CFA LEVEL 1- Equity Analysis And Valuation

Regular price Rs.5,499.00

Basic Info : CFA LEVEL 1- Equity Analysis and Valuation
Level : CFA LEVEL 1
Commitment  : 12 hour (6 sessions of 2 hours each)
Language : English
Schedule Date To Be Announced Soon

What Will I Learn

When you are done with this course, you will be able to:

  • Determine the characteristics of equity securities and conduct analysis and valuation of equity securities
  • Gain a holistic approach for global equities and attain framework for conducting industry and individual company analysis
  • Understand various equity types including public and private equities
  • Evaluate companies with three main equity valuation approaches (present value, multiplier, and asset based)


Overview Of Equity Securities

  • Characteristics of types of equity securities
  • Describe differences in voting rights and other ownership characteristics among different equity classes
  • Public and private equity securities
  • Methods for investing in non-domestic equity securities
  • The market value and book value of equity securities
  • Compare a company’s cost of equity, its (accounting) return on equity, and investors’ required rates of return

Introduction To Industry And Company Analysis- I

  • Uses of industry analysis and the relation of industry analysis to company analysis
  • Compare methods by which companies can be grouped, current industry classification systems, and classify a company, given a description of its activities and the classification system
  • Explain the factors that affect the sensitivity of a company to the business cycle and the uses and limitations of industry and company descriptors such as “growth,” “defensive,” and “cyclical”
  • Learn how a company’s industry classification can be used to identify a potential “peer group” for equity valuation

Introduction To Industry And Company Analysis- II

  • Elements that need to be covered in a thorough industry analysis
  • The principles of strategic analysis of an industry
  • The effects of barriers to entry, industry concentration, industry capacity, and market share stability on pricing power and price competition
  • Industry life cycle models, classify an industry as to life cycle stage
  • Limitations of the life-cycle concept in forecasting industry performance
  • Characteristics of representative industries from the various economic sectors
  • Macroeconomic, technological, demographic, governmental, and social influences on industry growth, profitability, and risk

Equity Valuation: Concepts And Basic Tools- I

  • Evaluation of a security, given its current market price and a value estimate, is overvalued, fairly valued, or undervalued by the market
  • Major categories of equity valuation models
  • Regular cash dividends, extra dividends, stock dividends, stock splits, reverse stock splits, and share repurchases
  • Dividend payment chronology
  • The rationale for using present value models to value equity

Equity Valuation: Concepts And Basic Tools- II

  • Dividend discount and free-cash-flow-to-equity models
  • Calculate the intrinsic value of a non-callable, non-convertible preferred stock
  • Calculate and interpret the intrinsic value of an equity security based on the Gordon (constant) growth dividend discount model or a two-stage dividend discount model, as appropriate
  • Identify characteristics of companies for which the constant growth or a multistage dividend discount model is appropriate

Equity Valuation: Concepts And Basic Tools- III

  • Rationale for using price multiples to value equity, how the price to earnings multiple relates to fundamentals, and the use of multiples based on comparable
  • Calculate and interpret the following multiples: price to earnings, price to an estimate of operating cash flow, price to sales, and price to book value
  • Enterprise value multiples and their use in estimating equity value
  • Asset-based valuation models and their use in estimating equity value
  • Advantages and disadvantages of each category of valuation model

How It works

   Live Online Sessions
Each session is interactive and informative, featuring case studies, quizzes and projects

   Interact, Learn and Grow enables you to master the concepts, interact with expert faculty and other learners and be a part of the community whilst growing.

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