skills/bigdata-risk-assessment/assets/report-template.md

# Risk assessment — report template

Follow this structure. Keep the section order. Where a table or section has no data, write "Not available" rather than dropping it. Add inline citations `[1]`, `[2]` immediately after claims, hyperlinked to the document URL.

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```
# Risk Assessment: [Company Name]
Assessment Date: [Date]

## Executive Summary
[2-3 sentences: **top risks that matter** for value—lead with the 2-3 that dominate, not a category recap]

## Financial Health Baseline

### Leverage and Liquidity
| Metric | Current | Industry Avg | Assessment |
|--------|---------|--------------|------------|
| Debt-to-Equity | X.Xx | X.Xx | [High/Normal/Low] |
| Current Ratio | X.Xx | X.Xx | [Strong/Adequate/Weak] |
| Interest Coverage | X.Xx | X.Xx | [Strong/Adequate/Weak] |
| Cash Position | $X.XB | - | [Strong/Adequate/Weak] |

### Key Financial Observations
- [Observation 1]
- [Observation 2]

### Financial distress screen (if leverage or coverage is weak)
| Signal | Value / read | Note |
|--------|----------------|------|
| Altman Z (if computable) | | [Zone: safe / grey / distress] |
| Cash conversion vs earnings | | |
| Covenant / maturity (if known) | | |

## Moat and competitive durability
- **Primary moat type(s):** [per moat taxonomy]  
- **Erosion warning signs:** [pricing, share, ROIC vs WACC, other]  
- **Narrative:** [1 short paragraph]

## Risk Category Analysis

### 1. Regulatory/Legal Exposure

**Identified Risks:**
1. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

2. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

**Category Risk Score:** [High/Medium/Low based on aggregate likelihood × impact]

---

### 2. Competitive Threats

**Moat link:** Each major competitive risk should state **how it could damage the moat or ROIC spread** (not only “more competition”).

**Identified Risks:**
1. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

2. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

**Category Risk Score:** [High/Medium/Low based on aggregate likelihood × impact]

---

### 3. Operational Vulnerabilities

**Identified Risks:**
1. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

2. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

**Category Risk Score:** [High/Medium/Low based on aggregate likelihood × impact]

---

### 4. Financial/Balance Sheet Risks

**Identified Risks:**
1. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [Tearsheet / 10-K / 8-K with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

2. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [Tearsheet / 10-K / 8-K with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

**Category Risk Score:** [High/Medium/Low based on aggregate likelihood × impact]

---

### 5. Macro/Market Headwinds

**Identified Risks:**
1. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

2. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [10-K / 8-K / News with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

**Category Risk Score:** [High/Medium/Low based on aggregate likelihood × impact]

---

### 6. Management & Governance

**Identified Risks:**
1. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [Filing / News / Tearsheet with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

2. **[Risk Name]**
   - Description: [Detailed explanation]
   - Source: [Filing / News / Tearsheet with date]
   - Likelihood: **[High/Medium/Low]**
   - Impact: **[High/Medium/Low]**
   - Mitigation Status: [Known mitigations if disclosed]

**Category Risk Score:** [High/Medium/Low based on aggregate likelihood × impact]

---

## Top 5 Priority Risks
(Ranked by Likelihood × Impact)

1. **[Risk Category]: [Risk Name]**
   - Combined Score: [Likelihood] × [Impact]
   - Why This Matters: [Brief explanation]

2. **[Risk Category]: [Risk Name]**
   - Combined Score: [Likelihood] × [Impact]
   - Why This Matters: [Brief explanation]

3. **[Risk Category]: [Risk Name]**
   - Combined Score: [Likelihood] × [Impact]
   - Why This Matters: [Brief explanation]

4. **[Risk Category]: [Risk Name]**
   - Combined Score: [Likelihood] × [Impact]
   - Why This Matters: [Brief explanation]

5. **[Risk Category]: [Risk Name]**
   - Combined Score: [Likelihood] × [Impact]
   - Why This Matters: [Brief explanation]

## Risk Mitigation Overview

### Disclosed Mitigations from 10-K
- [Mitigation 1]: [How company addresses this risk]
- [Mitigation 2]: [How company addresses this risk]
- [Mitigation 3]: [How company addresses this risk]

### Gap Analysis
- [Areas where mitigation appears inadequate or unclear]

## Scenario bridge (valuation / outcomes)

Connect risks to **forward outcomes** (narrative + rough probabilities—**not** a full model unless the user asks):

| Scenario | Probability (indicative) | Key drivers | Implication for multiples / earnings power |
|----------|-------------------------|-------------|-------------------------------------------|
| Bull | | | |
| Base | | | |
| Bear | | | |

For methodology depth, see `references/thesis-construction.md` in this skill.

## Investment Implications

### Overall Risk Profile
[High Risk / Moderate Risk / Low Risk with explanation]

### Risk-Adjusted Investment Thesis
[How identified risks affect investment attractiveness]

### Key Monitoring Points
[What investors should watch to track risk evolution]
- [Monitoring point 1]
- [Monitoring point 2]
- [Monitoring point 3]

### Valuation Considerations
[How risk profile should affect valuation multiples or required return]

**Closing (structured):** Net assessment: [Positive/Negative/Neutral] on risk-adjusted attractiveness because [specific]; key risk: [X]; next catalyst: [Y].

## Sources
  ALWAYS include a "Sources" section at the end listing ALL documents referenced with:
   - Reference number matching the inline Superscript Numbers
   - Source name and Publication date (MMM DD, YYYY format) with a hyperlink to the URL
  
   **Example:**
   [1] (NVIDIA Q3 2026 Earnings Call - Nov 19, 2025)[https://www.benzinga.com/node/...]
   [2] (Benzinga - Nov 20, 2025)[https://www.benzinga.com/node/...]
   [3] (Yahoo! Finance - Jan 18, 2026)[https://finance.yahoo.com/news/...]


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## Disclaimer

This output is for informational and research-assistance purposes only. It does **not** constitute investment, legal, tax, accounting, or other professional advice, and it is **not** a recommendation to buy, sell, or hold any security or instrument or to pursue any strategy. Information may be incomplete, estimated, delayed, or inaccurate. Past performance does not guarantee future results. Verify material facts independently and consult qualified advisors before making decisions.
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