skills/bigdata-sector-playbook/assets/report-template.md

# Sector playbook — report template

Follow this structure. Keep the section order. The KPI framework and screening sections must be specific enough to apply to any company in the sector. Add inline citations `[1]`, `[2]` immediately after claims, hyperlinked to the document URL.

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```markdown
# Sector Playbook: [Sector Name]
Report Date: [Date]

## Executive Summary
[3-4 sentences: the state of the sector, the dominant debate, and the actionable setup in one line.]

## KPI Framework
The metrics that decide outcomes in this sector.

| KPI | What it measures | What "good" looks like | Where to find it |
|-----|------------------|------------------------|------------------|
| [Primary operating KPI] | | | |
| [Primary operating KPI] | | | |
| [Efficiency / unit economics KPI] | | | |
| [Balance sheet / capital KPI] | | | |
| [Sector-specific quality KPI] | | | |

**How they interact:** [2-4 sentences on the relationships that matter — e.g. growth versus margin trade-off, capital intensity versus returns]

## Valuation Approach

| Method | When it applies | Why it fits the economics |
|--------|-----------------|---------------------------|
| [Primary method] | | |
| [Secondary / cross-check] | | |

**Where it breaks down:** [The situations in which the standard method misleads in this sector]

## The Live Debates

### Debate 1: [Name]
- **Bull side:** [Argument and evidence]
- **Bear side:** [Argument and evidence]
- **Where consensus sits:** [Current positioning]
- **What would settle it:** [Specific, observable]

### Debate 2: [Name]
[Same structure]

### Debate 3: [Name]
[Same structure]

## Valuation Context

| Multiple | Now | 5Y range | 10Y range | vs market | Earnings base |
|----------|-----|----------|-----------|-----------|---------------|
| [Sector-standard multiple] | | | | | Peak / Mid / Trough |
| [Secondary multiple] | | | | | |

**Read:** [Is the sector cheap or expensive against its own history, and on what quality of earnings?]

## Sub-Industry Map

| Sub-industry | Economics | Cycle position | Current setup |
|--------------|-----------|----------------|---------------|
| | | Early / Mid / Late | Attractive / Neutral / Avoid |
| | | | |

**Dispersion note:** [Where sector averages hide what matters]

## Screening Criteria

**Screen for:**
| Criterion | Threshold | Why |
|-----------|-----------|-----|
| | | |

**Red flags (sector-characteristic):**
| Red flag | What it signals | How to detect it |
|----------|-----------------|------------------|
| | | |

## Actionable Setup

| Stance | Names / sub-industries | Rationale tied to KPIs and debates |
|--------|------------------------|------------------------------------|
| **Own** | | |
| **Avoid** | | |
| **Watch** | | |

## Catalysts to Watch
| Date / window | Event | Why it matters for the sector |
|---------------|-------|-------------------------------|

## Sources
  ALWAYS include a "Sources" section listing ALL documents referenced with:
   - Reference number matching the inline superscript number
   - Source name and publication date (MMM DD, YYYY) hyperlinked 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/...]

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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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## Footer rule

The **Powered by Bigdata.com** line and the **Disclaimer** block above are mandatory and must be reproduced **verbatim**, after the Sources section, in every user-facing deliverable.