Fundamental Analysis: The Search for Intrinsic Value
Ø Part One
Economic Analysis
Ø Politico-Economic Analysis
Ø The Economic Cycle
Ø Asset Bubbles: What They Are and How to Protect Yourself When they Burst
Part Two
Industry Analysis
Ø Industry Analysis
Part Three
Company Analysis
Ø The Management
Ø The Company
Ø The Annual Report
Ø The Directors’ Report
Ø Auditor’s Report
Ø Financial Statements
Ø Schedules and Notes to the Accounts
Ø Ratios
Ø Market Value
Ø Earnings
Ø Profitability
Ø Liquidity
Ø Leverage
Ø Debt Service Capacity
Ø Asset Management / Efficiency
Ø Margins
Ø Cash Flow
Ø Conclusion
Ø Fundamental Analysis Step-by-step