Financial Modeling & Fundamental Analysis: Starbucks from Udemy

Overview: Elevate your financial acumen with our comprehensive Financial Analysis and Valuation Masterclass. Designed for both beginners and intermediate learners, this course provides a deep dive into essential financial concepts, data analysis, and valuation techniques. Through hands-on lectures and practical examples, you'll gain the skills to analyze financial statements, project future performance, and determine the intrinsic value of a company.

Key Sections:

Introduction:
- Course overview and objectives.
- Insight into the importance of financial analysis and valuation.
Getting Started:
- Populating historical data for analysis.
- Horizontal and vertical analysis techniques.
- Introduction to ratio analysis.
Projections:
- Understanding and projecting revenue drivers.
- Analyzing cost drivers and working capital dynamics.
- Depreciation forecasting for accurate financial planning.
Financial Statements:
- Building a comprehensive income statement.
- Exploring shareholders' equity schedules.
- Constructing a robust cash flow statement.
- Understanding the balance sheet structure.
DCF Valuation:
- In-depth exploration of discounted cash flow (DCF) valuation.
- Analyzing cash flow components, discount rates, and terminal values.
- Incorporating risk factors for a comprehensive valuation.

Who Should Enroll:

Finance professionals looking to enhance their analytical skills.
Students aspiring to enter the finance and investment industry.
Business enthusiasts interested in understanding company valuation.

Prerequisites: Basic understanding of financial terms and familiarity with Microsoft Excel.

Outcome: Upon completion, participants will be equipped with the skills to analyze financial statements, perform projections, and conduct discounted cash flow (DCF) valuations. This mastery will empower informed decision-making in various financial scenarios.

Enroll now to unlock the secrets of financial analysis and valuation.

What's inside

Learning objectives

Build valuation models from scratch
Initiate financial analysis by learning how to gather historical data and perform analyses, including horizontal and vertical analysis, with ratio analysis
Delve into forecasting with a focus on revenue and cost drivers, working capital, and depreciation.

Master the preparation of cash flow statements, a crucial component of financial analysis, along with exploring the balance sheet, completing any missing links
Delve into discounted cash flow (dcf) valuation, a key technique for assessing a company's intrinsic value.

Build valuation models from scratch
Initiate financial analysis by learning how to gather historical data and perform analyses, including horizontal and vertical analysis, with ratio analysis
Delve into forecasting with a focus on revenue and cost drivers, working capital, and depreciation.
Master the preparation of cash flow statements, a crucial component of financial analysis, along with exploring the balance sheet, completing any missing links
Delve into discounted cash flow (dcf) valuation, a key technique for assessing a company's intrinsic value.

Syllabus

Introduction

Introduction to Course

Getting Started

Populating Historicals

Horizontal Analysis

Vertical Analysis

Ratio Analysis

Projections

Revenue Drivers

Revenue Drivers Continued

Cost Drivers

Working Capital

Depreciation Forecast

Depreciation Forecast Continued

Income Statement

Shareholders Equity Schedule

Cash Flow Statement

Cash Flow Statement Part 1

Cash Flow Statement Part 2

Cash Flow Statement Part 3

Balance sheet

Balance sheet Continued

Completing Missing Links

DCF Valuation

DCF Valuation Part 1

DCF Valuation Part 2

DCF Valuation Part 3

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Provides a deep dive into discounted cash flow (DCF) valuation, which is a key technique for assessing a company's intrinsic value and making informed financial decisions

Teaches learners how to build comprehensive income statements, which are essential for understanding a company's profitability and financial performance over a specific period

Requires a basic understanding of financial terms and familiarity with Microsoft Excel, which may pose a barrier to entry for some learners without prior exposure

Explores horizontal and vertical analysis techniques, which are fundamental tools for comparing financial data across different periods and identifying trends

Covers depreciation forecasting for accurate financial planning, which is crucial for understanding the impact of asset depreciation on a company's financial statements

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Financial Modeling & Fundamental Analysis: Starbucks with these activities:

Review Accounting Principles

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Solidify your understanding of basic accounting principles to better grasp financial statement analysis.

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Review key accounting equations and principles.
Practice applying these principles to sample financial statements.

Read 'The Interpretation of Financial Statements' by Benjamin Graham

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Gain a deeper understanding of financial statement interpretation from a value investing perspective.

View The Intelligent Investor, 3rd Ed.: The... on Amazon

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Read the book, focusing on chapters related to balance sheets, income statements, and cash flow statements.
Take notes on key concepts and examples.

Excel Financial Functions Practice

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Improve your proficiency with Excel financial functions to streamline model building.

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Practice using functions like PV, FV, NPV, IRR, and XIRR.
Apply these functions to solve example financial problems.

Four other activities

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Write a Blog Post on DCF Valuation

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Reinforce your understanding of DCF valuation by explaining the concept in a blog post.

