Our financial models are free. No catch.

Yes. Building, previewing, changes, research, historical financials, branding and the Excel download are all free, with no end date. You need a free account, and no card.

Because we want your feedback. Every model you ask for and every change you request helps us build the most comprehensive financial modelling engine the world has ever seen, and change how the whole industry builds models. So we build yours free. All we ask is a free account and honest feedback.

No. A model is a set of Excel calculations built from your information and assumptions. We give no financial, investment, tax or legal advice, make no recommendation and give no warranty that any figure is right: check everything independently and get professional advice before relying on it. Our terms of service have the detail.

A standard .xlsx workbook with every formula intact and no macros: inputs in blue with the source of each one noted, a linked profit and loss, balance sheet and cash flow, a valuation, scenarios, a dashboard, a guide sheet that explains how the model works, and a Checks sheet that shows it balances.

Yes. You can explore every sheet, the dashboard and the valuation online. The preview shows values only; the working formulas are in the Excel file.

Usually within the hour. If we need anything else, we ask on your status page and by email.

Anything that describes the business and its plans: the latest annual report or financial statements, management accounts, a budget or forecast, rent rolls or asset registers, investor presentations and your own notes. PDF, Word, Excel, CSV or text, up to 20 files of 25 MB each. The more we have, the fewer assumptions we make. No documents yet? Your description, or your website, is enough to start.

We make a reasonable assumption and label it as one. Every input in the model notes its source, so you can see exactly what came from your documents and what didn’t.

It is how big and deep the model is. Very low is a one-page view of the whole business on growth rates and cost ratios. Medium builds each segment on the standard method for every line. Very high builds every driver up, such as the maths behind pricing (list prices, mix, discounts and indexation), contracts and cohorts, and debt tranche by tranche with hedging. Higher levels need more detailed figures from you. Leave it on Auto and we choose the level your documents support.

Yes. Switch on Include historical financials and attach your last three years of accounts. We set your past results beside the forecast and check each total against the forecast’s opening balances.

Yes. Switch on Research my business and industry when you send your request. We look for your last three years of published accounts (annual reports, ASX announcements or the ACNC register) and the drivers behind them, such as occupancy, volumes and prices, plus your industry’s benchmarks, growth and outlook, and use them to set and source the model’s assumptions. If your accounts are not public, we ask you for them.

Yes. On the request form, switch on the valuation methods you want: discounted cash flow, trading multiples, price to earnings, net asset value, dividend discount, sum of the parts or precedent transactions. The model shows each method side by side and concludes on their weighted average. Leave them all off and we choose the methods that suit the business. You can change them after you have seen the model.

Yes. Choose Valuing a business as what the model is for, and give us the ASX code. We build the forecast from the company’s published reports and value it on the methods you choose, with value per share, and set the market capitalisation and the trading multiples beside it for reference. The model is calculations only: it gives no target price, expected return or recommendation, and it is not financial advice.

Yes. Your model’s page and its preview have a re-engineering request: tell us what to change, such as the valuation methods, the level of detail or an assumption, and we rebuild it as a new version. If a change needs a building block we do not have yet, we tell you and add it to what we build next.

Yes, it’s yours. Change any input and everything recalculates. You can also switch every money figure between $, $’000, $m and $bn.

Send your request and describe the business. Our models are built from a library of tested building blocks, and when your business needs one we don’t have yet, we build it for your model.