Tutorial lessons
MODULE 06 — Equities (renamed from Equity Investment)
Browse the lessons available in this tutorial category.
Lessons
Tutorial lessons
EI 1 Equity Instrument Features
What common and preference shares grant an owner, and how public and private equity differ. Check-yourself items are study aids. Equity Instruments and Investor Rights An equity instrument is a securi
EI 2 Equity Jurisdictions, Classes, and the Voting Process
How investors reach foreign shares, how share classes split economic and voting rights, and how the shareholder vote works. Check-yourself items are study aids. Reaching Foreign Equities: Direct and I
EI 3 Equity Issuance and Trading
How companies raise ownership capital, where their shares trade afterward, how liquidity is measured, and how equity indexes are built. Check-yourself items are study aids. Primary and Secondary Publi
EI 4 Sources of Equity Returns
How companies return cash to owners, how the dividend timeline works, and how to compute price and total return on shares. Check-yourself items are study aids. Where equity returns come from Owning eq
EI 5 Introduction to Equity Valuation
How analysts separate a share’s market price from its intrinsic value, then pick a model to estimate that value. Check-yourself items are study aids. Price, Value, and Investor Perceived Value A
EI 6 Discounted Cash Flow (DCF) and Growth Models
Valuing equity by discounting dividends, free cash flow, or residual income under constant and multistage growth, plus the valuation of preferred shares. Check-yourself items are study aids. Present v
EI 7 Relative Value Equity Valuation Approaches
Valuing equity with price and enterprise value multiples, both by comparison to peers and from forecasted fundamentals. Check-yourself items are study aids. Relative Valuation and the Method of Compar
EI 8 Financial Statement Forecasting in Equity Valuation
How analysts turn a company narrative into value by forecasting its financial statements, then test the result across scenarios. Check-yourself items are study aids. Why Analysts Forecast Financial St
EI 9 Industry and Competitive Analysis
How analysts define an industry, survey it, and read its competitive and external forces before valuing a firm. Check-yourself items are study aids. The Industry and Competitive Analysis Process Valua
EI 10 Company Analysis: Past, Present, and Future
Linking a firm’s strategy and life-cycle stage to its income statement and balance sheet. Check-yourself items are study aids. Competitive Strategy and the Company Life Cycle Industry and compet
EI 11 Equity Analyst Research Reports
How analysts build a research report, how sell-side and buy-side work differ, and why two analysts can value the same stock so differently. Check-yourself items are study aids. Recommendations, Rating
EI 12 The Capital Asset Pricing Model, Market Model, and Other Factor-Based Equity Models
Building the discount rate for equity valuation with the CAPM, the market model, industry betas, the market risk premium, and multifactor models. Check-yourself items are study aids. The CAPM and the