Build practical expertise in CFA Level 1 equity investments, stock valuation, and financial market analysis to evaluate stocks with confidence. This equity valuation course helps you understand stock trading for beginners while developing skills aligned with CFA Level 1 curriculum and real-world investing applications.
Prepare for CFA Level 1: Equity Investments and Valuation
通过 Coursera Plus 提高技能，仅需 239 美元/年（原价 399 美元）。立即节省
您将学到什么
Analyze stocks using CFA Level 1 equity investment frameworks and valuation techniques
Apply stock trading concepts including order types, leverage, and market structure
Evaluate companies using industry analysis, financial metrics, and forecasting tools
Build valuation models such as DDM, FCFE, and relative valuation methods
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作业
17 项作业
授课语言：英语（English）
了解顶级公司的员工如何掌握热门技能
积累特定领域的专业知识
本课程是 Prepare for CFA Level 1 Exam: Master Core Finance Concepts 专项课程 专项课程的一部分
在注册此课程时，您还会同时注册此专项课程。
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该课程共有5个模块
This module builds a strong foundation in equity investing by introducing different types of equity securities, including common and preference shares, along with their key features and risk-return characteristics. It also explores global investing avenues such as foreign equities and depository receipts, helping learners understand cross-border investment opportunities and risks. In addition, the module provides a detailed overview of financial markets, their structure, and the role of various intermediaries. Learners will gain clarity on how capital markets function, how assets are classified, and how investment transactions are facilitated in real-world scenarios.
涵盖的内容
25个视频3个作业
25个视频•总计153分钟
- Introduction to Common Stock•8分钟
- Introduction to Preference Stock•6分钟
- Features of Preference Stock (Cumulative vs Non-cumulative; Participating vs Non-Participating)•7分钟
- Risk & Return Characteristics of Common and Preference Stock•6分钟
- Introduction to Foreign Equity & Associated Risks•6分钟
- Methods of Foreign Investing – Direct Investing vs Depository Receipts•6分钟
- Types of Depository Receipts (GDRs, ADRs, etc.)•6分钟
- Market Value vs Intrinsic Value vs Book Value•5分钟
- Numerical: Return on Equity Calculation•5分钟
- Features of Private Equity Investments•7分钟
- Introduction & Functions of Financial Markets•5分钟
- Role of Financial Markets•6分钟
- Classification of Assets (Financial vs Real Assets)•5分钟
- Primary vs Secondary Capital Markets•7分钟
- Traditional Securities – Fixed Income and Equity•6分钟
- Types of Pooled Investment Vehicles•7分钟
- Financial Contracts – Forwards, Futures, Swaps, ABS, etc.•7分钟
- Alternative Investments – Commodities•6分钟
- Financial Intermediaries – Brokers, Dealers, Exchanges•6分钟
- Financial Intermediaries – Securitizers & Depository Institutions•6分钟
- Financial Intermediaries – Insurance, Arbitrageurs, Clearing Houses & Custodians•7分钟
- Long and Short Positions•6分钟
- Short Selling – Deep Dive•6分钟
- Leverage Positions•6分钟
- Numerical: Leverage Ratio and Margin Call•6分钟
3个作业•总计120分钟
- Graded Quiz: Equity Securities, Markets, and Investor Rights•60分钟
- Practice Quiz: Introduction to Equity investing•30分钟
- Practice Quiz: Equity Markets and Return Measurement•30分钟
This module focuses on the role of equity market indices as essential tools for measuring market performance and guiding investment decisions. Learners will explore how indices are constructed, the different weighting methodologies used, and how these approaches impact index performance and interpretation. The module also delves into index maintenance processes such as rebalancing and reconstitution, along with their practical implications. Additionally, it highlights how indices are used as benchmarks across asset classes, enabling performance comparison and portfolio evaluation.
