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Takes less than 30 seconds to startLast updated: April 2026 · Basis Report Editorial
An equity research report is a detailed analysis of a publicly traded company's financial health, valuation, and investment potential. It typically includes a discounted cash flow (DCF) valuation, earnings quality assessment, competitive moat analysis, and a BUY, HOLD, or SELL recommendation. Institutional investors pay $10,000–$50,000 per year for access to these reports from firms like Goldman Sachs and Morgan Stanley. Basis Report generates them for free in under 5 minutes using structured data from SEC EDGAR filings and live market data.
Enter any stock ticker or company name and Basis Report pulls 5 years of financial data from Yahoo Finance, builds a three-scenario DCF model, scores earnings quality across four dimensions, and evaluates the competitive moat — then delivers a full 9-section research report. The entire process takes less than 5 minutes with no credit card required. Every report includes a fact-check gate that blocks publication of any claim that can't be verified against the source financial data.
Sell-side research — the analyst reports published by investment banks — has a well-documented conflict of interest. Banks that underwrite a company's IPO rarely downgrade the stock, because a Sell rating poisons the banking relationship worth tens of millions in fees. In 2023, fewer than 6% of analyst ratings on S&P 500 stocks were Sell or equivalent. Independent research platforms like Basis Report have no banking business and no incentive to shade the truth.
“The value of independent equity research lies not in its conclusions, but in its freedom from the conflicts that shape sell-side output.”— Aswath Damodaran, Professor of Finance, NYU Stern School of Business
A Basis Report contains nine structured sections, each designed to answer a specific investment question. The Executive Summary gives the rating and thesis in three sentences. The DCF Valuation builds a discounted cash flow model with base, bull, and bear scenarios and names every assumption. The Earnings Quality Score checks whether the reported numbers are real — comparing operating cash flow against net income, flagging aggressive revenue recognition, and measuring accrual ratios.
The Competitive Moat Analysis identifies the structural advantage (if any) that lets the business earn above-average returns. The Capital Allocation Review grades management on how they deploy cash — buybacks, dividends, M&A, and reinvestment. The Risk Framework names the three to five specific scenarios that would break the thesis, with probability estimates. The final sections cover Financial Trends (5 years of revenue, margins, and returns), Peer Comparison (multiples against the closest competitors), and a Red Flag Scan that checks 15 accounting patterns that typically precede earnings restatements or guidance cuts.
“Individual investors now have access to the same data and analytical frameworks that were once exclusive to institutional desks. The democratization of financial data is the single biggest shift in equity markets since the abolition of fixed commissions.”— Burton Malkiel, Author of A Random Walk Down Wall Street, Princeton University
The same depth of analysis that hedge funds and asset managers pay thousands for. Nine comprehensive sections covering every dimension of the investment case.
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