QVI Research Report Format Guide (Updated)
Quality Value Investing: Generating verfiable alpha since 2008 by investing in a company's current wealth and its stock price's present value
Quality Value Investing (QVI) provides primary ticker, bottom-up buy-side research in an easy-to-read, understandable report format.
The metrics emphasize the company's current wealth and the share price's present value, focusing on facts rather than unreliable predictive analysis and excessive business modeling.
Use this report format and Glossary of Investing Terms and Metric Targets as guides when reading QVI's primary ticker research reports, multi-ticker industry comps, and stock picks by sector reviews.
Contributing Editor's Note: For brevity, this updated format template for Quality Value Investing's primary ticker research reports, including sector reviews, serves as a guide rather than repeating each section.
Learn more about the newsletter service that has generated verifiable stock market alpha since 2008 by investing in a company’s current wealth and the present value of its stock price.
The 64 current and former components in the QVI Stock Picks have generated alpha since 2008 by focusing solely on a company's current wealth and the present value of its shares. In other words, just the facts without unreliable predictive analysis or business modeling overkill, typical of the buy-side and sell-side Wall Street analysts.
Company Current Wealth
To uncover the company's current wealth, QVI defines the value proposition, measures returns on management, and assesses enterprise downside risks.
Value Proposition
QVI Research Report's value proposition section provides a brief overview of the company's business model, including its major exchange listing, stock symbol, market capitalization, and dividend-paying status. In addition, it defines the competitive advantages of a company's products or services relative to the industry, including its economic moat.
Alpha-rich investors target companies with clear competitive advantages from their products or services. An investor can streamline an enterprise's value proposition by assigning an economic moat of wide, narrow, or none.
QVI's value proposition rating is bullish, neutral, or bearish.
Returns on Management
QVI Research Report's returns-on-management or fundamentals section measures the performance strength of the company's senior executives by analyzing revenue growth, profit margins, returns on equity and invested capital, and owners’ earnings.
QVI fundamentals rating is bullish, neutral, or bearish.
Enterprise Downside Risks
QVI Research Report's enterprise downside risks section identifies and rates the target company's safety margins within its business model by assessing overall debt leverage, including coverage of both long- and short-term debt.
QVI's enterprise downside risk rating is low, below average, average, above average, or high.
Quality Value Investing is a reader-supported publication. Consider becoming a free or paid subscriber to receive future posts and to benefit from David’s investment education and research. Premium subscriptions include exclusive access to the QVI Stock Picks Real-Time Performance Tracker (including a 7-day free trial).
Stock Price Present Value
To determine a share price's present value, QVI weighs select valuation multiples, quantifies the equity bond rate, and assesses the stock's downside risks.
Valuation Multiples
QVI Research Report's valuation section utilizes four multiples to estimate the intrinsic value of a targeted quality enterprise's stock price, weighing market sentiment against the company's financial metrics, including sales, earnings, cash flow, and enterprise value.
The valuation section also uncovers the equity bond rate of the company’s common shares. It aims to quantify the yields on earnings, free cash flow, and dividends to measure how the targeted stock compares to the prevailing yield on the US Ten-Year Treasury benchmark note.
QVI valuation rating is bullish, neutral, or bearish.
Share Price Downside Risks
The Research report's share price downside risks section identifies and rates the target stock's safety margins by assessing its volatility or beta, short interest as a percentage of the float, and historical performance relative to the market benchmark.
QVI's share price downside risk rating is low, below average, average, above average, or high.
Investment Thesis
The curated investment thesis section of the QVI Research Report summarizes why Quality Value Investing rates the covered company and its representative shares as buy, hold, or sell based on the initial or updated research and analysis.
The thesis includes a recap of the company's current wealth and present value. Also provided are third-party catalysts and ratings that confirm or contradict QVI's overall investment thesis.
In the spirit of lower costs and reduced risk, Quality Value Investing believes an investment newsletter should cost no more than a subscription to a streaming channel.
About the Analyst
David J. Waldron is the contributing editor of the Quality Value Investing newsletter and the author of his upcoming fifth book, Quality Value Investing: Uncover Winning Stocks of Enduring Companies. David’s mission is to inspire readers to achieve their savings and investment goals. He previously served as an expert advisor to hedge funds, mutual funds, private equity firms, and investment banks.
In addition to Substack Finance, his work has appeared on Seeking Alpha, TalkMarkets, MSN Money, Yahoo Finance, QAV (Australia’s #1 Value Investing Podcast), Money Life with Chuck Jaffe, The Acquirer’s Multiple, Capital Employed, Amazon, Barnes & Noble, Apple Books, the BookLife Prize, and Publishers’ Weekly.
He earned a Bachelor of Science in business studies as a Garden State Scholar at Stockton University and has since completed Brown University’s The Practice of Management Program.
Preview, read, or listen to the draft manuscript of Quality Value Investing (the book) on David’s author website hosted by Substack.
Copyright 2022-26 by David J. Waldron. All rights reserved worldwide.