NCFM CERTIFICATION FOR FUNDAMENTAL ANALYSIS MODULE
What is Fundamental Analysis?
It is a stock valuation methodology arrived at by performing security analysis. It is the method of evaluating the intrinsic value/fair value of an asset.It is done primarily through the use of business's financial statement like balance sheet , cashflow , p/l statement , financial ratio like price to earning , price to book value and many more things. An appropriate security analysis forms the basis of successful investment decisions.It involves indepth examination of all the possible sector which have bearing on the prospects of the company.
This course aims at providing a basic insight about fundamental analysis and provide knowledge various valuation methodologies used in fundamental analysis.
After completion of the course , an individual will have a complete understanding about fundamental analysis.An individual will have knowledge about various valuation methodologies through which you can analyze any company fundamentally.It is specifically designed for the identification and evaluation of undervalued and overvalued company.The syllabus covers all the topics with interactive sessions . Moreover the contents of the course covers all the topics for NCFM ( NSE ACADEMY’S Certification in Financial Markets ) Fundamental Analysis Module Examination and makes every student capable of cracking it.You will be well prepared for the NCFM examination.
Anybody (Retail Traders,New Investors ,Students , Researchers , Financial Service Professionals or any individual) having interest in the Fundamental analysis and want to enhance his/her knowledge,overall productivity or want to build their career in this market are welcome. As not only we provide theoretical knowledge, but also practical application, mentoring and training guidance, to help each student achieve their goals for investing or trading.
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FUNDAMENTAL ANALYSIS: AN INTRODUCTION
- What is fundamental analysis?
- Why is fundamental analysis relevant for investing?
Efficient Market Hypothesis (EMH)
Arguments against EMH
So, does fundamental analysis work?
- Steps in Fundamental Analysis
BRUSHING UP THE BASICS
- Concept of “Time value of Money”
- Interest Rates and Discount Factors
Equity Risk Premium
Risk Adjusted Return (Sharpe Ratio)
UNDERSTANDING FINANCIAL STATEMENTS
- Where can one find financial statements?
The Director’s Report
The Auditor’s Report
Balance Sheet & Income Statement
Schedules and Notes to the Accounts and 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
- Top-Down Valuation (EIC Analysis)
- Discounted Cash Flow (DCF) Models
- Dividend Discount Model (DDM)
- FCFF and FCFE based DCF
- Sum Of The parts (SOTP)
- Price / Earnings Ratio
- Price / Book Value Ratio
- Enterprise Value / EBITDA Ratio
- Price / Sales Ratio
- Special cases of Valuation
Financial Services firms
Net interest margin (NIM)
Firms with negative cash flows