Finance -- Key Financial Data and Analysis
Financial Snapshots
Financial Statements
Product and Geographic Segmentation
Financial Ratios
Wall Street Analysis
Peer Group Analysis
Financial Snapshots
- "Snapshots" of historical, current, and often projected financial statements, market performance and financial ratios
- Comparisons between your company and its industry peers
- Industry Outlook
- Estimated Earnings
- Brief Analyst Commentary
Standard & Poor's NetAdvantage Stock Reports
- These six page "tearsheets' are an industry standard
Reuters
Investor
Free but registration required
Nasdaq
Includes companies traded on all exchanges
Financial Statements
How to Read a Financial Report (Merrill Lynch)
Where to Get Financial Data on a Company, and How to Interpret It
- Free SEC filing web site
- Extracted Financial Data - current and historical (usually 10 years) complete financial statements tagged for downloading into Excel
- Click Companies>Filings tab for most recent of frequently requested SEC filings; includes 20Fs, foreign company filings (equivalent to 10K)
- Click Filings List to access filings back to 1996
- Options to download filings into Word .rtf and financials into Excel
Product and Geographic Segmentation
- Click Companies>Financials>More>Worldscope Reports and Charts>Business Segment Review or Geographic Segment Review
Standard & Poor's Stock Reports
- "Business Summary" section of each company tearsheet includes text description of lines of business including breakdown of product segmentation
- Includes companies traded on all exchanges
- Enter Ticker Symbol in "Get up to 10 Quotes" box
- Click on Summary Quotes button
- Scroll down to Company Description; click on more link. Displays business and segment data from the most recent 10K
Bloomberg
- Type Ticker Symbol<EQUITY>DES<GO>
- Product Segmentation = <PAGE DOWN> to pg. 6
- Geographic Segmentation = <PAGE DOWN> to pg. 7
Financial Ratios
Company-Specific Ratios
- Click Companies>Financials
- Includes: Fundamental Ratios, Growth Ratios, and more
Industry Aggregate Ratios
Dun's Industry Norms and Key
Business Ratios
BUS REF HF 5681 R25 I525
RMA Annual Statement Studies
BUS REF HF 5681 .B2 R6
Financial
Ratios and Quality Indicators
Provides good explanation of key business ratios and how they are
calculated
Wall Street Analysis
- Investment banking analysis on target companies and industries
- Substantive reports (8+ pages) will often include historical and projected financials and earnings estimate, comparative analysis across industry peers, and industry outlook
- Analyst and industry expert roundtable discussions on companies and industries
- CEO/top management interviews offering their perspective on company's financial health and future outlook
Fair Disclosure Transcripts (Factiva)
- Substantive conversations between company's upper management
and investment banking analysts covering topics including:
- earnings announcements significant events (e.g. auditor changes, restatement of financials, change in management)
- changes in strategic or operational direction
What to "Listen" for:
- Mood of management and analysts
- Management's plans to deal with earning's expectations and disappointments
- Management's ability to answer tough questions
- Plans to deal with the competition
- Management's vision
Factiva Search Strategy:
- Free text search box: sn=fair disclosure and hd=company name
- example: sn=fair disclosure and hd=dell
- Click Companies>Estimates>Consensus Estimates
Standard & Poor's NetAdvanage Stock Reports
- Analyst Consensus
- Peer Group Analysis
- Industry Outlook
Peer Group Analysis
- Click Companies>Peers
- Comparisons of financials, performance, and earnings
- Use Thomson's selected list of peers or customize the group
- Click Companies>Prices>Interactive Charts to compare your company to industry peers and index group
Bloomberg
- Compare a company against its sector peers
- Type Ticker Symbol<EQUITY>RV<GO>
- To view data in a graph: Type Ticker Symbol<EQUITY>COMP<GO>
- Allows you to determine relative value on a total return basis
- substantive investment banking reports (8+ pages) will often include comparative analysis across industry peers
Standard & Poor's Industry Survey
- "Comparative Company Analysis" section located at back of each survey identifies comparable U.S. public companies broken out by key segments within each industry
- includes: revenues, net income, profit ratios, balance sheet ratios, equity ratios, and per-share data
