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Home
ABOUT
Services
Course Library
Training Curriculum
  • Financial Accounting
  • Alternative Investments
  • Banking & Regulations 1
  • Banking & Regulations 2
  • Capital Markets
  • Capital Market Operation1
  • Capital Market Operation2
  • Corp Finance Mergers & AQ
  • Derivatives 1
  • Derivatives 2
  • Crypto Currencies
  • Equities
  • Excel & Financial Model
  • Fixed Income
  • Portfolio & Wealth Mgmt.
  • Risk Management 1
  • Risk Management 2
Clientele
CONTACT
More
  • Home
  • ABOUT
  • Services
  • Course Library
  • Training Curriculum
    • Financial Accounting
    • Alternative Investments
    • Banking & Regulations 1
    • Banking & Regulations 2
    • Capital Markets
    • Capital Market Operation1
    • Capital Market Operation2
    • Corp Finance Mergers & AQ
    • Derivatives 1
    • Derivatives 2
    • Crypto Currencies
    • Equities
    • Excel & Financial Model
    • Fixed Income
    • Portfolio & Wealth Mgmt.
    • Risk Management 1
    • Risk Management 2
  • Clientele
  • CONTACT

Lucas & Associates

Lucas & AssociatesLucas & AssociatesLucas & Associates
  • Home
  • ABOUT
  • Services
  • Course Library
  • Training Curriculum
    • Financial Accounting
    • Alternative Investments
    • Banking & Regulations 1
    • Banking & Regulations 2
    • Capital Markets
    • Capital Market Operation1
    • Capital Market Operation2
    • Corp Finance Mergers & AQ
    • Derivatives 1
    • Derivatives 2
    • Crypto Currencies
    • Equities
    • Excel & Financial Model
    • Fixed Income
    • Portfolio & Wealth Mgmt.
    • Risk Management 1
    • Risk Management 2
  • Clientele
  • CONTACT

equities

Equities, for many investors, provide a cornerstone in their asset allocation models.  Our equity-related courses offer valuation and modeling suites as well as equity portfolio management programs.   Additionally, as equity markets have provided a launching ground for a variety of innovations including dark pools, high frequency and algorithmic trading, we are pleased to offer a program that provides insights into how the modern equity trader functions using these tools and strategies.




Primer on Equity Valuation

Equity Valuation Suite

The Modern Equity Trader and Investor

Primer on Equity Valuation

This two day course provides attendees an in-depth review of the common approaches to equity valuation that are used by traditional and alternative asset managers.  During this intensive program participants will examine the key analytical tools that are prevalent in equity valuation models.  Aided by a series of case studies, participants will gain exposure to various techniques and approaches to valuation that are appropriate for different industries and sectors.  The program will conclude with a review of how both traditional and alternative equity portfolios make use of valuation techniques.



Duration:  Two days

Program Level:  Intermediate

Prerequisites:  Participants should be familiar with content in the Fundamentals of Securities Markets course and have taken Introduction to Financial Accounting (or similar)

Learning Objectives

  • Discuss various approaches to company valuation used by industry practitioners
  • Describe key analytical tools used in company valuation
  • Explain different techniques for valuing equity securities
  • Calculate the value of a company’s stock based using relative valuation and discounted cash flow models
  • Identify appropriate valuation metrics for different sectors
  • Discuss how trading and investing strategies use different valuation techniques

outline/topics

Day 1

Day 1

Day 1

  • Company Analysis and Introduction to Valuation
  • Fundamental Analysis
    • Major financial statements
    • Additional content in financial reports
    • Key components from financial statements
    • What financial reports do not reveal
  • Ratio analysis
  • Business and industry analysis
  • Company strategy
  • Cost of capital and discount rate
    • Cost of equity
    • WACC

Day 2

Day 1

Day 1

  • Equity Valuation Models and Applications
    • Discounted cash flow
    • Intrinsic value
    • Free Cash Flow models
      • Projecting cash flows
      • Terminal value
  • Multiplier models
    • Price multiples
    • Enterprise value
  • Trading multiples
  • Transaction multiples
  • Net Asset Value

For a detailed outline and additional information on this course or to find out about our other courses, contact us at (917) 306-7132 or MPorio@Lucasnassoc.com 

Equity Valuation Suite

The five day program provides attendees a comprehensive review of how equities are analyzed, valued and traded in today’s markets.  The course begins with a deep dive into the relevant areas of financial accounting in order to provide the foundation for company analysis and subsequent valuation.

