1 / 10

Fundamental Analysis

Fundamental Analysis. March 20 11. Top-Down Approach. Macro economical frame and growth perspectives Sector analysis Company analysis Forecasts Valuation. The Macro Picture. The questions: Who will grow faster? And why? Major advantages and disadvantages of the country

solomon-guerrero
Télécharger la présentation

Fundamental Analysis

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Fundamental Analysis March 2011

  2. Top-Down Approach • Macro economical frame and growth perspectives • Sector analysis • Company analysis • Forecasts • Valuation

  3. The Macro Picture • The questions: • Who will grow faster? • And why? • Major advantages and disadvantages of the country • Disequilibrium or unbalances

  4. Sector Analysis • Compare each company to others in the same industry • Search for advantages and disadvantages • Look for dynamics for at least several years

  5. Company Analysis • Look in the details • Define the short-term and long-term trends • Compare to similar periods in the history • Create a sound model for the future performance of the company

  6. Valuation • Sector comparison by multiples • Price-to-earnings • Price-to-book • Price-to-sales • Enterprise value-to-EBITDA

  7. Valuation Discounted cash flows

  8. Valuation Is Not Static

  9. And Is Even More Dynamic In Long Term

  10. “Never memorize what you can look up in books”Albert Einstein Questions and answers

More Related