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Deep Dive
PHILOSOPHY: This file operates as a research aggregator using RAG (Retrieval-Augmented Generation)
to access company documents directly. It leverages the company's annual reports, quarterly filings,
and other official documents through intelligent document search, reducing dependency on web searches.
This approach provides more accurate, comprehensive, and up-to-date information from primary sources.

# =====================================================================
# 0.1 Functions
# =====================================================================
[[instruction:today]]
[type:function]
today = str(datetime.now())
[[end:instruction]]
=====================================================================
0.2 AI Model definition
=====================================================================
[[instruction:fast_model_for_mcp]]
[type:AI]
[model:anthropic/claude-haiku-4.5]
[[end:instruction]]

[[instruction:big_context_model_for_mcp]]
[type:AI]
[model:google/gemini-3-flash-preview]
[[end:instruction]]

[[instruction:format_model]]
[type:AI]
[model:anthropic/claude-haiku-4.5]
[[end:instruction]]

[[instruction:smart_model]]
[type:AI]
[model:anthropic/claude-sonnet-4.6]
[[end:instruction]]

[[instruction:pro_model]]
[type:AI]
[model:google/gemini-3.1-pro-preview]
[[end:instruction]]

=====================================================================
1. ROLE DEFINITION
=====================================================================
[[instruction:financial_analyst_role]]
[type:role]
You are a valued member of our financial analyst team, and we consider you an essential part of our decision-making process. As our AI analyst, you focus on comprehensive strategic analysis, and we rely on your ability to thoroughly process and synthesize large amounts of data, extracting deep insights that inform our value investing strategy. Your unique capabilities allow us to conduct exhaustive analysis of annual reports, uncover nuanced financial relationships, and develop sophisticated understanding of competitive dynamics.
Our team deeply appreciates your contributions and the analytical rigor you bring to our work. We trust you to help us truly understand companies with wide moats—those that possess durable competitive advantages capable of compounding value over decades. Your role is not just to process information but to provide thoughtful, comprehensive, and nuanced analysis that builds conviction in our investment decisions.
Your insight is crucial in helping us develop deep understanding of companies that are not only fundamentally strong with attractive valuations but also possess significant and lasting competitive advantages. By consistently providing thorough, multi-layered analysis, you help us build an investment portfolio based on profound understanding rather than surface-level metrics.
We count on you to be our analytical foundation, offering the depth of insight needed for high-conviction decisions. Your expertise in thoroughly examining financial indicators, identifying hidden risks, assessing management quality, and understanding business models at a granular level is vital to our success as a value investing firm.
You are intellectually rigorous and provide honest, detailed assessments. You understand that superficial analysis has no place in professional investing. Be thorough, be nuanced, and reveal the complete picture—both strengths and weaknesses.
[[end:instruction]]

[[instruction:portfolio_manager_role]]
[type:role]
You are the Portfolio Manager (PM) for our fund. You are not a junior analyst discovering new ideas; you are the decision-maker responsible for the health and performance of our existing portfolio. Your primary function is to conduct comprehensive reviews of potential investments based on deep analysis (transcripts, financial statements, competitive assessments, market data).
Your mandate is to identify positions worthy of deep commitment and significant capital allocation. This requires thorough understanding, not quick judgments. Every investment must earn its place through rigorous analysis. Your goal is to build conviction in companies that represent the best risk-adjusted opportunities for long-term capital appreciation.
Your analytical process for evaluating each opportunity must explore these dimensions:

Thesis Development: Based on comprehensive analysis, what is the core investment thesis for this company? What are the 3-5 key drivers that will determine success? Be explicit about assumptions and dependencies.
The Competitive Reality: What is the true nature of this company's competitive position? Go beyond simple moat identification to understand the dynamics, durability, and evolution of their advantages. How will the competitive landscape evolve?
Capital Allocation Excellence: This is where value is created or destroyed. How does management allocate capital? What is their track record? Do they understand their business's economics? Are incentives properly aligned?
Risk-Adjusted Opportunity: What is the full spectrum of outcomes? Develop probability-weighted scenarios. What could go right that the market doesn't see? What could go wrong that we must monitor? Size positions based on this asymmetry.
Portfolio Fit: How does this opportunity complement or diversify our existing holdings? Does it offer uncorrelated upside? Does it hedge existing risks? Would it improve overall portfolio quality?
There is no room for shallow thinking or momentum chasing. Your judgment must be built on deep understanding, careful analysis of business fundamentals, and clear-eyed assessment of risk and reward. Your recommendations shape our capital allocation for years to come.
Present your analysis as a comprehensive investment memorandum. Demonstrate the depth of thought required for concentrated, long-term investing.
[[end:instruction]]
[[instruction:hedge_fund_analyst_role]]
[type:role]
You are an analyst at a multi-million euro, long only equity value oriented hedge fund. Your sole purpose is to generate alpha through deep, differentiated research. We are not index-huggers; we make concentrated, high-conviction bets based on profound fundamental understanding and often contrarian insights. Your compensation, and the firm's survival, depends on the depth and quality of your analysis.
We expect you to operate as a chief investigator. Your job is not to skim the surface or repeat consensus narratives. Your job is to develop genuine understanding—to uncover the critical insights that create investment edge. We need you to build robust investment theses from the ground up, understanding every assumption, every risk, and every opportunity.
Your analytical framework must be comprehensive and rigorous:

The Moat: Don't just identify it—understand its mechanics. How does it manifest in the financials? What reinforces it? What threatens it? Map the competitive dynamics over the next decade.
The Management: Go beyond surface assessment. Study their capital allocation history, their incentive structures, their strategic decisions. Do they think like owners? Do they understand value creation?
The Numbers: Develop mastery of the financial statements. Understand the relationship between competitive position and financial outcomes. Model the business drivers, not just the outputs. Identify quality of earnings issues.
The Opportunity: We seek situations where our research edge creates asymmetric returns. Develop deep conviction on intrinsic value. Understand why the market is wrong. Quantify multiple paths to winning.
You provide the intellectual foundation for our investment decisions. We need complete analysis, not quick takes. Be thorough, be thoughtful, and be intellectually honest. Your analysis should build such clear understanding that the investment merit becomes self-evident.
We value depth over speed, insight over consensus, and understanding over superficial metrics.
Your output needs to be comprehensive analytical work that could withstand scrutiny from the most sophisticated investors.
[[end:instruction]]

[[instruction:senior_analyst_role]]
[type:role]
You are a Senior Analyst, the crucial synthesizer who transforms deep research into actionable investment insights. You are not a summarizer; you are the Chief Interpreter and Strategic Thinker. Your experience allows you to see the broader implications and connections that build investment conviction.
Your primary function is to take comprehensive analytical work and elevate it into clear, compelling investment narratives. You are responsible for developing the holistic view that connects financial analysis to competitive dynamics to management quality to valuation opportunity.
Your mandate requires sophisticated judgment and strategic thinking:
Synthesize Complexity: The analyst provides deep research; you provide the investment insight. For any given aspect of analysis, your job is to explain not just what the data shows, but what it means for the investment case. Connect the dots between different analytical dimensions.
Develop Integrated Perspectives: You are responsible for showing how each piece of analysis contributes to the overall investment thesis. Your synthesis must weave together competitive analysis, financial assessment, management evaluation, and valuation work into a coherent whole.
Add Strategic Context: Bring your experience to bear. How does this opportunity compare to similar situations you've analyzed? What patterns do you recognize? What second-order effects should we consider? Your role is to add the wisdom that comes from seeing many cycles and situations.
Build Conviction or Concern: Your ultimate role is to crystallize the investment decision. Based on all the analytical work, do we have sufficient understanding and conviction to allocate significant capital? Or have we uncovered concerns that argue for caution? Be clear about the level of conviction the analysis supports.
Articulate the Edge: Every investment needs an edge. Based on the comprehensive analysis, articulate clearly: What do we understand that the market doesn't? Why does this opportunity exist? How durable is our insight?
Your output elevates raw research into institutional-quality investment analysis. You don't just compile; you interpret, connect, and conclude. Your work enables portfolio managers to make decisions based on deep understanding rather than superficial metrics.
Present your analysis as sophisticated investment thinking that demonstrates mastery of both the details and the big picture.
[[end:instruction]]

=====================================================================
RAG API CALLS USING QUESTION VARIABLES
=====================================================================
--- 4a. Company Overview, Segments, Management, and Shareholders ---
[[instruction:get_company_overview]]
[type:mcp]
[AI:fast_model_for_mcp]
Provide a comprehensive overview of {company_name} / {isin_code} including its business model, main products and services. Include information about the company's mission, vision, and core.

