Consci Consultancy Pvt Ltd

Getting Grounded in the Basic Concepts

I. A brief overview of Equity Markets

II. Time value of money
III. Basic Financial Statement Analysis
IV. Basic ratio Analysis

Step I: Understand the Industry First

I. Understand the business

II. Competition Analysis
III. SWOT Analysis of Industry
IV. Key industry trends analysis
V. Brief Introduction to Technology, Pharmaceutical, Telecom, Banking and FMCG Industries

Step 2: Economic Factor analysis

I. Geographic Analysis (Export import)

II. Impact of currency movement on the industry
III. Impact of interest rate movement on the industry
IV. Impact of government intervention on the industry
V. Other factors impacting demand and supply sides

Workshop on Excel

I. Data representation & Conditional Formatting

II. Sorting & Filtering of data
III. What if Analysis
IV. Pivot tables
V. Excel Shortcuts
VI. Formula & Functions Part I
VII. Formula & Functions Part II
VIII. Basic Financial Modeling
IX. Introduction to Macros

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For further details Contact: Harshad Deshpande – 9819909575, Ashwin Payal - 9970320374
Consci Consultancy Pvt Ltd., Block No. 4 , Tulsi Bhavan, Opp. Kanaiya Nagar, Kopri, Thane (E)
 Consci Consultancy Pvt Ltd

Step 3: Company Analysis

I. Operations Analysis:
a. What is the company business model?
b. Operational Parameter analysis
c. Revenue analysis
d. Costs analysis
II. Advanced Financial Statement Analysis
a. Capital Structure theories
b. Dividend theories and policies
c. Reading cash flow statement
d. Advanced Ratio Analysis
e. Computation of NOPAT & free cash flow
f. Brief Introduction to IFRS

Step 4: Projecting the Financials

I. Growth analysis
II. Estimating fundamental earnings growth
III. Building revenue model
IV. Building the cost model
V. Projecting the Profit and Loss account
VI. Projecting the Balance Sheet and cash flow statement
VII. Projecting Free cash flow statement
VIII. Estimating Capital expenditure, deprecations, Tax rates, etc.

Step 5: Valuation

I. Understanding and Estimating Risk and cost of financing

II. Free Cash flow analysis

a. Dividend Discount Model (DDM)
b. Free Cash Flow to Equity Model (FCFE)
c. Free Cash Flow to Firm Model (FCFF)

III. Relative Valuation Methodologies

a. Price to Earning (P/E) multiple
b. Price to Book Value (P/Bv) multiple
c. Price to Sales (P/ Sales) multiple
d. EV/ EBIDTA Multiple
e. EV Sales Multiple

_____________________________________________________________________________
For further details Contact: Harshad Deshpande – 9819909575, Ashwin Payal - 9970320374
Consci Consultancy Pvt Ltd., Block No. 4 , Tulsi Bhavan, Opp. Kanaiya Nagar, Kopri, Thane (E)
 Consci Consultancy Pvt Ltd

IV. Alternative Valuation Methodologies

a. Economic Value added (EVA)
b. Adjusted Price Value

V. Special Cases in Valuation

a. Valuing the firm with negative earnings
b. Valuing a financial services firm
c. Valuing start-up firms
d. Valuing private firms
e. Valuing real estate firms
f. Valuing mergers & acquisitions
g. Valuing IPOs

Step 6: How to give the recommendations/ writing investment argument

I. Sentiment analysis
II. Analyst’s Dilemma
III. Price analysis
IV. Comparative valuations analysis

Step 7: Understand the functioning of Brokerage and Investment Banking Industry

I. Revenue model
II. Role of research/ valuation
III. Difference between the Buy side and sell side roles

Step 8 : Writing Equity Research report

Presentations and feedback session for Delegates

_____________________________________________________________________________
For further details Contact: Harshad Deshpande – 9819909575, Ashwin Payal - 9970320374
Consci Consultancy Pvt Ltd., Block No. 4 , Tulsi Bhavan, Opp. Kanaiya Nagar, Kopri, Thane (E)