Equity Research and Valuation

• Introduction to Valuation and its Relevance
• Understanding Financial Statements
• Statement of Profit and Loss
• Balance Sheet
• Cash Flow Statement
• Computing cost of equity using the CAPM model
• Beta
• Market Premium
• Risk-Free Rate
• Case Study: Calculation of cost of equity of a listed company
• Computing the cost of debt
• Computing the weighted average cost of capital of a company
• Valuation using Gordon’s Dividend growth model
• Case Study: Valuation of a listed company using Dividend Growth model
• Valuation using a Multistage Dividend Discount model
• Valuation using the Discounted Cash Flow (DCF) Method
• Free Cash Flow to Firm (FCFF)
• Free Cash Flow to Equity (FCFE)
• Terminal values
• Case Study: Valuation of a listed company using the sum of the parts method
• Relative Valuation Methods
• Price-to-Earnings (P/E)
• Trailing Twelve Months (TTM) P/E
• Forward P/E
• Price-to-Book Value (P/BV)
• EV/EBITDA
• Market Cap/Sales
• Case Study: Valuation of listed companies using relative valuation methods
• Forensic Accounting
• Understanding red flags
• How to create your own filter criteria to shortlist and analyze companies
• Key parts of an Equity Research report to look out for

• Live online interactive classes by professional faculty
• Class recordings available for a limited period
• Access through mobile, desktop and laptop
• Certification from NSE Academy

This course is designed for finance enthusiasts, students, and professionals seeking to deepen their understanding of equity research and valuation. While no specific prerequisites are required, a basic understanding of finance and financial statements is beneficial. Whether you're a student or a professional, this course equips you with essential skills for effective company analysis and informed investment choices.