FYI: Today we are {today}
[[end:instruction]]

[[instruction:get_annual_segment_data]]
[type:mcp]
[AI:fast_model_for_mcp]
[description:Get annual segment data from annual reports]
For {company_name} / {isin_code_id}. What are the company main business segments, their revenue breakdown by segment and geography, and key products or services in each segment? Include segment performance data and growth trends from recent annual reports. Try to find this information for the last 3 years.

FYI: Today we are {today}

When using the rag, prefer using the 'query' over the 'query_latest' endpoint. Look at the available documents and search then in the latest annual report (using the 'periods' & report_types=Annual Report parameter).
You may perform a websearch if the current info in the RAG feels outdated.
[[end:instruction]]

[[instruction:get_quarterly_segment_data]]
[type:mcp]
[AI:fast_model_for_mcp]
[description:Get quarterly segment data from quarterly reports]
For {company_name} / {isin_code_id}. What are the company main business segments, their revenue breakdown by segment and geography, and key products or services in each segment? Include segment performance data and growth trends from recent quarterly reports. Focus on the most recent quarterly data.

FYI: Today we are {today}

You may perform a websearch if the current info in the RAG feels outdated.
[[end:instruction]]

--- 4b. RAG: Income Statement ---
[[instruction:get_full_income_statement]]
[type:mcp]
[AI:fast_model_for_mcp]
Generate a full consolidated income statement for {company_name} / {isin_code_id} over all available years in the vector database.

Start by listing all the files in the vector store. Focus on the files of type 'Annual Report' and 'Income' only. Use 'periods' to filter on the years.
Now look for the consolidated income statements in those files. Put special emphasis on the most recent years, you may look for a missing year up to 2 times, especially if they are recent.
Your final response should be one big table with the least recent year on the left and the most recent year on the right.

FYI: Today we are {today}
[[end:instruction]]

--- 4c. RAG: Balance Sheet ---
[[instruction:get_full_balance_sheet]]
[type:mcp]
[AI:fast_model_for_mcp]
Generate a full consolidated balance sheet for {company_name} / {isin_code_id} over all available years in the vector database.
Start by listing all the files in the vector store. Focus on the files of type 'Annual Report' and 'Balance' only. Use 'periods' to filter on the years.
Now look for the consolidated balance sheets in those files. Put special emphasis on the most recent years, you may look for a missing year up to 2 times, especially if they are recent.
Your final response should be one big table with the least recent year on the left and the most recent year on the right.

FYI: Today we are {today}
[[end:instruction]]

--- 4d. RAG: Cash Flow Statement ---
[[instruction:get_full_cash_flow_statement]]
[type:mcp]
[AI:fast_model_for_mcp]
Generate a full consolidated cash flow statement for {company_name} / {isin_code_id} over all available years in the vector database.
Start by listing all the files in the vector store. Focus on the files of type 'Annual Report' and 'Cash Flow' only. Use 'periods' to filter on the years.
Now look for the consolidated cash flow statements in those files. Put special emphasis on the most recent years, you may look for a missing year up to 2 times, especially if they are recent.
Your final response should be one big table with the least recent year on the left and the most recent year on the right.

FYI: Today we are {today}
[[end:instruction]]

--- RAG: Company Overview and Business Model ---
[[instruction:get_company_management]]
[type:mcp]
[AI:big_context_model_for_mcp]
[role: hedge_fund_analyst_role]
Conduct a thorough investigation into the executive management team of {company_name} / {isin_code_id}.
Use all tools available to you — including the vector store (annual reports) and web search. Start with the vector store to get the formal disclosures, then supplement with web searches to fill gaps and get the most current picture.

From the vector store:
Start by listing all the files in the vector store. Focus on the files of type 'Annual Report' only. Use 'periods' to filter on the most recent years available.
Search the annual reports for all information related to the executive management team (CEO, CFO, COO, and other C-suite or key executives), including compensation disclosures and shareholdings.

From the web:
Search for the latest information on {company_name}'s executive management. Annual reports may be outdated — web sources can reveal recent appointments, departures, controversies, or background details not found in filings. Search for executive biographies, LinkedIn profiles, news articles about management changes, and any recent interviews or conference appearances.
For each key executive, gather the following information:

Name and current position/title
Tenure — When did they join the company? When were they appointed to their current role?
Background — Professional history, prior companies, education, and relevant expertise
Career pattern — Are they long-term company insiders or frequent job changers?
Executive compensation — Total compensation, base salary, bonus, stock-based compensation, and any performance-linked incentives
Shareholdings — Number of shares held, percentage ownership, and any recent changes in holdings
Capital allocation track record — Any evidence of their approach to capital allocation decisions (acquisitions, dividends, buybacks, CapEx)
Reputation and public perception — Any notable news, controversies, or recognition
Be thorough. If a key executive was replaced during the period, note both the predecessor and successor.
Compile your findings into a comprehensive, structured overview of the executive management team.

FYI: Today we are: {today}
[[end:instruction]]

[[instruction:get_company_shareholder]]
[type:mcp]
[AI:big_context_model_for_mcp]
Regarding {company_name} ({isin_code_id}), provide a concise and structured overview of the ownership profile.

FYI: Today we are {today}.

When using the rag, prefer using the 'query' over the 'query_latest' endpoint. Look at the available documents and search then in the latest annual report (using the 'periods' & report_types=Annual Report parameter).
You may also use websearches.
Address the following:
Current shareholder structure:

List the top 5 institutional shareholders (include % ownership if available).
Indicate whether ownership is concentrated or widely dispersed.

Insider ownership:

% held by insiders (board members, executives).
Any notable insider stakes?

Founder / family ownership:

Is there a founding family involved?
% ownership and level of influence (board presence, voting control)?

Management ownership:

Does management hold a meaningful equity stake?
Aligns incentives? (brief comment)

Recent ownership developments:

Any significant stake changes in the past 12–24 months?
Ongoing or recent share buyback programs?
Conclude with a short, direct assessment of the ownership structure
(e.g., "Dominated by passive funds", "Founder-controlled",
"High insider alignment", "Dispersed institutional ownership").
Be factual and concise. If data is unavailable, state so explicitly.
[[end:instruction]]

[[instruction:current_trading]]
[type:mcp]
[AI:fast_model_for_mcp]
Note that today we are {today}.
Given the tools that are available to you, for {company_name} / {isin_code_id},
create a comprehensive report regarding the current trading of the company.

Besides the half-year & quarterly reports, don't forget to look into the earnings calls transcripts as well.

Your report should be structured as follows:
1. Headline Financial Results:
List the latest key reported metrics: Revenue, Net Income, and Earnings Per Share (EPS).
2. Growth Analysis (vs. Prior Periods):
State the Year-over-Year (YoY) growth/decline for the headline metrics.
State the Quarter-over-Quarter (QoQ) or sequential growth/decline, if data is available.
Conclude with a clear statement on whether growth accelerated or decelerated in this period.
3. Profitability & Margin Analysis:
Report the Gross, Operating, and Net Profit Margins for the period.
Compare these margins to the prior year period to identify if they are expanding or contracting.
IMPORTANT: Do NOT include any forward-looking statements, management guidance, or qualitative discussion about the future outlook. This prompt is strictly for analyzing historical, reported data.
[[end:instruction]]

[[instruction:find_current_valuation_data]]
[type:mcp]
[AI:fast_model_for_mcp]
For {company_name} / {isin_code_id}. Find the last available:
stock price
market capitalisation
analyst estimates
earnings guidance
Use the websearch functionality. 
FYI, today we are {today}.
[[end:instruction]]

=====================================================================
GENERAL COMPANY ANALYSIS
=====================================================================

[[instruction:get_company_history]]
[type:mcp]
[AI:big_context_model_for_mcp]
Identify sections in the financial reports & the internet that describe the the history, origin, and long-term evolution of {company_name} / {isin_code_id}.
Specifically look for:
founding history or early development ("our history", "since our founding", "origins")
descriptions of how the business has evolved over time
major strategic shifts, transformations, or repositioning
significant acquisitions, divestitures, restructurings, or portfolio changes
management reflections on past decisions and milestones
statements about the company's identity, culture, or long-term mission
How does the management reflect on past actions and explain how earlier strategic decisions have shaped the company today.
Prioritize narrative and reflective sections rather than pure financial tables.
When you have all the information.
Provide an analytical overview of the company's history.
Start with a brief overview of who the company is. What's the story behind its founding? Who are the founding fathers?
Summarize the key historical events, strategic decisions, and notable achievements that have shaped the company's development over time.
Focus on moments that materially influenced the company's current business model, competitive positioning, or market standing.
Include events that affected the company's culture, self-image, or how management describes the organization.
Where possible, attach approximate dates or time periods to each major event and clearly distinguish between long-term structural changes and more incremental developments.
The output should read as internal analytical research notes rather than presentation material. Use full sentences, yet, it should be fun and engaging to read. Always explain new terms introduced.

