fundamentalista-rails 0.1.0 → 0.2.0

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data/CHANGELOG.md

@@ -1,5 +1,11 @@
 # Changelog
 
+## 0.2.0
+
+- Valuation history on the company page when the provider serves prices, one row per fiscal year at its closing price.
+- A snapshot history page per holding.
+- WACC and the intrinsic value at it on the valuation, when the provider reports a beta; `FundamentalistaRails.risk_free_rate` and `equity_premium` set the inputs.
+
 ## 0.1.0
 
 - Mountable engine with company pages, peer comparison with the magic formula, and watchlists.

data/app/controllers/fundamentalista_rails/companies_controller.rb

@@ -13,6 +13,15 @@ module FundamentalistaRails
       @year = @company.latest_period
       @price = price_param
       @valuation = @company.valuation(price: @price) if @price
+      @history = history_of(@company)
+    end
+
+    private
+
+    def history_of(company)
+      company.valuation_history(:pe, :pb, :fcf_yield, :ev_to_ebitda)
+    rescue Fundamentalista::QuoteUnavailableError
+      nil
     end
   end
 end

data/app/controllers/fundamentalista_rails/holdings_controller.rb

@@ -3,6 +3,11 @@
 module FundamentalistaRails
   # Adds companies to a watchlist and removes them.
   class HoldingsController < ApplicationController
+    def show
+      @holding = Holding.find(params[:id])
+      @snapshots = @holding.snapshots
+    end
+
     def create
       watchlist = Watchlist.find(params[:watchlist_id])
       holding = watchlist.holdings.create!(params.require(:holding).permit(:ticker, :price))

data/app/views/fundamentalista_rails/companies/show.html.erb

@@ -30,7 +30,25 @@
   <% if @valuation %>
     <section>
       <h2>Valuation at <%= number(@price) %></h2>
-      <%= render "fundamentalista_rails/shared/valuation", valuation: @valuation %>
+      <%= render "fundamentalista_rails/shared/valuation", valuation: @valuation, beta: @company.beta %>
+    </section>
+  <% end %>
+
+  <% if @history.present? %>
+    <section>
+      <h2>Valuation history</h2>
+      <p class="muted">Each fiscal year at the close of its last day.</p>
+      <table>
+        <thead><tr><th>Year</th><th>Price</th><th>P/E</th><th>P/B</th><th>FCF yield</th><th>EV/EBITDA</th></tr></thead>
+        <tbody>
+          <% @history.each do |year, row| %>
+            <tr>
+              <td><%= year %></td><td><%= number(row[:price]) %></td><td><%= multiple(row[:pe]) %></td>
+              <td><%= multiple(row[:pb]) %></td><td><%= percent(row[:fcf_yield]) %></td><td><%= multiple(row[:ev_to_ebitda]) %></td>
+            </tr>
+          <% end %>
+        </tbody>
+      </table>
     </section>
   <% end %>
 </div>

data/app/views/fundamentalista_rails/holdings/show.html.erb

@@ -0,0 +1,25 @@
+<% content_for :title, "#{@holding.ticker} snapshots" %>
+<h1><%= link_to @holding.ticker, company_path(@holding.ticker, price: @holding.price) %> <span class="muted">in <%= link_to @holding.watchlist.name, @holding.watchlist %></span></h1>
+<%= button_to "Take a snapshot", watchlist_holding_snapshots_path(@holding.watchlist, @holding) %>
+<% if @snapshots.any? %>
+  <table>
+    <thead><tr><th>Date</th><th>Price</th><th>P/E</th><th>P/B</th><th>FCF yield</th><th>EV/EBITDA</th><th>ROE</th><th>Piotroski</th><th>Altman</th></tr></thead>
+    <tbody>
+      <% @snapshots.each do |snapshot| %>
+        <tr>
+          <td><%= snapshot.taken_on %></td>
+          <td><%= number(snapshot.price) %></td>
+          <td><%= multiple(snapshot.dig(:valuation, :pe)) %></td>
+          <td><%= multiple(snapshot.dig(:valuation, :pb)) %></td>
+          <td><%= percent(snapshot.dig(:valuation, :fcf_yield)) %></td>
+          <td><%= multiple(snapshot.dig(:valuation, :ev_to_ebitda)) %></td>
+          <td><%= percent(snapshot.dig(:ratios, :roe)) %></td>
+          <td><%= snapshot.dig(:scores, :piotroski) || "–" %></td>
+          <td><%= number(snapshot.dig(:scores, :altman_z, :score)) %></td>
+        </tr>
+      <% end %>
+    </tbody>
+  </table>
+<% else %>
+  <p class="muted">No snapshots yet.</p>
+<% end %>

