Start here

    The library is meant to be read in any order, but if you want a path, pick the one that matches why you came. Each step is an existing page; the order is the only thing added.

    I have never read a financial statement

    Three guides, in order, then one interactive lesson to make it stick.

    1. 1Reading an Income Statement
    2. 2Reading a Balance Sheet
    3. 3Reading a Cash Flow Statement
    4. 4Read an Income Statement, Line by Line (lesson)

    I want to value a company

    The theory, the most common mistakes, then build a DCF on real numbers.

    1. 1Time Value of Money
    2. 2Cost of Capital (Debt, Equity, WACC)
    3. 3DCF: Theory and Mechanics
    4. 4Common DCF Mistakes
    5. 5Build a DCF, Step by Step (lesson)
    6. 6DCF Sensitivity Calculator

    I want to judge a stock quickly

    The ratios that matter, what a good number looks like, and the checks that catch bad companies.

    1. 1PE Ratio
    2. 2Return on Equity
    3. 3Debt to Equity Ratio
    4. 4CFO to PAT Ratio
    5. 5Promoter Holding
    6. 6Spot the Red Flags (lesson)

    I am analysing a bank

    Banks break the usual rules. This is the ratio set that replaces them.

    1. 1Sector-Specific Valuation (Banks, Insurance, Real Estate)
    2. 2CASA Ratio
    3. 3Net NPA Ratio
    4. 4Net Interest Margin
    5. 5Common-Size Analysis (Banks)
    6. 6Why Banks Cannot Be Valued Like Normal Companies

    Or follow a track

    Nine tracks of Concept Guides, each readable in order.