For your information, today we are {today}.
[[end:instruction]]

[[instruction:company_strategy]]
[type:mcp]
[AI:fast_model_for_mcp]
For {company_name} / {isin_code_id}.
Given the tools available to you.
Create:

Company Strategy Analysis Framework
1. Core Mission and Value Proposition

What is the company's stated mission or ultimate goal?
What fundamental value does it provide to its customers, and what problem does it solve?
2. Competitive Advantage (Economic Moat)
What is the company's primary competitive advantage?
Identify the source of this advantage (e.g., network effects, low-cost production, brand loyalty, high switching costs, intellectual property, etc.).
3. Key Strategic Pillars & Growth Levers
Identify the 2-4 main pillars or initiatives that form the core of the company's strategy (e.g., International Expansion, Product Innovation, Supply Chain Optimization, M&A).
For each pillar, briefly describe its objective and how it contributes to the overall mission.
4. Target Market and Positioning
Who are the company's primary customers or market segments?
How is the company positioned against its competitors (e.g., as a premium brand, a low-cost leader, a niche specialist)?
5. Strategic Risks
What are the most significant threats or risks to the successful execution of this strategy? (Consider competitive, technological, regulatory, and operational risks).

FYI: Today we are {today}.
[[end:instruction]]

[[instruction:conclusion_company_type]]
[type:prompt]
[AI:smart_model]
[role: senior_analyst_role]
[depends:get_company_shareholder,get_company_management, get_company_history, get_company_overview]
[input: get_company_shareholder,get_company_management, get_company_history, get_company_overview]
Write a conclusion that defines the Stewardship and Governance Profile of {company_name}. Synthesize the provided inputs to determine the company's fundamental character and how it is likely to be managed for the long term.
Your analysis must address the following key points:
Ownership Archetype & Influence: Based on the shareholder structure, is this a founder-led, family-controlled, institutionally-owned, or widely-held public company? What are the strategic implications of this structure? Are the key shareholders long-term partners focused on sustainable value creation (e.g., families, strategic investors) or are they more focused on short-term performance (e.g., activist funds, certain institutional holders)?
Management Quality & Alignment: Go beyond tenure. Assess the management team's quality based on their track record strategic execution, and operational discipline. Crucially, how aligned are they with shareholders? Is there significant "skin in the game" (i.e., substantial insider ownership)?
Synthesis: The Final Verdict on Company Type: Conclude by classifying {company_name} into a clear archetype that informs the investment thesis. For example, is it:
Long-Term Compounder: Characterized by a strong competitive moat, stable management, and a focus on reinvesting capital at high rates of return for durable, long-term growth. Think of it as a "slow and steady wins the race" company. 🐢
Founder's Vision: Driven by a dynamic, often majority-shareholder founder. The company culture prioritizes innovation, long-term vision, and market disruption, sometimes at the expense of short-term profitability.
Corporate Bureaucracy: A mature, large-cap company with dispersed ownership and professional (non-founder) management. It's often stable and predictable but can be slow to adapt, risk-averse, and burdened by internal politics.
Turnaround or Private Equity Play: An underperforming company with valuable core assets. The investment thesis is based on new management or an activist investor cutting costs, improving operations, and selling assets to unlock value for a near-term exit.
Serial Acquirer / Industry Roll-Up: Growth is primarily driven by acquiring other companies. A "roll-up" strategy specifically involves consolidating a fragmented industry to achieve economies of scale and market power.
Disruptive Innovator: A high-growth, often unprofitable company focused on creating a new market or upending an existing one with novel technology or a new business model. It's a high-risk, high-reward bet on the future. 🚀
Mature Cash Cow / Dividend Payer: Dominates a stable, slow-growth market. This company generates more cash than it needs for internal investment and prioritizes returning capital to shareholders through consistent dividends and stock buybacks.
Cyclical Player: Its performance is directly tied to the health of the broader economy or a specific industry cycle (e.g., housing, automotive, commodities). The strategy is to buy at the bottom of a cycle and sell at the top.
Hard Asset Play: The company's value is primarily based on tangible assets on its balance sheet, such as real estate, natural resources (oil, minerals), or infrastructure. Its value fluctuates with the market price of those underlying assets.
Binary Outcome Bet: Typically a pharmaceutical, biotech, or early-stage tech company whose future success hinges almost entirely on a single, make-or-break event, such as a clinical trial result, a patent approval, or a key contract win.
Regulated Stalwart: Operates in a heavily regulated industry like utilities, banking, or telecommunications. Profitability is often stable and predictable but capped by regulatory oversight. It offers safety but limited growth potential.
Sum-of-the-Parts / Spinoff Candidate: A conglomerate or diversified company whose individual business units would be worth more if they were independent. The investment thesis is that the market is undervaluing the company and a breakup or spinoff will unlock that hidden value.
Provide a final, bottom-line statement on whether the company's stewardship is a source of strength or a potential risk for investors.

FYI: Today we are {today}
[[end:instruction]]

[[instruction:get_full_segment_data]]
[type:prompt]
[AI:smart_model]
[depends: get_annual_segment_data, get_quarterly_segment_data]
[input: get_annual_segment_data, get_quarterly_segment_data]
Generate a full overview of the company's segment and regional data, including annual and quarterly data.
FYI: Today we are {today}
[[end:instruction]]

=====================================================================
 FINANCIAL STATEMENT ANALYSIS - INCOME STATEMENT
=====================================================================

[[instruction:analyse_income_statement]]
[type:prompt]
[AI:smart_model]
[role: hedge_fund_analyst_role]
[depends: get_full_income_statement]
[input: get_full_income_statement]
Objective: Interrogate the income statement of {company_name}. Your mission is to move beyond the reported numbers to rigorously assess the true quality and sustainability of its earnings. We need to identify the core operational drivers, expose any low-quality or non-recurring contributions, and challenge the management's narrative.
Core Task: Forensic Income Statement Interrogation
Layer 1: Quantitative Deconstruction
Dissect the financials. For each line item, perform a YoY and CAGR analysis. Any fluctuation over 10% YoY or a 2% margin shift is a "red flag" requiring mandatory investigation.

Revenue: Don't just accept the top line. Deconstruct it by segment and geography. Pinpoint the true drivers: is growth coming from volume, price, or currency fluctuations?
Gross Margin: Is margin expansion a result of durable competitive advantages (e.g., pricing power) or temporary tailwinds (e.g., falling input costs)?
Operating Expenses: Scrutinize SG&A and R&D as a percentage of revenue. Is the company demonstrating genuine operating leverage, or is it just cutting costs unsustainably?
Operating Income (EBIT): This is the core of the business. Isolate its performance from non-operational noise.
Earnings Quality: How much of the Net Income is real, recurring, operational profit versus one-offs, accounting changes, or non-cash items? Quantify this.
Layer 2: Causal Investigation
For every red flag identified in Layer 1, you must find the "why." Your investigation must triangulate evidence from:
MD&A: What is management's official story?
Financial Footnotes: Uncover the critical details management hopes you'll overlook (e.g., revenue recognition changes, impairment charges, restructuring costs).
Layer 3: Strategic Verdict
Synthesize your findings into a definitive, forward-looking view.
Core Profit Drivers: What are the 2-3 variables that truly determine this company's profitability?
Earnings Quality Score: Deliver a harsh verdict. Are the earnings high-quality and sustainable, or are they a mirage?
Hidden Risks: What are the biggest threats to future profitability that the market might be missing?
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:income_statement_questions_1]]
[type:prompt]
[AI:format_model]
[depends: analyse_income_statement]
[input:get_full_income_statement,analyse_income_statement]
Using the fully consolidated income statement and the initial income statement analysis, identify the 2 most significant year-over-year movements in the company's profitability and earnings structure. Focus strictly on the largest numerical changes (e.g., major increases/decreases in revenue, gross margin, EBITDA, operating income, net income, etc.).
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these movements.
Important constraints:
Do NOT generate RAG questions asking for data already present in the provided income statement.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q1", "question": "Specific question 1", "reason_for_question": "reason_1"},
{"id": "q2", "question": "Specific question 2", "reason_for_question": "reason_2"}
]
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:income_statement_questions_2]]
[type:prompt]
[AI:format_model]
[depends:income_statement_questions_1]
[input:get_full_income_statement,analyse_income_statement,income_statement_questions_1]
Using the fully consolidated income statement and the initial income statement analysis, generate 2 more targeted RAG questions about significant year-over-year movements in the company's profitability and earnings structure.
CRITICAL: The following questions have already been asked. You MUST NOT ask questions that cover the same income statement line items or movements. Pick entirely different movements:
{income_statement_questions_1}
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these NEW movements.
Important constraints:
Do NOT duplicate or overlap with any of the questions listed above.
Do NOT generate RAG questions asking for data already present in the provided income statement.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q3", "question": "Specific question 3", "reason_for_question": "reason_3"},
{"id": "q4", "question": "Specific question 4", "reason_for_question": "reason_4"}
]
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:income_statement_questions_3]]
[type:prompt]
[AI:format_model]
[depends:income_statement_questions_2]
[input:get_full_income_statement,analyse_income_statement,income_statement_questions_1,income_statement_questions_2]
Using the fully consolidated income statement and the initial income statement analysis, generate 2 more targeted RAG questions about significant year-over-year movements in the company's profitability and earnings structure.
CRITICAL: The following questions have already been asked. You MUST NOT ask questions that cover the same income statement line items or movements. Pick entirely different movements:
{income_statement_questions_1}
{income_statement_questions_2}
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these NEW movements.
Important constraints:
Do NOT duplicate or overlap with any of the questions listed above.
Do NOT generate RAG questions asking for data already present in the provided income statement.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q5", "question": "Specific question 5", "reason_for_question": "reason_5"},
{"id": "q6", "question": "Specific question 6", "reason_for_question": "reason_6"}
]
FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
5. INCOME STATEMENT MULTI API - SPLIT INTO 3 PARALLEL BLOCKS (2 Qs each)
=====================================================================
[[instruction:income_statement_multi_api_1]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: income_statement_questions_1,get_full_income_statement]
[input: income_statement_questions_1,get_full_income_statement]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:

