Methodology

Every number on this site can be traced to a filing.

This page explains where Craytheon's data comes from, how it's verified, how the valuation models work, and how the written analysis on company pages is produced.

Where the data comes from

Craytheon's financial statements are extracted from each company's own audited annual reports, the primary source rather than a third-party data vendor. For covered companies we hold up to two decades of income statements, balance sheets and cash flow statements, keyed to the original filing.

Extracted figures pass automated integrity checks before publication: balance sheets must balance, statement totals must reconcile with their components, and year-over-year values are screened for extraction errors. Share prices are updated daily after ASX close.

Figures are presented as reported in the company's filings. Some ASX-listed companies (CSL, for example) report in US dollars; share prices are always in Australian dollars.

How the valuation models work

Each covered company gets several independent estimates of per-share fair value, recomputed as new prices and results land. They are models, not predictions. Their value is in comparing the estimates against the market price and against each other.

Discounted cash flow (DCF)

Projects future free cash flows from the company's historical record and discounts them back to present value. We use median historical free-cash-flow growth rates, a deliberately conservative approach that resists one-off spikes.

P/E ratio valuation

Fair value = five-year median P/E × latest diluted earnings per share. Anchors the price to what the market has historically paid for this company's earnings, rather than to a sector average.

EPS growth valuation

Projects earnings per share forward using historical growth rates, applies the median P/E to the projected earnings, then discounts the result back to today at a conservative discount rate.

Banks: dividend discount & price-to-book models

Free cash flow is not meaningful for banks, so bank pages use a dividend discount model (DDM) and a price-to-book approach instead, alongside bank-specific metrics: net interest margin, cost-to-income and Tier 1 capital.

How the written analysis is produced

The narrative blocks on company pages (marked "AI-assisted analysis") are drafted by a large language model, but under strict constraints. The model receives only Craytheon's verified figures for that company as input, and is instructed to make no claim that cannot be computed from those figures. It has no access to news, broker research or its own general knowledge of the company.

Narratives are regenerated only when the underlying data changes, such as a new annual report or a valuation estimate crossing the market price. Every block carries the date it was generated. A sample of each generation batch is reviewed by a human before and after publication, and any block found to misstate the data is corrected or withdrawn.

Nothing on this site is investment advice. The analysis describes what the data shows; what to do with that information is your decision, ideally with advice from a licensed professional who knows your circumstances.

Who's behind Craytheon

Craytheon is an independent platform, built and maintained in Melbourne. It exists to do the fundamental analysis a serious individual investor actually wants: primary-source data, transparent models, and no hot takes. The extraction pipeline, verification checks, valuation models and this website are all developed in-house.

Questions about the data or a suspected error in a figure? Get in touch. Verified corrections ship quickly.