Company Analysis: Forecasting - Module 7 – EQUITY – CFA® Level I 2026 скачать в хорошем качестве

Company Analysis: Forecasting - Module 7 – EQUITY – CFA® Level I 2026

Get our FREE CFA Level 1 summaries: https://www.finquiz.com/cfa/level-1/s... This video gave you the tools—but now it’s time to sharpen them. If you're aiming to truly understand and apply equity valuation techniques in the exam, you need targeted prep materials that cut straight to what matters most. 💼 Battle-Ready Summaries – Get laser-focused summaries of equity valuation models, formulas, and use-cases 👉 https://www.finquiz.com/cfa/level-1/s... 📘 Stanley Notes – Dig deeper into DDM, FCFE, PE multiples, and valuation pitfalls—explained like you're in class 👉 https://www.finquiz.com/cfa/level-1/n... 📐 Formula Sheet – Every key valuation equation on one sleek, exam-ready sheet 👉 https://www.finquiz.com/cfa/level-1/f... 🧠 Question Bank – Test your understanding with scenario-based questions from the equity section 👉 https://www.finquiz.com/cfa/level-1/q... 📝 Mock Exams – Simulate exam day with mocks that feature equity valuation item sets just like the real thing 👉 https://www.finquiz.com/cfa/level-1/m... 🎯 Need everything in one place? 👉 https://www.finquiz.com/cfa/level-1/ 🚀 Go Premium – Unlock full access + expert strategy to master Equity and every other topic 👉 https://www.finquiz.com/cfa-level-1-s... Master the Forecasting process for CFA® Level 1 Equity Analysis – from revenue to capital structure to scenario modeling! This session goes beyond textbook theory—learn how real analysts project future financials and make valuation decisions under uncertainty. What You’ll Learn 📊 What is Forecasting (CFA-style)? Not guessing—forecasting is reasoned, data-driven, judgment-enhanced analysis. We’ll show you how. 🔍 Four Types of Forecast Objects Line-Item Forecasting Driver-Based Forecasting Summary Metrics (FCF, EPS) Ad-Hoc Forecasts (e.g., lawsuits, one-time losses) 🔧 Forecasting Methods Historical Trends for stable firms Historical Base Rates & Convergence (HBRC) for benchmarking Management Guidance – when to trust it Analyst Judgment – the art of estimating unique or disruptive cases 📈 Revenue Forecasting Approaches Top-Down: GDP-linked growth, market size × share Bottom-Up: Units sold × price, segment-level projections, yield-based models Mixed Method: The best of both worlds for real-world valuation accuracy 💰 Cost & Expense Forecasting COGS as % of revenue SG&A scaling or fixed portions Working Capital modeled using DSO, DPO, inventory turnover CapEx: Maintenance vs. Growth Depreciation: Based on asset base and useful life 💸 Capital Structure Forecasting Debt-to-Equity Debt-to-Capital Debt-to-EBITDA Use these to tie financing strategy back into free cash flow and valuation. 🌀 Scenario Analysis (The Analyst’s Superpower) Model base, bull, and bear cases based on macro shocks, inflation, tech disruption, or competition. Learn how to “stress test” your model. Study Support 🎯 Get your FinQuiz Battle-Ready Summary now – everything from this video appears in compact, exam-focused visuals perfect for review. 📝 Don’t miss out on: – FinQuiz Stanley Notes (detailed explanations) – Formula Sheets (printable) – Full CFA-style Mock Exams – Question Bank with CFA Institute-style logic 📥 Links in the description. Master the material faster, revise smarter, and pass with confidence. Timestamp Chapter 00:00:00 Introduction & Role of Forecasting in Equity Analysis 00:00:44 What “Forecasting” Really Means & Why It Matters 00:02:08 Finn Quiz Battle-Ready Summaries (Quick Review Plug) 00:02:44 Forecast Objects: Four Core Categories 00:03:29 Driver-Based Forecasting 00:04:04 Direct Line-Item Forecasting 00:04:58 Summary-Measure Forecasting (EPS, FCF, etc.) 00:05:41 Ad Hoc Objects: One-Off Items & Unforeseen Events 00:07:18 Practicality Principle: Focus on Regularly Disclosed Data 00:09:14 Approach 1: Historical Results 00:10:10 Approach 2: Base Rates & Convergence to Industry Averages 00:11:05 Approach 3: Management Guidance 00:12:00 Approach 4: Analyst Discretionary Forecasts & Horizon Choice 00:14:00 Selecting Your Forecast Horizon (Short vs. Long Term) 00:15:30 Revenue Forecasting: Top-Down vs. Bottom-Up 00:17:16 Top-Down Methods: GDP Linkage & Market Growth/Share 00:18:45 Bottom-Up Methods: Volumes & Average Selling Prices 00:20:00 Bottom-Up Methods: Segment- & Capacity-Based Models 00:21:30 Adjusting for Non-Recurring Items & Key Risk Considerations 00:25:00 From Top Line to Ops: Forecasting Expenses & Working Capital 00:28:00 Cost of Goods Sold Forecasting 00:29:50 SG&A Expense Forecasting 00:32:00 Working Capital Forecasting (DSO, DPO, Inventory) 00:34:00 Forecasting Long-Term Assets & CapEx 00:36:30 Depreciation & Amortization Forecasting 00:39:00 Capital Structure Forecasting & Leverage Ratios 00:42:30 Building in Management Targets & Covenant Constraints 00:44:30 Scenario Analysis: Purpose & Setup 00:45:30 Scenario Analysis: Concrete Examples & Stress Tests 00:50:00 Recap, Next Steps & Exam-Prep Tips