Equity Research
Avise provides wide range of customized equity research and financial research outsourcing services to buy-side and sell-side firms globally, helping them expand their research coverage and deliver timely solution
Our team of highly qualified equity analysts supports client teams in developing investment rationale, report writing, model building, model maintenance, absolute and relative valuation, as well as data collection and analysis. Over the past three years, our analysts have built over 238 models across 5 sectors and helped in researching (initiation coverage or updates) over 312 stocks listed in major geographies stock markets.
By partnering with Avise:
- Buy-side firms benefits by unlocking their resources from complex as well as repetitive tasks and controlling their research costs. Our analysts support buy-side firms by providing data-heavy research tasks in areas relating to investment screening, modeling and portfolio tracking.
- Sell-side firms benefits from high quality, timely delivery and our unique on-demand equity research capabilities. This make possible for our clients to rapidly expand the coverage, reduce time spent on routine maintenance research and ensures better availability of their in-house analysts’ for client-facing and idea generation activities
LIST OF SERVICES:
COVERAGE INITIATION
Coverage identification is the first step in the research process. Initiating coverage reports are prepared on clients’ request once they have identified a set of companies pertaining to a specific sector.
Our detailed reports ideally include industry analysis, key investment rationale, management background, business, operating and financial performance, peer analysis, valuation, investment outlook and financial tables/exhibits. Our offerings include:
- Initiation coverage reports
- Initiation coverage modeling
- Investment rationale
- Financial analysis & valuations
COVERAGE MAINTENANCE
Clients prefer having an ongoing maintenance of their coverage universe to ensure continuous monitoring of risks. The models and reports of coverage companies are updated for earnings releases, corporate actions, and material news/event
This ensures that your universe of stocks is always up-to date. Regular maintenance also involves tracking news related to the industry and company daily as well as providing summary reports. Our offerings include:
- Earning release update reports
- Preparing earnings preview and review notes
- Event driven reports
- Quarterly model updates
- Earnings quality assessment
- Variance analysis (estimates vs guidance / street estimates / actuals)
EQUITY RESEARCH NOTES
Our clients’ benefits from leveraging our team’s equity research capabilities to support their investment teams with part or complete initiation and maintenance reports. The tearsheets are often used for screening a set of stocks before shortlisting a few feasible/investible ideas.
The notes are detailed including investment summary, key investment arguments, SWOT analysis, industry analysis, business, operating and financial performance, valuation, and financial tables/exhibits. Our deliverables include preparing:
- Company Profile
- Sector/Industry Overview
- Event Update
- Management Profile
- Public Comparable Company Analysis
- Meeting preparatory notes
- Share Price Analysis
Ad-hoc customized research.
MODELING SUPPORT
Our team is adept with complex forecasting modeling, in-depth valuations (Discounted cash flow, sum-of-the-parts, and relative valuation), sensitivity analyses, equity database and analytics.
Our approach include populating historical financial data, developing highly structured and automated forecast models so that clients can further modify them at their end, conducting both simple and complex valuations, incorporating sensitivity analyses, and creating firm-specific standardized templates and databases.
The service especially saves substantial time and effort in updating financial models during earnings seasons and following corporate actions. The deliverables typically include:
- Financial Models & Forecasting
- Valuation Models based on DCF, SOTP & Relative Valuation
- Peer Comparables Analysis
SPECIAL SITUATIONS & EVENTS
Depending upon each client’s request and requirements, our analysts can prepare brief company profiles, other special reports and updates on all events, announcements, and activities that have a material effect on the covered sectors and the underlying companies. The list includ
- Short Company Profiles & Analysis
- Tear Sheets
- IPO summaries
- Periodic sector updates
- Sector templates
- SWOT, Value Chain Analysis, Stock & Shareholding Analysis
- Industry Benchmarking
- Database Development from SEDAR/EDGAR filings, Annual/Quarterly Reports
- Other Ad hoc Research Query Support
