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Fundamental analysis

Equity Fundamental Analysis Training

The question technical analysis does not answer: which company to invest in. From the economy’s overall direction to the country, from the sector to the company. The topic list below is the lessons actually taught — not marketing copy.

Prerequisite: Financial Literacy (FOYE) — the market concepts are established there.

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FOYE TAG ODTA İDTA RİYTA risk + behaviour HİSTA equity basics

Programmes

The programme and its topics

  • HİSTA

    Equity Fundamental Analysis

    6 days

    The question technical analysis does not answer: what to invest in. From the business cycle to the country, from the sector to the company; where to look first in a balance sheet, an income statement and the ratios.

    Topics

    Business cycle and macro data

    • Assessing the global business cycle
    • Choosing a country
    • GDP and growth rate
    • Unemployment
    • CPI and PPI
    • Current account and budget balance
    • Industrial production index
    • Manufacturing PMI
    • Consumer confidence index

    Balance sheet and income statement

    • Introduction to the balance sheet and income statement
    • Current assets, non-current assets and liabilities
    • Net working capital
    • Annualising financial statements
    • Annualised and period-on-period horizontal analysis

    Sector and trend analysis

    • Sector analysis and selection
    • Sector balance sheets from the Central Bank and TurkStat
    • Trend analysis of financial statements

    Vertical analysis and ratios

    • Vertical analysis
    • Liquidity ratios
    • Financial structure ratios
    • Turnover ratios
    • Profitability ratios
    • Trend analysis of ratios

    Capital increases and valuation ratios

    • Authorised capital ceiling
    • Rights issues, pre-emption rights and adjusted price
    • Bonus issues and adjusted price
    • Ex-dividend price, dividend yield
    • EBITDA, P/E, P/B

    Tools and practice

    • Matriks fundamental analysis tools
    • Balance sheet and income statement analysis in Excel
    • Settlement analysis and broker distribution
    • Financial statement analysis project

This page is a training curriculum. It contains no investment advice, no trading signals and no portfolio management service.

Other groups

The other finance programmes

Questions

Questions about this page

What does the equity fundamental analysis programme teach?

It works down from the cycle to the company: the global business cycle and country selection, macro data (GDP, unemployment, CPI and PPI, current account, industrial production, PMI, consumer confidence), reading the balance sheet and income statement, annualising, horizontal and vertical analysis, sector analysis, liquidity, financial structure, turnover and profitability ratios, capital increases and valuation ratios (EBITDA, P/E, P/B), with practice in Matriks and Excel.

What is the difference between fundamental and technical analysis?

Fundamental analysis decides WHAT you invest in; technical analysis decides WHEN you buy and sell. Neither replaces the other. In this curriculum fundamentals come before technicals: first which company, then which moment.

Can someone who cannot read a balance sheet take this programme?

Yes — an introduction to the balance sheet and the income statement is part of the programme. The prerequisite is not accounting knowledge but the market concepts from the financial literacy programme (FOYE): P/E, market value, book value, rights and bonus issues and dividends are established there.