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Research and outline the key components of DCF valuation.
Write a clear and concise blog post explaining the process.
Include examples and visuals to illustrate the concepts.

Model a Competitor of Starbucks

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Apply the course's concepts by building a financial model for a company in the same industry as Starbucks.

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Choose a publicly traded competitor of Starbucks.
Gather historical financial data for the chosen company.
Build a financial model, including projections and DCF valuation.
Compare your model's results to Starbucks' valuation.

Read 'Financial Statement Analysis and Security Valuation' by Stephen Penman

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Deepen your understanding of financial statement analysis and valuation techniques.

View Financial Statement Analysis and Security... on Amazon

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Read the book, focusing on chapters related to forecasting and valuation.
Work through the examples and exercises in the book.

Create a Financial Modeling Template Library

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Build a library of reusable financial modeling templates to accelerate future projects.

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Identify common financial modeling tasks (e.g., depreciation schedules, debt schedules).
Create templates for each task in Excel.
Document the purpose and usage of each template.

Career center

Learners who complete Financial Modeling & Fundamental Analysis: Starbucks will develop knowledge and skills that may be useful to these careers:

Valuation Analyst

A valuation analyst determines the economic value of assets, businesses, or securities. A large component of this role entails discounted cash flow analysis, which is covered in depth in this course. Specifically, the course provides training in analyzing cash flow components, discount rates, and terminal values, as well as how to incorporate risk factors for a comprehensive valuation. The course also covers how to build a comprehensive income statement and how to explore shareholders' equity schedules. A valuation analyst benefits from a thorough understanding of all of these components of valuation.

See salaries and explore the career path for Valuation Analyst

Business Appraiser

A business appraiser determines the value of a business. The course provides a strong foundation for anyone who wishes to become a business appraiser. The course's deep dive into discounted cash flow valuation provides a business appraiser the opportunity to master this key technique. The course also covers the importance of financial analysis and valuation, and provides training on how to gather historical data and perform analyses including horizontal and vertical analysis, and ratio analysis. This helps anyone interested in becoming a business appraiser build a strong foundational knowledge. The course teaches how to perform projections, including revenue and cost drivers, working capital and depreciation.

See salaries and explore the career path for Business Appraiser

Investment Analyst

An investment analyst evaluates investment opportunities for financial institutions or investors. The course provides many key components needed for an investment analyst role. The course teaches how to build valuation models from scratch and how to perform discounted cash flow valuation. The course also shows how to analyze financial statements and perform projections. Someone who wishes to move into an investment analyst role benefits from an understanding of projections of revenue and cost drivers, working capital dynamics, and depreciation forecasting, all of which are addressed in the course.

See salaries and explore the career path for Investment Analyst

Equity Research Analyst

An equity research analyst studies companies, industries, and securities. Fundamental analysis is the core of the equity research analyst role. The course provides training on fundamental analysis, including an introduction to ratio analysis as well as building valuation models from scratch. This is especially useful for anyone aspiring to become a equity research analyst. The course also covers discounted cash flow valuation, a vital technique for assessing a company's intrinsic value.

See salaries and explore the career path for Equity Research Analyst

Hedge Fund Analyst

A hedge fund analyst researches investment opportunities for a hedge fund. A hedge fund analyst must perform a comprehensive financial evaluation of potential investments. This course provides a strong introduction to many aspects of that work. The course teaches how to build valuation models from scratch, as well as how to perform discounted cash flow valuation. It also covers how to analyze financial statements, including preparation of cash flow statements and exploring shareholders' equity schedules, all of which are necessary for a hedge fund analyst. The course's focus on ratio analysis is also useful in this role.

See salaries and explore the career path for Hedge Fund Analyst

Corporate Finance Analyst

A corporate finance analyst provides financial planning and analysis for a company. This course helps develop skills in several areas useful in working as a corporate finance analyst. For example it teaches how to build a comprehensive income statement. It also teaches how to construct a robust cash flow statement, which is important in determining the financial health of an organization. The course also provides a foundation in projecting revenue drivers and understanding cost drivers, essential skills of a corporate finance analyst. The course also covers discounted cash flow valuation, which helps determine a company's intrinsic value.

See salaries and explore the career path for Corporate Finance Analyst

Financial Analyst

A financial analyst often uses financial statements to make recommendations regarding investments. This course provides a solid foundation of skills for a financial analyst. The course teaches the building of a comprehensive income statement and a robust cash flow statement. It also teaches how to explore shareholders' equity schedules and understand balance sheet structure. Understanding how to perform horizontal and vertical analysis, along with ratio analysis, further prepares a learner for the work of a financial analyst. Furthermore, discounted cash flow analysis builds practical skills in valuation, which are key in a financial analyst role.

