarios

Team: Nangyal Rehman, Nicholas Cummings, Wesley Christopher, Parneet Kaur.

Research report (PDF) Model (.xlsx)

BUYTSX: HBMThe FundNov 2026

Hudbay Minerals

Gold pays for the next US copper district. Gold by-product credits take Hudbay's net copper cost below zero, the balance sheet is net cash, and Copper World in Arizona is sanctioned and part-funded. Valued on an asset-by-asset NAV model covering six mines and projects.

TargetC$42.03

Upside+42.5%

Price at pitchC$29.49

Method1.0x NAV

Role: Sector Manager, with Genevieve Carter (Analyst). NAV model and one-pager.

One-pager (PDF) NAV model (.xlsx)

Track record

If you'd followed my calls

Every stock I've pitched, from the price on the pitch date to today. Total return includes dividends, in each stock's trading currency.

Pitched	Company	Call	Price at pitch	Target	Price now	Total return	Progress to target

Experience

Where I've worked

Finance today, with an engineering and project management background behind it.

RBC Dominion Securities · Summer Data Analyst
Discretionary Private Wealth · St. John's, NL · May 2026 – Present

Build DCF, comps, NAV and three-statement models, and research equities for a discretionary private wealth team. Monitor and rebalance portfolios using FactSet and Bloomberg, and automate internal workflows with AI agents.
The Fund, Memorial University · Sector Manager
Materials, Financials, Energy · Sep 2025 – Present

Lead equity research for a $525K student-managed fund and present recommendations to portfolio managers and professional mentors.
Memorial University · Teaching Assistant
BUSI 3550, Introduction to Finance · Sep 2026 – Present

Support students on valuation, risk and return, CAPM, capital budgeting and capital markets.
Canadian Coast Guard · Infrastructure Engineering Intern
St. John's, NL · Apr – Aug 2025

Managed asset records for 15+ facilities, estimating repair and replacement costs to improve lifecycle forecasting.
PCL Construction · Project Management Intern
Vancouver, BC and Halifax, NS · 2024 (two terms)

Ran procurement on a $500M hospital expansion; on a $3M modular build, found deficiencies whose fixes cut costs by about $300K.
Pennecon · Civil Engineering Estimating Intern
St. John's, NL · May – Aug 2023

Estimated project costs and quantities to within 10% and presented findings to senior leadership for bid decisions.

Leadership

President, Memorial Consulting Club (Sep 2025 – Present)
Co-Founder, Commito, an AI workflow-automation startup (Apr 2026 – Present)
Finance Lead, Enactus MUN

Education

Bachelor of Commerce (Finance), Memorial University, 2025 – 2027. Program GPA 3.94
Civil Engineering, Memorial University, 2021 – 2025 (transferred to Commerce)

Tools & certifications

ExcelFactSetBloomberg TerminalPowerPointPower BIAI / ClaudeTraining The Street: Financial ModelingBloomberg Market ConceptsCFI Corporate Finance

Map

Where I've worked and travelled

Click a pin for details.

WorkTravelComing up

Interests

Outside of finance

What I do when I'm not in a spreadsheet.

Weightlifting

I train every day. It's the habit that keeps the rest of my schedule on track.

Judo & Muay Thai

Training in both, on the mat and in the ring.

Basketball

Pickup games whenever I can find a court.

Motorcycles

Riding when the Newfoundland weather allows.

Travel

Next up: a semester on exchange at EDHEC Business School in Nice, France (Spring 2027).

Languages

I enjoy picking up new ones. French is the focus before Nice.

Let's talk

I'm looking for full-time roles in equity research and capital markets starting in 2027, and I'm always happy to talk through a pitch or a model.

Email me LinkedIn Download resume