If you’re pulling public-company financial data from free online tools into your own Excel spreadsheets for ratio and other analyses, you may want to check out TagniFi. It’s designed as a cost-effective alternative to expensive tools that automate the process of developing comps for the guideline public company method (GPCM). At the AICPA FVS conference in Las Vegas, we ran into Chad Sandstedt, CFA, who is its director of customer development. He showed us some of the recent improvements to the tool, including enhanced search capabilities. The newest additions, however, are analyst estimates for more than 4,000 companies with tags that include revenue, EBITDA, and EPS. It also added analyst recommendations that include items such as the number or buy, overweight, hold, underweight, and sell recommendations along with the average recommendation and score. Cost: $299 per month.
Extra: Some of our readers are already using TagniFi, according to our latest survey of BV firms and practitioners. The most cited sources for GPCM comps are EDGAR and Yahoo! Finance.
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