Premium track · Fundamental Analysis

Fundamental Analysis

The free Foundations stages teach investing fundamentals. This track goes further: how traders read earnings, valuation, macro releases, and catalysts — and how those numbers actually move prices.

6 stages · 66 lessons · interactive
Stage 110 lessons

The Income Statement

Read and analyze income statements line by line.

  1. Why Financial Statements Matter — The Company's Report Card
  2. Revenue / Top Line — Where the Money Comes From
  3. Cost of Goods Sold and Gross Profit
  4. Operating Expenses — SGA, R&D
  5. Operating Income and Operating Margin
  6. Interest, Taxes, and Net Income
  7. Earnings per Share (EPS) — Basic and Diluted
  8. Revenue Recognition — When Is a Sale Really a Sale
  9. Recurring vs One-Time Items — Finding the Real Earnings
  10. Income Statement Analysis Challenge
Stage 212 lessons

Balance Sheet & Cash Flow

Understand balance sheets and cash flow statements.

  1. The Balance Sheet — Assets, Liabilities, Equity Snapshot
  2. Current Assets — Cash, Receivables, Inventory
  3. Long-Term Assets — Property, Goodwill, Intangibles
  4. Current Liabilities — Payables, Short-Term Debt
  5. Long-Term Debt — Bonds, Loans, Lease Obligations
  6. Shareholders' Equity — Retained Earnings, Book Value
  7. How the Balance Sheet and Income Statement Connect
  8. The Cash Flow Statement — Why It's the Most Important
  9. Operating Cash Flow — Is the Business Generating Cash
  10. Investing Cash Flow — Capex, Acquisitions
  11. Financing Cash Flow — Debt, Dividends, Buybacks
  12. Free Cash Flow — The Number That Actually Matters
Stage 312 lessons

Financial Ratios & Metrics

Master the ratios professionals use to evaluate companies.

  1. P/E Ratio Deep Dive — Trailing, Forward, Cheap vs Expensive
  2. PEG Ratio — Growth-Adjusted Valuation
  3. P/S Ratio — Useful When There Are No Earnings
  4. P/B Ratio — Book Value and When It Matters
  5. Enterprise Value — Why Market Cap Isn't Enough
  6. EV/EBITDA — The Professional's Favorite Ratio
  7. Return on Equity (ROE) — Is Management Creating Value
  8. ROA and ROIC — Return on Assets and Invested Capital
  9. Debt-to-Equity and Interest Coverage
  10. Dividend Yield, Payout Ratio, Dividend Growth Rate
  11. Comparing Ratios Across Companies and Industries
  12. Ratio Analysis Challenge
Stage 410 lessons

Valuation Methods

Learn how to determine what a company is actually worth.

  1. What Valuation Means — Intrinsic Value vs Market Price
  2. Discounted Cash Flow (DCF) — Simplified Step by Step
  3. Building a Simple DCF Model
  4. Discount Rate and Terminal Value — The Key Assumptions
  5. Comparable Company Analysis — What Are Peers Trading At
  6. Precedent Transactions — What Acquirers Paid
  7. Dividend Discount Model — Valuing Income Stocks
  8. Sum-of-the-Parts Valuation — For Conglomerates
  9. When Each Method Works and When It Fails
  10. Valuation Challenge
Stage 512 lessons

Earnings, Management & Moats

Evaluate earnings quality, management, and competitive advantages.

  1. Reading an Earnings Report — 10-Q, 10-K, 8-K
  2. Earnings Calls — What to Listen For (and What Management Hides)
  3. Earnings Estimates, Beats, Misses — How the Game Works
  4. Guidance and Revisions — Forward-Looking Signals
  5. Quality of Earnings — Is the Profit Real or Manufactured
  6. Accounting Red Flags — Revenue Stuffing, Capitalized Expenses
  7. Management Quality — Track Record, Insider Buying/Selling
  8. Institutional Ownership — What the Big Money Is Doing
  9. Competitive Moats — Brand, Network Effects, Switching Costs
  10. Porter's Five Forces — Simplified Competitive Analysis
  11. Industry-Specific Metrics (SaaS, Banks, Retail)
  12. Earnings Analysis Challenge
Stage 610 lessons

Fundamental Analysis in Practice

Apply FA to real stock analysis and portfolio decisions.

  1. Stock Screening — Building Filters to Find Opportunities
  2. The Due Diligence Checklist — Step-by-Step Research
  3. Building an Investment Thesis — Writing Down WHY
  4. Value Investing Principles — Graham, Buffett, Margin of Safety
  5. Growth Investing — Finding the Next Compounder
  6. GARP — Growth at a Reasonable Price
  7. When Fundamentals and Technicals Disagree — Who Wins
  8. Sector Analysis — Tech vs Energy vs Healthcare vs Financials
  9. Building a Fundamentally-Driven Portfolio
  10. Full Stock Analysis Challenge

Every TradeWize account starts with the free Foundations curriculum — 20 investing stages, no card required. The Fundamental Analysis track is part of Premium, alongside the other advanced trading tracks, real-time market data, and unlimited hearts.

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