clime Direct
πŸ“ β€”

Intrinsic Value β€” Clever Clime Equity Multiplier

Search any ASX stock to auto-fill from March 2026 data. Methodology auto-routes by sector tier.

βŒ•
β€”
β€”
β€”
Tier 1
Tier 1 β€” SIV Core
Bond = NROE / RR
Growth= NROEΒ² / RRΒ²
IV = Equity/Share Γ— Mult
Consumer Β· Industrials Β· Banks Β· Insurance
β€”
Price
β€”
IV Current
β€”
β€”
IV Forward
β€”
NROE
β€”
Required Return
β€”
Payout
β€”
EPS FY+1
β€”
Franking
β€”
Inputs
Ζ’ Formula (Tier 1)
Clever Clime Equity Multiplier
Bond = NROE / RR
Growth= NROEΒ² / RRΒ²
Mult = (Bond Γ— PR) + (Growth Γ— [1βˆ’PR])
IV = Equity/Share Γ— Mult
πŸ‡¦πŸ‡Ί Franking: PR_adj = PR Γ— (1 + franking% Γ— 0.4286)
Book value / shares on issue
e.g. 0.12 = 12%
Sustainable return on equity
Grossed-up divs / earnings
Intrinsic Value per Share
β€”
Equity Multiplier
β€”
Bond Component
β€”
Growth Component
β€”
Margin of Safety
β€”
Sensitivity β€” IV by NROE Γ— Required Return
Run a calculation to see the sensitivity table.
Formula Reference
Bond Mult = NROE / RR
Growth Mult = NROEΒ² / RRΒ²
Equity Mult = (Bond Γ— PR) + (Growth Γ— [1–PR])
IV = Equity per Share Γ— Equity Mult
Signal: BUY = Price < IV Γ— 0.85
Signal: FAIR = Price within Β±15% of IV
Value test: When NROE = RR, IV = Equity per Share (no-profit condition). Every % of excess ROE amplifies the growth component quadratically. A company with ROE 20% and RR 10% has Growth Multiple = 4Γ—.

ASX Coverage β€” 268 Stocks

Clime Direct universe as at 18 March 2026. Click ticker to load into IV calculator.

β€”
Ticker ↕ Company ↕ Price ↕ IV Current ↕ IV Forward ↕ MoS % ↕ Signal ↕ NROE % ↕ RR % ↕ Payout % ↕

Technical Analysis β€” Chart & Indicators

Price action, momentum, and trend analysis. Select a stock to begin.

βŒ•
No stock selected
Search above or select a stock from the IV calculator or ASX Coverage tab

Clever Clime β€” Framework Reference

Multi-sector equity valuation framework Β· Clime Investment Management Β· March 2026 Β· Confidential

Abstract: Clever Clime extends the SIV equity multiplier into a sector-adaptive, multi-method system. It retains the equity multiplier as the primary engine for industrials and financials, introduces sector-specific methodologies where the multiplier breaks down, adds an earnings quality gate, and integrates a quality-momentum overlay to translate static IV signals into dynamic investment decisions.
5 Valuation Tiers
Consumer Discretionary Β· Consumer Staples Β· Health Care (established) Β· Industrials Β· Banks Β· Insurance Β· Diversified Financials Β· IT (profitable)
Bond = NROE / RR
Growth = NROEΒ² / RRΒ²
Mult = (Bond Γ— PR) + (Growth Γ— [1βˆ’PR])
IV = Equity/Share Γ— Equity Mult
πŸ‡¦πŸ‡Ί Franking grosses up DPS: PR_adj = PR Γ— (1 + franking% Γ— 0.4286)
Software & Services Β· Technology Hardware (asset-light) Β· Professional Services Β· Health Care Technology
IV = EPS(FY+1) / (WACC βˆ’ g_LT) Γ— [1 + (g_ST βˆ’ g_LT) / WACC]
Use when earnings are capitalised rather than distributed. Growth rate split: near-term g_ST tapers to long-term g_LT.
Energy Β· Materials Β· Utilities Β· Communications (infra-heavy) Β· Transportation Infrastructure
EV = EBIT(FY+1) Γ— Target Multiple
IV = (EV βˆ’ Net Debt) / Shares Outstanding
Target multiple derived from sector peer group median. Net debt normalised at cycle-average commodity price.
Equity REITs Β· Diversified Real Estate Β· Infrastructure Funds
IV = AFFO per Unit Γ— Target P/AFFO Multiple
AFFO = FFO adjusted for maintenance capex and straight-line rent. P/AFFO target set relative to WACC and distribution yield.
Pre-profit technology Β· Biotech Β· Early-stage healthcare Β· Companies with negative equity
Signal = EV / NTM Revenue vs peer group median
Directional signals only β€” no absolute IV produced. Position sizing governed by qualitative assessment and stop-loss discipline.
Signal Matrix β€” Quality-Momentum Overlay
IV SignalEQSERSPrice Mom.Portfolio Signal
Undervaluedβ‰₯70+ve+veACTIVE BUY
Undervaluedβ‰₯70+veβˆ’veACCUMULATE
Undervaluedβ‰₯70βˆ’veAnyWATCH
Undervalued<70AnyAnySUSPENDED
Fair ValueAnyAnyAnyHOLD
OvervaluedAnyAnyAnyREDUCE / EXIT
EQS = Earnings Quality Score Β· ERS = Earnings Revision Score (3-month net revision ratio) Β· Price Mom. = 12-month price momentum excl. most recent month
WACC Structure β€” Clime Framework
WACC = Rf + ERP + Company Premium  |  Rf = 10yr AGB yield ~4.25%  |  ERP = 6.0%
Quality TierCompany PremiumWACC Range (Rf=4.5%)
Tier A β€” Wide moat, predictable earnings0–1%10.5–11.5%
Tier B β€” Solid franchise, moderate visibility1–3%11.5–13.5%
Tier C β€” Competitive industry, some variability3–5%13.5–15.5%
Tier D β€” High uncertainty or cyclical5–8%15.5–18.5%
Earnings Quality Score (EQS)
Composite of 4 metrics, each 0–25 pts, max 100. Score β‰₯70 required to act on IV signal. 50–70 triggers review flag. <50 suspends the IV signal.
25
Earnings Stability
CV of trailing 5-year normalised EPS. Low coefficient of variation = more predictable earnings base.
25
Cash Conversion
Operating CF / NPAT over 3 years. Values below 0.7 indicate accrual-heavy earnings quality concern.
25
Balance Sheet Integrity
Net debt / EBITDA trend. Deteriorating leverage concurrent with growing earnings = quality warning.
25
Consensus Revision Trend
Direction of analyst EPS revisions over 90 days. Sustained downward revisions discount IV reliability.
Position Sizing Guidance: Active Buy High Conviction (MoS >25%, QFS >70) β†’ up to 5% of portfolio Β· Active Buy Standard (15–25%, QFS 50–70) β†’ up to 3% Β· Accumulate β†’ up to 2% Β· Watch β†’ initiate only on significant weakness Β· The framework does not incorporate macroeconomic inputs β€” WACC captures this implicitly via the risk-free rate level.

