Fundamental Analysis Overview

Fundamental analysis is a stock valuation methodology arrived at by performing security analysis. An appropriate security analysis forms the basis of successful investment decisions.This module aims at providing a basic insight about fundamental analysis and various valuation methodologies used.

 

Who will benefit Fundamental Analysis course?
  • Students of Management and Commerce
  • Finance Professionals
  • Stock Analysts
  • Employees with Treasury & Investment division of banks and financial institutions
  • Anybody having interest in this subject
Fundamental Analysis Fees
Module Fees GST @ 18% Total Fees
1700 306 2006

 Total Fees : Rs.2006/- (Rupees Two Thousand and Six Only). inclusive of GST.

Why should one take this course?
  • To have a basic understanding about fundamental analysis.
  • To learn the various valuation methodologies

About Us

Fundamental analysis is sometimes considered to be a foundation of solid investing. It helps you determine the underlying health of a company by examining the business’ core numbers: income statements, earnings releases, balance sheets, and other indicators of economic health. From these fundamentals, potential investors can evaluate if a stock is under- or over-valued.

Our Training Features

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Experienced Trainers

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Flexible Timings

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Hands on Training

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Online Training

Fundamental Analysis Syllabus 

 

CHAPTER 1: Fundamental Analysis: An introduction

  •  What is fundamental analysis?
  •  Why is fundamental analysis relevant for investing? – Efficient Market Hypothesis (EMH),  Arguments against   EMH, Does fundamental analysis work?
  •  Steps in Fundamental Analysis

CHAPTER: 2 Brushing up the Basics

  • Concept of “Time value of Money”
  •   Interest Rates and Discount Factors – Opportunity cost, Risk-Fr ee Rate, Equity Risk  Premium, the Beta, Risk Adjusted Return (Sharpe Ratio)

CHAPTER 3: Understanding Financial Statements

  •  Where can one find financial statements – The Director’s Report, The Auditor’s Report, Financial Statements: Balance Sheet, Income Statements, Schedules and Notes to the Accounts, Cash Flow Statement
  •  Financial Statement Analysis and Forensic Accounting
  •  Comparative and Common-size financial statements
  •  Financial Ratios
  •  Du-Pont  Analysis
  •  Cash Conversion Cycle
  •  The Satyam case and need for forensic accounting

CHAPTER 4: Valuation Methodologies

  • Top-Down valuation (EIC Analysis) – Economy, Industry, Company
  • Discounted Cash Flow (DCF) Models
  • Dividend Discount Model (DDM)
  • Free Cash Flow to Firm (FCFF) and Free Cash Flow to Equity (F CFE) based DCF
  • Some of the parts (SOTP)
  • Price-to-Earnings (PE) ratio
  • Price-to-Book value (PB) ratio
  • EV / EBITDA
  • Price to Sales (P/S) ratio
  • Special cases of valuation – IPOs, Financial Services firms, net interest margin (NIM), Firms with negative cash flows, Acquisition valuation, distressed companies