Equity Research – Pharma Sector:
In this course, we will first understand about the various terminologies being used in pharma sector. Post which, we will go through with the detailed valuation model, wherein we will learn, how to create assumption sheet to project revenue and operating margins for each segment, which will be linked with income statement. Further, we will also understand the benefits of quarterly statements for any company valuation. The depreciation and interest cost calculation will be explained through creation of separate debt and asset schedule, post which we will complete the projection of other balance sheet items. At last but not the least, we will learn how to find out the value per share based on Discounted Cash Flow (DCF). Under the DCF method, we will learn, how to calculate beta of any stock in MS excel. Further, we will also learn functions like Data table and NPV.
We have used company’s result press releases and investor presentation to find out relevant data, hence this can assure the reliability of any past data and future projections.
Course Objective:
- To understand the valuation process of any company from Economy, Industry to Company (EIC framework)
- To understand the valuation technique like DCF to project the equity value per share
Target Customers:
- Students who are pursuing CFA, MBA (finance), CA
- Professionals in the field of investment banking/equity research
Pre-Requisites:
- Basic Accounting and MS Excel Knowledge
- Passion to learn
For any query call/miss call-
Mob-+918587999769
Section 1 Introduction to Claris life science
1 Introduction to Claris Lifescience
2 Financial Performance
3 Difference Between Injectables and Infusion
4 Competitive Dynamics of the Industry
Section 2 Financial Modeling
5 Financial Statement Introduction
6 Financial Statement Introduction Continue
7 Quarterly Income Statement Analysis
8 Quarterly Income Statement Analysis Continue
9 Linkages of Yearly Income Statement from Qtrly Data
10 Understanding About the Balance Sheet Items
11 Understanding About the Balance Sheet Items Continue
12 Understanding on Cash flow Statement
13 Understanding on Cash flow statement Continue
14 How to Create Assumption Sheet?
15 Projection of Segmental Revenue
16 Projection of EBITDA and Operational Cost
17 Projection of EBITDA and Operational Cost Continue
18 Projection of Other Income
19 Calculating Depreciation
20 Calculating Projection of Amortization
21 Projection of Finance Cost
22 Continue on Finance Cost
23 Projection of Tax Rate and Completion
24 Continue on Tax Rate Completion
25 Projection of Balance Sheet Items
26 Projection of Cash Flow Statement
Section 3 Valuation of Claris life science
27 How to Calculate Beta of Stock in MS Excel
28 Calculation of WACC and Cost of Equity
29 Valuation of Share Based on FCFF
30 Equity Value Per Share Calculation
31 Calculation First and Second FWD PE Multiple
