Your stepping stone into equity research

How valuation works, on real companies. In Student mode you build each model step by step: you make every call, a coach asks the questions, and you can work the calculations yourself.

• Understand the company firstThe business, growth, DuPont, financial health, cash, its rivals and its weight in the economy, with your own conclusions.
• Build a DCF step by stepTen steps from the business to your value per share and your thesis, on a real company.
• Value it against its peersSeven steps: choose the peers and the multiple, decide what the company deserves, and defend it.
• Value it by its dividendsSix steps for banks and steady payers: dividend growth, the cost of equity, and the value of every future dividend.
• MethodologyEach model's formulas and where they come from: Damodaran, the CFA curriculum, Rosenbaum & Pearl.
• Investor lensesBuffett, Lynch, Graham, Greenblatt, Fisher and Piotroski applied to a company, criterion by criterion.

The work an analyst is asked for: a model you can defend, a written report and a one-page memo.

• Excel workbookDCF, comparables, three-statement and more on live data, each exported as a formula-driven workbook.
• Report StudioAn initiation report with live charts, exported to Word or PowerPoint.
• IC memoFrom any model, the IC memo button in the company bar drafts a one-page memo from your numbers.

Publish dated calls under your name. The price at publication is recorded by the server and the result stays on your record, right or wrong.

• Analyst profileYour public profile and track record of calls, to show employers and your investment club.
• Thesis MonitorYour KPIs checked against every results release, with your DCF re-run on the new numbers.