Education & Training

Comprehensive course on Fundamental Analysis

Course Details Course Objective

Duration – 12 to 15 hours
Prerequisites – Basic understanding of the
Financial Statements.
Venue – Lower Parel (For Corporate Clients)
– Campus Premises (For Students)
This course deals with analysis of Financial Reports for making Investment
decisions. The main focus is on Equity Valuation & Ratio Analysis.
Fundamental Analysis methods will be examined and applied for listed
companies. Course will be taught from the perspective of a security (equity)
analyst although the material covered will be relevant to the corporate financial
analyst for evaluating investments, and calculate the value generated by strategy
scenarios.

KEY HIGHLIGHTS
•Get insights from practicing full time professionals in the Industry.
•Enhance ability to interpret market movements and learn how they function.
•Enhance ability to improve personal Investment decisions.
•Understand and apply relevant concepts to understand Fair value of an Asset.

Course Coverage

Why fundamentals? Valuation of Banking companies

- Adjustment of Balance sheet & P&L
- Accounting basics
- WACC Calculation, Tax Treatment
Basic Valuation Techniques
- Financial statement analysis on the basis of CAGR & %age
sales analysis
- Preparation of trading and transaction comparable along
with an understanding of the various adjustments such as
deferred taxes, Leasing, R&D Expenses needed for
company valuation will be covered.
Financial Ratios & Valuation Multiples
- ROE, Core ROE, Leverage, Du-point, ROC, PE, P/BV,
P/Sales, EV/EBITDA
- All financial Ratios – Profitability, Turnover, Liquidity
ratios
- Valuation for a Banking company is different from the
other firms.
The course will give detailed explanation of how to
adjust a bank’s balance sheet and calculate various
banking ratios such as CASA, NIM, Overhead efficiency,
Du-Pont analysis, Spread, NPAs, CAR, Interest income
and expense ratios etc.
Sector Wise company analysis
- Each business model is different and requires different
approach for analysis. Basics of various business models
and sector wise ratios will be covered.
Credit analysis
Models like Altman Z Score to check financial health of
company will be covered

Contact us@ helpdesk@wavescapital.com

022 - 24702951
Advanced steps towards financial statement analysis
- Calculation of Beta, FCFF, FCFE, RR, and Growth Triangle will be covered in detail

Discounted Cash flow model & Concept of EVA

Relative Valuation
Excel and power point excellence
Most students will already have a good working knowledge of using these packages but in order to
build detailed Valuation Models and prepare projects the basic skill set will be taken to a whole
new level.
(All the above mentioned concepts and models will be explained on Excel workbooks with the help
of financial statements of listed companies)

Course Delivery

The course will be in the form of Lectures, Discussions and Excel Exercises on various Listed Companies.

Key features of this course

- Step by step exposure to concepts of Equity Research

- Assignment based approach provoking Financial Thinking
- Case studies emphasizing the implementation of the
- Fundamentals concepts learnt, to the Real life Problems

MOCK Game which help students to identify Fundamentally Good stocks

FREE with this course

- Free E-Books: For you to enhance your learning about the markets and trading.

- Course Material - refer to it again and again to embellish your learning!

- Excel assignments – best way to learn practical things.

Contact us@ helpdesk@wavescapital.com

022 - 24702951