New Book: Fundamental Analysis for Beginners (Free, on Pomegra)
I just published a free book on Pomegra called Fundamental Analysis for Beginners.
Read it: https://pomegra.io/learn/library/track-b-stock-market-core/fundamental-analysis/
It takes you from "I can read a 10-K" to "I can defend a price target" with no prior valuation background assumed. 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 and solvency (current ratio, debt/EBITDA, interest coverage), efficiency (turnover, days outstanding) and valuation (P/E, EV/EBITDA, P/FCF, PEG, dividend yield).
A gentle, end-to-end walkthrough of the discounted cash flow model — 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.
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.
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).

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