Improve your equity research productivity

Transcription

1

2 Improve your equity research productivity Creating and updating company models Standardized Excel based company models ensure each analyst s work seamlessly integrates with research database and can be re used in reports, website, industry overviews, etc. Save time through automated rebalancing of balance sheet, year changes, model version updates Outputs can be customized, and proprietary input sheets linked to model Optionally, company data from Bloomberg or ThomsonReuters can be imported to facilitate creation of new models Generating reports Create reports using customized Word or PowerPoint templates Import tables and charts from company data in the database Publish as PDF or include in searchable on line report library Distributing research Offer your research in interactive, reusable format through online research database Users can view any followed company, run comparisons using customizable tools and try their own scenarios building on analyst estimates Research database can be customized to client specifications Maintaining your research library Valuatum hosts the database and web interface, minimizing maintenance needs at your end Updates, version control, etc. are automatically rolled out You can always revert to an earlier version of any model uploaded Industry standard security and back up solutions are built into the system

3 Overview of Valuatum s Sell side system Interactive company models Valuatum s research system is built around a hosted database of standardized company models. The models can be created and modified using Excel, a web based interface, or a custom Java Applet. The models can also be used to generate PowerPoint, Word or PDF reports. FX rates $ Report generation tools Model library database Share price data We also offer a customizable suite of web based tools integrated with the database. These allow end users to create their own company comparisons, filters, sort rules, etc. Users can also create their own scenarios based on the analyst s company models. As a hosted cloud computing service following the SaaS (Software as a Service) paradigm, our system is easy to set up and requires little integration with existing systems (integration with CRM systems, and/or linking existing company models is possible if desired).

4 Workflow management Analyst creates and updates company model Standardized model structure Ability to link custom Excel input sheets Option to pre populate model with Reuters or Bloomberg data Automated calculations to ensure model is internally consistent Key figures and ratios automatically calculated Built in DCF and EVA models Analyst uploads model into database Models saved in standard form, allowing easy data extraction, cross company comparisons, etc. Revision history saved, allowing roll back to earlier model Share price, FX rates, and affected key figures automatically updated Ability to reuse data in automated reports, website, s, SMS Data extraction into: Standard and custom web pages Word and PowerPoint report templates s, SMS messages Interactive tools allow end users to build comparisons, construct scenarios using analyst s or own numbers

5 Creating company models Company models Available for Microsoft Excel, can also be viewed and edited using web interface or Java Applet (see next pages) Standardized, state of the art model with built in DCF and EVA valuation engines Possibility to link with client s current model, allowing analysts to continue using their own sheets Automated year changes, balancing of balance statement Forced internal consistency (yearly vs. quarterly figures, divisional vs. group level figures, income statement and balance sheet, etc.) Extensive inputs covering virtually any contingency (e.g., stock splits and issues, currency conversions, etc.) Upload and download changes to/from model library database with a single click Optionally import company data (realized and consensus estimates) from ThomsonReuters or Bloomberg when initiating coverage, for peer group comparisons, etc.

6 Java Applet model interface

7 Web based research distribution Web based research database View individual companies Users can change estimates to test their own scenarios Model automatically recalculates after any changes to remain internally consistent Layout and features can be tailored according to client wishes Multiple views available, including quarterly and divisional breakdown, DCF/EVA valuation, analyst comments, and review of historical estimates accuracy Interactive tools for crosscompany comparisons, including filtering, ranking, XY scatter diagrams, etc. Searchable PDF report library

8 Excel queries Excel query tool Select any set of parameters stored in the database Set time frame Choose all or subset of companies followed Produce an Excel table, easily used to generate graphs, as input for calculations or proprietary applications and analyses

9 Generating company reports Report templates Available for Microsoft Word and PowerPoint Layout fully customizable to client specifications Tables and charts are prepopulated with company data from database Data for multiple companies can be included in each report to create, e.g., sector overviews

10 Frequently asked questions Q: Can you create a web interface and report templates matching our company look & feel? A: Certainly. We have done this for several customers. Q: I like the features, but I don t like the idea of having dozens of consultants running around my office for the next 6 months, distracting my analysts and IT. How long does it take to get the system up and running? A: Since our system is run from centralized servers, it does not require any complex IT integration. Most of the customization work involves modifying the report templates and web interface to match your requirements. Depending on the level of customization required, we could have you up and running in a few weeks. Q: How much does it cost to use the system? A: Instead of a large up front investment, you pay a monthly charge for using our service. The monthly billing amount depends on several factors, such as number of users, number of companies followed, and level of customization / support required. We would be happy to discuss your specific needs and provide a tailored quote. Q: Can you migrate our current model library into your system? A: Most likely, yes. If you use Excel spreadsheets to build your models, we will probably be able to link the relevant output cells of your existing models into our model s input cells. Q: If we adopt your database, but want to use our own website to show company data, what interface options do you support? A: Any data stored in the database (approximately 9,000 figures for each company model) can be retrieved using RSS or WebServices technology.

11 Frequently asked questions, continued Q: If you run from centralized servers, can I be sure my data is safe? What security and back up solutions do you use? A: Back ups are taken on a daily basis, and we have sophisticated security systems. Some of our major clients, such as Danske Bank and the State of Finland have conducted security audits on our systems, and we would also welcome any future clients to do so. Q: Can your models handle special situations, such as corporate actions (stock splits, issues, etc.)? A: Yes. Our model was designed by former sell side analysts, and we have included most of the special situations commonly encountered in analyzing a company. We are happy to consult with our clients on the best way to handle any specific situation that will arise, and will create a custom solution if the situation simply cannot be handled using the current model version.

12 Company background Valuatum Equity analysis solutions Founded in 2000 Headquartered in Helsinki, Finland Currently employs 17 staff Sustainable business model Owned 90% by employees, financed with cash flow AAA credit rating from Dun & Bradstreet since clients, including equity brokers, institutional investors, and investor relations depts

13 Want to know more? Visit our website, for a video walkthrough of the Valuatum Sell side system and additional information, including technical architecture Sign up for a free trial account through the website Contact our sales team at contact@valuatum.com to discuss your specific needs, or to request a quotation

14 Appendix: Additional screenshots

15 Interactive tools: XY scatter comparison Create graphs with a single click Choose from extensive predefined criteria, e.g.,: P/E vs. X years EPS growth P/BV vs. X years average ROE% EV/EBIT vs. X years EBIT growth Easily create custom criteria Stock prices are updated daily Include historical positions for chosen period

16 Interactive tools: Share ranking View predefined or user defined ratios and figures for companies Sort by any parameter with a single click Create customized parameters by defining formulae based on existing figures

17 Interactive tools: Multi criteria ranking Use predefined points schemes or create custom schemes to rank companies using multiple criteria Define scoring formula for each criterion measured Example of scoring: Points Limit value = 2% Target value = 4% Max points = Value (Percent)

18 Excel model: Sensitivity analysis