Fundamental Analysis

1. Introduction to Fundamental Analysis

The chapter lays a foundation to Fundamental Analysis, which is a holistic approach to study and analyze a business.

2. Mindset of an Investor

A insightful look at the basics of Fundamental Analysis and how it can be broken down to Qualitative and Quantitative factors to study the intrinsic value of the stock.

3. How to Read the Annual Report of a Company

The chapter lays a foundation for understanding the basic structure of a typical annual report.

4. Understanding the P&L Statement (Part 1)

The chapter discusses the overall content and format of the Profit and Loss Statement.

5. Understanding P&L Statement (Part 2)

The chapter explains the expense side of the Profit and Loss statement, its structure and content by looking into the annual report of a listed company.

6. Understanding Balance Sheet Statement (Part 1)

The chapter discusses information about the typical structure of the Balance Sheet.

7. Understanding the Balance Sheet Statement (Part 2)

This chapter explains the concept of assets side of a typical Balance Sheet.

8. The Cash Flow statement

Key components of the cash flow statement, and their analysis. Also describes the connection between the Balance sheet, Profit and Loss statement and Cash flow.

9. The Financial Ratio Analysis (Part 1)

In this three part series we discussed the analysis of financial statements through financial ratios. In this chapter we looked at the profitability ratios which indicates the profitability of the com ..

10. The Financial Ratio Analysis (Part 2)

In the 2nd part of the series, we learn about the various Leverage ratios which help us study the company’s debt with respect to the company’s ability to service the debt. We also look into key op ..

11. The Financial Ratio Analysis (Part 3)

In this concluding chapter, we look at the valuation ratios such as Price to sales, Price to Book, Price to earnings and their attractiveness from an investment perspective. ..

12. The Investment Due Diligence

The chapter deals with understanding the basic steps required when it comes to conducting an investment due diligence. The chapter discusses ‘Moats’ which is a very crucial aspect when it comes to ..

13. Equity Research (Part 1)

The chapter discusses how a Limited Resource Equity Research can be performed by a layman. A basic but powerful checklist is introduced which helps in filtering investment grade companies form a large ..

14. DCF Primer

This chapter deals with the understanding of the concept of the Time value of money and how the DCF model can be used to estimate the price of a stock. The DCF analysis helps us to arrive at the prese ..

15. Equity Research (Part 2)

Understand and interpret the concept of free cash flow. A study of the calculation of the per share price using free cash flow and the total net present value of a stock. ..

16. The Finale

An understanding of the drawbacks of the DCF Analysis and also a look at the concept of Margin of Safety. Some insights into managing and rebalancing of your stock portfolio ..

Fundamental Analysis – Varsity by Zerodha