Analyse a company from its own filings.
Pick a tool, enter a ticker, read the result. Every figure shows where it came from and the checks it passed, and anything a filing does not give is marked missing rather than estimated.
New to the methods? The skills library teaches each one step by step.
Up to 5 runs every 10 minutes. Results are not kept without an account. Sign in to keep them.
Company profile
ReadySee five years of a company’s results, its segments and its balance sheet, straight from its filings.
Profile · Segments · Filings
What you’ll getWhat you’ll get, in brief
- Five years of revenue, EBITDA, margins, EPS and free cash flow
- Revenue by segment, product and geography
- Balance sheet, company facts and recent 8-Ks
Also: How it is done
DCF valuation
ReadyEstimate what a company is worth from its future cash flows. Compare cases, and see what today’s share price implies.
Forecast · Valuation · Excel
What you’ll getWhat you’ll get, in brief
- A forecast to free cash flow in bear, base and bull cases over 5, 7, 10 or 15 years, with the last reported years beside it
- A discount rate built from the Treasury rate, beta, the equity risk premium, the cost of debt and the capital structure
- Terminal value by perpetuity growth with an exit-multiple cross-check, the bridge to equity value, value per share and the upside to a price you give
- Stock-based compensation as an economic expense or as a cash-flow adjustment with the awards to come charged to equity, each valued beside the other
- Given a share price, the reverse DCF: the growth, margin and multiple the price implies, and a grid of the combinations within 5% of it
- Sensitivity tables, a valuation range, every assumption labelled with where it came from, and an Excel model that recomputes it
- Or the same valuation on a saved operating model of the company, in its base, upside and downside cases
Also: Excel model · Practise it · How it is done
Trading comps
ReadyCompare a company with its peers on growth, margins and multiples, and see the value they imply.
Peers · Multiples · Valuation
What you’ll getWhat you’ll get, in brief
- A peer set: the one you name, or one proposed from the SEC industry code and ranked on scale, growth and margin, with why each company is in
- Growth, EBITDA, EBIT, margins and net debt per company
- EV/Revenue, EV/EBITDA and EV/EBIT, with peer statistics
- Implied value range, to equity value and per share
Also: Excel model · Practise it · How it is done
Precedent transactions
ReadyFind out what buyers paid for similar companies, and the value those deals imply.
M&A · Multiples · Valuation
What you’ll getWhat you’ll get, in brief
- Deals in the same SEC industry, from their filings
- EV/EBITDA, EV/Revenue and premium quartiles
- Implied value on two methods
Also: How it is done
Transaction analysis
ReadyRead an announced deal from its filing: what was paid, the multiples, and what it does to the buyer’s earnings.
M&A · Accretion · Excel
What you’ll getWhat you’ll get, in brief
- The terms as the filing states them: offer, consideration, unaffected price and premiums, with equity value and enterprise value tied to the filing
- Multiples on three bases: the last twelve months, the latest filed year and the forecasts the proxy discloses
- With the acquirer entered, accretion or dilution, breakeven synergies, ownership, contribution and sensitivities, including the share of the cash borrowed against the rate on it, every term labelled with where it came from: yours, the filings or a stated default
- An Excel model that recomputes it
Also: Excel model · Practise it · How it is done
Three-statement model
ReadyBuild a linked income statement, balance sheet and cash flow forecast that balances in every year.
Forecast · Statements · Excel
What you’ll getWhat you’ll get, in brief
- Up to five filed years reconstructed: EBITDA, operating costs, working capital, the residual balance sheet lines, net debt and free cash flow
- A linked forecast from a ticker alone, on drivers set from the company’s own filings or entered by you, with working capital, PP&E, debt, revolver and equity schedules, in base, upside and downside cases
- Integrity checks in every year and case: the balance sheet balances, cash ties, and every schedule rolls forward
- An Excel model with live formulas
Also: Excel model · Practise it
Software operating model
ReadyModel a software company by function, from a ticker alone, with a three-case forecast and the metrics investors read.
Software · Forecast · Excel
What you’ll getWhat you’ll get, in brief
- Up to five filed years by function, with stock-based compensation, deferred revenue, the remaining performance obligation and cash and investments
- The metrics the filings support: gross margin, operating leverage, billings, RPO coverage, free cash flow margin, the rule of 40 and sales efficiency, and revenue by product and service as the 10-K tags it
- A forecast by function in base, upside and downside cases with cash and investments rolled forward, every driver labelled
- An Excel model that recomputes it, and a model the DCF can value
- Up to five peers you name, or six proposed from the SEC industry code when you name none, on the same ratios, with the quartiles across them
Also: Excel model · Practise it
Biopharma operating model
ReadyModel a biotech or pharma company from a ticker alone: revenue, R&D, cash burn, runway and the breakeven year.
Biopharma · Runway · Excel
What you’ll getWhat you’ll get, in brief
- Up to five filed years: revenue by product and collaboration as the 10-K tags it, cost of revenue, R&D, SG&A, stock-based compensation, cash and investments, the share count
- The metrics the filings support: gross margin, R&D growth and intensity, the stock-based share of spend, net burn, runway and dilution
- A forecast of revenue and spend in base, upside and downside cases, cash and investments rolled forward, the breakeven year and the funding need named
- An Excel model that recomputes it, and a model the DCF can value
Also: Excel model · Practise it
LBO and ability to pay
ReadyTest a buyout: the debt it can carry, the returns it would make and the most a sponsor could pay.
