## Overview

Our free CFA Level II Equity Investments notes cover everything you need to know for this module. From discounted cash flow valuation, market-based and private company valuation, to industry and company analysis, we've got you covered. Whether you're in a classroom or taking the self-study route, these notes provide added peace of mind, knowing that you have everything you need to help consolidate and revise effectively for CFA Level II exam. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created comprehensive study guides for all CFA Level II topics. Check out our other free notes below:

- [Ethical and Professional Standards](./cfa-level2-ethical-and-professional-standards)
- [Quantitative Methods](./cfa-level2-quantitative-methods)
- [Economics](./cfa-level2-economics)
- [Financial Statement Analysis](./cfa-level2-financial-statement-analysis)
- [Corporate Issuers](./cfa-level2-corporate-issuers)
- [Equity Investments](./cfa-level2-equity-investments)
- [Fixed Income](./cfa-level2-fixed-income)
- [Derivatives](./cfa-level2-derivatives)
- [Alternative Investments](./cfa-level2-alternative-investments)
- [Portfolio Management and Wealth Planning](./cfa-level2-portfolio-management-and-wealth-planning)

## 1. Discounted cash flow valuation

- [FCFF and FCFE models](./cfa-level2-discounted-cash-flow-valuation-fcff-and-fcfe-models)
- [Multi-stage dividend discount and h-model](./cfa-level2-discounted-cash-flow-valuation-multi-stage-dividend-discount-and-h-model)
- [Residual income and economic value added](./cfa-level2-discounted-cash-flow-valuation-residual-income-and-economic-value-added)

## 2. Market-based and private company valuation

- [Multiples comparables and normalization](./cfa-level2-market-based-and-private-company-valuation-multiples-comparables-and-normalization)
- [Private company adjustments control and marketability](./cfa-level2-market-based-and-private-company-valuation-private-company-adjustments-control-and-marketability)
- [Venture capital and lbo approaches](./cfa-level2-market-based-and-private-company-valuation-venture-capital-and-lbo-approaches)

## 3. Industry and company analysis

- [Competitive forces growth drivers and moats](./cfa-level2-industry-and-company-analysis-competitive-forces-growth-drivers-and-moats)
- [Forecasting revenues margins reinvestment and ROIC](./cfa-level2-industry-and-company-analysis-forecasting-revenues-margins-reinvestment-and-roic)
- [Earnings quality and cash flow modeling](./cfa-level2-industry-and-company-analysis-earnings-quality-and-cash-flow-modeling)

Free CFA Level II Equity Investments Study Guide