Last run: 2026-06-27 | universe: 3056 | fundamentals_fetched: 3056 | stage2_passed: 75 | stage2_total: 3056 | stage3_passed: 55 | stage4_passed: 7 | candidates_non_held: 7 | top_10: 7
| Ticker | Stage 2 | FMP Score | Stage 3 | Tension | Stage 4 | DG (pp) | Asymmetry | Status |
|---|---|---|---|---|---|---|---|---|
| TSM | PASS | 98.43 | PASS | LOW | FAIL | 94.22 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=432.35, low=1297.05, med=1491.61)) |
| LLY | PASS | 43.32 | — | — | — | — | — | Passed Stage 2 |
| JNJ | PASS | 32.89 | — | — | — | — | — | Passed Stage 2 |
| XOM | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAT | PASS | 45.87 | — | — | — | — | — | Passed Stage 2 |
| ABBV | FAIL (P/E 123.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ORCL | FAIL (FCF <= 0 (-23686000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UNH | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GE | PASS | 48.67 | — | — | — | — | — | Passed Stage 2 |
| KO | PASS | 29.12 | — | — | — | — | — | Passed Stage 2 |
| HD | PASS | 27.96 | — | — | — | — | — | Passed Stage 2 |
| PG | PASS | 30.04 | — | — | — | — | — | Passed Stage 2 |
| CVX | FAIL (ROE 6.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MRK | PASS | 15.92 | — | — | — | — | — | Passed Stage 2 |
| NVS | PASS | 46.15 | — | — | — | — | — | Passed Stage 2 |
| AZN | PASS | 29.31 | — | — | — | — | — | Passed Stage 2 |
| PM | FAIL (ROE -105.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEV | PASS | 60.38 | — | — | — | — | — | Passed Stage 2 |
| DELL | FAIL (ROE -363.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IBM | PASS | 35.96 | — | — | — | — | — | Passed Stage 2 |
| RTX | PASS | 29.42 | — | — | — | — | — | Passed Stage 2 |
| BABA | FAIL (FCF <= 0 (-50724000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVO | PASS | 54.23 | — | — | — | — | — | Passed Stage 2 |
| SHEL | PASS | 17.91 | — | — | — | — | — | Passed Stage 2 |
| BHP | PASS | 22.29 | — | — | — | — | — | Passed Stage 2 |
| TM | PASS | 33.22 | — | — | — | — | — | Passed Stage 2 |
| APH | PASS | 60.83 | — | — | — | — | — | Passed Stage 2 |
| ANET | FAIL (P/E 53.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VZ | PASS | 39.69 | — | — | — | — | — | Passed Stage 2 |
| GLW | FAIL (P/E 105.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCD | FAIL (ROE -433.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMO | PASS | 11.99 | — | — | — | — | — | Passed Stage 2 |
| NEE | PASS | 40.28 | — | — | — | — | — | Passed Stage 2 |
| SAP | PASS | 41.66 | — | — | — | — | — | Passed Stage 2 |
| DIS | PASS | 38.31 | — | — | — | — | — | Passed Stage 2 |
| TJX | PASS | 47.86 | — | — | — | — | — | Passed Stage 2 |
| BA | FAIL (FCF <= 0 (-1877000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTE | PASS | 15.06 | — | — | — | — | — | Passed Stage 2 |
| DE | FAIL (Rev growth -11.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BUD | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABT | PASS | 19.71 | — | — | — | — | — | Passed Stage 2 |
| UNP | PASS | 32.89 | — | — | — | — | — | Passed Stage 2 |
| T | PASS | 42.16 | — | — | — | — | — | Passed Stage 2 |
| TBB | PASS | 42.16 | — | — | — | — | — | Passed Stage 2 |
| ETN | PASS | 37.22 | — | — | — | — | — | Passed Stage 2 |
| UBER | PASS | 61.15 | — | — | — | — | — | Passed Stage 2 |
| RIO | PASS | 19.43 | — | — | — | — | — | Passed Stage 2 |
| SCCO | PASS | 61.81 | — | — | — | — | — | Passed Stage 2 |
| DHR | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PFE | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTI | PASS | 18.57 | — | — | — | — | — | Passed Stage 2 |
| CVS | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UL | FAIL (Rev growth -16.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRM | PASS | 56.68 | — | — | — | — | — | Passed Stage 2 |
| COP | PASS | 30.53 | — | — | — | — | — | Passed Stage 2 |
| SYK | PASS | 39.5 | — | — | — | — | — | Passed Stage 2 |
| LOW | FAIL (ROE -64.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MO | FAIL (ROE -255.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENB | PASS | 10.46 | — | — | — | — | — | Passed Stage 2 |
| PH | PASS | 31.97 | — | — | — | — | — | Passed Stage 2 |
| BMY | PASS | 39.18 | — | — | — | — | — | Passed Stage 2 |
| LMT | PASS | 32.72 | — | — | — | — | — | Passed Stage 2 |
| VRT | FAIL (P/E 74.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SONY | FAIL (Net margin -2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SO | FAIL (FCF <= 0 (-2935000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOMN | FAIL (FCF <= 0 (-2935000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HWM | FAIL (P/E 61.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TT | PASS | 52.03 | — | — | — | — | — | Passed Stage 2 |
| GSK | PASS | 30.04 | — | — | — | — | — | Passed Stage 2 |
| PBR | PASS | 39.7 | — | — | — | — | — | Passed Stage 2 |
| MDT | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PWR | FAIL (P/E 93.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NEM | PASS | 68.06 | PASS | MEDIUM | PASS | 39.9 | 2.03:1 | Candidate |
| NOW | FAIL (P/E 58.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DUK | FAIL (FCF <= 0 (-1672000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BP | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WMB | PASS | 17.16 | — | — | — | — | — | Passed Stage 2 |
| CMI | PASS | 39.7 | — | — | — | — | — | Passed Stage 2 |
| PBR-A | PASS | 42.21 | — | — | — | — | — | Passed Stage 2 |
| SPOT | PASS | 56.15 | — | — | — | — | — | Passed Stage 2 |
| GD | PASS | 24.0 | — | — | — | — | — | Passed Stage 2 |
| UPS | PASS | 19.5 | — | — | — | — | — | Passed Stage 2 |
| WM | PASS | 32.19 | — | — | — | — | — | Passed Stage 2 |
| FCX | PASS | 10.96 | — | — | — | — | — | Passed Stage 2 |
| MCK | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASX | FAIL (FCF <= 0 (-20008978000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HCA | FAIL (ROE -123.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNOW | FAIL (Net margin -23.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELV | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MMM | PASS | 26.26 | — | — | — | — | — | Passed Stage 2 |
| RCL | PASS | 52.47 | — | — | — | — | — | Passed Stage 2 |
| SHW | PASS | 44.17 | — | — | — | — | — | Passed Stage 2 |
| JCI | PASS | 12.45 | — | — | — | — | — | Passed Stage 2 |
| NET | FAIL (Net margin -3.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NGG | FAIL (FCF <= 0 (-3817082880)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNQ | PASS | 40.75 | — | — | — | — | — | Passed Stage 2 |
| EMR | PASS | 9.4 | — | — | — | — | — | Passed Stage 2 |
| ECL | PASS | 31.5 | — | — | — | — | — | Passed Stage 2 |
| AMX | PASS | 50.64 | — | — | — | — | — | Passed Stage 2 |
| EPD | PASS | 10.03 | — | — | — | — | — | Passed Stage 2 |
| ACN | PASS | 46.77 | — | — | — | — | — | Passed Stage 2 |
| EQNR | PASS | 17.48 | — | — | — | — | — | Passed Stage 2 |
| AEM | PASS | 69.75 | PASS | MEDIUM | FAIL | 87.39 | 0.67:1 | Rejected (Stage 4: Asymmetry 0.7:1 < 2:1 (price=157.23, low=34.18, med=239.72)) |
| CP | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITW | PASS | 40.11 | — | — | — | — | — | Passed Stage 2 |
| VLO | PASS | 15.42 | — | — | — | — | — | Passed Stage 2 |
| FDX | PASS | 35.13 | — | — | — | — | — | Passed Stage 2 |
| HLT | FAIL (P/E 50.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRH | PASS | 28.93 | — | — | — | — | — | Passed Stage 2 |
| CI | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MPC | PASS | 16.22 | — | — | — | — | — | Passed Stage 2 |
| TDG | FAIL (ROE -24.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KMI | PASS | 14.67 | — | — | — | — | — | Passed Stage 2 |
| CL | PASS | 48.24 | — | — | — | — | — | Passed Stage 2 |
