# Public Company Research Deliverable

## Decision layer

Research cutoff and valuation date; decision question; thesis; variant perception; key drivers; valuation range; catalysts and validation timeline; top risks; thesis breaks; research confidence and deductions; completion status.

## Evidence layer

Source inventory; evidence ledger; claim graph; definitions; historical reconstruction; accounting normalization; business and industry analysis; management scorecard; model and changes; valuation and reverse expectations; scenarios and stress tests; forecast-error attribution; contrary evidence; risk register; research budget; audit results; unresolved items.