Finbox is under active development, and we're continually pushing updates and improvements to the platform. Admittedly, we haven't done the best job of communicating new features as they're released. Going forward, we'll update this post as new features get added, and improvements are made to Finbox. Stay tuned!
May 22, 2020 — New Navigation, Company Overview & More
We're excited to roll out this update, which is one of the biggest since the launch of Finbox 3.0 last November. With this update, we introduce deep dives into a company's dividend history and earnings forecasts as well as improvements like full-screen mode for watchlist and screener tables, trend charts in the financial explorer, data exports from charts editor, and more! So let's get to it!
• Updated Navigation (New!)
The first order of business -- navigation updates. To make room for new tools that we're planning to introduce over the coming months and to ensure all existing tools are available with one click, we've added a new side-bar. On smaller screens, you may want to collapse the side-bar to increase screen space. The side-bar automatically expands when you hover over the icons.
We understand navigation changes can be annoying. I compare it to a stranger coming into my house and rearranging all my things, so rest assured we only do it when it's required.
• Dividend Explorer (New!)
The Dividends tab is the perfect place to start for all dividend hunters. You can now analyze everything about a company's dividend in one place (dividend yield, growth streak, expected payouts, and more.)
Compare Dividend Yields Over Time
You can view the daily dividend yield history for any company using this widget. It also allows you to compare dividend yield histories for various companies.
Annual Payout History
The Payout History widget gives you insight into the total dividends paid by a company during a calendar year.
Dividend Payment Dates
The Dividend History Details table lists details on the dividend payments made by a company.
• Earnings Explorer (New!)
Love them or hate them, earnings reports can cause big swings in a company's stock price and sometimes even the entire market. To give you better insight into how management has performed during prior earnings reports and prepare you for what's ahead, we've introduced several new widgets on this page. Key highlights below:
Upcoming Quarter's Earnings
We source forecast data from Standard & Poors. S&P aggregates forecasts from various brokers and equity research institutions. This widget allows you to better understand the market expectation for the upcoming quarter and how expectations have been revised over the last year:
Stock Price Reactions
Does management have a track record of exceeding analyst expectations? Does the market even care about a company's earnings report? You can glean this information from the Stock Price Reactions widget where quantify the impact of past earnings reports by comparing the stock price the day before earnings and the day after earnings once the market has processed the new information provided by management:
• Trend Charts in Financials Explorer (New!)
You can now instantly visualize the trends in financial statements using the charting tool in the Financials Explorer.
• Full Screen Mode For Tables (New!)
We heard you, data fiends - you want to data as quickly as possible. We've added a Full-Screen mode to the tables in Watchlist and Screener help:
• Table View And Data Export In Charts Editor (New!)
You can now view and export data from the Charts Editor:
May 16, 2020 — Edit Model Benchmarks & A New Currency Selector
• Model Benchmarks Editor (New!)
Finbox's benchmark selection algorithm considers various factors, including mentions in earnings calls, filings, business geography, industry, sector, as well as fundamentals factors like market capitalization, enterprise value, and valuation multiples to determine the appropriate set of benchmarks for any company. We make the ranked list available in the Data Explorer: Similar Companies.
These benchmarks are used in the financial models available for each company. If you're unhappy with the default benchmarks or just want to use a few different ones, you can now do so using the benchmarks editor. You can find the new tab labeled "Benchmarks Editor" in the model viewer. The benchmarks editor is enabled for any model where the benchmarks used have a material impact on the conclusion, including Revenue Multiples, EBITDA Multiples, P/E Multiples, Weighted Average Cost of Capital, and DuPont ROE Analysis:
• Watchlist Currency Selector (New!)
You can now view your Watchlist in any currency of your choice. By default, the Watchlist normalizes all data in the stock's trading currency so that the price matches what you see on the respective stock exchanges. It can be helpful when comparing groups of companies to view all data in the same currency.
Bug fixes & improvements
- Improved performance in the bulk ticker uploader in the Watchlist
May 7, 2020 — Y-Axis Scaling in Charts Editor
• Y-Axis Scaling In Charts Editor (New!)
When metrics are in different units of scale, it can be difficult to compare trends and performance. Common cases where since can be an issue are:
a) Comparing stock price performance of two or more companies
b) Analyzing a company's growth in earnings relative to the stock price
c) Benchmarking growth in balance sheet metrics like cash balance, total assets and total debt of two or more companies
d) Benchmarking the historical performance of income statement metrics like revenue, gross profit, margins and earnings per share (EPS)
e) Benchmarking forecasts for revenue, capital expenditures, and EPS
Stock price charts end up looking something like this:
Fundamental charts with valuation ratios like P/E Ratio and per-share metrics like EPS end up plotted on two different Y-Axes:
To make it easier to interpret the underlying trends you can now click the Start Y-Axis at 0 button in the options bar:
The stock price chart becomes a lot easier to interpret:
After scaling the stock price, P/E Ratio, and EPS chart, it becomes much easier to deconstruct the increase is Apple's stock price. Over the last five years, Apple's stock price has increased by 151.9%. About 47.2% percent of the rise in stock price can be attributed to Apple management's ability to grow earnings over that period.
Using the chart, we can also note that investors today are willing to pay 58.8% more for each dollar of Apple's earnings than they were five years ago since the P/E ratio has increased by that amount (aka multiple expansion).
Source: Apple P/E Multiple Expansion
Bug fixes & improvements
- Added support for Start Y-Axis At 0 button in the chart editor
- Fixed a bug in the screener related to sorting by 3-month total return
- Improved formatting of the selected page in table pagination controls