CFA® L1 — Equity Investments
Markets, indices, equity valuation, industry analysis. The introduction to equity investing that L2 builds heavily on.
Quick info
- Layer
- Professional Certifications
- Track
- CFA® Level 1
- Estimated hours
- 30 hrs
- Chapters
- 6
- Exam body
- CFA Institute
- Cost on Trustner
- Free
The full chapter-by-chapter syllabus is published below so you know exactly what you're committing to. Individual lesson pages are being authored progressively over the coming weeks. Bookmark this page or browse all courses.
About this course
Markets, indices, equity valuation, industry analysis. The introduction to equity investing that L2 builds heavily on.
Who this is for
- CFA L1 candidates.
- Equity research analysts.
What you'll learn
- Market organisation, types of orders, trading systems
- Index construction methodologies
- Industry analysis frameworks
- Equity valuation models — DDM, FCFE, market-based
Full syllabus — 6 chapters
- 1Reading 1
Market organisation and structure
- Types of markets and order types
- Margin trading and short selling
- 2Reading 2
Security market indexes
- Construction methods
- Use as benchmarks
- 3Reading 3
Market efficiency
- Forms of efficiency and tests
- Anomalies and behavioural critiques
- 4Reading 4
Equity securities
- Types of equity securities
- Voting rights, dividends, callability
- 5Reading 5
Industry and company analysis
- Porter's framework
- Lifecycle and growth-share matrix
- 6Reading 6
Equity valuation
- Dividend discount model
- Free cash flow to equity
- Multiples — P/E, P/B, EV/EBITDA
About the exam
- Provider
- CFA Institute
Note: ~10-12% of CFA L1 weight.
The exam is administered by CFA Institute. Trustner Academy is not affiliated with CFA Institute; we provide independent preparatory educational material. See our disclaimer.
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