Fundamental analysis uses actual, publicly available data to determine the intrinsic value of a security. While it is most commonly applied to stocks, this approach can be used to value almost any type of security.

Here’s what you will learn

1) An Introduction
1.1 What is Fundamental Analysis?
1.2 Why is Fundamental Analysis Important for Investing?
1.3 Efficient Market Hypothesis (EMH)
1.4 Criticisms of EMH
1.5 So, Does Fundamental Analysis Really Work?
1.6 Steps Involved in Fundamental Analysis

2) Brushing Up the Basics
2.1 Understanding the Concept of “Time Value of Money”
2.2 Interest Rates and Discount Factors
2.3 Opportunity Cost
2.4 Risk-Free Rate
2.5 Equity Risk Premium
2.6 Beta and Its Significance
2.7 Risk-Adjusted Return (Sharpe Ratio)

3) Understanding Financial Markets
3.1 Sources of Financial Statements
3.2 The Director’s Report
3.3 The Auditor’s Report
3.4 Overview of Financial Statements
3.5 Balance Sheet Analysis
3.6 Income Statement Analysis
3.7 Schedules and Notes to Accounts
3.8 Cash Flow Statement Analysis
3.9 Financial Statement Analysis & Forensic Accounting
3.10 Comparative and Common-Size Financial Statements
3.11 Key Financial Ratios
3.12 DuPont Analysis
3.13 Cash Conversion Cycle
3.14 The Satyam Case and the Importance of Forensic Accounting

4) Valuation Methodologies
4.1 Top-Down Valuation (EIC Analysis)
4.2 Economic Analysis
4.3 Industry Analysis
4.4 Company Analysis