Stock analysis

Screen the market, then value the name properly

A screener that filters on figures read from filings, and a valuation workbench that opens with those same figures already in it. The gap between having a shortlist and having a view is where most tools stop.

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What is a stock analysis platform?

A stock analysis platform helps you narrow a universe of companies to a shortlist, then examine the ones that survive. The narrowing is a screen on financial characteristics. The examining is valuation: building a view of what a business is worth and comparing it with what the market is charging. A platform that does only the first leaves you with a list and no way to act on it.

What it does

The specifics

01

Screening on filed data

Filter on growth, margin, leverage, returns and valuation, computed from the same filed fundamentals the company pages use. Search any filer, not only the pre-built universe.

02

Discounted cash flow

A full DCF that loads with revenue, margin, capital intensity and net debt already populated, with a sensitivity grid and the share of value sitting in the terminal period stated openly.

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03

Comparable companies

A curated peer set with the multiples that are actually computable for each peer, and a count beside every median, because a median of two is not a median.

04

Monte Carlo simulation

The same DCF run across a distribution of assumptions. Infeasible draws are discarded and counted rather than clamped to a boundary, which is the difference between a distribution and a censored one.

05

Discount rate with real inputs

Cost of equity from a live risk-free rate and a measured, adjusted beta, weighted against an after-tax cost of debt, with the basis for the number written out.

06

Stress testing

What a defined scenario does to a position or a book, using betas joined on trading session rather than on array position.

In sequence

How the work actually goes

  1. 01

    Narrow the universe

    Screen on the characteristics you actually care about. Every column is computed from filings, so a filter means what it says.

  2. 02

    Open the drawer, not a new tab

    A screener row expands into the company without losing the screen, so comparing four names does not mean four navigations.

  3. 03

    Value it

    The DCF opens populated. You spend your time on the assumptions rather than on data entry, which is the only part where judgement is involved.

  4. 04

    Argue with yourself

    Run the bear case explicitly rather than hoping you thought of it, and see the sensitivity before you commit to a number.

Straight answer

A model output is not a price target

A single-scenario discounted cash flow at conventional assumptions will tell you that most quality businesses are overvalued, because most of the value sits in a terminal assumption you chose in a minute. That is a fact about the method, not about the companies. The absolute number is worth much less than the ranking across names valued identically, and the tool says so where it matters rather than presenting a figure with false confidence.

FAQ

Frequently asked questions

Can I screen stocks on Khan Terminal?

Yes. The screener filters on growth, margin, leverage, returns, valuation and modelled upside, all computed from filed fundamentals. You can also search any SEC filer directly rather than being limited to the pre-built universe.

Does it build a DCF for me?

It loads one with the filed figures already in it: revenue, margins, capital intensity, share count and net debt. The assumptions are yours to set. What it will not do is hand you a fair value and imply the number is a fact.

What happens when a company has not reported something the model needs?

It abstains and tells you. Net debt is the common case: if either the debt or the cash side is missing, the figure is withheld rather than treated as zero, and any surface that would value the company automatically declines to. A confident number built on a missing input is the worst output a valuation tool can produce.

Is this suitable for beginners?

The screening and company pages are, immediately. The valuation workbench assumes you know what a discount rate is, and the glossary covers the vocabulary if you do not yet. It is a tool for doing the work rather than a tool that does the work for you.

Run a screen, then value what survives

Both are on the free plan. Bring a thesis and see whether the numbers support it.