| CNI | PASS | 22.2 | — | — | — | — | — | Passed Stage 2 |
| TRP | PASS | 11.17 | — | — | — | — | — | Passed Stage 2 |
| BE | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOC | PASS | 44.86 | — | — | — | — | — | Passed Stage 2 |
| EOG | PASS | 24.28 | — | — | — | — | — | Passed Stage 2 |
| GM | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| URI | PASS | 18.73 | — | — | — | — | — | Passed Stage 2 |
| SLB | PASS | 41.16 | — | — | — | — | — | Passed Stage 2 |
| NSC | PASS | 16.52 | — | — | — | — | — | Passed Stage 2 |
| NOK | FAIL (P/E 80.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSX | PASS | 7.1 | — | — | — | — | — | Passed Stage 2 |
| CVNA | PASS | 47.06 | — | — | — | — | — | Passed Stage 2 |
| CIEN | FAIL (P/E 155.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| E | FAIL (ROE 5.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSI | PASS | 45.02 | — | — | — | — | — | Passed Stage 2 |
| RSG | PASS | 31.29 | — | — | — | — | — | Passed Stage 2 |
| ET | PASS | 5.82 | — | — | — | — | — | Passed Stage 2 |
| BSX | PASS | 48.32 | — | — | — | — | — | Passed Stage 2 |
| FIX | FAIL (P/E 53.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RACE | PASS | 57.85 | — | — | — | — | — | Passed Stage 2 |
| VALE | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GWW | PASS | 34.07 | — | — | — | — | — | Passed Stage 2 |
| UMC | PASS | 68.92 | PASS | LOW | FAIL | 85.91 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=25.58, low=76.74, med=88.25)) |
| TGT | PASS | 12.66 | — | — | — | — | — | Passed Stage 2 |
| SU | PASS | 23.78 | — | — | — | — | — | Passed Stage 2 |
| STM | FAIL (FCF <= 0 (-52000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| B | PASS | 68.11 | PASS | MEDIUM | FAIL | 74.84 | 0.09:1 | Rejected (Stage 4: Asymmetry 0.1:1 < 2:1 (price=37.30, low=8.75, med=39.88)) |
| APD | FAIL (FCF <= 0 (-3765800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRE | FAIL (FCF <= 0 (-6047000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CARR | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| D | FAIL (FCF <= 0 (-7280000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DAL | PASS | 43.37 | — | — | — | — | — | Passed Stage 2 |
| COHR | FAIL (P/E 166.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NKE | PASS | 14.69 | — | — | — | — | — | Passed Stage 2 |
| TRGP | PASS | 19.0 | — | — | — | — | — | Passed Stage 2 |
| HPE | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TEL | PASS | 44.75 | — | — | — | — | — | Passed Stage 2 |
| MPLX | PASS | 38.86 | — | — | — | — | — | Passed Stage 2 |
| BDX | FAIL (ROE 4.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OKE | PASS | 29.98 | — | — | — | — | — | Passed Stage 2 |
| KEYS | FAIL (P/E 54.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SE | PASS | 55.77 | — | — | — | — | — | Passed Stage 2 |
| CAH | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| COR | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTVA | FAIL (ROE 4.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| F | FAIL (Net margin -3.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VST | FAIL (Rev growth -12.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RELX | PASS | 43.75 | — | — | — | — | — | Passed Stage 2 |
| NUE | FAIL (FCF <= 0 (-188000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AME | PASS | 35.72 | — | — | — | — | — | Passed Stage 2 |
| LHX | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ETR | FAIL (FCF <= 0 (-2790700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROK | PASS | 39.77 | — | — | — | — | — | Passed Stage 2 |
| EW | PASS | 18.58 | — | — | — | — | — | Passed Stage 2 |
| WPM | PASS | 64.74 | — | — | — | — | — | Passed Stage 2 |
| AZO | FAIL (ROE -80.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LNG | PASS | 22.41 | — | — | — | — | — | Passed Stage 2 |
| ABEV | PASS | 55.57 | — | — | — | — | — | Passed Stage 2 |
| TAK | FAIL (ROE 2.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OXY | FAIL (Rev growth -20.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HEI | FAIL (P/E 61.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DHI | PASS | 43.09 | — | — | — | — | — | Passed Stage 2 |
| DEO | PASS | 16.01 | — | — | — | — | — | Passed Stage 2 |
| FERG | PASS | 41.52 | — | — | — | — | — | Passed Stage 2 |
| CVE | FAIL (Rev growth -14.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XYZ | FAIL (P/E 59.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HUM | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIK | PASS | 60.86 | — | — | — | — | — | Passed Stage 2 |
| WAB | PASS | 27.95 | — | — | — | — | — | Passed Stage 2 |
| MT | FAIL (ROE 5.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCJ | FAIL (P/E 98.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRMN | PASS | 53.43 | — | — | — | — | — | Passed Stage 2 |
| FMX | PASS | 16.22 | — | — | — | — | — | Passed Stage 2 |
| INFY | PASS | 49.02 | — | — | — | — | — | Passed Stage 2 |
| YUM | FAIL (ROE -23.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMG | PASS | 38.39 | — | — | — | — | — | Passed Stage 2 |
| WCN | PASS | 13.91 | — | — | — | — | — | Passed Stage 2 |
| LYV | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PEG | PASS | 11.38 | — | — | — | — | — | Passed Stage 2 |
| FNV | PASS | 65.65 | — | — | — | — | — | Passed Stage 2 |
| ED | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AU | PASS | 78.51 | PASS | MEDIUM | FAIL | 36.54 | 1.17:1 | Rejected (Stage 4: Asymmetry 1.2:1 < 2:1 (price=81.61, low=15.61, med=158.81)) |
| HLN | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VMC | PASS | 36.56 | — | — | — | — | — | Passed Stage 2 |
| CCL | PASS | 43.08 | — | — | — | — | — | Passed Stage 2 |
| SYY | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLS | PASS | 59.91 | — | — | — | — | — | Passed Stage 2 |
| WEC | FAIL (FCF <= 0 (-1018700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TEVA | PASS | 14.3 | — | — | — | — | — | Passed Stage 2 |
| A | PASS | 28.26 | — | — | — | — | — | Passed Stage 2 |
| PCG | FAIL (FCF <= 0 (-3071000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JBL | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELC | FAIL (FCF <= 0 (-2790700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADM | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MLM | PASS | 46.37 | — | — | — | — | — | Passed Stage 2 |
| KVUE | PASS | 10.72 | — | — | — | — | — | Passed Stage 2 |
| PPLC | FAIL (FCF <= 0 (-1401000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HSY | PASS | 19.66 | — | — | — | — | — | Passed Stage 2 |
| WDS | FAIL (FCF <= 0 (-782000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KR | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EME | PASS | 57.3 | — | — | — | — | — | Passed Stage 2 |
| CHT | PASS | 47.3 | — | — | — | — | — | Passed Stage 2 |
| HMC | FAIL (Net margin -1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBLX | FAIL (Net margin -20.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| Q | FAIL (P/E 50.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALC | FAIL (ROE 3.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EQT | PASS | 64.47 | — | — | — | — | — | Passed Stage 2 |
| AEE | FAIL (FCF <= 0 (-821000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNC | FAIL (Net margin -3.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RDDT | PASS | 62.32 | — | — | — | — | — | Passed Stage 2 |
| DTE | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IQV | PASS | 24.49 | — | — | — | — | — | Passed Stage 2 |
| ZTS | PASS | 55.15 | — | — | — | — | — | Passed Stage 2 |
| UI | PASS | 44.23 | — | — | — | — | — | Passed Stage 2 |