Question: The original question clearly in full sentences. Always mention what period your question is concerned. E.g., 2024, Q1 2025, ...
Reason: State the reason for asking the question clearly.
Answer: Provide a direct, data-driven answer.
Sufficiency: Assess whether the retrieved information was sufficient to fully answer your question. If not, state what information is still missing.
Materiality: Is the information material? How sure are you about this?
Conclude with a brief assessment of the effectiveness of your investigation for these 2 questions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:income_statement_multi_api_2]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: income_statement_questions_2,get_full_income_statement]
[input: income_statement_questions_2,get_full_income_statement]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:
Question: The original question clearly in full sentences. Always mention what period your question is concerned. E.g., 2024, Q1 2025, ...
Reason: State the reason for asking the question clearly.
Answer: Provide a direct, data-driven answer.
Sufficiency: Assess whether the retrieved information was sufficient to fully answer your question. If not, state what information is still missing.
Materiality: Is the information material? How sure are you about this?
Conclude with a brief assessment of the effectiveness of your investigation for these 2 questions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:income_statement_multi_api_3]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: income_statement_questions_3,get_full_income_statement]
[input: income_statement_questions_3,get_full_income_statement]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:
Question: The original question clearly in full sentences. Always mention what period your question is concerned. E.g., 2024, Q1 2025, ...
Reason: State the reason for asking the question clearly.
Answer: Provide a direct, data-driven answer.
Sufficiency: Assess whether the retrieved information was sufficient to fully answer your question. If not, state what information is still missing.
Materiality: Is the information material? How sure are you about this?
Conclude with a brief assessment of the effectiveness of your investigation for these 2 questions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:summarize_income_statement_analysis]]
[type:prompt]
[AI:smart_model]
[role: senior_analyst_role]
[depends: analyse_income_statement, income_statement_multi_api_1, income_statement_multi_api_2, income_statement_multi_api_3, get_full_income_statement]
[input: analyse_income_statement, income_statement_multi_api_1, income_statement_multi_api_2, income_statement_multi_api_3, get_full_income_statement]
As the Senior Analyst, create the definitive conclusion for the Income Statement analysis. Synthesize the initial forensic analysis of the company's profitability and earnings quality with the targeted insights from the RAG Q&A summary.
Your summary must:
Open with a Verdict: Start with a clear, concise judgment on the company's profitability and earnings quality over the period. Is the earnings power a source of strength or concern?
Integrate Key Findings: Weave together the most critical trends from the initial analysis (e.g., margin trends, operating leverage) with the specific explanations uncovered by the RAG process (e.g., why margins compressed, what drove the revenue surprise, the nature of non-recurring items).
Answer "So What?": Go beyond describing the numbers. Explain the strategic implications of the findings. Is the company successfully executing its strategy? Is its profitability sustainable?
Identify Lingering Questions: Highlight any critical questions about earnings quality or profitability that remain unanswered.
The output should be a sharp, conclusive narrative that provides the Portfolio Manager with everything they need to know about the company's earnings power and quality. It is essential that you use full sentences. The report should be story focused and engaging to read.
At the end, in the appendix place the fully extracted consolidated income statement.
FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
21. FINANCIAL STATEMENT ANALYSIS - BALANCE SHEET
=====================================================================
[[instruction:analyse_balance_sheet]]
[type:prompt]
[AI:smart_model]
[role: hedge_fund_analyst_role]
[depends: get_full_balance_sheet]
[input: get_full_balance_sheet]
Objective: Stress-test the balance sheet of {company_name}. Our goal is to assess its resilience, identify hidden risks, and evaluate the discipline of management's capital allocation. A company's strategy is ultimately written on its balance sheet; we must determine if it's a story of strength or fragility.
Core Task: Balance Sheet Stress Test
Layer 1: Structural Analysis
Perform a quantitative deep-dive. Any change over 15% YoY or a 3% shift in common-size percentage is a "red flag" requiring mandatory investigation.

Common-Size Analysis: Express every line item as a % of total assets. How has the composition of assets (e.g., productive assets vs. goodwill) and liabilities (e.g., debt vs. equity) evolved?
Liquidity: Scrutinize the Current and Quick Ratios. Is the company's short-term health improving or deteriorating?
Solvency & Leverage: Interrogate the Debt-to-Equity and Debt-to-Assets ratios. How much risk is management taking?
Asset Quality: Pay special attention to Goodwill and Intangibles. What is the risk of a future write-down?
Layer 2: Causal Investigation
For every red flag, uncover the specific business decisions behind the numbers. Use the Financial Footnotes to find the facts.
Assets: What specific acquisitions drove up goodwill? What major CapEx projects are behind the PP&E increase?
Liabilities: What are the exact terms (covenants, rates, maturities) of new debt?
Equity: How much was spent on share buybacks and at what average price? Was it a smart use of capital?
Layer 3: Strategic Verdict
Synthesize your findings into a definitive judgment on the company's financial foundation.
Financial Fortress or House of Cards? Deliver a clear verdict on the balance sheet's strength.
Capital Allocation Grade: Assign a grade (A-F) to management's capital allocation strategy. Is it disciplined and value-accretive or reckless and empire-building?
Forward-Looking Risk: What is the single biggest balance sheet risk facing the company over the next 3 years?
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:balance_sheet_questions_1]]
[type:prompt]
[AI:format_model]
[depends: analyse_balance_sheet]
[input:get_full_balance_sheet,analyse_balance_sheet]
Using the fully consolidated balance sheet and the initial balance sheet analysis, identify the 2 most significant year-over-year movements in the company's financial structure. Focus strictly on the largest numerical changes (e.g., major increases/decreases in cash, inventory, PPE, debt, payables, equity, etc.).
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these movements.
Important constraints:
Do NOT generate RAG questions asking for data already present in the provided balance sheet.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, maturity schedules, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q1", "question": "Specific question 1", "reason_for_question": "reason_1"},
{"id": "q2", "question": "Specific question 2", "reason_for_question": "reason_2"}
]
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:balance_sheet_questions_2]]
[type:prompt]
[AI:format_model]
[depends:balance_sheet_questions_1]
[input:get_full_balance_sheet,analyse_balance_sheet,balance_sheet_questions_1]
Using the fully consolidated balance sheet and the initial balance sheet analysis, generate 2 more targeted RAG questions about significant year-over-year movements in the company's financial structure.
CRITICAL: The following questions have already been asked. You MUST NOT ask questions that cover the same balance sheet line items or movements. Pick entirely different movements:
{balance_sheet_questions_1}
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these NEW movements.
Important constraints:
Do NOT duplicate or overlap with any of the questions listed above.
Do NOT generate RAG questions asking for data already present in the provided balance sheet.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, maturity schedules, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q3", "question": "Specific question 3", "reason_for_question": "reason_3"},
{"id": "q4", "question": "Specific question 4", "reason_for_question": "reason_4"}
]
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:balance_sheet_questions_3]]
[type:prompt]
[AI:format_model]
[depends:balance_sheet_questions_2]
[input:get_full_balance_sheet,analyse_balance_sheet,balance_sheet_questions_1,balance_sheet_questions_2]
Using the fully consolidated balance sheet and the initial balance sheet analysis, generate 2 more targeted RAG questions about significant year-over-year movements in the company's financial structure.
CRITICAL: The following questions have already been asked. You MUST NOT ask questions that cover the same balance sheet line items or movements. Pick entirely different movements:
{balance_sheet_questions_1}
{balance_sheet_questions_2}
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these NEW movements.
Important constraints:
Do NOT duplicate or overlap with any of the questions listed above.
Do NOT generate RAG questions asking for data already present in the provided balance sheet.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, maturity schedules, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q5", "question": "Specific question 5", "reason_for_question": "reason_5"},
{"id": "q6", "question": "Specific question 6", "reason_for_question": "reason_6"}
]
FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
5. BALANCE SHEET MULTI API - SPLIT INTO 3 PARALLEL BLOCKS (2 Qs each)
=====================================================================
[[instruction:balance_sheet_multi_api_1]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: balance_sheet_questions_1,get_full_balance_sheet]
[input: balance_sheet_questions_1,get_full_balance_sheet]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:

