Course Intro (Start Here)
What is a Stock?
Asset Categories
Fastenal Case Study
Dr Niwes & The Calmness of Mind
Top Level Filters For Business Evaluation
Getting to know the Management
Financial Statements Overview
Analysis of Financial Statements, Ratios & Operating Performance
-
Profitability Ratios: Gross Margin & Operating Margin (8:07)
-
Profitability Ratios: PBT, PAT, Interest Cover & Payout Ratio (6:29)
-
Cashflow ratios (3:48)
-
Financial Health Ratios (7:49)
-
Efficiency Ratios (9:26)
-
Efficiency Ratios: FA Turn & Asset Turn (4:55)
-
Evaluating Operating Performance (23:15)
-
The step-by-step analysis of the return on equity (16:35)
Quick Risk Check
Business Valuation - Calculating Intrinsic Value of a Business
-
Time Value of Money (12:14)
-
Discounted Cashflow Analysis - Introduction (5:19)
-
Discounted Cashflow Analysis - Steps 1 & 2 (12:41)
-
Discounted Cashflow Analysis - Step 3, 4, 5 & 6 (17:39)
-
Discounted Cashflow Analysis - Step 7 , 8 & 9 (27:21)
-
Relative Valuation (22:47)
-
Valuing companies with subsidiaries, associates & investments (like JD.com) (48:23)
-
Effect of Jump In Inflation On Business Value
Identifying Long Term Compounders
Portfolio tracking
Supplementary Videos/Material
-
The Right Way To Think About Market Corrections (12:25)
-
Is Your Dividend In Your Best Interests? (18:47)
-
Fooled by EBITDA (7:49)
-
How My Portfolio Went For a Joy Ride: Part 1 (7:50)
-
How My Portfolio Went For a Joy Ride: Part 2 (10:25)
-
The Best Investment of My Life (7:52)
-
How to Survive a Stock Market Crash (8:12)
-
Investing: How to Avoid Being Overwhelmed (12:08)
-
Don't get stuck with your valuation sheet (11:07)
-
How Share Buybacks Help You as an Investor (31:25)
-
Capitalisation of Leases / Capital Lease Vs Operating Lease - Response to Subscriber Query
All Supporting Documents
Tutorial: 2021 April - How to value SaaS or platform companies?
-
Part 1: Introduction (4:52)
-
Part 2: SaaS companies (4:22)
-
Part 3: Concepts in the SaaS space (1:40)
-
Part 4: Annual recurring revenue (ARR) (4:31)
-
Part 5: Retention - Retention rate & churn (14:05)
-
Part 6: Retention - Net dollar retention (NDR) (24:27)
-
Part 7: Reinvestment (GAAP expenses) (2:35)
-
Part 8: Rule of 40 (5:48)
-
Part 9: LTV to CAC ratio (9:54)
-
Part 10: TROI (8:24)
-
Part 11: Summary of SaaS concepts (2:20)
-
Part 12: Q&A on SaaS concepts (6:13)
-
Part 13: Valuing SaaS companies (45:25)
-
Part 14: Other discussions (36:45)
-
Excel: Reinvestment model template (Upwork)
Tutorial: 2021 Jun - Research process & Evaluating management
Tutorial: 2021 Jul - Cash flows, NWC, & GAAP vs non-GAAP
Meetup (MRS + IF) - 2021 November - JD Logistics, JD Health, earnings updates & portfolio questions