| IR | FAIL (P/E 54.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPNG | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NRG | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTZ | FAIL (P/E 68.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LVS | PASS | 31.54 | — | — | — | — | — | Passed Stage 2 |
| AMRZ | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOV | PASS | 36.65 | — | — | — | — | — | Passed Stage 2 |
| EC | FAIL (Rev growth -16.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TS | PASS | 46.14 | — | — | — | — | — | Passed Stage 2 |
| GFI | PASS | 85.62 | PASS | MEDIUM | PASS | 58.78 | 3.86:1 | Candidate |
| FTS | FAIL (FCF <= 0 (-2172000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TPR | PASS | 32.32 | — | — | — | — | — | Passed Stage 2 |
| CNP | FAIL (FCF <= 0 (-2384000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRS | FAIL (P/E 61.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CQP | PASS | 40.31 | — | — | — | — | — | Passed Stage 2 |
| NTR | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATO | FAIL (FCF <= 0 (-1511943000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EL | FAIL (Net margin -1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EIX | FAIL (FCF <= 0 (-715000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TWLO | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RMD | PASS | 59.5 | — | — | — | — | — | Passed Stage 2 |
| KGC | PASS | 79.63 | PASS | MEDIUM | FAIL | 82.71 | 0.36:1 | Rejected (Stage 4: Asymmetry 0.4:1 < 2:1 (price=24.25, low=7.22, med=30.44)) |
| TDY | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAL | PASS | 24.97 | — | — | — | — | — | Passed Stage 2 |
| WSM | PASS | 44.22 | — | — | — | — | — | Passed Stage 2 |
| OTIS | FAIL (ROE -27.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TECK | FAIL (FCF <= 0 (-1017170398)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FE | FAIL (FCF <= 0 (-1005000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL | FAIL (FCF <= 0 (-1401000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VEEV | PASS | 49.37 | — | — | — | — | — | Passed Stage 2 |
| XYL | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ES | FAIL (FCF <= 0 (-45097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CW | FAIL (P/E 54.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPG | PASS | 45.72 | — | — | — | — | — | Passed Stage 2 |
| PBA | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FICO | FAIL (ROE -43.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HUBB | PASS | 40.6 | — | — | — | — | — | Passed Stage 2 |
| TPL | FAIL (P/E 54.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| JBS | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATI | FAIL (P/E 63.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VG | FAIL (FCF <= 0 (-6799000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DG | PASS | 39.57 | — | — | — | — | — | Passed Stage 2 |
| NVT | FAIL (P/E 53.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PHG | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DVN | PASS | 28.79 | — | — | — | — | — | Passed Stage 2 |
| PHM | PASS | 46.42 | — | — | — | — | — | Passed Stage 2 |
| AWK | FAIL (FCF <= 0 (-1067000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QSR | PASS | 23.05 | — | — | — | — | — | Passed Stage 2 |
| FTI | PASS | 54.68 | — | — | — | — | — | Passed Stage 2 |
| IHG | FAIL (ROE -23.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTD | FAIL (ROE -610.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LUV | FAIL (FCF <= 0 (-831000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STZ | FAIL (Rev growth -10.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RL | PASS | 54.13 | — | — | — | — | — | Passed Stage 2 |
| WST | PASS | 24.81 | — | — | — | — | — | Passed Stage 2 |
| SW | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DRI | PASS | 33.75 | — | — | — | — | — | Passed Stage 2 |
| WAT | FAIL (ROE 8.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMS | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXIA | FAIL (ROE 8.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WIT | PASS | 48.0 | — | — | — | — | — | Passed Stage 2 |
| XPO | FAIL (P/E 68.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHD | PASS | 30.99 | — | — | — | — | — | Passed Stage 2 |
| NI | FAIL (FCF <= 0 (-420000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AER | FAIL (FCF <= 0 (-681174000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMSA | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TCPA | FAIL (FCF <= 0 (-159629844)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DGX | PASS | 18.64 | — | — | — | — | — | Passed Stage 2 |
| LEN | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| P | FAIL (P/E 101.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KOF | PASS | 37.52 | — | — | — | — | — | Passed Stage 2 |
| LH | PASS | 8.42 | — | — | — | — | — | Passed Stage 2 |
| VLTO | PASS | 38.63 | — | — | — | — | — | Passed Stage 2 |
| CPAY | PASS | 61.38 | — | — | — | — | — | Passed Stage 2 |
| USFD | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PKG | PASS | 17.3 | — | — | — | — | — | Passed Stage 2 |
| SOJD | FAIL (FCF <= 0 (-3590000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIV | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBA | FAIL (P/E 52.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BG | FAIL (FCF <= 0 (-923000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNX | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCE | PASS | 51.4 | — | — | — | — | — | Passed Stage 2 |
| EXPD | PASS | 28.29 | — | — | — | — | — | Passed Stage 2 |
| STE | PASS | 42.11 | — | — | — | — | — | Passed Stage 2 |
| DOW | FAIL (FCF <= 0 (-1447000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HPQ | FAIL (ROE -473.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TSN | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROL | PASS | 42.59 | — | — | — | — | — | Passed Stage 2 |
| OMC | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNA | PASS | 40.82 | — | — | — | — | — | Passed Stage 2 |
| SN | PASS | 51.26 | — | — | — | — | — | Passed Stage 2 |
| IP | FAIL (FCF <= 0 (-159000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SQM | PASS | 36.31 | — | — | — | — | — | Passed Stage 2 |
| DKS | PASS | 13.04 | — | — | — | — | — | Passed Stage 2 |
| SOJC | FAIL (FCF <= 0 (-3590000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BURL | PASS | 16.36 | — | — | — | — | — | Passed Stage 2 |
| RBC | FAIL (P/E 69.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIS | PASS | 36.29 | — | — | — | — | — | Passed Stage 2 |
| ULS | FAIL (P/E 56.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMCR | FAIL (ROE 5.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SBS | PASS | 65.97 | — | — | — | — | — | Passed Stage 2 |
| AS | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RS | PASS | 7.63 | — | — | — | — | — | Passed Stage 2 |
| LII | PASS | 50.73 | — | — | — | — | — | Passed Stage 2 |
| IFF | FAIL (ROE 6.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FDXF | FAIL (P/E negative or zero (-0.0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GIS | PASS | 22.78 | — | — | — | — | — | Passed Stage 2 |
| PAAS | PASS | 65.63 | — | — | — | — | — | Passed Stage 2 |
| EFX | PASS | 40.06 | — | — | — | — | — | Passed Stage 2 |
| SOJE | FAIL (FCF <= 0 (-2935000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAIR | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RCI | PASS | 62.43 | — | — | — | — | — | Passed Stage 2 |
| H | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FN | PASS | 47.41 | — | — | — | — | — | Passed Stage 2 |
| AQNB | FAIL (FCF <= 0 (-390703000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTV | FAIL (Rev growth -17.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVR | PASS | 28.92 | — | — | — | — | — | Passed Stage 2 |
