A disciplined, repeatable analysis pipeline.
A full company valuation follows the same rigorous steps — fundamentals first, a structured workflow rather than ad-hoc prompting or chart-reading. Here is what happens between your question and the sourced report.
The five stages
These five stages are the full company-valuation pipeline. Stock screening first lists the instruments that meet documented criteria in market-cap order, then analyses each one up to the analysis budget. Commodity & Bitcoin analysis runs this same disciplined pipeline (macro / supply-demand / challenge / synthesis). Revisit thesis runs the complete current pipeline independently for the selected report type, then compares with that report only afterward.
- 01
Ask
Start with a plain-language question or workflow input, or select an eligible saved report to revisit. No query syntax or prompt is required for a saved-report revisit.
Evidence gathered
Your plain-language question, workflow input, or eligible saved report.
Decision made
Choose the workflow and define the research scope.
Output produced
A structured brief for the relevant analysis path.
- 02
Parallel specialist analysis
The relevant specialist lenses build the current analysis independently from the available evidence. A selected prior report or optional market premise does not set the conclusion.
Evidence gathered
Current company, sector, macro, market, and valuation evidence relevant to the request.
Decision made
Each specialist forms findings independently from the available evidence.
Output produced
Parallel findings with assumptions and source context exposed.
- 03
Adversarial challenge
A dedicated stage argues the other side — disconfirming evidence, historical analogues, hidden assumptions and second-order effects — and flags gaps by severity. A critical gap pauses the run for your decision.
Evidence gathered
The completed analysis plus disconfirming evidence, historical analogues, hidden assumptions, and second-order effects.
Decision made
Classify each gap by severity; a critical gap returns the decision to the user.
Output produced
A challenged thesis with gaps visible, or a Refocus, Proceed, or Stop branch.
- RefocusAsk for a tighter run that closes the gap.
- ProceedKeep the caveat visible in the final report.
- StopDo not turn a broken thesis into a confident answer.
- 04
Board synthesis
Independent frontier models review the completed analysis and reconcile it into a single second-opinion view — depth without a single black box.
Evidence gathered
The completed analysis and its adversarial challenge.
Decision made
Independent perspectives reconcile the evidence into one second-opinion view.
Output produced
A unified synthesis without a single-model last word.
- 05
Sourced report + PDF
A long-form, cited write-up is streamed live and exportable as a PDF. An eligible new valuation or commodity run may append a labeled Scenario Assessment after its independent conclusion; a saved-report revisit instead leads with an after-the-fact comparison and retains the complete current analysis.
Evidence gathered
The sourced findings, valuation assumptions, challenge record, and synthesis.
Decision made
Resolve the final thesis, valuation state, and 3-year/5-year Forward Projected Values, labeled as facts, model estimates or model opinions.
Output produced
A cited report streamed live and exportable as a PDF.
Workflow map
Company Valuation
When you already have a company in mind and want a full, sourced view of its value.
Stock Screening
When you want to see which instruments meet documented screening criteria before you choose what to study.
Commodity & Bitcoin Analysis
When you want a fundamentals-first read on a commodity or Bitcoin — metals, energy, agriculture or the digital asset — rather than a single equity.
Revisit thesis
Revisiting an eligible saved Company Valuation, Commodity & Bitcoin Analysis, or prior Revisit thesis report against a current full analysis.
Two ways to work with a thesis
Specialist sector coverage
The company and sector lenses are handled by specialists tuned to how each sector actually trades — banks aren’t valued like software, and defense isn’t read like retail. The breadth spans:
The adversarial challenge
Before you read a word, a dedicated stage tries to break the thesis. It searches for disconfirming evidence, checks the case against historical analogues, audits the hidden assumptions, and traces the second-order effects — then classifies every gap it finds by severity.
Disconfirming evidence
Looks for facts that weaken the thesis instead of only supporting it.
Historical analogues
Checks whether similar setups ended differently than the headline story suggests.
Hidden assumptions
Calls out the growth, margin, rate, cycle or execution assumptions the case depends on.
Second-order effects
Tracks what can happen after the obvious first move — competitors, regulation, capital costs and customer behavior.
Board synthesis
Independent frontier models each review the completed analysis and reconcile it into a single second-opinion view. No model is named and none has the last word — the value is the cross-check between independent perspectives, not any one brand.
Valuation methods
Intrinsic value is built with the method that actually fits the business, not a single template forced onto every name:
Every equity valuation resolves to a modeled intrinsic-value range, a valuation state, a margin of safety (model) and 3-year and 5-year Forward Projected Values — model scenario values in USD, with an EUR conversion where it is relevant.