Objectifs

• The objective of the course “Financing Analysis” is to bring a thorough understanding of the key issues revolving around a company, its environment and stakeholders through the eyes of a financial analyst.
• Going through several business cases and presentations, the course will bring to students several tools and techniques to evaluate a company and its business environment in order to reach a potential investment decision.
• The content of the course is principally based on relevant sections of the CFA® curriculum and on the lecturer’s professional experience as analyst, asset manager, investor, and client.

Contenus

Weeks 1-5: the global environment

• Regulatory analysis
• Industry analysis
• Economic analysis
• Market analysis
• Sustainable analysis

Weeks 6-9: nuts, bolts and techniques

• Information from financial statements and beyond
• From analytical tools & techniques to financial modelling
• From financial modelling to investment recommendation
• Quality of earnings and financial statements

Weeks 10-12: industry specific

• Analysis of insurances and pension funds
• Analysis of banks and financial companies
• Analysis of technological companies

Weeks 13-14: investment timing and pitfalls

• Technical analysis and investment timing
• Behavioural analysis and investment biases

Références

Slides content, assigned readings and preparation material shall contain 100% of the preparation material needed for case studies and presentations assigned through the semester, as well as final exam (standard and retake)

Evaluation

1ère tentative

Examen:

Ecrit 2h00 heures

Documentation:

Autorisée

Calculatrice:

Autorisée avec restrictions

Evaluation:

Case studies and other presentations: 65% of final grade
Final exam: 35% of final grade

Format of final exam: face-to-face digital exam (open book digital exam with personal digital and paper material; standard pocket calculator)

Rattrapage

Examen:

Ecrit 2h00 heures

Documentation:

Autorisée

Calculatrice:

Autorisée avec restrictions

Evaluation:

Previous case studies and other presentations: 65% of final grade
Retake exam: 35% of final grade

Format of retake exam: face-to-face digital exam (open book digital exam with personal digital and paper material; standard pocket calculator)