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There are 3 modules in this course
Master pharma stock analysis, financial modeling, and equity valuation techniques used by professional equity research analysts. Learn how to evaluate pharmaceutical companies, build financial projections, and estimate intrinsic stock value using real-world financial data.
This course provides a practical, step-by-step approach to equity research in the pharmaceutical sector through the real-world case study of Claris Lifesciences. You’ll explore pharma industry dynamics, understand injectables and infusion markets, and learn how business models influence financial performance and investment potential.
Through structured lessons and hands-on financial analysis, you’ll examine income statements, identify cost drivers, forecast financial performance, and build valuation models used in professional equity research. The course also covers advanced finance concepts including beta calculation, Weighted Average Cost of Capital (WACC), free cash flow analysis, and discounted cash flow (DCF) valuation techniques.
A unique feature of this course is its strong focus on practical application rather than theory alone. By linking financial statements with forecasting and valuation frameworks, learners gain real-world analytical skills used in investment banking, equity research, and financial analysis roles.
By the end of the course, you’ll be able to independently analyze pharmaceutical companies, estimate intrinsic stock value, interpret investment opportunities, and make informed equity investment decisions with confidence.
This module introduces learners to Claris Lifesciences, the pharmaceutical industry structure, and core financial concepts, enabling them to understand business dynamics, product segments, and the fundamentals of financial statements essential for equity research.
What's included
6 videos4 assignments
Show info about module content
6 videos•Total 40 minutes
Introduction to Claris Lifescience•6 minutes
Financial Performance•7 minutes
Difference Between Injectables and Infusion•6 minutes
Foundations of Claris Lifesciences & Pharma Industry•30 minutes
Getting to Know Claris Lifesciences•10 minutes
Understanding the Pharma Business Model•10 minutes
Financial Statements Demystified•10 minutes
Deep Dive into Financial Analysis & Projections
Module 2•2 hours to complete
Module details
This module focuses on detailed financial analysis, including income statement evaluation, cost drivers, and forecasting techniques, enabling learners to build accurate financial projections for valuation purposes.
What's included
8 videos4 assignments
Show info about module content
8 videos•Total 67 minutes
Quarterly Income Statement Analysis•6 minutes
Quarterly Income Statement Analysis Continue•9 minutes
Projection of Other Income•12 minutes
Calculating Depreciation•8 minutes
Calculating Projection of Amortization•8 minutes
Projection of Finance Cost•9 minutes
Continue on Finance Cost•8 minutes
Projection of Tax Rate and Completion•6 minutes
4 assignments•Total 60 minutes
Deep Dive into Financial Analysis & Projections•30 minutes
Income Statement Analysis in Action•10 minutes
Revenue & Cost Drivers Forecasting•10 minutes
Financing & Tax Projections•10 minutes
Valuation & Investment Decision Making
Module 3•3 hours to complete
Module details
This module covers advanced valuation techniques, including cash flow modeling, cost of capital, and equity valuation, enabling learners to determine intrinsic value and make informed investment decisions.
What's included
8 videos4 assignments
Show info about module content
8 videos•Total 82 minutes
Continue on Tax Rate Completion•8 minutes
Projection of Balance Sheet Items•12 minutes
Projection of Cash Flow Statement•11 minutes
How to Calculate Beta of Stock in MS Excel•12 minutes
Calculation of WACC and Cost of Equity•12 minutes
Valuation of Share Based on FCFF•9 minutes
Equity Value Per Share Calculation•6 minutes
Calculation First and Second FWD PE Multiple•12 minutes
4 assignments•Total 60 minutes
Valuation & Investment Decision Making•30 minutes
Completing Financial Projections•10 minutes
From Cash Flows to Cost of Capital•10 minutes
Valuation & Market Multiples•10 minutes
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