Swoopr Academy
Fundamental Analysis
A deeper pass through single-company fundamentals as their own discipline: reading business quality and moats, judging capital efficiency through ROIC, evaluating how management allocates capital, assessing debt and financial health, and using the Altman Z-Score and Piotroski F-Score as quantitative screens.
Advanced
You will be able to
- Explain how business-model, moat, and management analysis fit together as one evaluation
- Apply the ROIC framework and explain why the ROIC-to-WACC spread, not growth alone, drives value creation
- Evaluate a capital allocation track record across reinvestment, acquisitions, debt, dividends, and buybacks
- Use the Altman Z-Score and Piotroski F-Score as quantitative screens for bankruptcy risk and fundamental improvement
Fundamental Analysis is a 5-module Swoopr Academy course. A deeper pass through single-company fundamentals as their own discipline: reading business quality and moats, judging capital efficiency through ROIC, evaluating how management allocates capital, assessing debt and financial health, and using the Altman Z-Score and Piotroski F-Score as quantitative screens. Complete every module's knowledge check to finish the course.
This course is an educational guide only, not personalized investment or trading advice. See our Risk Disclosure.
Recommended before this course: Stock Research Foundations.
Your progress
Course Outline
Modules and knowledge checks
Module 1: Business Quality and Economic Moats
The qualitative and semi-quantitative signals of business durability, and how moat, business model, and management analysis fit together.
- Business Quality: Assessing Durable Competitive Position
- How to Analyze a Company's Business Model, Moat, and Management
Knowledge Check
Module 2: Capital Efficiency and ROIC
How ROIC is built from NOPAT and invested capital, and why the ROIC-to-WACC spread, not growth alone, determines value creation.
- Capital Efficiency Ratios Explained: ROIC, NOPAT, and Incremental Returns
- ROIC Explained: Formula and Meaning
Knowledge Check
Module 3: Capital Allocation
How management decides where cash goes, and why the biggest, most visible action is not always the one that creates value.
Knowledge Check
Module 4: Debt and Financial Health
How much financial risk a balance sheet carries, covenant headroom, and why liquidity runway and debt maturities have to be read together.
Knowledge Check
Module 5: Advanced Screening Tools: Altman Z-Score and Piotroski F-Score
Two quantitative screens built entirely from reported financial statements: one for bankruptcy risk, one for fundamental improvement.
- Altman Z-Score: The Bankruptcy Risk Formula Explained
- Piotroski F-Score: A 9-Point Checklist for Value Stocks