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In this presentation Dominik Dumaine, CEO of FinViews covers an introduction to XBRL and how tools based on this standard can improve efficiency for anyone that is involved in financial/ investment analysis.
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The Potential of XBRLThe next generation of financial analysis tools
Agenda
Current situation
What is XBRL
Use cases
Integration with 3rd party
How we do it?
Why should you care?
Conclusion
What is XBRL?eXtensible Business Reporting Language
Freely available, open and global standard for exchanging business information
XML based, which was designed to carry data, not to display them
Regulators begin to require companies to use it, used in more than 25 countries including:◦ US: SEC
◦ Europe: Netherlands, UK, Spain, Germany
◦ APAC: China, Singapore
As data is regulatory requirement, will ensure:◦ Quality of financial data
◦ Consistency of financial data
◦ Transparency
◦ Speed of availability
11/09/2013 PRIVATE & CONFIDENTIAL 3
XBRL: an example
11/09/2013 PRIVATE & CONFIDENTIAL 4
State of Financial Intelligence…
•Free
•Static
•Siloed
State of Financial Intelligence…
•Prohibitively Expensive
•Limited Intelligence & Interactivity
Current situation for investorsoData Input: Time-consuming
Error-prone
Time critical
oData quality
oData accuracy
FinViews Uses XBRL To Change That…
8
Real-time
• Automatic update of financial models (as soon as filed with SEC)
• Data as published by filers or normalized for comparisons
Interactive
• Play with the data:
• Build Forecasts
• Test your assumptions
• Create different scenarios
• Build/Monitor Investment Portfolio
• Easy integration with 3rd
party sources of information
• Discuss/Share your analysis
Insightful
• Link to source document
• Ratios, Multiples, KPIs
calculated on the fly
• Screen entire
markets/industries
• Monitoring and analysis
of major institutional
shareholders
How we do it?
Using XBRL
Source: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000320193
Published ReportsUse for single company modelling:◦ Equity/Credit
analysts buy or sell-side
◦ Investment Banking type: M&A/LBO models
Example:◦ Abbott Laboratories
◦ Income Statement FY12 displayed
◦ Link to source: 10-K 2012
Normalised DataUse cases:◦ Market/Industry
comparisons
◦ Valuation multiples (P/E, EV/EBITDA etc..)
◦ Credit ratios
◦ Operating metrics across the board
Example displayed:◦ Abbott Laboratories
◦ 2012: all quarters and FY
Integration with 3rd Party Data
Integration with:◦ Stock prices
◦ Fund Holdings
Integration with other sources of information like news
Using Microsoft Power BI
Why Should You Care?
Source: http://www.sbr.gov.au/
Conclusions
o No more manual data entering
o Interactive dashboards
o Financial ratios, models calculated on the fly
o Integration with BI tools of your choice
www.finviews.com
Like and Follow us on Facebook
Mail us at:
Dominik@finviews.com
Martin@finviews.com
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