Chapter 7: Analysis of Equity Securities II – Company Analysis and Valuation

In this section

• The Difference Between IFRS and GAAP? Key Insights for Investors and Advisors
  Explore key differences between IFRS and GAAP, including revenue recognition, LIFO inventory, lease accounting, and more. Learn why these distinctions matter for investment analysis and decision-making.
• Company Analysis
  Explore holistic methods of evaluating a company’s operations, strategy, and financial health, from top-down and bottom-up approaches to financial statement and ratio analysis.
• Models for Valuing Stocks
  Discover the fundamental and practical frameworks used by analysts to estimate the fair value of equities, including DCF, DDM, Relative Valuation, Residual Income Models, and Sum-of-the-Parts, along with real-world tips, anecdotes, and Canadian investment regulations.
• How to Analyze Resource Companies
  Explore how to effectively evaluate resource companies, focusing on unique considerations like reserves, cost structures, commodity price trends, and geopolitical risk. Learn about NI 43-101 standards, all-in sustaining costs, and key macroeconomic drivers underpinning resource valuations.
• The Limits of Accounting Data
  Explore the inherent limitations of financial statements and accounting data, including the impact of intangible assets, earnings management, and accounting standards on company valuation.