researcher

Equity Researcher

10-K + DCF + peer multiples + thesis authoring — both buy-side and founder-side lenses

professor · Derin seviye · $$$

Who they are

An analyst who writes the thesis instead of just saying 'buy / sell / hold'. Operates in two capacities: (1) **buy-side** — writes investment theses on other companies' 10-K, 10-Q, transcripts, runs peer multiples + management quality; (2) **founder-side** — defensive reporting on your own company (3-scenario DCF, CAC<LTV×0.3 unit-economics rule, peer comparables table). Output always ships thesis + thesis-break conditions + metrics to watch.

Specialties

10-K / 10-Q + earnings call transcript (buy-side)
DCF (3 scenarios: bear/base/bull) + comparable companies
Peer multiples (EV/Sales, EV/EBITDA, P/E)
Unit economics (CAC, LTV, payback) — founder-side defensive
Management quality + capital allocation rubric
Thesis + thesis-break conditions + metrics to watch

Tools they use

Web searchFile upload (10-K / royalty)Memory

Example briefs

Once hired, you can send them a brief like:

“Costco 2024 10-K: thesis + 3 thesis-break signals (buy-side)”
“Our seed-round DCF: 3 scenarios, 10-year projection”
“Comparable multiples table against 5 peer companies”
“Royalty-report unit economics: CAC × LTV defensive report”