Bottom-Up Monitoring · How It Works

What the financials say.
What the numbers prove.

No news. No themes. No narratives.
Decisions are made purely from three years of financial statements and the most recent quarterly results.
Is it actually growing? And is it cheap relative to that growth?

2Scoring Axes
3-YearFinancial Trend
5 QtrsRecent Earnings
600+Stocks Analyzed
TWO AXES

A great company
and a cheap stock are different things.

Strong earnings momentum already reflected in the price isn't an opportunity. And a cheap-looking stock with deteriorating fundamentals may be a value trap. This system scores both conditions independently and finds their intersection.

📊

Growth Axis — Is the business improving?

3-year trends across four indicators — ROE, EPS, operating margin, and operating income — are analyzed. We look not just for growth, but for accelerating growth: is the rate of improvement itself speeding up? Recent quarterly results and forward estimates are incorporated to calibrate confidence.

GROWTH SCORE
⚖️

Value Axis — Is the price attractive?

Current valuation is benchmarked against the sector-average PER. Dividend yield and payout trend are factored in to assess how much the company is returning to shareholders. The result is a relative value score — cheap or expensive versus peers.

VALUE SCORE
GROWTH SCORE — Factor Weights
ROE
1.5× weight
EPS Trend
1.5× weight
Operating Margin
1.0× weight
Operating Income
0.5× weight
Dividend Payout
0.25× weight
Confidence calibration: The score is boosted when recent quarterly results align with the annual trend, and when our proprietary forward EPS estimate exceeds consensus. In the US market, analyst consensus revision data serves this purpose. Most Korean small- and mid-caps have no analyst coverage. This system fills that gap with internally computed estimates.
RESULTS

The intersection of two scores
determines where each stock lands.

Growth scores and value scores each generate independent ranked lists. Stocks appearing on both lists simultaneously become Top Picks.

Top Pick

Growth + Undervaluation both confirmed

Top-ranked on both the growth and value axes. Fundamentals are improving while the price hasn't yet caught up to intrinsic value.

→ Immediate deep-dive analysis
Growth Candidate

Strong momentum,
but price already reflects it

High growth score but low value score. Momentum may continue, but expectations appear to be priced in. Entry timing and price matter.

→ Monitor; assess entry level
Value Candidate

Cheap valuation,
growth catalyst still unclear

High value score but growth trend is not yet decisive. Attractive on valuation but may require patience without a near-term catalyst.

→ Monitor; wait for growth signal
OUTPUT

What numbers
are shown.

We don't make the investment decision for you. We organize the key metrics needed to make that decision — and let the investor interpret them.

Stock List — Key Displayed Metrics
The following data points are provided for each Top Pick, Growth, and Value candidate
Growth Score
G Score
3-year ROE/EPS/margin trend + quarterly confidence adjustment
Value Score
V Score
Valuation vs. sector-average PER + dividend metrics
Target EPS
Est. EPS
Proprietary forward EPS estimate — reference vs. consensus
Detail Report
Popup
Estimate rationale, quarterly trend, sector peer comparison

Target EPS is a reference input, not a recommendation. You can use it to calculate a target price independently, or feed it into SS-Code for a valuation output. All forward estimates carry inherent uncertainty and are based on historical financial data.

HOW IT WORKS

From data collection
to final list.

1
STEP 01 · Financial Data Collection

3 years of annual financials + 5 recent quarters

ROE, EPS, operating income, operating margin, and dividend data are collected for 600+ stocks. Annual trend and recent quarterly trajectory are checked for consistency.

Financial DB loaded
2
STEP 02 · Growth Score Calculation

Consecutive improvement — and is it accelerating?

First-order and second-order year-over-year change rates are computed for each indicator. Stocks where growth is not just positive but speeding up receive additional score.

Growth scores computed
3
STEP 03 · Value Score Calculation

Where does the stock sit vs. its sector peers?

Current PER is benchmarked against sector-average PER. Stocks with dividend yield above the sector average receive an additional value bonus.

Value scores computed
4
STEP 04 · Final List Confirmation

The intersection of two ranked lists

The top-ranked growth list and top-ranked value list are cross-referenced. Stocks appearing on both become Top Picks.

Top Pick · Growth · Value candidate lists confirmed
INVESTMENT RESEARCH

Financially proven companies.
Priced below their value.

Today's Top Pick and candidate lists
are available on the Investment Code page.

← Back to Investment Code

All analysis is provided for reference purposes only. Investment decisions and outcomes are the sole responsibility of the investor.
Scores and EPS estimates are statistically derived from historical financial data and do not guarantee future returns.