| IONQ | FAIL (FCF <= 0 (-299604000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DD | FAIL (Net margin -0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WY | FAIL (ROE 4.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BWXT | FAIL (P/E 52.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DUKB | FAIL (ROE 9.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLUT | FAIL (Net margin -2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZBH | FAIL (ROE 6.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LYB | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IOT | FAIL (P/E 304.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CX | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| APG | FAIL (P/E negative or zero (-58.7)) | — | — | — | — | — | — | Rejected (Stage 2) |
| YPF | FAIL (FCF <= 0 (-171218000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGA | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZTO | PASS | 57.37 | — | — | — | — | — | Passed Stage 2 |
| PFGC | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TU | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITT | PASS | 42.63 | — | — | — | — | — | Passed Stage 2 |
| LTM | PASS | 39.86 | — | — | — | — | — | Passed Stage 2 |
| WES | PASS | 42.63 | — | — | — | — | — | Passed Stage 2 |
| WSO | PASS | 18.33 | — | — | — | — | — | Passed Stage 2 |
| WCC | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIP | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IEX | PASS | 23.96 | — | — | — | — | — | Passed Stage 2 |
| STLA | FAIL (FCF <= 0 (-16198841920)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMA | FAIL (FCF <= 0 (-1728590165)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BALL | PASS | 13.75 | — | — | — | — | — | Passed Stage 2 |
| GNRC | FAIL (P/E 86.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SGI | PASS | 41.22 | — | — | — | — | — | Passed Stage 2 |
| BBY | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCZ | PASS | 56.1 | — | — | — | — | — | Passed Stage 2 |
| THC | PASS | 65.2 | — | — | — | — | — | Passed Stage 2 |
| CF | PASS | 47.2 | — | — | — | — | — | Passed Stage 2 |
| TKO | FAIL (P/E 75.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPC | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAS | FAIL (ROE -566.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ONTO | FAIL (P/E 150.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BR | PASS | 57.87 | — | — | — | — | — | Passed Stage 2 |
| CLH | PASS | 22.81 | — | — | — | — | — | Passed Stage 2 |
| TXT | PASS | 14.31 | — | — | — | — | — | Passed Stage 2 |
| ALB | FAIL (Net margin -4.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSL | PASS | 37.31 | — | — | — | — | — | Passed Stage 2 |
| TOST | PASS | 51.08 | — | — | — | — | — | Passed Stage 2 |
| JHX | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEP | PASS | 56.69 | — | — | — | — | — | Passed Stage 2 |
| DTM | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TOL | PASS | 25.32 | — | — | — | — | — | Passed Stage 2 |
| PKX | FAIL (FCF <= 0 (-1669270000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OVV | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBRK | FAIL (Net margin -20.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| J | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARMK | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DY | PASS | 37.5 | — | — | — | — | — | Passed Stage 2 |
| RRX | FAIL (P/E 50.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HRL | FAIL (ROE 5.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RTO | FAIL (ROE 4.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOCN | FAIL (P/E 53.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DECK | PASS | 66.35 | PASS | LOW | FAIL | 26.94 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=104.56, low=119.97, med=139.87)) |
| RPM | PASS | 12.33 | — | — | — | — | — | Passed Stage 2 |
| SWK | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YUMC | PASS | 24.67 | — | — | — | — | — | Passed Stage 2 |
| AA | PASS | 16.13 | — | — | — | — | — | Passed Stage 2 |
| MLI | PASS | 35.44 | — | — | — | — | — | Passed Stage 2 |
| GIB | PASS | 39.69 | — | — | — | — | — | Passed Stage 2 |
| BWA | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DVA | FAIL (ROE -133.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TLK | PASS | 39.63 | — | — | — | — | — | Passed Stage 2 |
| PINS | FAIL (ROE 7.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOLV | FAIL (FCF <= 0 (-10000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MKC | PASS | 42.66 | — | — | — | — | — | Passed Stage 2 |
| CNH | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MKC-V | PASS | 42.69 | — | — | — | — | — | Passed Stage 2 |
| SREA | FAIL (FCF <= 0 (-6047000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRU | PASS | 39.31 | — | — | — | — | — | Passed Stage 2 |
| MOD | FAIL (P/E 113.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MOG-A | PASS | 9.0 | — | — | — | — | — | Passed Stage 2 |
| FPS | FAIL (FCF <= 0 (-39093000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PR | FAIL (ROE 6.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AGI | PASS | 66.84 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| PAC | PASS | 72.53 | PASS | LOW | FAIL | 24.95 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=252.90, low=758.70, med=872.51)) |
| PNW | FAIL (FCF <= 0 (-819523000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BF-B | PASS | 42.5 | — | — | — | — | — | Passed Stage 2 |
| GFL | FAIL (P/E 99.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIPI | FAIL (P/E negative or zero (0.0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QXO | FAIL (Net margin -6.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TME | PASS | 63.87 | — | — | — | — | — | Passed Stage 2 |
| RDY | PASS | 39.28 | — | — | — | — | — | Passed Stage 2 |
| LDOS | PASS | 51.95 | — | — | — | — | — | Passed Stage 2 |
| APTV | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UHAL | FAIL (FCF <= 0 (-1359741000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNN | PASS | 41.54 | — | — | — | — | — | Passed Stage 2 |
| GGG | PASS | 52.84 | — | — | — | — | — | Passed Stage 2 |
| AVY | PASS | 24.27 | — | — | — | — | — | Passed Stage 2 |
| CR | PASS | 40.81 | — | — | — | — | — | Passed Stage 2 |
| DT | FAIL (P/E 80.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RVTY | FAIL (P/E 53.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGM | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FMS | FAIL (ROE 7.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| W | FAIL (Net margin -2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AIT | PASS | 43.76 | — | — | — | — | — | Passed Stage 2 |
| PEN | FAIL (P/E 72.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNX | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TYL | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCK | PASS | 38.76 | — | — | — | — | — | Passed Stage 2 |
| ONON | PASS | 46.74 | — | — | — | — | — | Passed Stage 2 |
| PNR | PASS | 44.99 | — | — | — | — | — | Passed Stage 2 |
| SJM | FAIL (Net margin -1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| U | FAIL (Net margin -35.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKM | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DINO | PASS | 13.85 | — | — | — | — | — | Passed Stage 2 |
| ELAN | FAIL (Net margin -4.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALLE | PASS | 45.48 | — | — | — | — | — | Passed Stage 2 |
| WTS | PASS | 40.67 | — | — | — | — | — | Passed Stage 2 |
| PAG | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLD | PASS | 32.42 | — | — | — | — | — | Passed Stage 2 |