涵盖的内容
13个视频3个作业
13个视频•总计74分钟
- Security Market Index and Constituent Securities•6分钟
- Uses of Security Market Indexes•6分钟
- Price Return vs Total Return•5分钟
- Price Weighted Index – Concept•7分钟
- Numerical: Price Weighted Index•4分钟
- Equal Weighted Index – Concept•6分钟
- Numerical: Equal Weighted Index•4分钟
- Market Cap Weighted Index – Concept•6分钟
- Free-Float Adjusted Weighted Index•6分钟
- Fundamental Weighted Index•7分钟
- Rebalancing vs Reconstitution•6分钟
- Major Types of Security Market Indexes•6分钟
- Practical Application of Security Market Indexes•6分钟
3个作业•总计120分钟
- Graded Quiz: Equity Market Indices and Benchmarking•60分钟
- Practice Quiz: Index Construction and Weighting Methods•30分钟
- Practice Quiz: Index Rebalancing, Reconstitution, and Benchmark Use•30分钟
This module provides an in-depth understanding of how financial markets operate, focusing on trading mechanisms, order types, and the process of price discovery. Learners will explore how buy and sell orders are executed, the significance of bid-ask spreads, and how different trading instructions influence outcomes. It also examines various market structures such as order-driven, quote-driven, and brokered markets, along with their characteristics. The module further highlights the importance of transparency, market efficiency, and regulatory frameworks in ensuring fair and efficient market functioning.
涵盖的内容
13个视频3个作业
13个视频•总计78分钟
- Bid & Ask Prices•7分钟
- Market vs Limit Orders•7分钟
- Other Order Types – AON, Hidden Orders, etc.•5分钟
- Validity Instructions•7分钟
- Use of Stop Loss Orders•6分钟
- Clearing Instructions•5分钟
- Call Market and Continuous Market•4分钟
- Quote-Driven Markets•4分钟
- Order-Driven Markets•6分钟
- Brokered Markets•5分钟
- Market Information and Transparency•6分钟
- Characteristics of Efficient Financial Markets•7分钟
- Need for Regulation in Financial Markets•7分钟
3个作业•总计120分钟
- Graded Quiz: Market Organization, Trading, and Transaction Costs•60分钟
- Practice Quiz: Price Discovery & Order Types•30分钟
- Practice Quiz: Market Structures•30分钟
This module equips learners with the tools and frameworks required to analyze industries and evaluate companies from an investment perspective. It introduces widely used strategic frameworks such as Porter’s Five Forces and PESTLE, helping learners assess competitive dynamics and external influences on industries. The module also focuses on company-level analysis, including revenue drivers, cost structures, profitability metrics, and capital structure. Additionally, learners will explore forecasting techniques and approaches that are essential for projecting future performance and supporting valuation decisions.
涵盖的内容
32个视频4个作业
32个视频•总计201分钟
- Introduction to Industry Analysis•7分钟
- Alternative Methods to Group Companies•7分钟
- Industry Size and Characteristics•6分钟
- Growth vs Mature Industries•8分钟
- Industry Profitability and Industry Market Share•7分钟
- Porter’s Five Forces – Rivalry amongst existing competitors•7分钟
- Porter’s Five Forces – Threat of Entry, and Threat of Substitutes•7分钟
- Porter’s Five Forces – Powers of Buyers, and Powers of suppliers•7分钟
- Key Takeaways from Porter’s Five Forces•5分钟
- PESTLE – Political and Economic•6分钟
- PESTLE – Social and Technological•6分钟
- PESTLE – Legal and Environmental•6分钟
- Introduction to Company Strategy•7分钟
- Cost Leadership Strategy•7分钟
- Differentiation Strategy•7分钟
- Focus Strategy•6分钟
- Introduction to Business Models & Research Materials•6分钟
- Evaluating Revenue Drivers•7分钟
- Understanding Operating Costs•7分钟
- Key Profitability Metrics – GM, EBITDA, etc.•6分钟
- Economies of Scale and Economies of Scope•5分钟
- Introduction to Working Capital•5分钟
- Understanding Capital Structure•5分钟
- Key Forecasting Objects•7分钟
- Historical Results and Base Rate Forecasting•5分钟
- Management Guidance and Analyst Discretion•5分钟
- Top-down vs Bottom-up Forecasting•6分钟
- Recurring vs Non-recurring Items•5分钟
- Forecasting Operating Costs•7分钟
- Forecasting Working Capital•7分钟
- Capital Investments and Capital Structure•6分钟
- Introduction to Scenario Analysis•6分钟
4个作业•总计150分钟
- Graded Quiz: Industry and Company Analysis for Equity Valuation•60分钟
- Practice Quiz: Industry Analysis•30分钟
- Practice Quiz: Company Fundamentals and Business Models•30分钟
- Practice Quiz: Forecasting Company Fundamentals•30分钟
This module focuses on the core techniques used in equity valuation, including intrinsic valuation models such as Dividend Discount Model (DDM) and Free Cash Flow to Equity (FCFE), as well as relative valuation using price and enterprise value multiples. Learners will understand when and how to apply each method, along with their assumptions and limitations. The module also explores the concept of market efficiency and its implications for investment strategies. Additionally, it introduces behavioral finance, highlighting common psychological biases that influence investor decisions and lead to market anomalies.
