Historical data for Financial Modelling
Financial Modelling has become really simple these days due to the transparency that the companies have nowadays. You can have access to the same information as some big mutual funds or hedge funds have.
Let’s take LinkedIn for financial modelling. You must be wondering about its financial history and balance sheets to predict the company’s likely future. So, I am going to tell you the top 3 sources from which you can easily analyse the company’s profit or it’s likely growth for absolutely free.
1. LinkedIn Investor Relations (https://www.linkedin.com/company/investor-relations/about/) :
Ø Investor Relations helps investors understand the company.
Ø Investor Relations is responsible for submitting press releases and financials to SEC govt.
Ø Investor Relations set up and leads quarterly earnings calls.
Ø They have to release the information 4 times a year.
Ø The Quarterly Earnings Call is an amazing resource for many analysts on both the buy-side and the sell-side because what happens is by the law, the company is reporting earnings and companies report four times in a year. They even have to disclose all the material risks.
Ø These calls are saved for about 90 days. So, you can listen to them again and again.
Ø The CEO generally talks about qualitative stuff while the CFO is seen talking about quantitative stuff.
2. SEC Gov. (https://www.sec.gov/)
Ø Another great source for financial data and growth
Ø The Commission’s mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation, the Division of Corporation Finance seeks to ensure that investors are provided with material information to make informed investment decisions, both when a company initially offers its securities to the public and on an ongoing basis as it continues to give information to the marketplace.
Ø There are certain terminologies that we have to understand.
Ø 10-Q: These are the quarterly reports of a company
Ø 10-K: These are the annual report of a company
Ø 8-K: These are the important press releases
Ø S-1: IPO prospectus (When a Company goes public)
Ø 3, 4, 5 & 13 — D = It discloses information about the shareowners.
3. Yahoo Finance (https://in.finance.yahoo.com/)
Ø Unlike Bloomberg, Yahoo Finance is absolutely free. It’s a great option for searching financials of a company.
Ø All data provided on Yahoo Finance is provided for informational purposes only and is not intended for trading or investing purposes.
Ø Yahoo Finance is a great site for obtaining a variety of fundamental data about a company you are looking into. For this reason, it is a great site.
Ø This is your central hub for monitoring portfolio performance, investment ideas, third party research, fair value analysis, and more.
Ø Relevant content and recommendations are presented based on your portfolio, watchlist, and your recent visits to Yahoo Finance.
So, these were the top 3 recommendations to get the financial information about a company.