| MOH | FAIL (FCF <= 0 (-636000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFII | PASS | 39.31 | — | — | — | — | — | Passed Stage 2 |
| WMS | PASS | 24.57 | — | — | — | — | — | Passed Stage 2 |
| CLX | PASS | 40.58 | — | — | — | — | — | Passed Stage 2 |
| EMBJ | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GMED | PASS | 51.51 | — | — | — | — | — | Passed Stage 2 |
| SPXC | PASS | 18.23 | — | — | — | — | — | Passed Stage 2 |
| XPEV | FAIL (Net margin -3.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NYT | PASS | 49.38 | — | — | — | — | — | Passed Stage 2 |
| NIO | FAIL (FCF <= 0 (-3072614000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BAX | FAIL (Net margin -9.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BJ | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GDDY | PASS | 61.55 | — | — | — | — | — | Passed Stage 2 |
| ESI | FAIL (P/E 74.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HII | PASS | 37.58 | — | — | — | — | — | Passed Stage 2 |
| VMI | PASS | 24.44 | — | — | — | — | — | Passed Stage 2 |
| AM | PASS | 51.81 | — | — | — | — | — | Passed Stage 2 |
| ARW | FAIL (FCF <= 0 (-37205000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AYI | PASS | 43.92 | — | — | — | — | — | Passed Stage 2 |
| WTRG | FAIL (FCF <= 0 (-419521000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OC | FAIL (Net margin -5.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AR | PASS | 28.56 | — | — | — | — | — | Passed Stage 2 |
| AGX | FAIL (P/E 65.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MICC | PASS | 47.14 | — | — | — | — | — | Passed Stage 2 |
| BEP | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TIMB | PASS | 60.37 | — | — | — | — | — | Passed Stage 2 |
| AES | FAIL (FCF <= 0 (-1623000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SCI | PASS | 32.3 | — | — | — | — | — | Passed Stage 2 |
| CDE | PASS | 42.7 | — | — | — | — | — | Passed Stage 2 |
| HL | PASS | 51.32 | — | — | — | — | — | Passed Stage 2 |
| CRL | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DCI | PASS | 44.42 | — | — | — | — | — | Passed Stage 2 |
| OGE | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GWRE | FAIL (P/E 64.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| R | PASS | 8.31 | — | — | — | — | — | Passed Stage 2 |
| EHC | PASS | 46.25 | — | — | — | — | — | Passed Stage 2 |
| CACI | PASS | 10.07 | — | — | — | — | — | Passed Stage 2 |
| GTLS | FAIL (Net margin -0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALSN | PASS | 36.3 | — | — | — | — | — | Passed Stage 2 |
| WLK | FAIL (FCF <= 0 (-530000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HMY | PASS | 84.13 | PASS | LOW | FAIL | 163.51 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=15.54, low=46.63, med=53.62)) |
| TKR | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GME | PASS | 22.79 | — | — | — | — | — | Passed Stage 2 |
| NCLH | FAIL (FCF <= 0 (-1169860000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MUSA | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAVA | FAIL (P/E 156.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LEVI | PASS | 17.18 | — | — | — | — | — | Passed Stage 2 |
| MP | FAIL (FCF <= 0 (-328130000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLDR | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUZ | PASS | 44.45 | — | — | — | — | — | Passed Stage 2 |
| HUBS | FAIL (P/E 97.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSGS | FAIL (Net margin -2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OSK | PASS | 14.27 | — | — | — | — | — | Passed Stage 2 |
| SARO | PASS | 7.61 | — | — | — | — | — | Passed Stage 2 |
| PSO | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLS | PASS | 36.98 | — | — | — | — | — | Passed Stage 2 |
| ASR | PASS | 57.91 | — | — | — | — | — | Passed Stage 2 |
| HBM | PASS | 32.05 | — | — | — | — | — | Passed Stage 2 |
| TTC | PASS | 32.75 | — | — | — | — | — | Passed Stage 2 |
| CNM | PASS | 32.77 | — | — | — | — | — | Passed Stage 2 |
| IAG | PASS | 49.24 | — | — | — | — | — | Passed Stage 2 |
| LTH | FAIL (FCF <= 0 (-20958000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACM | PASS | 25.81 | — | — | — | — | — | Passed Stage 2 |
| UHS | PASS | 49.91 | — | — | — | — | — | Passed Stage 2 |
| BROS | FAIL (P/E 112.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUN | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIG | FAIL (Net margin -126.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRMB | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IT | PASS | 47.39 | — | — | — | — | — | Passed Stage 2 |
| DDS | PASS | 29.72 | — | — | — | — | — | Passed Stage 2 |
| PL | FAIL (Net margin -111.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALV | PASS | 50.65 | — | — | — | — | — | Passed Stage 2 |
| ESE | PASS | 53.11 | — | — | — | — | — | Passed Stage 2 |
| RRC | PASS | 37.27 | — | — | — | — | — | Passed Stage 2 |
| TX | FAIL (FCF <= 0 (-187229000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CIG-C | PASS | 37.4 | — | — | — | — | — | Passed Stage 2 |
| OKLO | FAIL (FCF <= 0 (-115379000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JOBY | FAIL (FCF <= 0 (-563811000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSD | PASS | 20.08 | — | — | — | — | — | Passed Stage 2 |
| AOS | PASS | 45.65 | — | — | — | — | — | Passed Stage 2 |
| ZWS | PASS | 42.21 | — | — | — | — | — | Passed Stage 2 |
| KT | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AGCO | FAIL (Rev growth -13.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GKOS | FAIL (FCF <= 0 (-54006000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IDA | FAIL (FCF <= 0 (-577489000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QBTS | FAIL (FCF <= 0 (-75844000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DAR | FAIL (ROE 4.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AG | PASS | 54.13 | — | — | — | — | — | Passed Stage 2 |
| LUMN | FAIL (Net margin -14.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GGB | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAE | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIRK | PASS | 37.83 | — | — | — | — | — | Passed Stage 2 |
| BIO | FAIL (ROE 2.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| QGEN | PASS | 19.08 | — | — | — | — | — | Passed Stage 2 |
| ENS | PASS | 41.01 | — | — | — | — | — | Passed Stage 2 |
| EMN | FAIL (ROE 6.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GIL | PASS | 34.17 | — | — | — | — | — | Passed Stage 2 |
| RAL | FAIL (Net margin -58.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YMM | PASS | 75.32 | PASS | LOW | FAIL | 59.52 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=7.72, low=23.16, med=26.63)) |
| ATR | PASS | 33.71 | — | — | — | — | — | Passed Stage 2 |
| NPO | FAIL (P/E 184.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECG | PASS | 31.31 | — | — | — | — | — | Passed Stage 2 |
| STN | PASS | 45.08 | — | — | — | — | — | Passed Stage 2 |
| FRO | PASS | 37.95 | — | — | — | — | — | Passed Stage 2 |
| HESM | PASS | 44.4 | — | — | — | — | — | Passed Stage 2 |
| TAP | FAIL (Net margin -18.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BVN | PASS | 40.63 | — | — | — | — | — | Passed Stage 2 |
| OSCR | FAIL (Net margin -0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KGS | FAIL (P/E 97.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHWY | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMC | PASS | 21.42 | — | — | — | — | — | Passed Stage 2 |
| VSH | FAIL (FCF <= 0 (-88985000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KLAR | FAIL (FCF <= 0 (-1035000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FSS | PASS | 45.97 | — | — | — | — | — | Passed Stage 2 |
