ShareAnalysis data source – S&P Capital IQ

The financial data in ShareAnalysis is sourced from top-tier international data providers.

Automated calculations are run daily by ShareAnalysis’s automated engine. The calculations are completely objective. There is no human intervention excluding that of data integrity operations and accuracy testing which ensure the ongoing delivery of top tier information.

ShareAnalysis does not take into account personal opinion when valuing or rating companies.

ShareAnalysis is sourcing data from S&P Capital IQ.

Who or what is S&P Capital IQ?

The S&P Capital IQ platform combines deep and broad global financial intelligence with an array of tools for analysis, ideation, and efficiency. 

Disclaimer:

ShareAnalysis accepts no responsibility for any errors or inaccuracies in the data contained within ShareAnalysis, however we will endeavour to resolve any errors or inaccuracies in a timely manner.

S&P Capital IQ Data

ShareAnalysis will incorporate information from S&P Capital IQ. In respect of that information please note the following notices and disclaimers from S&P Capital IQ:

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Historical fundamental data

Historical fundamental data is added to ShareAnalysis up to four times a year, when company’s release interim and annual results. ShareAnalysis Scores are derived from historical fundamental data.

In Australia, most companies release their interim results in February and full year results in August.

Here’s how company results flow through ShareAnalysis during reporting seasons.

Step 1. Company releases results

Step 1. Company releases results

In Australia, companies are required to lodge their accounts twice a year. Full year financials are known as Appendix 4E and half year or interim results as Appendix 4D. Results announcements are generally classified as price sensitive.

They’re available at asx.com.au (or the equivalent exchange) and can usually be found in the Corporate/Investor section of the company’s website. Within ShareAnalysis, you can access announcements on the News tab of Fast Facts or at the bottom of the company’s Summary Evaluate screen.

Step 2. Share Analysis's data provider, S&P CIQ, inputs the results

Step 2. ShareAnalysis’s data provider, S&P CIQ

Upon receiving the results, analysts input the latest financials into a database. CIQ aims to input new data on the day its released to the ASX, however on particularly busy days companies with the largest market capitalisations will be prioritised over smaller cap companies.

CIQ database releases the latest figures to ShareAnalysis’s automated engine. 

Step 3. ShareAnalysis updates, every day

Step 3. ShareAnalysis updates, every day

At around 5am each morning, Sydney time, ShareAnalysis’s automated engine pulls in the latest data for every company.

120 pieces of financial information for every listed business are automatically run through over 730 automated (many of them patent-pending) calculations, every day, and published to ShareAnalysis. ShareAnalysis’s Scores, intrinsic value estimates and company evaluations are completely objective. There is no human intervention.

Forecast data

ShareAnalysis sources up to three years of forecast data for thousands of global and domestic stocks. Forecast data includes earnings per share, dividends per share, profit and equity figures. Theoretically, forecast data can change daily. In reality, forecasts typically change when companies release new information to the market.

Following the release of a company’s interim or full year results, which generally includes management’s outlook and guidance for the next 12 months, industry analysts covering a stock will update their forecasts estimates of earnings, dividends and profit figures. This usually occurs in the two or three weeks following the interim or full year results announcement. Here’s how new forecast data flows through ShareAnalysis:

1. Company releases earnings guidance, a half yearly report, annual report or other price-sensitive information.

2. Analysts covering the stock receive the information. They will spend time digesting the announcement. They may ring the company or arrange a meeting with its CEO and CFO to gain further insights. After undertaking further research, the analyst may update their financial model. The time between which an analyst receives information to the time they submit their revised estimates to ShareAnalysis’s data provider may be as long as five business days. Maybe they’re still on holidays!

3. The analysts’ revised estimates are submitted to ShareAnalysis’s data provider, CIQ.

4. CIQ reviews the research and figures to ensure the data is comparable to the consensus and then releases the updated data to ShareAnalysis’s automated database.

5. Every day ShareAnalysis’s automated engine pulls in a data file that contains the latest financial information, runs the necessary calculations and publishes the results to ShareAnalysis’s patent-pending interface. The Investar Research team then ensures data integrity and accurate analysis through a series of screens and observations, maintaining the quality of outputs.

If, for example, 10 analysts contribute forecasts for a company, it can take a week or so for every analyst to update their forecasts. As each analyst updates his or her EPS estimates), ShareAnalysis’s forecast intrinsic values and ‘Forecast Change in IV’ will also update. Changes to intrinsic values are tracked on a company’s Forecast Updates chart.

ShareAnalysis’s Earnings Evaluate screen displays the number of analysts covering a stock, and the minimum and maximum earnings per share estimates. Bullish and Bearish intrinsic valuations are also available on a company’s Value vs Price chart.