Features
A screen is a filter over public data. This one tells you exactly which filter it applied, what each company scored against it, and where the data itself should not be trusted.
Each has its own page listing every rule it applies and why it applies it.
Net current asset value is current assets minus every liability. When it exceeds the market cap, the market is handing you the working capital and charging nothing for the business attached to it. The liquidity and leverage rules exist so that discount survives long enough to close.
Enterprise value is market cap plus debt minus cash. Below zero, the cash net of debt exceeds what the shares cost — you are paid to take the operating company. The price/sales and liquidity rules are there to make sure there is a business attached and that the cash is genuinely available.
EV/EBITDA is what an acquirer of the entire business pays for its operating earnings. It is used instead of P/E because it is indifferent to how the company is financed — debt and cash are already in the numerator. The screen adds conservative leverage and a share count that is not growing.
Profitable, cheap on earnings and on book, funded mostly by equity rather than creditors, and yielding above the market. The dividend is the point: a slow re-rating is far easier to sit through when the position pays you for the wait.
The combined gate: cheap on NCAV, book, sales, EBITDA and EBIT simultaneously, generating real operating and free cash flow, unlevered, not diluting, with gross margin stable or improving — and with at least one catalyst the numbers can actually see. Deliberately strict. The near-miss list is usually where the interesting names are.
The fundamental gate before any option is priced: far enough below a conservative fair value that a long call has room to work, profitable, unlevered and liquid enough to still be here at expiry. Only names that clear this gate have their chains pulled and their contracts scored.
Not a cheap balance sheet reverting to book, but a business growing fast enough — on trailing and forward revenue, on forward EPS, at a gross margin that shows pricing power — to reprice the stock before the call expires, bought at a growth-adjusted valuation that does not already assume it.
NCAV, negative enterprise value, the Acquirer's Multiple, the Simple Way, a combined core-value gate, and two LEAP strategies. Each is a published rule set, not a proprietary blend, and each rule is shown with the value it was tested against.
Sixty-two tunable numbers, from Graham's two-thirds rule to the delta band on an option. Change one and the next scan uses it. The panel only shows the thresholds the selected screen actually tests.
A company that failed one or two rules is listed with what it failed and by how much, in plain English — 'needs at least 0.5, has −0.29'. Open it and you get the full company, its criteria and an analyst note, exactly like a match.
For the LEAP screens the chain is pulled for names that clear the fundamental gate. No quote source ships greeks, so implied volatility is inverted from the mid price and delta computed from it, alongside effective leverage, extrinsic value, breakeven CAGR and implied-vs-realised volatility. Each contract scores out of 20.
Negative enterprise value, net cash above the market cap, net-nets, EV/EBITDA under 3x, FCF yield over 15%, below tangible book, buybacks and insider buying — flagged on every scan. Catalysts a screener can genuinely see are a rule, not a footnote.
A written note on any company, built only from that scan's output — what carries the thesis, what contradicts it, what would falsify it, and what you still have to read the filings for. It reconciles the data first and says which figures it does not trust.
Financials and REITs flagged as incomparable on book value. ADRs and mixed reporting currencies FX-adjusted, with a market-cap consistency check when the share count and the quote disagree. Missing data fails a rule rather than quietly passing it.
Every scan is saved and can be reopened exactly as it was, on any device. Every note you generate is stored so rereading it costs nothing.
Free account, no card.