Financial Analysis for Investors
This program gives investors a rigorous framework for reading and interpreting issuers' financial statements, from the balance sheet to the cash flow statement. Building on that foundation, you learn to apply profitability ratios, market multiples and the discounted cash flow (DCF) method, and then to integrate your analysis into a portfolio that is built and managed with discipline. All examples are hypothetical and intended for educational purposes only.
What you will learn
- Read and connect an issuer's balance sheet, income statement and cash flow statement.
- Calculate and interpret profitability, leverage and liquidity ratios, including the DuPont breakdown of ROE.
- Apply market multiples (P/E, P/BV, EV/EBITDA) and understand the limits of comparables analysis.
- Build a simplified DCF model and test how sensitive the result is to key assumptions.
- Measure portfolio risk using volatility, beta, maximum drawdown and the Sharpe ratio.
- Draft an investment policy and choose a rebalancing rule that fits your risk profile.
Syllabus
Financial Statement Analysis
This course explains the structure and logic of the three main financial statements and how they complement one another. The focus is on interpreting the figures from an investor's point of view.
- 01
The Balance Sheet: Assets, Liabilities and Equity
You learn to read an issuer's balance sheet, assess its liquidity and calculate working capital.
14 min - 02
The Income Statement
You analyze an issuer's revenue, margins, EBITDA, net profit and earnings per share.
14 min - 03
The Cash Flow Statement
You understand how cash is generated and used, and why accounting profit is not the same as cash received.
15 min
Valuing Listed Companies
This course presents the main valuation tools investors use: financial ratios, market multiples and the discounted cash flow (DCF) method. Each method is presented together with its limitations.
- 04
Profitability and Leverage Ratios
You calculate and interpret ROE, ROA, net margin, the debt ratio, interest coverage and the current ratio.
15 min - 05
Market Multiples
You apply P/E, P/BV, EV/EBITDA and dividend yield for relative valuation and understand the limits of comparables.
15 min - 06
The Discounted Cash Flow (DCF) Method
You build a simplified DCF valuation with WACC, a terminal value and a sensitivity analysis.
18 min
Portfolio Management
This course shows how to combine financial instruments into a portfolio consistent with the investor's objectives and risk tolerance. It covers diversification, risk measurement and disciplined rebalancing.
- 07
Diversification and Asset Allocation
You understand how asset classes, correlation and risk profile shape the structure of a portfolio.
14 min - 08
Measuring Risk
You calculate volatility, beta, maximum drawdown and the Sharpe ratio to compare portfolios.
16 min - 09
Building and Rebalancing a Portfolio
You draft an investment policy, compare rebalancing rules and learn to avoid behavioral mistakes.
15 min
Other learning tracks
Introduction to the Capital Market
The basics of financial instruments, trading mechanisms and the role of the stock exchange.
9 lessons Track 02How to List a Company on the Stock Exchange
A company's journey from the decision to list through admission to trading, plus the admission of municipal and government bonds to BIMx.
11 lessons Track 04ESG and Green Finance
Sustainability standards and instruments designed to finance green projects.
5 lessons Track 05The Capital Market for Women Entrepreneurs
A dedicated program on how women entrepreneurs can access financing through the capital market.
5 lessons Track 06BIMx Trading Infrastructure
ARENA Trading, exchange trader certification, trading simulations, membership admission, and the broker's role in admitting issuers.
9 lessons