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