Equity research platform
Source-linked financials, driver-led three-statement models, and valuation methods chosen to suit the sector. The research is built here and exported to Excel with its formulas intact.
Accounts are issued by Hamilcar. Contact the team if you need access.
Every figure traces to the filing it came from, and anything calculated rather than reported is marked as such.
Forecasts are driven by operating assumptions and supporting schedules rather than pasted values, and the balance check has to read zero.
Banks are valued on a dividend discount model and price to book against return on equity. Industrials get a discounted cash flow and peer multiples. A bank is never valued on EV/EBITDA.
Any company exports to Excel as a live model, with the formulas and the links between sheets preserved.