A score is only useful if you know how to act on it. Here is how to read each part of the result.
The verdict is a starting point, not a verdict
Strong Buy and Favourable mean the fundamentals stack up at the asking price; Conditional means it can work with the right terms; Caution and Pass mean the price, cash flow or risk don't currently justify the deal. It is a screen — it tells you whether to spend time and money on diligence, not whether to sign.
The dimension bars show you why
A 60 made of strong valuation but weak market-risk is a very different deal from a 60 with the opposite shape. Read the four bars:
- A low valuation bar → you're paying above the fair range.
- A low financial-health bar → thin margins or a long payback.
- A low market-risk bar → a quota, licence or lease problem specific to the market.
- A low qualitative bar → concentration, owner-dependence or one-off revenue.
The valuation range
The bar shows a floor, an optimal and a ceiling in equity terms (after the net-debt bridge). Below optimal is well-priced; between optimal and ceiling is fair-but-full; above the ceiling is overpaying.
The Monte-Carlo distribution
A single fair value hides the risk; the simulation runs thousands of scenarios with revenue jittered ±20%. Watch:
- P10 / P50 / P90 — the pessimistic, middle and optimistic fair values.
- P(asking ≤ fair value) — the share of scenarios where you're not overpaying. High is good.
- P(DSCR < 1.25 in the swing) — the chance the financing gets tight if revenue dips.
Flags
The flags list surfaces the specific risks and the conservative assumptions made for anything you marked unknown. Treat each as a diligence item — verify, price it in, or walk.
A good deal survives its own downside. If it only works at P90 and full leverage, your margin for error is thin.