Participants will then learn common analytical tools that are prevalent in equity valuation models used by market practitioners.  By exploring multiple cases through the program, participants will gain exposure to various techniques and approaches to valuation that are appropriate for different industries and sectors.  The program will conclude with a review of how equities are traded and how both traditional and alternative equity portfolios make use of valuation techniques.



Duration:  Five days

Program Level:  Basic

Prerequisites:  There are no prerequisites


Learning Objectives

  • Discuss various approaches to company valuation used by industry practitioners
  • Conduct a comprehensive analysis of a company’s financial statements
  • Evaluate a company’s business strategy within the context of its competitive position, industry outlook and other relevant variables
  • Describe different techniques for valuing equity securities
  • Calculate the value of a company’s stock based using relative valuation and discounted cash flow models
  • Identify appropriate valuation metrics for different sectors
  • Discuss how trading and investing strategies use different valuation techniques

outline/topics

Day 1

Day 1

Day 1

  • Financial reporting and analysis
    • Introduction
    • Role of fundamental analysis
    • Major financial statements
    • Reporting concepts
    • Balance sheet deep dive
    • Income statement analysis

Day 2

Day 1

Day 1

  • Statement of cash flows
    • Free cash flows
    • Other measures of cash flows
  • Ratio analysis
  • Business and industry analysis
  • Company strategy
  • Management assessment

Day 3

Day 1

Day 3

  • Leverage and Cost of Capital
    • Cost of debt
    • Cost of equity
    • Weighted Average Cost of Capital
  • Equity Valuation
    • Introduction to valuation
    • Discounted cash flow (DCF)/Intrinsic Value models
      • Dividend Discount Model (DDM)
      • Gordon Growth Model
      • Free cash flow models

Day 4

Day 4

Day 3

  • Equity Valuation
    • Multiplier Models/Relative Valuation
    • Price multiples
    • Enterprise value (EV) multiples
  • Interpreting multiples
  • Sector-specific comps
  • Trading multiples
  • Transaction multiples
  • Case Studies: Group Presentation

Day 5

Day 4

Day 5

  • Equity issuance
    • IPO process
    • Secondaries
    • Private equity
  • Equity issuance
    • Equity securities
    • Order types
    • Dark pools
    • High frequency trading
    • Short selling
  • Equity portfolio management
    • Risk
    • Expected return
    • Correlations
    • Asset selection
    • Monitoring
    • Rebalancing

For a detailed outline and additional information on this course or to find out about our other courses, contact us at (917) 306-7132 or MPorio@Lucasnassoc.com 

The Modern Equity Trader and Investor

While equity markets in the United States have existed for over 200 years, recent innovations have given rise to significant changes in a number of key aspects of equity investing.   Hedge funds, high frequency trading and dark pools are now significant parts of the landscape for equity markets.   Yet many traditional elements such as mutual funds, broker/dealers and fundamental valuation techniques remain integral to why and how stocks trade.

This one day course provides a complete and updated overview of the modern equity market and the equity-related securities traded within it.  With numerous real-world examples, the program describes in detail how equity trading, products and markets have evolved in recent years.  The class will also review valuation techniques used by both traditional investors and newer market participants such as hedge funds.  Finally, participants will also learn how exchange traded funds have changed the approaches to equity portfolio management.



Duration:  One day

Program Level:  Basic

Prerequisites:  Participants should be familiar with content in the Fundamentals of Securities Markets course

Learning Objectives

  • Identify and describe equity-related securities
  • Compare traditional equity markets and dark pools
  • Explain various equity order types
  • Describe how algorithms works
  • Compare different approaches to equity valuation
  • Identify and explain the construction of market indices
  • Compare and contrast different equity investment vehicles
  • Discuss issues related to equity portfolio management, including the role of ETFs

outline/topics

1 Day Program

  • Introduction
  • Market and Order Types
    • Quote driven
    • Order driven
    • Alternative Trading Systems
    • Order types
    • Algorithms
    • Dark pools
  • Securities lending and short selling
  • Equity products
    • Common and preferred stock
    • Rights/warrants
    • Derivative products
  • Equity indices
    • Index construction
    • Classifications and market segmentation
  • Equity valuation technique
  • Investment vehicles
    • Active strategies
    • Passive strategies
    • Mutual Funds
    • Exchange traded funds
    • Alternative strategies
  • Asset allocation with equities

For a detailed outline and additional information on this course or to find out about our other courses, contact us at (917) 306-7132 or MPorio@Lucasnassoc.com 

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