| SOBO | FAIL (Rev growth -24.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UGI | PASS | 10.38 | — | — | — | — | — | Passed Stage 2 |
| CWEN | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HIMS | FAIL (Net margin -0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RSI | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNAP | FAIL (Net margin -6.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLR | FAIL (FCF <= 0 (-437000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KMX | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BAH | PASS | 43.96 | — | — | — | — | — | Passed Stage 2 |
| NFG | PASS | 49.87 | — | — | — | — | — | Passed Stage 2 |
| LOAR | FAIL (P/E 109.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ETSY | FAIL (ROE -25.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXTA | PASS | 37.13 | — | — | — | — | — | Passed Stage 2 |
| EDU | PASS | 24.13 | — | — | — | — | — | Passed Stage 2 |
| EAT | PASS | 55.86 | — | — | — | — | — | Passed Stage 2 |
| AROC | PASS | 49.76 | — | — | — | — | — | Passed Stage 2 |
| KEX | PASS | 38.76 | — | — | — | — | — | Passed Stage 2 |
| GTES | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CWAN | FAIL (Net margin -5.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MHK | FAIL (ROE 5.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NEU | PASS | 49.17 | — | — | — | — | — | Passed Stage 2 |
| HXL | FAIL (P/E 63.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GAP | PASS | 26.65 | — | — | — | — | — | Passed Stage 2 |
| JBTM | FAIL (ROE 3.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXP | PASS | 20.1 | — | — | — | — | — | Passed Stage 2 |
| ORA | FAIL (FCF <= 0 (-284675000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MOS | FAIL (FCF <= 0 (-534600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACA | FAIL (ROE 8.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAYC | PASS | 54.27 | — | — | — | — | — | Passed Stage 2 |
| VSXY | PASS | 19.75 | — | — | — | — | — | Passed Stage 2 |
| AVTR | FAIL (Net margin -8.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GVA | PASS | 38.9 | — | — | — | — | — | Passed Stage 2 |
| SGHC | PASS | 50.9 | — | — | — | — | — | Passed Stage 2 |
| COMP | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AWI | PASS | 56.91 | — | — | — | — | — | Passed Stage 2 |
| GOLF | PASS | 8.64 | — | — | — | — | — | Passed Stage 2 |
| LEA | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| M | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VFC | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ST | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSCO | PASS | 20.01 | — | — | — | — | — | Passed Stage 2 |
| VIST | FAIL (FCF <= 0 (-821617790)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAG | FAIL (Net margin -0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMSC | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOV | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BB | FAIL (P/E 117.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMSD | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BYD | PASS | 42.58 | — | — | — | — | — | Passed Stage 2 |
| LAD | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACI | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMHC | PASS | 47.14 | — | — | — | — | — | Passed Stage 2 |
| MSM | PASS | 10.23 | — | — | — | — | — | Passed Stage 2 |
| SWX | FAIL (FCF <= 0 (-251790000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSA | PASS | 23.91 | — | — | — | — | — | Passed Stage 2 |
| WH | PASS | 21.26 | — | — | — | — | — | Passed Stage 2 |
| CPA | PASS | 49.15 | — | — | — | — | — | Passed Stage 2 |
| ICL | FAIL (ROE 4.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GATX | FAIL (FCF <= 0 (-683600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIPS | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXE | FAIL (FCF <= 0 (-77688636)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FND | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AN | FAIL (FCF <= 0 (-197500000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| INGM | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNDR | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXNM | FAIL (FCF <= 0 (-611433000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCOR | FAIL (Net margin -5.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SM | FAIL (ROE 2.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EGO | FAIL (FCF <= 0 (-195406848)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IBP | PASS | 34.81 | — | — | — | — | — | Passed Stage 2 |
| SBSW | FAIL (Net margin -4.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LW | PASS | 4.57 | — | — | — | — | — | Passed Stage 2 |
| SSL | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTDR | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFPM | PASS | 36.12 | — | — | — | — | — | Passed Stage 2 |
| KRMN | FAIL (FCF <= 0 (-42455000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CIG | PASS | 37.4 | — | — | — | — | — | Passed Stage 2 |
| CHE | PASS | 34.2 | — | — | — | — | — | Passed Stage 2 |
| INGR | PASS | 20.51 | — | — | — | — | — | Passed Stage 2 |
| ESAB | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPHR | FAIL (FCF <= 0 (-309411000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NE | FAIL (ROE 5.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENIC | FAIL (Rev growth -99.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HNGE | FAIL (Net margin -78.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| POR | FAIL (FCF <= 0 (-71000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OR | PASS | 56.2 | — | — | — | — | — | Passed Stage 2 |
| ALK | FAIL (FCF <= 0 (-339000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTRN | FAIL (P/E 77.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MATX | PASS | 15.7 | — | — | — | — | — | Passed Stage 2 |
| ESTC | PASS | 65.8 | — | — | — | — | — | Passed Stage 2 |
| BLCO | FAIL (FCF <= 0 (-66000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NJR | FAIL (FCF <= 0 (-239729000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKH | FAIL (FCF <= 0 (-146400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GXO | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TAL | PASS | 61.91 | — | — | — | — | — | Passed Stage 2 |
| LPX | FAIL (P/E 69.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFX | FAIL (Net margin -35.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AIR | PASS | 6.22 | — | — | — | — | — | Passed Stage 2 |
| MTH | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLF | FAIL (FCF <= 0 (-1023000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BC | FAIL (Net margin -2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRM | FAIL (Net margin -26.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PATH | PASS | 39.67 | — | — | — | — | — | Passed Stage 2 |
| BEPC | FAIL (FCF <= 0 (-633000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OGC | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| YOU | PASS | 64.57 | — | — | — | — | — | Passed Stage 2 |
| TEO | FAIL (ROE 5.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEI | FAIL (FCF <= 0 (-437653000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FBIN | PASS | 15.2 | — | — | — | — | — | Passed Stage 2 |
| PSN | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SON | PASS | 53.27 | — | — | — | — | — | Passed Stage 2 |
| CE | FAIL (Net margin -11.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BOOT | PASS | 17.06 | — | — | — | — | — | Passed Stage 2 |
| S | FAIL (Net margin -30.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AGRO | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UGP | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MANE | FAIL (FCF <= 0 (-71626000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VAL | PASS | 40.9 | — | — | — | — | — | Passed Stage 2 |
