Short Duration Programme

 
 
 
 
 
 
 
 

Equity analysis is a multi-faceted discipline requiring an understanding of financial analysis, industry analysis, financial forecasting techniques, and valuation practices. The objective of this program is to equip participants with an overall understanding of tools and techniques most widely used in equity research.
The integrated case study approach followed in this program is unique in that the participants are also provided an opportunity to apply all tools and concepts covered during the program to a select company. This program will also provide participants a foundation from which they may develop their own approaches to equity research and also for a future study of the nuances of equity research for unique sectors such as banking, insurance, and so on. At the end of this program, participants will have an understanding of concepts and tools required to prepare an equity analysis report.

Who Should Attend

This program is designed for both practicing and aspiring equity analysts from both the buy side and the sell side. Since the program is designed at an intermediate level, participant must have a prior understanding of financial statements and beginners level financial analysis.

Pedagogy

The pedagogy will comprise a combination of lectures by XLRI faculty and industry experts, and analysis of real life case studies. Periodic assignments or quizzes may be used to strengthen the understanding of the topics. At the end of the program, each participant will be required to prepare an equity research report for evaluation.

Eligibility

  • For Indian Participants - Graduates (10+2+3) or Diploma Holders (only 10+2+3) from a recognized university (UGC/AICTE/DEC/AIU/State Government) in any discipline.
  • For International Participants - Graduation or equivalent degree from any recognized University or Institution in their respective country.

Certification

  • Completion Certificate’ on having a minimum attendance of 70% of the sessions and submission of the evaluation assignments for the programme
  • ‘Participation Certificate’ on having a minimum attendance of 50% of the sessions and
  • submission of the evaluation assignments for the programme
  • No certificate shall be issued unless all evaluation assignments are submitted
  • No certificate shall be issued to a candidate having less than 50% attendance of the sessions

Methodology

The entire program would be delivered through the virtual classrooms. ICFL virtual classrooms would be enabled with the technology whereby the program faculty will deliver the lectures from one or more studios and the students enrolled in the program could attend it from different points, for eg: ICFL classrooms(owned and Franchisees) and even from their locations through any device like desktop, laptop, tablet or mobile . However for better learning experience a student would be advised to attend the program from the ICFL classrooms.

Evaluation

Content

Part 1: Accounting & Financial Statement Concepts for Equity Research

  • What is Equity Research?
  • Financial Statement Analysis
  • Techniques for Comparative Analysis
  • Using an Annual Report to Generate Qualitative Information about a Company
  • Earnings & Cash Flow Management Practices
  • Introduction to Technical Analysis of Price & Volume Trends
  • Assessing Objectivity of Analyst Reports
  • Preparing the Financial Analysis Section of an Equity Research Report – A Case Study

Part 2: Understanding the Industry and the Business

  • Interface of Macroeconomic Policy Environment and Industry
  • Industry Value Driver Analysis
  • Identifying and Monitoring Critical Success Factors
  • Preparing the Industry and & Company Analysis Section of an Equity Research Report – A Case Study

Part 3: Financial Statement Forecasting using Spreadsheets

  • Financial Statement Forecasting Techniques
  • Developing Financial Forecasting Models in MS-Excel
  • Preparing the Financial Statement Forecast Section of an Equity Research Report – A Case Study

Part 4: Valuation Techniques

  • Identifying Key Valuation Drivers
  • Developing & Validating Growth Forecasts
  • Traditional Multiples Based Valuation
  • Cash Flow Based Valuation
  • Accounting Based Valuation: EVA, Residual Income Approaches
  • Preparing the Valuation Section of an Equity Research Report

Assignment for Submission: Preparation of Equity Research Report for a Listed Company of your choice

Course Schedule & Duration

Date of Course Commencement: August 20, 2017
Duration of the Course: August – November 2017 (30 hours spread over 8 to 10 weeks)
Schedule of Classes: 3 Hours every Sunday from 6:30 pm - 9:30 pm IST

Payment & Installment Schedule
 Application Fee Rs. 18,000 + Tax
 Last Date: 13 August 2017
 Installment I Rs. 18,000 + Tax
 On or Before: 7th September 2017
 Total Fee Rs. 41,000 + Tax

Click here to Register