See salaries and explore the career path for Financial Analyst

Financial Consultant

A financial consultant advises clients on financial matters, including investments and financial planning. This course provides a strong base of financial concepts and analytical techniques for anyone who wishes to become a financial consultant. Specifically, it introduces techniques in populating historical data for analysis and in performing horizontal and vertical analysis. The course also covers discounted cash flow valuation and how to build a comprehensive income statement and a robust cash flow statement. A financial consultant may be required to perform some, or even all, of these functions.

See salaries and explore the career path for Financial Consultant

Business Development Analyst

A business development analyst supports a company's growth through market and financial analysis. The course provides a strong foundation in financial analysis, which is extremely useful for a business development analyst. The course teaches how to analyze financial statements, project future performance, and determine the intrinsic value of a company, all of which are necessary in a business development analyst role. The course also teaches how to analyze cost drivers and working capital dynamics, and how to perform depreciation forecasting, also vital skills to use.

See salaries and explore the career path for Business Development Analyst

Private Equity Analyst

A private equity analyst researches and analyzes potential private equity investments. This course provides instruction on several key areas, which may be helpful to anyone becoming a private equity analyst. This includes building valuation models from scratch and performing discounted cash flow valuation. The course also shows how to project revenue and cost drivers, analyze working capital, and perform depreciation forecasting. This work builds a solid foundation for the work of a private equity analyst. The course's instruction on horizontal and vertical analysis may also be helpful.

See salaries and explore the career path for Private Equity Analyst

Credit Analyst

A credit analyst evaluates the creditworthiness of individuals or organizations. This course provides foundational knowledge helpful in the work of a credit analyst. The course introduces ratio analysis, which is a large component of credit risk work. It also teaches how to build a comprehensive income statement and a robust cash flow statement. A credit analyst must also have an understanding of balance sheets. The horizontal and vertical analysis techniques taught in this course are also beneficial.

See salaries and explore the career path for Credit Analyst

Portfolio Manager

A portfolio manager makes investment decisions on behalf of clients or a firm. This course may be useful for a portfolio manager. The course provides a foundation in financial analysis through its introduction to ratio analysis, as well as its instruction on how to build valuation models from scratch. An understanding of building a comprehensive income statement and a robust cash flow statement also provides necessary knowledge for a portfolio manager. Discounted cash flow valuation may be necessary for certain portfolio manager roles. This course is especially helpful for a portfolio manager who wants to review or refresh their foundational knowledge.

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Management Consultant

A management consultant provides advice to organizations to improve their performance and efficiency. This may be helpful for a management consultant, especially if they are involved in financial analysis or business strategy. The course teaches how to analyze financial statements, perform projections, and conduct discounted cash flow valuations. These skills may be useful for a management consultant who needs to evaluate financial performance or help a client make strategic decisions. The course may also be useful to support the creation of models for clients. The course also covers projection of revenue and cost drivers, which are useful to a management consultant.

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Financial Planner

A financial planner helps individuals or families manage their finances and achieve their financial goals. Although a financial planner would require a broader understanding of the markets than that taught in this course, this course may still be useful. The course teaches financial statement analysis, which may be useful in providing a comprehensive overview of someone's financial situation. The ability to project revenue and cost drivers may be helpful in financial planning. Instruction in discounted cash flow valuation may also provide a knowledge base that a financial planner can leverage.

See salaries and explore the career path for Financial Planner

Actuary

An actuary analyzes the financial costs of risk and uncertainty. This role typically requires advanced degrees and certifications. This course may be helpful for someone wishing to go into actuarial science. It introduces financial analysis and valuation, which are key to the work of an actuary. The course shows how to build a comprehensive income statement and how to construct a robust cash flow statement, which are fundamental skills that an actuary may need. It also addresses projections of revenue and cost drivers, and depreciation forecasting.

See salaries and explore the career path for Actuary

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Financial Modeling & Fundamental Analysis: Starbucks.

The Intelligent Investor, 3rd Ed.

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Provides a classic and timeless approach to understanding financial statements. It emphasizes fundamental analysis and teaches readers how to identify undervalued companies. It is particularly useful for understanding the underlying principles behind financial statement analysis, which is crucial for this course. While not a direct guide to financial modeling, it provides the necessary context for building sound models.

The Intelligent Investor, 3rd Ed.: The Definitive...

Hardcover

Financial Statement Analysis and Security Valuation

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Provides a rigorous and comprehensive approach to financial statement analysis and valuation. It goes beyond basic ratio analysis and delves into the underlying drivers of company performance. It is particularly useful for understanding how to use financial statements to forecast future performance and value companies. This book adds more depth to the course by providing a more advanced perspective on financial analysis.

Financial Statement Analysis and Security Valuation

Hardcover

$$$$

Financial Modeling & Fundamental Analysis

Starbucks

What's inside

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