Fundamental Analysis Advanced Level

Fundamental Analysis explain the various steps involved in evaluating stocks. It dwells on the concepts of Fundamental Analysis, macro and microeconomic analyses and highlights the role of regulators in handling stock market bubbles. Equity research evaluates the qualitative and quantitative aspects of company analysis. Fundamental Analysts observe trends in specific industries, supervise research on companies of the respective industry and Guide to take investment decisions.
 

•  What drives share prices up and down
   More than 20 factors that cause share price movements with examples from the real markets
   
•  Industry specific ratios
  Banking, IT, Pharma,Automobiles,Cement,Airlines,Entertainment, Infrastructure, Hotel, Telecom 
   
• Forensic checking
  Red flags to look out for- making it easier for accounting manipulations to be recognized
   
• Importance of cash flow statement
  Cash is king , red flags in cash flow statement
   
•  Valuation of a conglomerate
  Doing actual valuation of a conglomerate
   
•  Detailed interpretation of ratios
  Liquidity ratios (current ratio, quick ratio), solvency ratios(debt equity ratio, interest coverage ratio), activity ratios(asset turnover ratio, fixed asset turnover ratio, average collection period, average payment period,number of days of inventory outstanding) profitability ratios(EBITDA ratio, profit margin, return on assets, return on equity, return on capital employed, dividend yield ratio), valuation ratios(price to earning ratio, price to book value ratio, PEG ratio, enterprise value to EBITDA), cash flow statement ratios(cash flow from opera- tions to profit after tax, cash from operations tosales, cash flow from operations to current liability)
   
•  Detailed application of ratio analysis to firms from a particular industry
  Detailed application of ratio analysis to firms from TWO indus- tries (from Annual report of the companies)
   
•  Creating your own filter criteria while analyzing companies
  Creating your own filter criteria while analyzing companies