涵盖的内容
41个视频4个作业
41个视频•总计215分钟
- Importance of Valuation•5分钟
- Introduction to Equity Valuation Models•7分钟
- Introduction to Dividend Discount Model (DDM)•5分钟
- One-Stage DDM – Numerical•6分钟
- Multi-Stage DDM – Numerical•6分钟
- Gordon Growth Model and Terminal Value•5分钟
- Numerical: Gordon Growth Model•5分钟
- Estimating Sustainable Growth Rate•5分钟
- Appropriateness of DDM•6分钟
- Using FCFE for Equity Valuation•5分钟
- Estimating Required Return using CAPM•5分钟
- Advantages of DCF•4分钟
- Disadvantages of DCF•5分钟
- Dividend Terminology – Cash & Stock Dividends•6分钟
- Dividend Terminology – Stock Splits & Share Repurchases•5分钟
- Chronology of Dividend Payments•6分钟
- Introduction to Price Multiples•5分钟
- Key Valuation Ratios – P/E, P/B, P/S, P/CF•7分钟
- Combining P/E multiple with company fundamentals•5分钟
- Example on Fundamental P/E Comparison•5分钟
- Comparable Company Analysis•5分钟
- Example on Comparable Company Analysis•6分钟
- Introduction to Enterprise Value•5分钟
- EV/EBITDA and EV/Revenue•5分钟
- Using EV-based multiples•6分钟
- Disadvantages of Multiples-Based Valuation•6分钟
- Introduction to Asset-Based Valuation•5分钟
- Advantages of Asset-Based Approach•4分钟
- Disadvantages of Asset-Based Approach•4分钟
- Introduction to Efficient Capital Markets•4分钟
- Impact of efficiency on Active & Passive investment strategies•6分钟
- Market Value vs Intrinsic Value vs Book Value•5分钟
- Factors Affecting Market Efficiency•6分钟
- Forms of Market Efficiency•4分钟
- Impact of Market Efficiency•5分钟
- Introduction to market anomalies•4分钟
- Market Anomalies – Time-Series•6分钟
- Market Anomalies – Cross-Sectional•5分钟
- Other types of market anomalies•5分钟
- Behavioral Biases – Loss Aversion, Overconfidence, Herding•5分钟
- Behavioral Finance and Information Cascades•4分钟
4个作业•总计150分钟
- Graded Quiz: Equity Valuation, Market Efficiency, and Behavioral Finance•60分钟
- Practice Quiz: Intrinsic Valuation – DDM and Free Cash Flow•30分钟
- Practice Quiz: Relative Valuation and Multiples•30分钟
- Practice Quiz: Market Efficiency & Behavioural Biases•30分钟
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常见问题
Yes, this course is designed to support beginners who want to learn stocks and trading for beginners. It starts with fundamental concepts like equity securities, market structure, and basic trading mechanisms before moving into advanced valuation techniques.
The course closely follows the CFA Level 1 equity investments curriculum, including valuation, market organization, and industry analysis. It is useful for both exam preparation and practical understanding.
Yes, you will learn practical valuation methods such as Dividend Discount Model (DDM), Free Cash Flow to Equity (FCFE), and relative valuation techniques using real-world scenarios.
This course combines CFA-aligned theory with practical applications. It not only teaches stock valuation but also explains how markets function, how to trade, and how to analyze industries and companies.
Basic understanding of finance helps, but the course is structured to build knowledge step-by-step, making it accessible for beginners and useful for intermediate learners.
Yes, the course builds core skills required in equity research, including financial analysis, valuation modeling, and understanding of market behavior.
Yes, you will work on practice activities, numerical problems, and case-based scenarios that simulate real investment decision-making.
Absolutely. The course helps you understand how to evaluate stocks, manage risk, and make informed investment decisions in real markets.
Yes, the course covers industry and company analysis frameworks that can be applied to banking and financial institutions effectively.
You will use financial models, valuation frameworks, and Excel-based analysis techniques commonly used in finance and investment roles.
The course is designed to be completed in a few weeks depending on your pace, with structured modules and assessments for consistent progress.
Yes, it provides job-relevant skills in equity analysis, valuation, and financial markets, making it valuable for roles in investment banking, research, and asset management.
Yes, each module includes quizzes and practice activities, along with a final assessment and capstone valuation project.
You will be able to analyze stocks, build valuation models, understand market behavior, and make informed investment decisions aligned with professional finance standards.
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
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