Muhammad Ahsan Sheikh

Experience

The work
so far

A Big Four advisory practice, a global media agency, and the projects they led to.

01

Deal advisory

KPMG

Business Advisory Intern, Deal Advisory

Apr to Jul 2026

Valuation and three-statement modelling inside the Deal Advisory practice — including an independent valuation of a Pakistan–Türkiye dairy joint venture, performed for both shareholders to support a stake transfer between them.

ValuationDCFThree-Statement ModelingSensitivity AnalysisExcelResearch Memos
  • Training. Built two feasibility models end to end: a 10-year coffee shop DCF at a 16.38% WACC, stress-tested at ±5% on revenue and cost across best, base and worst cases; and a 12-year, four-city restaurant rollout with independent escalators for revenue, cost, capex and salaries.
  • Contributed to an independent valuation of Nishat Sutas Dairy Limited, a joint venture carrying sustained operating losses. I built Excel models to estimate fair value and inform negotiation.
  • Supported senior advisors with financial reporting and analysis across engagements spanning energy, infrastructure and dairy, down to the underlying journal entries
  • Wrote research memos and client-ready presentations from the financial analysis

Nishat Sutas Dairy: public context

The venture
Formed 2018Joint venture between Nishat Mills Limited (PSX: NML) and Sütaş Süt Ürünleri A.Ş. of Türkiye, in milk processing and marketing.
Capital deployed by one partner
PKR 3.9 billionRoughly CAD 19.5M at current rates. Nishat Mills had deployed PKR 3.9bn as of June 2025, against an approved investment of up to PKR 5bn.
Stake at issue
49.10%Nishat Mills' full holding in the venture's paid-up share capital.
Outcome announced
August 2026Board approved divestment of the entire stake to Sütaş at PKR 5 per share, taking the Turkish partner to full control. Subject to a shareholder vote.

Context from public filings and press reporting, published after my internship ended. My contribution was to the valuation work, not to the announced transaction terms. Sources: ProPakistani, Mettis Global, Profit.

02

Media analytics

Kinetic

Business Analyst Intern, Rotational Program

Sep 2024 to Jan 2025

Pakistan's market leader in out-of-home planning, part of the WPP/GroupM network. One of two interns selected, rotated through five departments, and tracked CAD 1m+ of media spend across three national campaigns for two blue-chip clients.

Excel DashboardsKatalystMedia Spend ReconciliationOdoo (ERP)Campaign Analysis

→ led directly to the OOH Campaign Performance Analyzer

  • Client servicing and planning. Worked incoming client briefs, then planned against them in Katalyst, Kinetic's proprietary and industry-first platform, across an inventory of 12,000+ outdoor sites with competitor data attached — and saw how agency teams build and hold the relationships those briefs come from.
  • Execution and finance. Coordinated supply side and vendors to get booked plans into market, and assisted with the invoicing, cash-flow tracking and record-keeping behind them in Odoo.
  • Throughout. Reconciled over CAD 1m+ (PKR 200m) in media spend, rebuilding Excel dashboards daily from tracking-team data on reach, impressions and return on ad spend, feeding client pitch and review decks.

What it led to

That reconciliation only ever ran at the end of a campaign — weeks after anything could be done about an under-delivering site. The problem was structural rather than clerical, which is what made it worth building around. Read the case study →

03

Research

Justdiggit

Funder research, Kijani regreening app

Jun to Aug 2024

Landscape restoration in Africa; my part was fundraising research — screening corporate and philanthropic prospects against mission fit and giving capacity, and building the priority outreach list the team worked from.

Funder ResearchMarket AnalysisResearch BriefsOutreach Strategy
  • Owned funder research for the Kijani regreening app, screening prospects against mission fit and giving capacity
  • Built the priority outreach list the team worked from, separating funders who could give from funders who would
  • Wrote the research briefs behind that shortlist, turning funder mandates and giving histories into a case for why each prospect would back landscape restoration
04

Education

University of Waterloo

Honours Mathematics and Business Administration (Co-op)

Sep 2025 to present

President's Scholarship and Term Distinction.

PythonpandasSQLSQLitepytestExcelLLM API integration
  • Awards. President's Scholarship, Term Distinction.
  • Coursework. Financial and Managerial Accounting, Business Law, Microeconomics, Macroeconomics, Business Entrepreneurship, Interpersonal Communication, Introduction to Computer Science (Python, Racket), Calculus 1–3, Linear Algebra 1–2