Equity Research & Financial Statement Analysis

Master financial statement analysis, cash flow evaluation, and equity research techniques used by professional financial analysts. Learn how to interpret financial data, evaluate profitability and risk, and apply financial modelling frameworks to make informed investment decisions. This course provides a practical, step-by-step approach to equity research using the real-world case study of Walgreen Co. You’ll learn how to analyze consolidated financial statements, evaluate working capital efficiency, and interpret key financial performance indicators used in professional financial analysis and investment research. Through structured lessons and Excel-based modelling techniques, you’ll explore cash flow mechanics, common size analysis, profitability evaluation, and return metrics such as ROE and ROIC. The course also introduces advanced analytical frameworks including DuPont analysis, lease capitalization, solvency assessment, and capital structure analysis to help learners gain deeper insights into financial performance and business risk. A unique feature of this course is its strong application-oriented approach that combines real-world examples, financial modelling workflows, and analytical frameworks commonly used in equity research and financial analysis roles. This enables learners to connect financial theory with practical investment analysis techniques. By the end of the course, you’ll be able to analyze financial statements confidently, evaluate company performance and risk, interpret key financial ratios, and apply professional equity research techniques to support investment decision-making.