Fundamental Equity Analysis Program – Curriculum

Curriculum Overview

The curriculum provides a structured examination of public equity analysis grounded in financial statements, competitive positioning, and intrinsic value discipline. Instruction emphasizes long term business fundamentals, analytical rigor, and evidence based investment judgment.

Module Structure

The curriculum is delivered online through twelve structured modules. Each module combines analytical instruction, applied modeling, and case based evaluation consistent with institutional equity research practice.

Modules

Module 1.

  • Foundations of Fundamental Equity Analysis
  • Public market structure
  • Institutional investor perspectives
  • Economic context
  • Analytical frameworks
Module 2.

  • Financial Statement Analysis
  • Income statement interpretation
  • Balance sheet structure
  • Cash flow analysis
  • Quality of earnings assessment
Module 3.

  • Revenue and Cost Structure Evaluation
  • Revenue drivers
  • Cost behavior
  • Operating leverage
  • Forecast implications
Module 4.

  • Intrinsic Value Principles
  • Value drivers
  • Discounting concepts
  • Model architecture
  • Scenario discipline
Module 5.

  • Discounted Cash Flow Modeling
  • Cash flow construction
  • Assumption design
  • Sensitivity analysis
  • Valuation range interpretation
Module 6.

  • Comparative and Sector Analysis
  • Peer group construction
  • Competitive forces
  • Industry structure
  • Relative valuation context
Module 7.

  • Earnings Quality and Accounting Considerations
  • Accrual analysis
  • Accounting judgment
  • Management incentives
  • Analytical adjustments
Module 8.

  • Competitive Strategy Evaluation
  • Sources of competitive advantage
  • Industry positioning
  • Durability assessment
  • Strategic risk considerations
Module 9.

  • Risk Evaluation in Equity Investing
  • Business risk
  • Financial risk
  • Valuation risk
  • Portfolio implications
Module 10.

  • Portfolio Construction Considerations
  • Position sizing logic
  • Diversification
  • Holding period discipline
  • Ongoing monitoring
Module 11.

  • Equity Case Studies
  • Company evaluation
  • Integrated modeling
  • Competitive assessment
  • Outcome scenarios
Module 12.

  • Integrated Equity Analysis Project
  • Complete financial model
  • Valuation framework
  • Written investment analysis
  • Final assessment
Assessment

Assessment includes financial modeling assignments, written analytical evaluations, and a final integrated company analysis requiring disciplined investment judgment.

Learning Outcomes

Participants completing the curriculum will be able to:

  • Perform disciplined financial and competitive analysis
  • Construct intrinsic valuation models with analytical rigor
  • Evaluate company quality and long term value drivers
  • Assess risk and scenario outcomes
  • Develop evidence based equity investment conclusions