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Zorev

AI-powered fundamental analysis

Fundamental analysis that challenges its own conclusions.

Zorev transforms company disclosures into a structured, evidence-backed investment thesis. It connects claims, assumptions, scenarios and valuation—then continuously searches for evidence that could confirm or invalidate the analysis.

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From company evidence to investment conviction.

Alderwyn Indutrial Group

Illustrative company · Industrial components · FY2019–FY2024

Illustrative companyIllustrative data

Revenue growth (YoY)

11.4%

+180 bps vs. prior year

Operating margin

14.2%

−240 bps vs. prior year

FCF conversion

63%

−9 pts vs. 5-yr average

ROIC

12.8%

WACC 8.6%

Net debt / EBITDA

1.9x

Covenant 3.0x

Valuation range

42 – 61

Base case 51 per share

Operating margin evolution (%)

17.1
FY20
16.6
FY21
16.4
FY22
16.6
FY23
14.2
FY24

Scenario outcomes — value per share

Bull61
Base51
Bear42

Illustrative data · assumptions editable

Source documents

  • Annual report FY2024 — 214 pagesIndexed
  • Q4 earnings transcriptIndexed
  • Capital markets day presentationIndexed
  • Interim report H1 FY2024Indexed

Principal risks

  • Input-cost pass-through slower than assumed
  • Product mix shift toward lower-margin segments
  • Customer concentration in the principal market
  • Working-capital build reducing cash conversion

ZOREV ASSESSMENT

  1. Source document

    Annual report, page 84

  2. Extracted evidence

    Gross margin declined by 240 basis points

  3. Financial significance

    Higher input costs and adverse product mix

  4. Model assumption

    Base-case margin assumption revised

  5. Valuation impact

    Illustrative valuation impact: negative

AI Research Challenger

Illustrative
  • Revenue growth accelerated, but cash conversion weakened.
  • Base-case margin expansion depends on an assumption not supported by the latest reporting period.

Investment-thesis summary

Durable demand supports mid-single-digit volume growth, but the investment case depends on margin recovery and improved cash conversion. Thesis-breaking condition: input-cost pass-through remains incomplete through the next two reporting periods.

Example analytical workflow · illustrative data

Source-linked evidenceExplicit assumptionsCounter-thesis analysisContinuous monitoring

Differentiation

Most research platforms help you find answers. Zorev helps you test whether those answers deserve your confidence.

Product value

Beyond search and summarisation

Many AI tools retrieve information and summarise documents. Zorev structures the complete reasoning process behind a fundamental investment thesis—claims, evidence, assumptions, scenarios, risks and the conditions that would prove the analysis wrong.

01

Build the thesis

Convert fragmented company information into structured claims, assumptions, value drivers and risks.

02

Challenge the thesis

Surface contradictory evidence, fragile assumptions and the conditions that could make the analysis wrong.

03

Monitor the thesis

Track new evidence and understand exactly how it changes the original investment case.

Five connected capabilities

Structured reasoning, not an opaque answer.

01

Methodology encoded into the analysis

Zorev applies a consistent fundamental-analysis framework rather than producing a generic AI summary. The analysis adapts to the company’s business model, sector, value drivers and risk profile.

  • Business-model economics
  • Sector-specific drivers
  • Risk profile
  • Repeatable structure

02

Claim-to-evidence mapping

A citation alone is not enough. Zorev helps you assess whether the available evidence genuinely supports the conclusion.

  • The underlying claim
  • Supporting evidence
  • Contradictory evidence
  • Original source and publication date
  • Confidence level
  • Missing or unresolved information

03

A mandatory counter-thesis

Zorev actively challenges the initial investment thesis rather than reinforcing it.

  • Fragile assumptions
  • Contradictory evidence
  • Potential accounting or disclosure concerns
  • Questions management has not clearly answered
  • Conditions that would invalidate the thesis

04

Connected scenario analysis

Base, upside and downside cases are connected to explicit operational assumptions. When an assumption changes, Zorev explains how it affects financial performance, valuation and confidence in the thesis.

  • Revenue growth
  • Volume and pricing
  • Margins
  • Working capital
  • Capital expenditure
  • Cash generation
  • Cost of capital

05

Continuous thesis monitoring

When a company publishes new results, filings, presentations or management commentary, Zorev identifies what it means for the existing analysis.

  • What changed
  • Which assumption was affected
  • Whether the evidence strengthens or weakens the thesis
  • Whether an invalidation condition was reached
  • What to investigate next

Workflow

A living thesis, not a static report

Each stage stays connected to the one before it, so a change in evidence flows through assumptions, valuation and confidence.

  1. 01Investment question
  2. 02Claims and assumptions
  3. 03Supporting and conflicting evidence
  4. 04Operational scenarios and valuation
  5. 05Risks and invalidation conditions
  6. 06Continuous monitoring

Counter-thesis

AI accelerates the work. You own the judgement.

Zorev handles evidence collection, structuring, comparison and continuous monitoring. The analyst remains responsible for interpreting uncertainty, applying professional judgement and making the final decision.

The software supports professional judgement. It does not replace it.

AI Research Challenger

Illustrative
  • What evidence contradicts the current thesis?
  • Which valuation assumption has the greatest impact?
  • Is reported growth converting into cash?
  • What changed since the previous reporting period?
  • Which condition would invalidate the investment case?
  • What expectations are already reflected in the valuation?

The platform surfaces questions, evidence and alternative interpretations. The analyst determines their significance.

For investment organisations

An analysis you can examine, challenge and defend.

Consistent standards

Apply a common analytical structure while preserving individual analyst judgement.

Faster review

Give reviewers visibility into the evidence and assumptions supporting a conclusion.

Institutional memory

Preserve analytical reasoning instead of losing it across documents and conversations.

Living research

Monitor how new information affects the original analysis and investment thesis.

Explore the methodology

Build a thesis designed to withstand scrutiny.

See how Zorev turns company evidence into a transparent, challengeable and continuously updated investment case.

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