When analyzing stocks we are constantly searching for new and innovative ways to gather information and gain insight into a potential buy. Typically, we scour through dozens of income statements and balance sheets while looking at historical charts and graphs all in an effort to make sense of the data collected. Wouldn’t it be nice to glean a lot about a company’s stock with just one quick look? Well, recently, I came across a new and interesting visual way to find investments that seems to do the trick. I’d like to introduce you to Simply Wall St.
The most interesting thing Simply Wall St. does is provide you a simple graphic they call a snowflake that highlights the income, value, overall health including debt, expected future performance and past performance going back five years of a particular stock.
The snowflake is based on 30 financial checks and its size, shape and color show how well the company is performing in a specific area. In this way you get an easy to understand financial snapshot based on the appearance of the snowflake. For example, look at the JNJ snowflake versus AMZN snowflake. This visual approach might be a good starting point when searching for undervalued dividend payers or perhaps top dividend payers.
Simply Wall St. does more than present company snapshots in their snowflake form. It also offers a pretty nifty portfolio management tool which makes it really easy for users to see their stock diversification, returns and it also helps find strengths and weaknesses in their investments. And for those interested in company reports, Simply Wall St. also provides all the pertinent ratios, DCF, analyst estimates, past earnings and even things like insider trading in a easy to understand infographic.
In all, I found Simply Wall St. easy and intuitive to use. While many stock research tools exist on and offline I liked the fast, visual manner stock data was presented. This makes screening for potential stocks easy and a good starting point for further research. I enjoyed sorting through a few of their preset screens for undervalued dividend stocks the most, as those are the types of companies I am interested in investing. Simply Wall St. definitely deserves a try in my opinion.