Analyzing earnings reports, valuation metrics, and growth expectations.
This scope is designed to help you build a practical understanding of Earnings & Valuation. Lessons move from core definitions to real-world context and common failure points.
Reading in order is recommended, but each lesson stands on its own.
A clear introduction to Discounted Cash Flow analysis, how it estimates intrinsic value from future cash flows, and why it matters for long-horizon valuation work in fundamental analysis. Includes a step-by-step numerical illustration and practical modeling considerations.
Valuation is a disciplined estimate, not a measurement. This article explains why intrinsic value cannot be pinned to a single number, how fundamental analysis handles uncertainty in earnings and discount rates, and why embracing ranges and scenarios improves long-horizon assessment of businesses.
A rigorous explanation of overvaluation and undervaluation in fundamental analysis, linking market price to intrinsic value through earnings, cash flows, risk, and growth. Includes real-world context and a clear analytical framework without recommendations.
A rigorous review of the most frequent errors analysts make when valuing companies, with emphasis on earnings quality, cash flows, multiples, discount rates, and terminal assumptions. The article explains why these pitfalls arise, how they distort intrinsic value estimates, and how disciplined fundamental analysis minimizes their impact over the lo…
Valuation models are essential in fundamental analysis, yet they are constrained by uncertain inputs, structural simplifications, accounting limitations, and shifting economic regimes. Understanding these limits clarifies where intrinsic value estimates are informative, where they are fragile, and how to interpret results as ranges rather than prec…