data/app/views/fundamentalista_rails/shared/_valuation.html.erb

@@ -12,5 +12,10 @@
     <tr><td>Graham number</td><td><%= number(valuation.graham_number) %></td></tr>
     <tr><td>Intrinsic value (6% growth, 9% discount)</td><td><%= number(valuation.intrinsic_value(growth: 0.06, discount_rate: 0.09)) %></td></tr>
     <tr><td>Implied growth at 9% discount</td><td><%= percent(valuation.implied_growth(discount_rate: 0.09)) %></td></tr>
+    <% if local_assigns[:beta] %>
+      <% rate = valuation.wacc(beta: beta, risk_free: FundamentalistaRails.risk_free_rate, equity_premium: FundamentalistaRails.equity_premium) %>
+      <tr><td>WACC (beta <%= number(beta) %>)</td><td><%= percent(rate) %></td></tr>
+      <tr><td>Intrinsic value at WACC, 6% growth</td><td><%= number(rate && valuation.intrinsic_value(growth: 0.06, discount_rate: rate)) %></td></tr>
+    <% end %>
   </tbody>
 </table>

data/app/views/fundamentalista_rails/watchlists/show.html.erb

@@ -14,7 +14,7 @@
         <tr>
           <td><%= link_to holding.ticker, company_path(holding.ticker, price: holding.price) %></td>
           <td><%= number(holding.price) %></td>
-          <td><%= holding.snapshots.size %><% if latest %> <span class="muted">last <%= latest.taken_on %></span><% end %></td>
+          <td><%= link_to holding.snapshots.size, watchlist_holding_path(@watchlist, holding) %><% if latest %> <span class="muted">last <%= latest.taken_on %></span><% end %></td>
           <td><%= multiple(latest&.dig(:valuation, :pe)) %></td>
           <td><%= percent(latest&.dig(:valuation, :fcf_yield)) %></td>
           <td><%= latest&.dig(:scores, :piotroski) || "–" %></td>

data/config/routes.rb

@@ -5,7 +5,7 @@ FundamentalistaRails::Engine.routes.draw do
   resources :companies, only: :show, param: :ticker
   resource :comparison, only: :show
   resources :watchlists, only: %i[index create show destroy] do
-    resources :holdings, only: %i[create destroy] do
+    resources :holdings, only: %i[show create destroy] do
       resources :snapshots, only: :create
     end
   end

data/lib/fundamentalista-rails.rb

@@ -2,6 +2,7 @@
 
 require 'fundamentalista'
 require 'rails/engine'
+require 'active_support/core_ext/module/attribute_accessors'
 require 'fundamentalista_rails/version'
 require 'fundamentalista_rails/cache'
 require 'fundamentalista_rails/engine'
@@ -14,4 +15,8 @@ require 'fundamentalista_rails/engine'
 #   mount FundamentalistaRails::Engine, at: "/fundamentals"
 #
 module FundamentalistaRails
+  # The risk free rate and equity premium the pages use for the WACC,
+  # as decimals. Set them in an initializer.
+  mattr_accessor :risk_free_rate, default: BigDecimal('0.04')
+  mattr_accessor :equity_premium, default: BigDecimal('0.05')
 end

data/lib/fundamentalista_rails/version.rb

@@ -2,5 +2,5 @@
 
 module FundamentalistaRails
   # The version of the fundamentalista-rails gem, as a string.
-  VERSION = '0.1.0'
+  VERSION = '0.2.0'
 end

metadata

@@ -1,7 +1,7 @@
 --- !ruby/object:Gem::Specification
 name: fundamentalista-rails
 version: !ruby/object:Gem::Version
-  version: 0.1.0
+  version: 0.2.0
 platform: ruby
 authors:
 - Bruno Costanzo
@@ -15,14 +15,14 @@ dependencies:
     requirements:
     - - ">="
       - !ruby/object:Gem::Version
-        version: '0.1'
+        version: '0.2'
   type: :runtime
   prerelease: false
   version_requirements: !ruby/object:Gem::Requirement
     requirements:
     - - ">="
       - !ruby/object:Gem::Version
-        version: '0.1'
+        version: '0.2'
 - !ruby/object:Gem::Dependency
   name: rails
   requirement: !ruby/object:Gem::Requirement
@@ -64,6 +64,7 @@ files:
 - app/views/fundamentalista_rails/companies/index.html.erb
 - app/views/fundamentalista_rails/companies/show.html.erb
 - app/views/fundamentalista_rails/comparisons/show.html.erb
+- app/views/fundamentalista_rails/holdings/show.html.erb
 - app/views/fundamentalista_rails/shared/_ratios.html.erb
 - app/views/fundamentalista_rails/shared/_scores.html.erb
 - app/views/fundamentalista_rails/shared/_series.html.erb