CFA® L2 — Equity Investments
Equity valuation models — DDM, FCFE, residual income, market-based — applied to actual companies. Item-set heavy.
Quick info
- Layer
- Professional Certifications
- Track
- CFA® Level 2
- Estimated hours
- 50 hrs
- Chapters
- 1
- Exam body
- CFA Institute
- Cost on Trustner
- Free
Every chapter below has Foundation, Deep Dive, and Advanced material — read in any order, expand each chapter to see the full content.
About this course
CFA L2 Equity is heavily weighted (10-15%). Focus: equity valuation models — DDM, FCFE/FCFF, residual income, market-based multiples. Item sets test model selection, input estimation, and sensitivity analysis.
Who this is for
- CFA L2 candidates.
- Equity research analysts.
- Active portfolio managers.
What you'll learn
- Industry and company analysis
- Discounted dividend valuation (DDM, Gordon, multi-stage)
- Free cash flow valuation (FCFE, FCFF)
- Residual income models
- Market-based valuation — P/E, P/B, EV/EBITDA
- Private company valuation
Course material — 1 chapters
Each chapter offers three tiers — Foundation for the core concept, Deep Dive for worked examples and practitioner depth, and Advanced for edge cases and exam tips. Click any chapter to expand.
More from CFA® Level 2
CFA® L2 — Quantitative Methods
Multiple regression, time-series, machine-learning fundamentals, big-data techniques. Quant that actually shows up in research roles.
CFA® L2 — Economics
Currency exchange rates, economic growth models, regulation, sustainable investing — economics applied to investment decisions.
CFA® L2 — Financial Statement Analysis
Inter-corporate investments, business combinations, employee compensation, multinational operations, quality of financial reports — where the heavy lifting begins.
CFA® L2 — Corporate Issuers
Capital structure decisions, ESG analysis, M&A and corporate restructuring at the depth analysts need.