| WFG | FAIL (FCF <= 0 (-317203014)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNF | FAIL (FCF <= 0 (-69600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TEX | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TKC | FAIL (Rev growth -96.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SITE | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TREX | PASS | 17.38 | — | — | — | — | — | Passed Stage 2 |
| CHH | PASS | 23.46 | — | — | — | — | — | Passed Stage 2 |
| VVV | FAIL (P/E 60.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SXT | PASS | 5.17 | — | — | — | — | — | Passed Stage 2 |
| DLB | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBF | FAIL (FCF <= 0 (-783200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRIM | PASS | 45.57 | — | — | — | — | — | Passed Stage 2 |
| HRI | FAIL (FCF <= 0 (-135000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GHC | FAIL (ROE 6.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LB | PASS | 42.77 | — | — | — | — | — | Passed Stage 2 |
| OGS | FAIL (FCF <= 0 (-128393000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MUR | FAIL (Rev growth -10.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGY | PASS | 28.26 | — | — | — | — | — | Passed Stage 2 |
| MDA | FAIL (P/E 60.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMTM | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GBTG | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTN | PASS | 22.86 | — | — | — | — | — | Passed Stage 2 |
| SLGN | PASS | 12.66 | — | — | — | — | — | Passed Stage 2 |
| SKY | PASS | 18.68 | — | — | — | — | — | Passed Stage 2 |
| TNL | FAIL (ROE -25.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STVN | FAIL (ROE 9.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UNF | FAIL (ROE 6.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TBBB | FAIL (Net margin -3.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| G | PASS | 56.66 | — | — | — | — | — | Passed Stage 2 |
| CBT | PASS | 19.53 | — | — | — | — | — | Passed Stage 2 |
| WEX | PASS | 31.05 | — | — | — | — | — | Passed Stage 2 |
| SR | FAIL (FCF <= 0 (-344400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNX | PASS | 76.93 | PASS | LOW | FAIL | 77.01 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=33.73, low=34.20, med=101.19)) |
| CRC | FAIL (Net margin -13.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LION | FAIL (Net margin -7.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZETA | FAIL (Net margin -1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HRB | FAIL (ROE -225.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AZZ | PASS | 57.24 | — | — | — | — | — | Passed Stage 2 |
| ADT | PASS | 46.59 | — | — | — | — | — | Passed Stage 2 |
| BIPC | FAIL (Net margin -20.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| REZI | FAIL (FCF <= 0 (-1253000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BDC | PASS | 24.65 | — | — | — | — | — | Passed Stage 2 |
| AQN | FAIL (FCF <= 0 (-181421235)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RIG | FAIL (Net margin -66.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSW | PASS | 19.7 | — | — | — | — | — | Passed Stage 2 |
| BBWI | FAIL (ROE -52.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KTB | PASS | 65.57 | — | — | — | — | — | Passed Stage 2 |
| MDU | FAIL (FCF <= 0 (-318600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FCN | PASS | 12.63 | — | — | — | — | — | Passed Stage 2 |
| ALH | PASS | 43.9 | — | — | — | — | — | Passed Stage 2 |
| MIR | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TGS | PASS | 79.06 | PASS | LOW | FAIL | 89.81 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=29.75, low=89.25, med=102.64)) |
| RXO | FAIL (FCF <= 0 (-8000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OPLN | PASS | 40.46 | — | — | — | — | — | Passed Stage 2 |
| KVYO | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFF | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATMU | PASS | 35.27 | — | — | — | — | — | Passed Stage 2 |
| PAM | FAIL (FCF <= 0 (-283160740)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVST | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LBRT | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPGI | FAIL (FCF <= 0 (-23269000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EE | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STUB | FAIL (Net margin -102.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVSA | PASS | 38.14 | — | — | — | — | — | Passed Stage 2 |
| FOUR | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HGV | PASS | 5.32 | — | — | — | — | — | Passed Stage 2 |
| CSTM | PASS | 27.31 | — | — | — | — | — | Passed Stage 2 |
| HCC | FAIL (FCF <= 0 (-91015000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRC | PASS | 45.07 | — | — | — | — | — | Passed Stage 2 |
| KBR | PASS | 37.41 | — | — | — | — | — | Passed Stage 2 |
| EPAM | PASS | 48.87 | — | — | — | — | — | Passed Stage 2 |
| MHO | PASS | 9.95 | — | — | — | — | — | Passed Stage 2 |
| CRK | FAIL (FCF <= 0 (-449673000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TPC | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLNT | FAIL (ROE -69.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MWA | PASS | 23.59 | — | — | — | — | — | Passed Stage 2 |
| VNT | PASS | 48.85 | — | — | — | — | — | Passed Stage 2 |
| CAAP | PASS | 45.08 | — | — | — | — | — | Passed Stage 2 |
| ANDG | FAIL (Net margin -6.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PII | FAIL (Net margin -6.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SXI | PASS | 6.23 | — | — | — | — | — | Passed Stage 2 |
| CNR | FAIL (Net margin -1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BMI | PASS | 49.33 | — | — | — | — | — | Passed Stage 2 |
| TAC | FAIL (Net margin -7.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| THO | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TDS | FAIL (Rev growth -75.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMG | FAIL (ROE -33.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANF | PASS | 35.45 | — | — | — | — | — | Passed Stage 2 |
| GEO | FAIL (FCF <= 0 (-124901000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| POST | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELF | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OII | PASS | 55.82 | — | — | — | — | — | Passed Stage 2 |
| MANU | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INSW | FAIL (Rev growth -11.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOCS | PASS | 57.06 | — | — | — | — | — | Passed Stage 2 |
| CNK | PASS | 39.32 | — | — | — | — | — | Passed Stage 2 |
| PHI | PASS | 62.86 | — | — | — | — | — | Passed Stage 2 |
| KBH | FAIL (Rev growth -10.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YETI | PASS | 47.21 | — | — | — | — | — | Passed Stage 2 |
| BCO | PASS | 44.05 | — | — | — | — | — | Passed Stage 2 |
| CON | PASS | 24.11 | — | — | — | — | — | Passed Stage 2 |
| LPL | FAIL (Net margin -0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KAI | PASS | 34.31 | — | — | — | — | — | Passed Stage 2 |
| ABG | PASS | 28.27 | — | — | — | — | — | Passed Stage 2 |
| MSGE | FAIL (P/E 73.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKD | FAIL (Net margin -6.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAP | FAIL (FCF <= 0 (-298000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BETA | FAIL (FCF <= 0 (-313245000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LRN | PASS | 59.77 | — | — | — | — | — | Passed Stage 2 |