AI Assistant β€” Powered by BizGPT

Ask questions about the Clever Clime framework, specific stocks, valuation concepts, and technical analysis.

✦
Clime Investment Assistant
I have deep knowledge of the Clever Clime framework, ASX stock valuations, and technical analysis. Ask me anything.
No API key set β€”
✦ Current Context
StockNone selected
IV Currentβ€”
Signalβ€”
Margin of Safetyβ€”
Sector Tierβ€”
Suggested Questions

STRETD β€” Expected Stock Return

After-tax annualised return with dividends reinvested in shares.

Inputs
At end of holding period
0 for pre-tax
Annual Return (After Tax)
β€”
Pre-Tax Return
β€”
Exit Price (est.)
β€”
Total Shares at Exit
β€”
How It Works

STRETD simulates holding a stock over the nominated period, reinvesting each year's after-tax dividend by purchasing more shares at the interpolated price.

Each year: EPS grows at your forecast rate β†’ dividend paid (EPS Γ— payout) β†’ tax deducted β†’ net dividend purchases more shares at interpolated price.

At exit: all shares sold at EPS(n) Γ— exit P/E. Capital gain tax on original share only. Return = CAGR of total proceeds vs entry price.

Required Return β€” Clime Framework

The most critical input. A 1% error in WACC on a quality compounder can move IV by 20–30%.

WACC = Rf (~4.25%) + ERP (6.0%) + Company Premium = ~10.25% minimum base for ASX equities
🟒 Wide Moat
<11%
Global blue chips, exceptional history. Rare β€” apply carefully.
βœ… Tier A Quality
11–12%
Highest ASX quality. Consistent ROE, dominant position, clean balance sheet.
🟑 Tier B Solid
12–14%
Good franchise, moderate earnings visibility, some cyclicality.
πŸ”΄ Tier C/D Risk
14–17%
Competitive pressures, shorter history, leverage concerns or cyclicals.
⚫ Speculative
>17%
Pre-profit, high leverage, unproven. IV is very sensitive to small changes.
βšͺ Not Covered
N/A
Sub-investment grade, LICs, insufficient history for reliable NROE.
RR Impact Calculator

What Should I Do? β€” Stock Signals

What the Clever Clime model says about each stock right now. Based on March 2026 data.

🟒
BUY
Stock trades well below its estimated value
πŸ”Ό
ACCUMULATE
Good value β€” buy on dips, wait for momentum
πŸ‘€
WATCH
Interesting but needs more evidence before buying
⏸️
HOLD
Fairly priced β€” keep if you own it, don't chase
πŸ”΄
SELL
Stock trades well above its estimated value β€” reduce
β€”
Code ↕ Company ↕ Price ↕ Fair Value ↕ Discount ↕ Action Max Position Return on Equity ↕
⚠ = close to the buy/hold boundary. Signals are model-based estimates β€” not financial advice. Always verify earnings quality before acting.

