Fundamental Research, from Statements to Peer Comparisons.
Read financial statements over time, track revenue and profitability, compare valuation ratios across peers, and let AI explain what the numbers mean.
Company research
Understand how a business makes, keeps and spends its money
Fundamental research asks what a company earns, how efficiently it operates, how it is financed and how the market values it. The module is designed to lay that out across several years and against comparable companies, so trends stand out.
Income statement, balance sheet and cash flow in one view- Multi-year trends for revenue, margins and returns
- Valuation ratios and side-by-side peer tables
- AI walkthroughs that explain what changed and why it might matter
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In development
In development
Product status: Quantzivo AI is in development. Features described here reflect the planned scope and may change before release.
Planned capabilities
The fundamental research toolkit
Financial statements
Annual and interim statements arranged in consistent tables you can read across periods.
Company performance
Key operating metrics charted over time so you can see direction, not just a single period.
Revenue trends
Year-over-year and multi-year growth, with notes on what can distort the comparison.
Profitability
Gross, operating and net margins plus returns on equity and assets, period by period.
Valuation ratios
Price-based and enterprise-value multiples with their history, so today's level has context.
Company comparisons
Put several companies in one table and compare growth, margins, leverage and valuation.
Industry research
See how a company sits within its sector, with median and range figures for the peer group.
AI statement walkthroughs
Ask the assistant to explain a line item or a change between periods, with the figures linked.
The three statements
Each statement answers a different question
Reading them together is what makes fundamental research reliable. A profit that does not show up as cash, or growth funded by rising debt, is easy to miss in a single table.
Income statement
Revenue, costs and profit over a period. It shows whether the business earned money and where the costs went.
- Revenue growth and its sources
- Gross, operating and net margins
- One-off items that flatter or hurt profit
Balance sheet
Assets, liabilities and equity at a point in time. It shows what the company owns, what it owes and how it is financed.
- Leverage and debt maturity
- Liquidity and working capital
- Book value and intangible assets
Cash flow statement
Cash moving in and out from operations, investment and financing. It shows whether reported profit turns into cash.
- Operating cash flow versus net income
- Capital expenditure and free cash flow
- Dividends, buybacks and borrowing
Ratio glossary
Common ratios and what to watch for
A ratio compresses two numbers into one. That makes comparison easy, and hides a lot. Definitions also vary between data sources, so check how a ratio was calculated before comparing.
| Ratio | How it is calculated | What it tells you | Watch out for |
|---|---|---|---|
| Price-to-earnings (P/E) | Share price ÷ earnings per share | How much the market pays for each unit of earnings | Meaningless with negative earnings; trailing and forward versions differ |
| Price-to-book (P/B) | Share price ÷ book value per share | Valuation relative to accounting net assets | Less useful for asset-light businesses with large intangibles |
| EV/EBITDA | Enterprise value ÷ earnings before interest, taxes, depreciation and amortization | Valuation that is less affected by how a company is financed | EBITDA ignores capital spending and working-capital needs |
| Gross margin | Gross profit ÷ revenue | How much is left after direct costs of producing goods or services | Companies classify costs differently, which limits comparison |
| Operating margin | Operating income ÷ revenue | Profitability of core operations before interest and tax | Restructuring charges and other one-offs can swing it |
| Net margin | Net income ÷ revenue | Share of revenue that ends up as profit for shareholders | Tax changes and non-operating gains distort trends |
| Return on equity (ROE) | Net income ÷ shareholders' equity | Profit generated on shareholders' capital | High debt can inflate ROE while increasing risk |
| Debt-to-equity | Total debt ÷ shareholders' equity | How much the company relies on borrowing | Whether leases and other obligations count as debt varies |
| Current ratio | Current assets ÷ current liabilities | Short-term ability to meet obligations | A period-end snapshot that can be managed around reporting dates |
| Free cash flow | Operating cash flow - capital expenditure | Cash available after maintaining and growing the asset base | Lumpy investment years can make a single period misleading |
Comparisons and industry research
Comparing companies fairly
Peer tables are only as good as the peers you choose and the periods you line up. The module is designed to surface these issues instead of hiding them.
Align the periods
Fiscal years end at different times. Compare like-for-like periods or note the mismatch.
Check the accounting
Different accounting standards and policies change reported figures for similar businesses.
Choose real peers
Companies in the same sector can have very different business models and margins.
Adjust for one-offs
Acquisitions, disposals and currency moves can make growth look better or worse than it is.
A research workflow
Four steps through a company's numbers
Read the statements
Start with several years of all three statements to see the shape of the business.
Trace the trends
Chart revenue, margins and cash conversion, and ask the assistant to explain any sharp changes.
Compare with peers
Place the company next to a sensible peer group and note where it differs and why.
Add the context
Check recent announcements and the macro backdrop that could explain the numbers.
News Intelligence
FAQs
All FAQsFundamental research questions
No. It shows valuation ratios, their history and how they compare with peers, and explains what they mean. Judging whether a price is attractive is your decision, and the platform does not make buy or sell recommendations.
The assistant is designed to summarize and explain financial statement data and point to the figures it used. Summaries can miss nuance or contain errors, so read the relevant sections yourself for anything important.
Ratios depend on definitions (for example, trailing versus forward earnings, or whether leases count as debt) and on the period used. The module is designed to show how each ratio was calculated so differences can be traced.
No. The assistant can explain line items and ratios in plain language, and Academy courses cover financial statements from the basics.
Fundamental research
Read the numbers behind the company
Request early access to the fundamental research module and tell us which comparisons matter most to you, or compare the planned AI plans.