A New Paradigm For Fundamental Data
For 5,000+ U.S. stocks and bonds, 700+ ETFs and 7,000+ mutual funds with history back to 1998.
Core Earnings & Earnings Distortion Data
Address the flaws in traditional data with a cleaner, better measure of earnings.
- Problem: Legacy data providers miss material unusual gains/losses.
- Solution: Cutting-edge technology collects data - better, faster, cheaper.
- Idiosyncratic alpha: Our proprietary Earnings Distortion data provides a new source of alpha.
Better data provides a cleaner view of earnings
Legacy data providers, such as S&P Global (SPGI) & Refinitiv, lack the technology to avoid errors, omissions & biases that render their data & research based on it unreliable. Our Core Earnings are a superior alternative.
Core Earnings vs. SPGI’s Operating Earnings: 3/31/05 – 11/17/20
Sources: New Constructs, LLC, company filings, and S&P Global.
Note: the most recent periods’ data for SPGI’s Operating Earnings is based on consensus.
Our Core Earnings analysis is based on aggregated TTM data for the S&P 500 constituents in each measurement period.
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from traditional metrics to deep dives into our adjustments data.
Net Income to NOPAT Reconciliation
The adjustments data to convert Reported Net Income to NOPAT.
Traditional Value Screens - with better data
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Price-to-Earnings
Price-to-Book
ROE
Return on Assets
...and more
Enhanced Value Screens
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Earnings
Book Value
ROE, ROA, RNOA
Cash Flow from Ops
Economic Earnings
Invested Capital
ROIC
NOPAT
Investment Ratings
Overall and Component Risk/Reward Investment Ratings on stocks, ETFs and mutual funds. Ratings are updated daily.
Revenue to Adjusted EBITDA Reconciliation
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Total Assets to Adjusted Book Value (Invested Capital) Reconciliation
Get the adjustments data we use to convert reported total assets to invested capital.
Accounting Book Value to Adjusted Book Value (Invested Capital) Reconciliation
Get the adjustments data we use to convert accounting book value to invested capital.
Market Value to Enterprise Value Reconciliation
Get the adjustments data we use to convert equity market value to enterprise value.
ROIC – Variations
We empower clients to calculate ROIC however they wish - with the best possible data.
Economic Book Value Details
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