Best Sources for Company Data 📊

Investing ideas: https://www.overlookedalpha.com<br /><br />Some of you have asked where I get the data for my financial analysis. <br /><br />So here’s a quick run through of my process. <br /><br />It’s a good idea to get data from the source. So when I analyze a company I usually type the company name into google followed by Investor Relations.<br /><br />That takes you to the company’s investor relations page which holds all the press releases, quarterly and annual reports. <br /><br />Next I’ll look at the latest press release. This usually provides the important highlights, guidance and numbers.<br /><br />If I need more information, I’ll move on to the financial statements themselves. These are the same ones that get sent to the SEC.<br /><br />The first thing I do is to find the total number of shares issued and outstanding. It’s often at the beginning of the PDF or on the balance sheet. I multiply this figure by the current share price to get the market cap of the company. <br /><br />Next, I look at the balance sheet to work out the enterprise value. I take the market cap I already calculated then subtract cash and short-term investments from the balance sheet and then add on long-term debt to get the enterprise value. <br /><br />It can be more complicated than this, but generally, this is the amount you would have to pay if you wanted to buy the business outright. <br /><br />Once I know the enterprise value I’ll look at the income statement to get revenue over the last 12 months. Often, companies will only report the last 9 months, so in that case I’ll take the 9-month figure and then I’ll go back and look at the revenue from four quarters ago, in a separate filing, add it on and that will give us the total for the whole 12 months. <br /><br />I’ll do the exact same thing for net income, earnings per share, EBITDA and Free Cash Flow. <br /><br />Companies report different numbers so you may not always be able to see free cash flow or EBITDA, in which case you can work it out for yourself if necessary. <br /><br />But usually, the numbers the company provides are enough to do your analysis. And its also good to record the company’s guidance. <br /><br />So once I have those numbers I then compare them to the enterprise value to work out the price to sales or price to earnings multiple. <br /><br />#stocks #investing #companyanalysis #fundamentalanalysis #overlookedalpha