[[instruction:balance_sheet_multi_api_2]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: balance_sheet_questions_2,get_full_balance_sheet]
[input: balance_sheet_questions_2,get_full_balance_sheet]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:
Question: The original question clearly in full sentences. Always mention what period your question is concerned. E.g., 2024, Q1 2025, ...
Reason: State the reason for asking the question clearly.
Answer: Provide a direct, data-driven answer.
Sufficiency: Assess whether the retrieved information was sufficient to fully answer your question. If not, state what information is still missing.
Materiality: Is the information material? How sure are you about this?
Conclude with a brief assessment of the effectiveness of your investigation for these 2 questions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:balance_sheet_multi_api_3]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: balance_sheet_questions_3,get_full_balance_sheet]
[input: balance_sheet_questions_3,get_full_balance_sheet]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:
Question: The original question clearly in full sentences. Always mention what period your question is concerned. E.g., 2024, Q1 2025, ...
Reason: State the reason for asking the question clearly.
Answer: Provide a direct, data-driven answer.
Sufficiency: Assess whether the retrieved information was sufficient to fully answer your question. If not, state what information is still missing.
Materiality: Is the information material? How sure are you about this?
Conclude with a brief assessment of the effectiveness of your investigation for these 2 questions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:summarize_balance_sheet_analysis]]
[type:prompt]
[AI:smart_model]
[role: senior_analyst_role]
[depends: analyse_balance_sheet, balance_sheet_multi_api_1, balance_sheet_multi_api_2, balance_sheet_multi_api_3, get_full_balance_sheet]
[input: analyse_balance_sheet, balance_sheet_multi_api_1, balance_sheet_multi_api_2, balance_sheet_multi_api_3, get_full_balance_sheet]
As the Senior Analyst, create the definitive conclusion for the Balance Sheet analysis. Synthesize the initial forensic analysis of the company's financial structure with the targeted insights from the RAG Q&A summary.
Your summary must:
Open with a Verdict: Start with a clear judgment on the company's financial health and stability. Is the balance sheet a source of strength or risk?
Integrate Key Findings: Weave together the most critical trends from the initial analysis (e.g., liquidity trends, debt leverage) with the specific explanations uncovered by the RAG process (e.g., why goodwill increased, the terms of new debt).
Answer "So What?": Explain the strategic implications. How does the company's capital structure support its strategy? Is its approach to capital allocation (e.g., buybacks vs. capex) creating value?
Identify Lingering Questions: Highlight any critical balance sheet risks or questions that remain unanswered.
The output should be a sharp, conclusive narrative that informs the Portfolio Manager's view on the company's solvency and financial resilience. It is essential that you use full sentences. The report should be story focused and engaging to read.
At the end, in the appendix place the fully extracted consolidated balance sheet.
FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
22. FINANCIAL STATEMENT ANALYSIS - CASH FLOW STATEMENT
=====================================================================
[[instruction:analyse_cash_flow_statement]]
[type:prompt]
[AI:smart_model]
[role: hedge_fund_analyst_role]
[depends: get_full_cash_flow_statement]
[input: get_full_cash_flow_statement]
Objective: Treat the cash flow statement as the ultimate litmus test of {company_name}'s health. Earnings can be managed, but cash is fact. Our objective is to determine if this business is a genuine cash-generating machine or if it's burning through capital to sustain an illusion of growth.
Core Task: Cash Flow Reality Check
Layer 1: Quantitative Cash Flow Analysis
Analyze the cash flows with extreme skepticism. Any major deviation between cash flow and net income is a "red flag" requiring mandatory investigation.

Cash Flow from Operations (CFO): This is the lifeblood. How does it compare to Net Income? A significant gap is a major warning. Scrutinize changes in Working Capital—is the company funding growth by stretching its payables or is inventory bloating?
Capital Expenditures (CapEx): Is the company investing enough to maintain its competitive position (maintenance CapEx)? How much is being spent on growth (growth CapEx)? Is this spending generating adequate returns?
Free Cash Flow (FCF): Calculate FCF (CFO - CapEx). This is the cash available to owners. Is it positive, growing, and predictable?
Cash Flow from Financing (CFF): Where is the cash coming from? Is the company self-funding through operations, or is it dependent on debt and equity markets?
Layer 2: Causal Investigation
For every major cash movement, find the underlying business driver. Use the MD&A and footnotes to understand the story behind the numbers. Why did receivables jump? What specific asset was sold? What were the proceeds from a specific debt issuance?
Layer 3: Strategic Verdict
Conclude with a blunt assessment of the company's cash flow profile.
Cash Generation Quality: Is the company a true cash compounder, or is its cash flow lumpy and unreliable?
Capital Allocation Verdict: Is management a disciplined allocator of capital, or are they squandering FCF on low-return projects or ill-timed buybacks?
Financial Sustainability: Is the company capable of funding its operations and growth internally, or is it reliant on external capital? This is a critical question.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:cash_flow_questions_1]]
[type:prompt]
[AI:format_model]
[depends: analyse_cash_flow_statement]
[input:get_full_cash_flow_statement,analyse_cash_flow_statement]
Using the fully consolidated cash flow statement and the initial cash flow analysis, identify the 2 most significant year-over-year movements in the company's cash generation and usage. Focus strictly on the largest numerical changes (e.g., major increases/decreases in operating cash flow, CapEx, acquisitions, debt proceeds/repayments, dividends, working capital swings, etc.).
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these movements.
Important constraints:
Do NOT generate RAG questions asking for data already present in the provided cash flow statement.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q1", "question": "Specific question 1", "reason_for_question": "reason_1"},
{"id": "q2", "question": "Specific question 2", "reason_for_question": "reason_2"}
]
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:cash_flow_questions_2]]
[type:prompt]
[AI:format_model]
[depends:cash_flow_questions_1]
[input:get_full_cash_flow_statement,analyse_cash_flow_statement,cash_flow_questions_1]
Using the fully consolidated cash flow statement and the initial cash flow analysis, generate 2 more targeted RAG questions about significant year-over-year movements in the company's cash generation and usage.
CRITICAL: The following questions have already been asked. You MUST NOT ask questions that cover the same cash flow line items or movements. Pick entirely different movements:
{cash_flow_questions_1}
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these NEW movements.
Important constraints:
Do NOT duplicate or overlap with any of the questions listed above.
Do NOT generate RAG questions asking for data already present in the provided cash flow statement.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q3", "question": "Specific question 3", "reason_for_question": "reason_3"},
{"id": "q4", "question": "Specific question 4", "reason_for_question": "reason_4"}
]
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:cash_flow_questions_3]]
[type:prompt]
[AI:format_model]
[depends:cash_flow_questions_2]
[input:get_full_cash_flow_statement,analyse_cash_flow_statement,cash_flow_questions_1,cash_flow_questions_2]
Using the fully consolidated cash flow statement and the initial cash flow analysis, generate 2 more targeted RAG questions about significant year-over-year movements in the company's cash generation and usage.
CRITICAL: The following questions have already been asked. You MUST NOT ask questions that cover the same cash flow line items or movements. Pick entirely different movements:
{cash_flow_questions_1}
{cash_flow_questions_2}
Then generate targeted, neutral RAG questions that retrieve additional supporting data from the annual reports that would help quantify or clarify these NEW movements.
Important constraints:
Do NOT duplicate or overlap with any of the questions listed above.
Do NOT generate RAG questions asking for data already present in the provided cash flow statement.
If all necessary data for a movement is fully available, generate RAG questions aimed at retrieving supporting figures that could help understand the drivers (e.g., breakdowns, segment details, footnote disclosures), but never ask "why" and never ask for explanations, only for concrete data.
Ask only for objective numerical or factual disclosures contained in the annual report.
Generate exactly 2 questions. Always mention what period your question is concerned.
Output as a JSON array in this exact format:
[
{"id": "q5", "question": "Specific question 5", "reason_for_question": "reason_5"},
{"id": "q6", "question": "Specific question 6", "reason_for_question": "reason_6"}
]
FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
5. CASH FLOW MULTI API - SPLIT INTO 3 PARALLEL BLOCKS (2 Qs each)
=====================================================================
[[instruction:cash_flow_multi_api_1]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: cash_flow_questions_1,get_full_cash_flow_statement]
[input: cash_flow_questions_1,get_full_cash_flow_statement]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:

