Sources of easily parsed detailed financial data on stocks
The back story: As you can see from my alias here, I’m a value investor, but I don’t like conventional stock screening tools. PE ratios and price/book ratios are too crude and have too many inequities. The stocks with rock bottom lowest multiples are mostly imposters and not real bargains. You’ll never ever find top quality stocks like Fastenal or Coca Cola on the lowest PE or lowest price/book lists. I believe in free cash flow, but stock screeners don’t cover that criterion, probably because there’s no official definition.
What I’m aiming for: I’d like to create and use an algorithm that automatically crunches the numbers and gives me estimates for the intrinsic business value for THOUSANDS of stocks. This requires having easily parsed balance sheet data, income statement data, and cash flow data going back several years. Yes, I know computer programming, so I’m not concerned about writing the algorithm. No, the SEC’s EDGAR site won’t work, because the financial statements aren’t in a uniform format. No, XBRL won’t do, because much of it is inaccurate or unavailable for most companies.
My question: Who provides detailed balance sheet, income statement, and cash flow statement data on stocks in a format that’s easily parsed and at a reasonable price? If your firm uses one of these services, I'd like to hear from you. (Unlike many of you, I don’t work for a financial firm.) I think Bloomberg offers this, but the price is overkill. Do Morningstar or Zacks work for your firm? What other services should I consider?
Hi DiehardValueInvestor, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
You're welcome.
Haha I thought I were the one writing this post as I've been trying to do the exact same thing. But since I live in Sweden, non of the pages who offer API's for financial statements cover the Swedish stockmarket.
I can however share the ones I know. 1. Simfin 2. Fmpcloud 3. Financialmodelingprep (old fmpcloud)
There are good documentation for all these.
Eos iure occaecati ea qui enim eum. Velit consectetur sunt nam. Corporis cum eos voluptas autem ab molestiae accusamus. At facilis ut cumque. Numquam suscipit at omnis earum dignissimos iure laborum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...