How to read a Fundamentals report

What it measures. The business behind the ticker: revenue and earnings growth, margins and their trend, cash generation, balance-sheet strength, and how today's price compares with the company's own history and with a discounted-cash-flow (DCF) estimate. Every score component is computed from reported figures; the text explains the figures, it does not set them.

How to read it. The headline states the composite and its confidence. Confidence drops when a statement is missing, a metric is stale, or the DCF inputs are weak — read the data gaps line before anything else. Valuation sections compare a ratio with the company's 5-year median and, where available, with peers; "P/E 37 vs median 28" is a fact, not a verdict.

What it does not say. It does not say whether the shares are cheap or expensive, and the DCF is a scenario built on stated assumptions (growth, discount rate), not a target. Two reasonable analysts would get different DCFs; the report shows its inputs so you can judge them.

How to use it. Read it once when a name enters your watchlist and again after each earnings season. Use what changed to see which line moved. When the fundamentals look solid but the Technical report shows a downtrend, the Catalysts report usually explains what the market is waiting for.