I just published a free book on Pomegra called Fundamental Analysis for Beginners, and I wanted to share it with the dev/finance crowd here.
👉 Read it: https://pomegra.io/learn/library/track-b-stock-market-core/fundamental-analysis/
What it covers
It takes you from "I can read a 10-K" to "I can defend a price target" — without assuming any prior valuation background. Every framework, ratio, and model is introduced in plain English with a worked numeric example before any abstraction.
The three pillars: business → financials → valuation, and how they fit together.
The ratio toolkit:
- Profitability: ROE, ROIC, margins
- Liquidity & solvency: current ratio, debt/EBITDA, interest coverage
- Efficiency: turnover, days outstanding
- Valuation: P/E, EV/EBITDA, P/FCF, PEG, dividend yield
A gentle, end-to-end walkthrough of discounted cash flow — discount rate, projection, terminal value, sensitivity — including when DCF actually adds value and when it does not.
A disciplined process for comparables analysis: building a peer set, adjusting for size and growth, and using football-field charts.
A forensic toolkit for earnings quality, governance red flags, and the most common analyst mistakes.
20 worked valuations
The last chapter is twenty real-company valuations — Apple, Microsoft, Berkshire, Costco, JPMorgan, Tesla, Disney, Exxon and more — so you see the frameworks in action on businesses you already know.
Who it's for
If you've read the basics on financial statements and want to graduate from "the company exists" to "the company is worth $X per share," this is for you.
Free to read, no signup. Feedback welcome.
🔗 https://pomegra.io/learn/library/track-b-stock-market-core/fundamental-analysis/
Also building https://ai-tldr.dev (daily AI release digest) if you're into that side too.
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