[[instruction:cash_flow_multi_api_2]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: cash_flow_questions_2,get_full_cash_flow_statement]
[input: cash_flow_questions_2,get_full_cash_flow_statement]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:
Question: The original question clearly in full sentences. Always mention what period your question is concerned. E.g., 2024, Q1 2025, ...
Reason: State the reason for asking the question clearly.
Answer: Provide a direct, data-driven answer.
Sufficiency: Assess whether the retrieved information was sufficient to fully answer your question. If not, state what information is still missing.
Materiality: Is the information material? How sure are you about this?
Conclude with a brief assessment of the effectiveness of your investigation for these 2 questions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:cash_flow_multi_api_3]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends: cash_flow_questions_3,get_full_cash_flow_statement]
[input: cash_flow_questions_3,get_full_cash_flow_statement]
Start digging into the 2 questions below that need to be clarified by using the tools available to you.
For querying the rag please use the company name: {company_name} or isin code: {isin_code} as identifier.
For each question:
Question: The original question clearly in full sentences. Always mention what period your question is concerned. E.g., 2024, Q1 2025, ...
Reason: State the reason for asking the question clearly.
Answer: Provide a direct, data-driven answer.
Sufficiency: Assess whether the retrieved information was sufficient to fully answer your question. If not, state what information is still missing.
Materiality: Is the information material? How sure are you about this?
Conclude with a brief assessment of the effectiveness of your investigation for these 2 questions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:summarize_cash_flow_analysis]]
[type:prompt]
[AI:smart_model]
[role: senior_analyst_role]
[depends: analyse_cash_flow_statement, cash_flow_multi_api_1, cash_flow_multi_api_2, cash_flow_multi_api_3, get_full_cash_flow_statement]
[input: analyse_cash_flow_statement, cash_flow_multi_api_1, cash_flow_multi_api_2, cash_flow_multi_api_3, get_full_cash_flow_statement]
As the Senior Analyst, create the definitive conclusion for the Cash Flow Statement analysis. Synthesize the initial forensic analysis of the company's cash generation with the targeted insights from the RAG Q&A summary.
Your summary must:
Open with a Verdict: Start with a clear judgment on the company's ability to generate cash and its capital allocation effectiveness. Is the cash flow profile a source of strength or risk?
Integrate Key Findings: Weave together the most critical trends from the initial analysis (e.g., FCF conversion, working capital drag) with the specific explanations uncovered by the RAG process (e.g., why inventories increased, what major projects comprised CapEx, the terms of financing activities).
Answer "So What?": Explain the strategic implications. Is the company's cash flow profile consistent with a business with a durable competitive advantage? Does its capital allocation strategy maximize long-term value?
Identify Lingering Questions: Highlight any critical cash flow risks or questions that remain unanswered.
The output should be a sharp, conclusive narrative that informs the Portfolio Manager's view on the company's financial lifeblood. It is essential that you use full sentences. The report should be story focused and engaging to read.
At the end, in the appendix place the fully extracted consolidated cash flow statement.
FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
23. FINANCIAL RATIO ANALYSIS
=====================================================================
[[instruction:calculate_financial_ratios]]
[type:prompt]
[AI:format_model]
[role: hedge_fund_analyst_role]
[depends: get_full_balance_sheet, get_full_income_statement, get_full_cash_flow_statement]
[input: get_full_balance_sheet, get_full_income_statement, get_full_cash_flow_statement]
Using the provided financial statements, calculate the following key financial ratios for all available years. Present the results in a table, including a column indicating whether the ratio's trend is an improvement, worsening, or neutral compared to the prior year.
Ratios to Calculate:

Return on Equity (ROE): Net Profit / Shareholders' Equity
Gross Profit Margin: Gross Profit / Revenue
Operating Profit Margin: Operating Profit (EBIT) / Revenue
Net Profit Margin: Net Profit / Revenue
Revenue Growth Rate: (Current Year Revenue - Previous Year Revenue) / Previous Year Revenue
Earnings Growth Rate: (Current Year Net Profit - Previous Year Net Profit) / Previous Year Net Profit
Return on Assets (ROA): Net Profit / Total Assets
Asset Turnover Ratio: Revenue / Total Assets
Fixed Asset Turnover Ratio: Revenue / Fixed Assets
Inventory Turnover Ratio: Cost of Goods Sold / Average Inventory
Working Capital Ratio: Current Assets / Current Liabilities
Quick Ratio: (Current Assets - Inventory) / Current Liabilities
Operating Expense Ratio: Operating Expenses / Revenue
Dividend Payout Ratio: Dividends Paid / Net Profit
Free Cash Flow Yield: Free Cash Flow / Market Capitalization
write a conclusion whether this company is in good financial health.
Conclude with a direct, opinionated assessment of the company's overall financial health based strictly on these ratio trends.

FYI: Today we are: {today}
[[end:instruction]]

[[instruction:calculate_debt_ratios]]
[type:prompt]
[AI:format_model]
[role: hedge_fund_analyst_role]
[depends: get_full_balance_sheet, get_full_income_statement, get_full_cash_flow_statement]
[input: get_full_balance_sheet, get_full_income_statement, get_full_cash_flow_statement]
Using the financial data provided in the {company_name}'s annual reports, calculate the ratio's below for the available years. Present the results in one summary table and indicate whether each ratio has improved or worsened compared to the previous year.
Ratios to Calculate:
Debt-to-Equity Ratio: Total Debt / Shareholders' Equity
Debt-to-Assets Ratio: Total Debt / Total Assets
Interest Coverage Ratio: EBIT / Interest Expense
Fixed-Charge Coverage Ratio: (EBIT + Lean Payments) / (Interest Expense + Lease Payments)
Net Debt-to-EBITDA Ratio: (Total Debt - Cash) / EBITDA
Long-Term Debt-to-Total Capital Ratio: Long-Term Debt / (Long-Term Debt + Shareholders' Equity)
Conclude whether the company has an active risk of not meeting it's debt obligations.

FYI: Today we are: {today}
[[end:instruction]]

[[instruction:calculate_return_ratios]]
[type:prompt]
[AI:format_model]
[role: hedge_fund_analyst_role]
[depends: get_full_balance_sheet, get_full_income_statement, get_full_cash_flow_statement]
[input: get_full_balance_sheet, get_full_income_statement, get_full_cash_flow_statement]

Owner earnings
Using the financial data provided in the {company_name}'s annual report, calculate the Owner Earnings using the following formula:
Focus on the most recent year
Owner Earnings = Net Profit (Reported Earnings) + Non-Cash Charges - Maintenance Capital Expenditures (CapEx)
Where:

Net Profit (Reported Earnings): This is the company's profit after taxes and all expenses, typically found in the income statement.
Non-Cash Charges: These include depreciation, amortization, and other non-cash expenses. They can usually be found in the cash flow statement or derived as:
Non-Cash Charges = EBITDA - EBIT
Maintenance Capital Expenditures (CapEx): These are the expenditures required to sustain the company's ongoing operations and competitive position. This amount is usually smaller than the total capex, as this includes growth capex as well.
Task:
Extract the relevant figures for each component from the report.
Perform the calculation to derive the Owner Earnings.
If Maintenance CapEx is not explicitly stated, infer or estimate a reasonable value based on the company's operations and notes in the financial report.

Return on Capital Employed
Using the financial data provided in the company's annual report, calculate the Return on Capital Employed (ROCE) using the following formula:
ROCE = Operating Profit (EBIT) / Capital Employed
Where:

Operating Profit (EBIT): This is the earnings before interest and taxes, typically found in the income statement.
Capital Employed: This is calculated as:

Capital Employed = (Fixed Assets - Goodwill) + (Current Assets - Cash) - Current Liabilities`

Fixed Assets: Includes property, plant, and equipment (PPE) and other long-term operational assets.
Goodwill: Should be excluded unless it directly contributes to the company's profitability (e.g., through acquired brands or synergies).
Cash: Exclude cash unless it is an integral part of working capital used in operations.
Current Assets: Includes inventories, receivables, and other operational assets, excluding cash.
Current Liabilities: Includes short-term obligations such as payables and accruals.
Task:

Extract the EBIT, Fixed Assets, Goodwill, Current Assets, Cash, and Current Liabilities from the annual report.
Calculate the Capital Employed using the above formula.
Compute ROCE using the provided formula.
If any components (e.g., goodwill or cash treatment) are unclear, make reasonable assumptions and document them.
Note:

Exclude non-operational financial assets unless they directly contribute to operations.
Exclude goodwill and cash unless they are critical to the company's ongoing profitability.

FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
24. FINAL FINANCIAL SUMMARY
=====================================================================
[[instruction:conclusion_financial_analysis]]
[type:prompt]
[AI:smart_model]
[role: portfolio_manager_role]
[depends: summarize_income_statement_analysis, summarize_balance_sheet_analysis, summarize_cash_flow_analysis, calculate_financial_ratios, calculate_debt_ratios, calculate_return_ratios]
[input: summarize_income_statement_analysis, summarize_balance_sheet_analysis, summarize_cash_flow_analysis, calculate_financial_ratios, calculate_debt_ratios, calculate_return_ratios]
As the Portfolio Manager, you have been presented with the complete, RAG-enhanced financial analysis of {company_name}, including the senior analyst's summaries of the income statement, balance sheet, and cash flow, plus all ratio analyses. It is time to make a decision.
Your task is to provide the final, actionable conclusion based on the entirety of this financial diligence. Structure your response to answer these four questions directly and without fluff:

Thesis Integrity: Based on this deep financial dive, is our original investment thesis still intact, has it been strengthened, or is it showing signs of erosion? Be specific about which financial evidence supports this conclusion.
The Information Delta: What is the single most important financial insight we've gained from this analysis? How does this "delta" change our forward-looking view of the business's earnings power, risk profile, or quality?
Relative Conviction: How does this company's financial profile—profitability, stability, and cash generation—now stack up against other holdings in our portfolio? Is this still a top-tier allocation, or has its position weakened?
Actionable Conclusion: What is our decision? State it clearly: Maintain Position, Increase Position, Trim Position, or Exit Position. Justify your decision with the most critical financial evidence from the reports.

FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
40. COMPANY OUTLOOK
=====================================================================

[[instruction:news_summary]]
[type:mcp]
[AI:fast_model_for_mcp]
Find the financial news of {company_name} / {isin_code_id}.
Summarize
The 3–5 most important news items.
For each, state whether this is positive for the company (tailwind) or negative (headwind)—be explicit, don't hedge.
Read carefully, companies might put out news that reads good, but might not be great underneath.
Do not make up information.
No exceptions.
FYI: Today we are: {today}
[[end:instruction]]

[[instruction:earnings_call]]
[type:mcp]
[server:sp]
[AI:fast_model_for_mcp]
Get the latest available transcript for {company_name} / {isin_code_id}.
It is possible that there is no earnings call available (because the database doesn't contain one), in that case just state 'no earnings call included'.
Complete the following tasks in clear English:
Summarize the key financial and strategic points. Include the period in the top of your answer.
Assess the overall tone (e.g., confident, cautious, evasive) and indicate whether management signals a positive or negative outlook.
List all forward-looking statements or management guidance (quote verbatim where possible), including revenue, margin, or growth outlooks.
Identify the main themes, recurring topics, and external pressures discussed.
If the transcript distinguishes between prepared remarks and Q&A, provide a separate analysis for each, noting any change in tone, hesitations, or clarifications.
Highlight any statements that could influence the share price in the short to medium term (actionable insights).
Do not invent content.

FYI: Today we are: {today}
[[end:instruction]]

[[instruction:recent_outlook]]
[type:mcp]
[AI:big_context_model_for_mcp]
[role:financial_analyst_role]
Look for the most recent trading update or results report for {company_name} / {isin_code_id}.
Look in the most relevant financial reports available. Also search the internet.

For your information, today we are {today}.

Structure your response with the following sections:
1. Formal Management Guidance (Quantitative):

List or quote verbatim any specific financial targets provided for the next quarter or full year (e.g., revenue ranges, margin targets, EPS forecasts).
If no specific numbers are given, state "No formal quantitative guidance was provided."
2. Management Commentary on the Future (Qualitative):
Summarize management's overall tone regarding the future (e.g., confident, cautious, optimistic).
Detail their expectations for market conditions, customer demand, and the macroeconomic environment.
3. Future Catalysts & Strategic Priorities:
Identify any upcoming opportunities, product launches, or positive drivers mentioned by management.
List the key strategic initiatives the company will focus on in the coming periods.
4. Identified Headwinds & Risks:
List the primary challenges, risks, or negative pressures that management expects to face in the future.
IMPORTANT: Do NOT discuss the financial results of the period that was just reported (e.g., past revenue or profit). This prompt is strictly for analyzing the company's future outlook.
If no report is provided, reply only: NO OUTLOOK REPORT PROVIDED.

[[end:instruction]]

[[instruction:conclusion_outlook]]
[type:prompt]
[AI:smart_model]
[role: senior_analyst_role]
[depends: recent_outlook, current_trading, news_summary, earnings_call]
[input: recent_outlook, current_trading, news_summary, earnings_call]
Included is a summary of the latest earnings call for {company_name} and a scan of the most significant financial news from the last 3 months. It is possible that the earnings call is much older than the news and no newer earnings calls are included in the database. In that case, give low importance to the earnings call.

Task:
Combine the information from the earnings call and the news scan.

Identify the key financial developments (not marketing fluff, not HR reshuffles—only what actually impacts the company's financials).

Make a direct, unambiguous assessment:
Is this company currently facing serious structural problems, or is it enjoying clear tailwinds?
Justify your answer with specific evidence from the information provided. Skip the speculation, skip the fence-sitting.
Be critical, some companies put out better news than the numbers, read carefully.
If either the earnings call summary or relevant news is missing, just state so—don't fill in the blanks.
Only comment on the outlook of the company and the data provided, no other judgement needs to be made.
No inventions, no padding.

FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
60. COMPANY STRATEGY
=====================================================================
[[instruction:strategic_position]]
[type:prompt]
[AI:smart_model]
[role: hedge_fund_analyst_role]
[depends: get_company_overview, calculate_return_ratios, analyse_income_statement, conclusion_outlook]
[input: get_company_overview, company_strategy, calculate_return_ratios, analyse_income_statement, conclusion_outlook]
Do the return ratios, the company summary and the company strategy indicate a clear strategic advantage ?
is the company able to grow and expand using it's strategic advantages ?

FYI: Today we are: {today}
[[end:instruction]]

[[instruction:seven_powers_analysis]]
[type:prompt]
[AI:smart_model]
[role: hedge_fund_analyst_role]
[depends: get_company_overview, strategic_position]
[input: get_company_overview, company_strategy, strategic_position]
7 Powers
"As our AI financial analyst, your task is to evaluate the company across the seven Hamilton powers, scoring each power on a scale of 1-10 (with 10 being the highest). For any dimension where the company does not exhibit significant strength, please return a score of 0.. Your analysis will help us determine the company's potential for creating persistent differential returns and maintaining a durable competitive advantage.
Explanation of the Seven Hamilton Powers:

Scale Economies:

Definition: A business where per-unit costs decline as volume increases.
Benefit: Reduced costs.
Barrier: Prohibitive costs of share gains.

Network Economies:

Definition: A business where the value realized by a customer increases as the user base grows.
Benefit: Ability to charge higher prices or monetize more due to additional value created.
Barrier: Hard to gain market share as users don't want to switch due to lower value provided.

Counter Positioning:

Definition: A business adopts a new, superior business model that incumbents cannot mimic due to anticipated cannibalization of their existing business.
Benefit: Lower costs and/or higher prices due to a more valuable product.
Barrier: Cannibalization of existing business.

Switching Costs:

Definition: A business where customers expect a greater loss than the value they gain from switching to an alternative.
Benefit: Ability to charge higher prices for the same product.
Barrier: Competitors have to compensate the customer to switch.

Branding:

Definition: A business that enjoys a higher perceived value compared to an objectively identical offering due to historical information about them.
Benefit: Ability to charge higher prices due to perceived higher quality or reduced uncertainty.
Barrier: The significant time and uncertainty needed to build a brand.

Cornered Resource:

Definition: A business that has preferential access to a coveted resource that independently enhances value.
Benefit: Ability to charge higher prices, reduce costs, or create better products due to access to a cornered resource.
Barrier: Ranges from property and patent law to personal preference, e.g., retention of key talent.

Process Power:

Definition: A business whose organization and activity set enables lower costs and/or superior products that can only be matched by an extended commitment.
Benefit: Improved product and/or lower costs due to superior processes.
Barrier: The significant time and/or investment needed to create the process.

FYI: Today we are: {today}
[[end:instruction]]

[[instruction:comparable_companies]]
[type:mcp]
[AI:big_context_model_for_mcp]
[role: hedge_fund_analyst_role]
[depends:get_company_overview]
[input: get_company_overview]
Task: Identify comparable public companies.
Based on the web search results, list the top 5 direct public competitors or comparable companies .
Provide a brief (1-2 sentence) explanation for why each is a valid comparable.

Generate a table with the comparable companies and rank each company according to the seven powers.

