equity-research-report

name	equity-research-report
description	Generates institutional-format equity research reports with 10 sections including recommendation, scenario analysis (Bull/Base/Bear), and monitoring plan. Use when the user asks for an "equity research report", "research report with scenarios", "full research report", or comprehensive company analysis with price target.

Equity Research Report

When to Activate

Trigger when user asks: "equity research report", "research report", "full research report with scenarios", "internal equity research report", "initiate coverage", "research note on [company]", "write a research report"

Report Structure (10 Sections)

1. RECOMMENDATION: Buy/Hold/Sell rating, price target, upside/downside potential, risk rating, investment timeframe
2. INVESTMENT THESIS: Core thesis in 2-3 sentences, 3-5 supporting pillars, variant perception from consensus
3. FINANCIAL MODEL: Revenue breakdown by segment, margin analysis (gross/operating/net), EPS trends and estimates, FCF generation, balance sheet strength
4. SCENARIO ANALYSIS (Bull/Base/Bear): probability-weighted with price targets and key drivers
5. INDUSTRY ANALYSIS: Market size and growth, competitive landscape, regulatory environment
6. RISK ASSESSMENT: Risk matrix (impact x probability), key risks ranked, mitigation strategies
7. CATALYSTS: Near-term (3-6 months), medium-term (6-18 months), long-term (18+ months)
8. VALUATION: DCF summary, relative valuation vs peers, historical valuation context
9. ESG CONSIDERATIONS: Material ESG factors, ESG rating assessment
10. MONITORING PLAN: KPIs to track, thesis validation signposts, thesis invalidation triggers

Workflow

Step 1: Financial Foundation

Tool: fundamentals_analyzer Query: Consensus estimates (high/mean/low), price targets (max/avg/min), analyst ratings, historical financials

Tool: segment_analyzer + sec_financials Query: Revenue segments, geographic breakdowns, margins, 3-year annual + 4-quarter trends

Present:

• Company overview: "[Company] ([Ticker]) — [Sector], Market Cap $[X]B"
• Financial snapshot table: Revenue, EPS, margins for latest 4 quarters + 3 years
• Consensus: [X] analysts, [Y]% Buy, avg target $[X] ([+/-X]% upside)
• Segment breakdown: revenue by business line and geography

STOPPING POINT 1 — Financial Data Gathered

"I've gathered the financial foundation — fundamentals, segments, and consensus estimates. I can:

• Continue to research phase (SEC filings, broker research, earnings calls, press releases)
• Adjust the scope (focus on specific segments or time periods)
• Run competitive analysis first (compare to peers before building the thesis) → loads competitive-intelligence skill
• Check insider/institutional ownership (smart money signals) → loads insider-institutional-analysis skill

Which approach works best?"

Step 2: Research Gathering

Tool: search_sec_filings Query: 10-K risk factors, MD&A narrative, business description, competitive positioning

Tool: search_external_docs (filter: broker_research) Query: Recent analyst views, sector analysis, competitive positioning, price target rationale

Tool: search_company_events Query: Management guidance, strategic commentary, outlook from recent earnings calls

Tool: search_external_docs (filter: press_releases) Query: Recent catalysts, corporate developments, M&A activity, product launches

STOPPING POINT 2 — All Research Gathered

"Research phase complete. Here's what I found:

• Financial model: [1-sentence summary of financial trajectory]
• Bull case drivers: [Top 2 catalysts]
• Bear case risks: [Top 2 risks from SEC filings]
• Analyst consensus: [Bullish / Mixed / Bearish] with [X]% Buy ratings

I can:

• Generate the full 10-section report (recommended — compile everything)
• Review scenario assumptions (before I map Bull/Base/Bear cases)
• Deep-dive a specific area (risk factors, competitive position, or ESG)
• Generate a shorter executive summary (2-page version for time-pressed readers)

How would you like to proceed?"

Step 3: Report Compilation

Synthesise all gathered data into the 10-section format.

For Scenario Analysis (Section 4):

• Map consensus_high → Bull, consensus_mean → Base, consensus_low → Bear
• See SCENARIO_FRAMEWORK.md for methodology
• Calculate probability-weighted expected return: Σ(probability × return)

Step 4: Optional PDF Generation

If user explicitly requests PDF: Tool: pdf_generator Parameters: report_title = "[Company] ([Ticker]) — Equity Research Report", document_audience = "internal"

Audience Branching

• Executive Summary (CIO/Board — 2 pages): Recommendation + Thesis + Scenario table + Key Risks only (Sections 1, 2, 4, 6)
• Full Research Report (PM/Analyst — 8-10 pages): All 10 sections with full detail
• Client Presentation (Client/Prospect — 3-4 pages): Sections 1, 2, 4, 7 in plain language, no internal jargon, positive framing

Output Template

# [Company] ([Ticker]) — Equity Research Report

**Rating**: [BUY / HOLD / SELL] | **Price Target**: $[X] ([+/-X]% upside) | **Risk**: [Low / Medium / High]

---

## 1. Recommendation
[2-3 sentences with rating rationale and timeframe]

## 2. Investment Thesis
**Core thesis**: [2-3 sentences]
| Pillar | Evidence | Confidence |
|--------|----------|------------|
| [Pillar 1] | [Data point] | [High/Medium/Low] |

## 3. Financial Model
| Metric | FY[X-2] | FY[X-1] | FY[X]E | FY[X+1]E |
|--------|---------|---------|--------|----------|
| Revenue | [X] | [X] | [X] | [X] |
| EPS | [X] | [X] | [X] | [X] |

## 4. Scenario Analysis
| Scenario | Probability | Price Target | Revenue Growth | EPS | Key Driver |
|----------|-------------|-------------|---------------|-----|-----------|
| Bull | [20-25]% | $[X] | [X]% | $[X] | [Driver] |
| Base | [50-60]% | $[X] | [X]% | $[X] | [Driver] |
| Bear | [20-25]% | $[X] | [X]% | $[X] | [Driver] |

**Probability-Weighted Expected Return**: [X]%

## 5-10. [Remaining sections follow report structure above]

Cross-Skill References

• "Want competitive context first?" → competitive-intelligence skill
• "Check ownership signals?" → insider-institutional-analysis skill
• "Recent earnings insights?" → earnings-intelligence skill
• "Generate PDF?" → pdf-report-generation skill
• "Adapt for different audience?" → audience-adaptive-narrative skill

Stopping Points

• After Step 1 (financial foundation): Offer scope adjustment + cross-skill options
• After Step 2 (all research gathered): Offer report generation + review options
• After Step 3 (report compiled): Offer PDF generation + audience adaptation