📈 Price Ranges — Extreme Low to Extreme High

Our valuation range reflects different possible scenarios for a company:

• Extreme Low – A pessimistic scenario based on significant contraction or risk materialization
• Expected Low – A softer, but still cautious, view
• Probable Low / High – Our middle ground, reflecting the company’s most likely operating range
• Expected High – A strong but reasonable positive scenario
• Extreme High – A stretch scenario where things go unusually well

The Upside shown in the table compares today’s price to our fair-value estimate.

It’s not a prediction — just a reference point to help understand relative valuation.

🗓️ Insert Date — How Often We Update

Each company is updated quarterly, usually shortly after it reports new earnings.

If something meaningful changes — guidance updates, structural shifts, exceptional events — we may adjust outside the normal cycle.

The insert date simply tells you when the numbers were last refreshed.

🏗️ SG Tier — What It Represents

SG Tier reflects how well we understand a company and how confident we are in our analysis.

It’s not a quality score of the business itself — it’s a measure of how familiar we are with it.

• Tier 1 → Companies we know well, with high confidence in our evaluation
• Tier 2 → Companies we understand reasonably well, but still refining
• Tier 3 → Companies we’re newer to, or where visibility is limited

The lower the tier, the stronger our confidence in the assumptions behind the valuation.

⚠️ Risk Tier — Understanding Risk Levels

Risk Tier reflects the overall stability and volatility of a company — how sensitive it might be to market swings, macro conditions, competitive pressure, or unpredictable results.

Higher-risk companies tend to have:

- More volatile revenue or margins

- Less predictable growth paths

- Greater exposure to macroeconomic shifts

- Faster-moving competitive landscapes

- Wider valuation ranges

Lower-risk companies tend to be steadier and more consistent, with tighter valuation scenarios.

This tier helps set expectations for how wide the valuation range might be — and how much uncertainty should be assumed when interpreting the price targets.

➕ Adding New Companies — Our Process

We regularly consider new companies to add to the platform, but we also want to maintain high-quality, thoughtful evaluations for the ones already here.

We’re always balancing between:

- Expanding coverage

- Improving existing SG Tiers and models

- Deepening our analysis where it matters most

Our goal is slow, steady growth — not quantity for its own sake.