Master Financial Analysis Through Real Market Cases

Most finance courses teach theory. We teach you how to read financial statements the way professionals do—spotting what matters, understanding business models, and making informed decisions based on actual data.

View Program Details
Professional financial analysis workspace with market data and reports

Built on Three Principles

Our program focuses on practical application rather than academic theory. You'll work with real company reports from day one.

Real Company Analysis

Every session involves actual financial statements from companies across different sectors. You'll learn to identify revenue quality, understand cash flow patterns, and spot red flags that textbooks rarely mention. We use Bulgarian and European companies alongside global examples so you see how reporting standards translate across markets.

Industry Context First

Numbers mean nothing without context. A 15% margin might be excellent in retail but concerning in software. We teach you to understand business models before diving into ratios. You'll learn why comparing a bank's metrics to a manufacturer's metrics leads nowhere useful.

Progressive Skill Building

Start with balance sheet basics. Move to income statement interpretation. Then cash flow analysis. Finally, bring it together in valuation approaches. Each module builds on the previous one, with assignments that reinforce what you've learned through repetition and practical application.

What Our Students Accomplish

18
Weeks of Instruction

September to December 2025 cohort runs twice weekly with supplementary practice materials

45+
Company Cases

Analyze real businesses from technology, retail, banking, manufacturing, and services sectors

8-12
Students per Cohort

Small groups allow personalized feedback and collaborative learning environment

Lukas Bergström, fundamental analysis instructor

Lukas Bergström

Lead Instructor, Fundamental Analysis

I spent twelve years analyzing companies for institutional investors before moving into education. The job taught me that financial analysis isn't about memorizing formulas—it's about asking the right questions and knowing where to find answers in the data.

What I enjoy most about teaching is watching students move from confusion to confidence. That moment when someone realizes they can actually read a cash flow statement and understand what it means for business health? That's why I do this.

Professional Background Equity research analyst covering European mid-cap companies, with focus on consumer goods and industrial sectors
Teaching Approach Case-based learning with emphasis on pattern recognition and practical interpretation over theoretical frameworks

How the Program Works

Our autumn 2025 cohort begins September 8th and runs through December 19th

Students engaged in financial analysis study session
1

Foundation Phase

Six weeks covering financial statement structure, accounting principles, and basic ratio analysis. You'll complete weekly assignments analyzing specific sections of company reports with instructor feedback.

2

Application Phase

Eight weeks of integrated analysis combining balance sheet, income statement, and cash flow interpretation. Each week focuses on a different industry with collaborative case discussions.

3

Synthesis Phase

Four weeks bringing everything together through comprehensive company evaluations. Final project involves complete fundamental analysis of a company you choose, presented to the group.

Ready to Start?

Enrollment for September 2025 cohort opens June 1st. Space is limited to maintain quality of instruction.

Detailed financial analysis documents and investment research materials