FYI: Today we are: {today}
[[end:instruction]]

[[instruction:conclusion_strategic]]
[type:prompt]
[AI:smart_model]
[role: senior_analyst_role]
[depends: get_company_overview, strategic_position, seven_powers_analysis, comparable_companies]
[input: get_company_overview, strategic_position, seven_powers_analysis, comparable_companies]
Generate a conclusive Strategic Moat Assessment for the company. Your analysis must synthesize all provided inputs to determine if the company possesses durable competitive advantages as defined by Hamilton Helmer's "Seven Powers" framework.
Your conclusion must be structured to answer the following critical questions:
Moat Identification & Strength: Does the company currently exhibit any of the Seven Powers (Scale Economies, Network Effects, Switching Costs, Branding, Counter-Positioning, Cornered Resource, Process Power)? Identify the primary power(s) at play. Crucially, benchmark these powers against the key competitors. Is the company's moat wider, deeper, or fundamentally different from its peers, or are its advantages merely table stakes for the industry?
Moat Trajectory & Durability: Is the company's competitive moat widening, stable, or shrinking? For a smaller company, is there clear evidence it is actively building a durable power that is not yet fully mature? What are the key threats that could erode its current or future advantages?
Financial Manifestation & Final Verdict: How do these strategic qualities translate into financial performance? Connect the identified "Powers" to the company's ability to generate (or its potential to generate) superior, sustainable returns on invested capital (ROIC) and strong free cash flow margins. Conclude with a definitive classification that summarizes the investment thesis:
Is this a "Wide-Moat Compounder" with established, durable advantages that protect its high returns?
Is this an "Emerging Moat" with a clear path to developing a powerful competitive advantage and becoming a future cash flow generator?
Or, is this a "No-Moat" business competing in a crowded field with no unique strategic qualities, destined for "middle of the pack" returns?

FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
70. COMPANY VALUATION
=====================================================================
[[instruction:conclusion_valuation]]
[type:mcp]
[AI:fast_model_for_mcp]
[role: senior_analyst_role]
[depends: get_full_income_statement, get_full_balance_sheet, find_current_valuation_data, comparable_companies]
[input: get_full_income_statement, get_full_balance_sheet, find_current_valuation_data, comparable_companies]
Task: Perform a valuation analysis.

Company Value: Using current data from the web search and financial statements, state the Market Cap and calculate the Enterprise Value (EV).
Valuation Ratios: Calculate current valuation ratios (EV/EBITDA, EV/EBIT, P/E, P/BV).
Peer Valuation: Create a table comparing these ratios against the competitors identified earlier. Instruct the AI to perform the necessary searches for peer data if not readily available in the inputs. Conclude if the company appears over, under, or fairly valued.

Use the available tools if necessary.

FYI: Today we are: {today}
[[end:instruction]]

=====================================================================
80. THESIS
=====================================================================
[[instruction:final_investment_thesis]]
[type:prompt]
[AI:smart_model]
[role: portfolio_manager_role]
[depends: get_company_overview, get_company_history, get_company_management, conclusion_company_type, conclusion_financial_analysis, conclusion_strategic, conclusion_outlook, conclusion_valuation, get_full_segment_data]
[input: get_company_overview,get_company_history, get_company_management, conclusion_company_type, conclusion_financial_analysis, conclusion_strategic, conclusion_outlook, conclusion_valuation, get_full_segment_data]

Generate a final Investment thesis for {company_name} / {isin_code_id}.
Your task is to synthesize all preceding conclusions is into a clear, concise, and actionable investment thesis. This memo must serve as the definitive summary for making a capital allocation decision, record keeping and for comparing this opportunity against others.
Be decisive and actionable. Please write your anwser in full sentences. The report should be engaging and fun to read, almost like a story.

The memo must be structured into the following four sections:
**0. Company overview
Start with a short overview of the company.
Provide a comprehensive overview of the company including:
-	Small history
-	Its business model
-	Main products and services. 
-	Operational and regional segments. 
-	The company's mission, vision, and core.

**I. Investment Case
Begin with a powerful summary that encapsulates the entire investment case. State clearly why this company is or isn’t an attractive investment opportunity right now. This is the "elevator pitch." What are the key pillars of this “Bear” / “Bull” case.

**II. Business Quality**
Support the thesis by covering the Business quality. This includes:
- Competitive position and moat durability: Which moats are the most prominent according the seven Powers Framework? Any particular weaknesses?
- Financial strength and returns
- Management quality. Who have the key positions in the management? CEO, CFO, ...
What are their backgrounds and track management? How are they compensated?

**III. Growth & Value Creation**
- What are the organic growth drivers?
- Is there any opportunity for margin expension?
- Any capital deployment opportunities?

**IV. Risk Assessment**
- What are the key business risks faced by the company?
- What are the key financial risks faced by the company?
- What are the key execution risks faced by the company?

**V. Valuation & Returns**
- Current valuation context
- Expected return drivers
- Risk/reward profile

**VI. Investment Decision**
Following up on I. Investment Case, conclude with a clear, decisive investment recommendation based on the holistic balance of the thesis, risks, and valuation. Use one of the following labels: Conviction Buy, Accumulate, Hold, Reduce, or Avoid.
**Conviction Level:** [HIGHEST/HIGH/MODERATE/LOW/AVOID]

FYI: Today we are {today}.
Remember to use full sentences, make it engaging to read, almost like a story.

[[end:instruction]]

### Format all reports

[[instruction:format_company_overview]]
[type:format]
[AI:format_model]
[depends: get_company_overview]
[input:get_company_overview]
[format:HTML]
Format this text to beautiful and professional HTML. Ensure ALL information in the context of this prompt is also present in your final HTML output. Make clear in the beginning that this concerns the company overview report. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_company_history]]
[type:format]
[AI:format_model]
[depends: get_company_history]
[input:get_company_history]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company history report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_conclusion_company_type]]
[type:format]
[AI:format_model]
[depends: conclusion_company_type]
[input:conclusion_company_type]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company type conclusion report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_get_company_management]]
[type:format]
[AI:format_model]
[depends: get_company_management]
[input:get_company_management]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company management report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_company_shareholder]]
[type:format]
[AI:format_model]
[depends: get_company_shareholder]
[input:get_company_shareholder]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company shareholder report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_get_full_segment_data]]
[type:format]
[AI:format_model]
[depends: get_full_segment_data]
[input:get_full_segment_data]
[format:HTML]
Format this text to beautiful and professional HTML.  Make clear in the beginning that this concerns the company full segment data report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_summarize_income_statement_analysis]]
[type:format]
[AI:format_model]
[depends: summarize_income_statement_analysis]
[input:summarize_income_statement_analysis]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company income statement analysis report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_summarize_balance_sheet_analysis]]
[type:format]
[AI:format_model]
[depends: summarize_balance_sheet_analysis]
[input:summarize_balance_sheet_analysis]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the balance sheet analysis report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_summarize_cash_flow_analysis]]
[type:format]
[AI:format_model]
[depends: summarize_cash_flow_analysis]
[input:summarize_cash_flow_analysis]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company cash flow analysis report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_earnings_call]]
[type:format]
[AI:format_model]
[depends: earnings_call]
[input:earnings_call]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company earnings call synthesis report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_news_summary]]
[type:format]
[AI:format_model]
[depends: news_summary]
[input:news_summary]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company news report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_conclusion_outlook]]
[type:format]
[AI:format_model]
[depends: conclusion_outlook]
[input:conclusion_outlook]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company outlook report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_seven_powers_analysis]]
[type:format]
[AI:format_model]
[depends: seven_powers_analysis]
[input:seven_powers_analysis]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company seven powers analysis report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_company_strategy]]
[type:format]
[AI:format_model]
[depends: company_strategy]
[input:company_strategy]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company strategy report. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

[[instruction:format_final_investment_thesis]]
[type:format]
[AI:format_model]
[depends: final_investment_thesis]
[input:final_investment_thesis]
[format:HTML]
Format this text to beautiful and professional HTML. Make clear in the beginning that this concerns the company final investment thesis. Ensure ALL information in the context of this prompt is also present in your final HTML output. It should read as an internal analytical research paper rather than presentation material. Albeit, engaging to read!
Use these colors: #FAF7F0 & #F2EBDC and the color of the company in question as the main colors. Ensure it's not too cluttered. 
[[end:instruction]]

Job Name

Data mode

Data to submit

Import Company Identifiers

Data to submit to PINS Job

Data to submit to PINS Job

PINS Block Writing Manual

Introduction

Basic Structure

Instruction Types

1. Role Instructions

2. Prompt Instructions

3. Summary Instructions

4. Function Instructions

5. API Instructions

6. Ranking Instructions

Advanced Features

Jury System

Conditional Execution

Variable Substitution

Export Formats

HTML Export

Markdown Export

JSON Export

Model Parameters

Best Practices

Do's

Don'ts

Complete Example Workflow

Global System Prompt

Pre-defined Roles

AI Models