Buyout · Returns · Excel
What you’ll getWhat you’ll get, in brief
- Sources and uses, the operating case and a debt schedule by tranche with amortisation and a cash sweep
- Exit value, MOIC and IRR, where the return comes from, and sensitivities by exit year, exit multiple and exit EBITDA
- The maximum entry price and multiple for a target IRR, and across target returns and exit multiples
Also: Excel model · Practise it · How it is done
Trading range
ReadySee where the share price sits in its 52-week range, and what an offer or a price target implies against it.
Share price · Premium
What you’ll getWhat you’ll get, in brief
- The position in the 52-week range and the premium or discount to the high, the low and the 30, 60 and 90-day averages
- Each reference price’s implied premium to every benchmark, and a ladder of prices at a 10 to 50% premium
- Equity value and enterprise value at each price, on shares and net debt from the 10-K
Also: How it is done
Premiums paid
ReadySee what buyers paid over the undisturbed share price in comparable deals, and the price that implies here.
M&A · Premiums · Excel
What you’ll getWhat you’ll get, in brief
- Deals whose filing states a one-day premium, screened by industry, window, deal type, consideration, buyer and size
- Quartiles of the premiums reconciled to the offer, with the median and mean by consideration, buyer, deal type and year
- The premiums stated in the filing but not reconciled to the offer beside them, by cash, stock and mixed consideration, and an option to include them
- The price, equity value and enterprise value each statistic implies, and where an offer price sits among the deals
- An Excel model that recomputes it
Also: How it is done
Analyst price targets
ReadyGather the published price targets for a company and see the range and the upside they imply.
Targets · Upside
What you’ll getWhat you’ll get, in brief
- Every target with its analyst or broker, date, rating and source, and whether it is in the set
- The mean, median, high and low of the targets in the set, one per analyst, within a recency window
- The upside or downside to each target and statistic, where a reference price is entered
Also: How it is done
Management projections
ReadyRead the forecasts a company disclosed in its merger proxy, every version kept apart.
Forecasts · Proxy
What you’ll getWhat you’ll get, in brief
- Each projection set as the proxy names it: its periods, units, date and who it was given to
- Growth, compound growth, margins, the change in margin and cumulative free cash flow, each traced to the disclosed figures
- How the versions of the forecast differ, line by line, and what the proxy does not disclose
Also: How it is done
Sum of the parts
ReadyValue each part of a business on its own cash flows or your multiple, then add them up to a value per share.
Segments · Valuation · Excel
What you’ll getWhat you’ll get, in brief
- Each segment valued on its own revenue, growth, margin and, where the 10-K tags them, its own D&A and capex, with the multiple it implies; or on EV / Revenue, EV / EBITDA or EV / EBIT at your multiple
- Corporate costs, a loss-making part funded to the horizon, other adjustments, and the bridge from enterprise value to equity value and value per share
- Bear, base and bull, a sensitivity, and the walk from the company valued as a whole to the sum of its parts
- An Excel model with a sheet for each part that recomputes it
Also: How it is done
Filing diff
ReadySee what changed between a filing and the one before it, section by section.
10-K · 10-Q · Changes
What you’ll getWhat you’ll get, in brief
- Each section typed: added, removed or rewritten wording, figures only, or drafting only
- The main changes, why each kind matters, and the sections to read first
- Red-flag terms and sections found in one filing only, marked for review
Also: How it is done
Earnings review
ReadySee what changed this quarter against last quarter and the same quarter a year ago.
Quarterly · Margins · Trend
What you’ll getWhat you’ll get, in brief
- Revenue, gross profit, operating income, net income, diluted EPS and cash, against the prior quarter and a year ago
- What improved, what deteriorated and what else changed, with margins in basis points
- Growth acceleration, operating leverage and an eight-quarter trend
Also: How it is done
Buyer and target screen
Coming soonFind who could buy this company, or whom it could buy, and why.
M&A · Screen
What you’ll getWhat you’ll get, in brief
- Ranked candidates
- Fit rationale per candidate
Not available yetKPI history
Coming soonTrack the operating metrics a company reports, period by period, with their sources.
KPIs · History
What you’ll getWhat you’ll get, in brief
- KPI series
- Definition changes flagged
Not available yetGuidance history
Coming soonCompare what management guided to with what was then delivered.
Guidance · Actuals
What you’ll getWhat you’ll get, in brief
- Guidance against actuals
- Revisions over time
Not available yetWatchlist monitor
Coming soonGet a note when a company on your list files something that changes the picture.
Alerts · Filings
What you’ll getWhat you’ll get, in brief
- Filing alerts
- What changed, summarised
Not available yet
Analyst price targets
Published price targets, selected by a stated rule, with the mean, median and range and the upside to a reference price.
Before you run it
No analyst-estimates source is connected, so the targets are the ones you enter from what you have read, each with who published it and when. Nothing is fetched or filled in, and the set is never called a consensus.
A company acquired since it traded still works by its old ticker, such as JNPR. Where that ticker now belongs to another company, enter its SEC CIK, such as CIK1043604.
Filed figures come from SEC EDGAR. Prices and documents you supply are labelled as yours wherever they are used. Practise the method first in the skills library.