FactSet β€” Live Data Terminal

Pull live ASX data directly from FactSet API Β· Screen, search, and feed into IV calculations

● DISCONNECTED
βŒ•
152
Universe
13
Buy
55
Fair Value
84
Overvalued
Last Refresh
Mon 24 Mar 08:42
Ticker Company Sector Price EPS FY1 EPS FY2 DPS FY1 Book Val/Sh Franking WACC IV Est. MoS % Signal ERS Action
Data sourced from FactSet API Β· Showing mock data β€” connect your FactSet API key to pull live figures
FactSet API Codes Reference
Fundamentals Endpoint
FF_EPS(FY1,AUD) β€” EPS forecast year 1
FF_EPS(FY2,AUD) β€” EPS forecast year 2
FF_DPS(FY1,AUD) β€” DPS forecast year 1
FF_BOOK_VAL_PS(LTM,AUD) β€” Book value/share
FF_FRANK_PCT(ANN) β€” Franking %
FF_WACC β€” Weighted avg cost of capital
Estimates & Revisions
CESTIREV_EPS(0,90,-1,,AUD) β€” ERS 90d
P_PRICE_CHG(-252,-21,ANN) β€” 12m price mom.
FF_OCF(LTM,AUD) β€” Operating cash flow
FF_NET_INC(LTM,AUD) β€” Net income LTM
FF_DEBT_NET(LTM,AUD) β€” Net debt
FF_EBITDA(LTM,AUD) β€” EBITDA LTM
πŸ“‹ Monday Workflow Guide β€” Step by Step
β€Ί
How often to refresh
Every Monday
Refresh prices & forecasts. Re-run screen. Check if signals changed.
Once a month
Update WACC for each stock. Check earnings quality scores.
Every quarter
Full review of required return for the top 50 holdings.
After results
Re-run immediately. Signals can flip overnight after a report.
Columns to add
Ticker & Company Name
Latest Share Price
EPS Forecast Year 1 & 2
Dividend Forecast Year 1
Book Value per Share
Franking %
WACC (cost of equity)
Analyst upgrade/downgrade trend
FactSet codes
FF_EPS(FY1,AUD)
FF_EPS(FY2,AUD)
FF_DPS(FY1,AUD)
FF_BOOK_VAL_PS(LTM)
FF_FRANK_PCT(ANN)
CESTIREV_EPS(0,90,-1)
Export to Excel β†’ paste into Data_Forecasts sheet
πŸ“
Capital efficiency
Earnings Γ· book value. High = efficient business.
πŸ‡¦πŸ‡Ί
Franking uplift
AU tax credits make franked dividends worth more. Added automatically.
βœ–οΈ
Fair value multiplier
Income + growth value Γ— book value = IV.
🏷️
The signal
>15% below IV = Buy. Within 15% = Hold. >15% above = Sell.
πŸ“Š
Stable earnings?
Consistent profits over 5 years. Volatile = risky.
πŸ’΅
Profit β†’ cash?
Paper profit that doesn't turn into cash is a warning sign.
βš–οΈ
Debt controlled?
Growing profits while piling on debt = red flag.
πŸ“ˆ
Analysts upgrading?
Net upgrades via CESTIREV_EPS
70–100
Act on signal
50–69
Review first
<50
Don't buy
πŸ“ˆ Price up vs 12 months ago
Market starting to see the value β†’ Active Buy. Full position.
πŸ“‰ Price down vs 12 months ago
Still cheap but falling β†’ Accumulate. Half position, add later.
SignalWhat it meansMax % of portfolioAction
BUY β˜…>25% below fair valueUp to 5%Full position
BUY15–25% below fair valueUp to 3%Standard initiation
ACCUMULATECheap but still fallingUp to 2%Half now, add when price turns
WATCHInteresting, not ready yet0–1%Only on major price fall
HOLDFairly pricedKeep existingDon't buy more, don't sell
SELL>15% above fair valueSell to 0%Sell into strength
Copy these into FactSet Universal Screen
// Cheap enough
P_PRICE < IV_Current * 0.85
// Profit converts to cash
FF_OCF(LTM) / FF_NET_INC(LTM) > 0.7
// Debt manageable
FF_DEBT_NET / FF_EBITDA < 3.0
// Analysts upgrading
CESTIREV_EPS(0,90,-1) > 0
// Profitable
FF_EPS(FY1) > 0
Sort by: biggest discount first
Excel workbook sheets
Data_Forecasts ← paste FactSet export
Data_WACC ← Clime override rates
Valuation ← fair value calculated
EQS ← earnings quality scores
Signal ← buy / hold / sell per stock
Portfolio ← current holdings overlay
Dashboard ← Monday morning summary
The shortlist is a starting point for analyst review β€” not an automatic buy list. Always verify WACC and EQS score before placing orders.

IMA Models Portfolio Management

Clime Asset Management Β· AFSL 221146 Β· Signals from March 2026 valuations Β· Click any model to view holdings

3 NEW
6 ESTABLISHED
AFSL 221146 Β· Wholesale investors only Β· Does not constitute financial advice