| ACHR | FAIL (FCF <= 0 (-511700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BFAM | PASS | 36.52 | — | — | — | — | — | Passed Stage 2 |
| DTW | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BOX | PASS | 36.93 | — | — | — | — | — | Passed Stage 2 |
| KNTK | FAIL (ROE -16.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KFY | PASS | 32.48 | — | — | — | — | — | Passed Stage 2 |
| STNG | FAIL (Rev growth -24.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WHD | FAIL (ROE 6.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPI | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WRBY | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAYW | PASS | 46.43 | — | — | — | — | — | Passed Stage 2 |
| TTAM | PASS | 41.66 | — | — | — | — | — | Passed Stage 2 |
| MNSO | PASS | 51.08 | — | — | — | — | — | Passed Stage 2 |
| OGN | PASS | 36.02 | — | — | — | — | — | Passed Stage 2 |
| BILL | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLSH | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZGN | PASS | 36.25 | — | — | — | — | — | Passed Stage 2 |
| DTG | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AADX | FAIL (FCF <= 0 (-46374000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAE | PASS | 25.82 | — | — | — | — | — | Passed Stage 2 |
| DAN | FAIL (Rev growth -27.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DTB | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAFN | FAIL (Rev growth -18.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPP | FAIL (Net margin -1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VAC | FAIL (FCF <= 0 (-29000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVNT | FAIL (ROE 6.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRBK | PASS | 46.38 | — | — | — | — | — | Passed Stage 2 |
| CALY | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEF | FAIL (FCF <= 0 (-85200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVA | FAIL (FCF <= 0 (-101000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FUL | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIG | PASS | 29.35 | — | — | — | — | — | Passed Stage 2 |
| KEN | FAIL (ROE 5.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PVH | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KN | FAIL (P/E 61.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| YSS | FAIL (FCF <= 0 (-130185000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HP | FAIL (Net margin -9.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RHI | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TDW | PASS | 60.21 | — | — | — | — | — | Passed Stage 2 |
| CRGY | FAIL (FCF <= 0 (-89752000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKE | FAIL (FCF <= 0 (-352914163)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BHE | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RNG | FAIL (ROE -16.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPK | FAIL (FCF <= 0 (-81000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AWR | FAIL (FCF <= 0 (-7092000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMBT | FAIL (FCF <= 0 (-628341826)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CGAU | PASS | 40.7 | — | — | — | — | — | Passed Stage 2 |
| AD | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UZD | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UZE | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UZF | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NATL | PASS | 34.4 | — | — | — | — | — | Passed Stage 2 |
| ITGR | FAIL (ROE 8.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| USAC | PASS | 53.38 | — | — | — | — | — | Passed Stage 2 |
| PHIN | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LEU | FAIL (P/E 50.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARIS | PASS | 24.0 | — | — | — | — | — | Passed Stage 2 |
| RCUS | FAIL (FCF <= 0 (-484000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CC | FAIL (Net margin -7.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTRI | FAIL (FCF <= 0 (-8204000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TDC | PASS | 41.81 | — | — | — | — | — | Passed Stage 2 |
| ZIM | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EFXT | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPK | FAIL (FCF <= 0 (-214900000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMR | FAIL (FCF <= 0 (-460118000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RH | PASS | 24.63 | — | — | — | — | — | Passed Stage 2 |
| QTWO | PASS | 47.97 | — | — | — | — | — | Passed Stage 2 |
| BSM | PASS | 41.87 | — | — | — | — | — | Passed Stage 2 |
| AEO | PASS | 22.59 | — | — | — | — | — | Passed Stage 2 |
| HLIO | FAIL (ROE 6.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UNFI | FAIL (Net margin -0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DBD | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAY | PASS | 51.46 | — | — | — | — | — | Passed Stage 2 |
| CWT | FAIL (FCF <= 0 (-214430000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VGNT | PASS | 44.16 | — | — | — | — | — | Passed Stage 2 |
| DK | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASH | FAIL (FCF <= 0 (-4000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPOR | PASS | 55.99 | — | — | — | — | — | Passed Stage 2 |
| AAUC | FAIL (Net margin -9.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTE | FAIL (Net margin -139.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUNC | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRN | FAIL (FCF <= 0 (-435200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAH | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROG | FAIL (Net margin -6.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MMS | PASS | 42.48 | — | — | — | — | — | Passed Stage 2 |
| BTU | FAIL (Net margin -3.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TR | PASS | 37.16 | — | — | — | — | — | Passed Stage 2 |
| BCC | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSAN | FAIL (Net margin -23.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NP | FAIL (ROE -11.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DHT | FAIL (FCF <= 0 (-33292000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKV | FAIL (FCF <= 0 (-57458000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SA | FAIL (FCF <= 0 (-152306778)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CXT | PASS | 14.29 | — | — | — | — | — | Passed Stage 2 |
| WOR | PASS | 24.9 | — | — | — | — | — | Passed Stage 2 |
| KWR | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ERO | PASS | 39.75 | — | — | — | — | — | Passed Stage 2 |
| IHS | FAIL (ROE -87.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMBP | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WK | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATS | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PARR | PASS | 29.16 | — | — | — | — | — | Passed Stage 2 |
| KMT | PASS | 20.84 | — | — | — | — | — | Passed Stage 2 |
| CVI | FAIL (FCF <= 0 (-41000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTOS | FAIL (FCF <= 0 (-107589000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DKL | FAIL (FCF <= 0 (-30644000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NGVT | FAIL (Net margin -10.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UAA | FAIL (FCF <= 0 (-162163000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DCO | FAIL (FCF <= 0 (-48643000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRDN | PASS | 49.94 | — | — | — | — | — | Passed Stage 2 |
| AERO | FAIL (Net margin -41.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABM | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HOG | FAIL (Rev growth -13.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BWLP | PASS | 32.18 | — | — | — | — | — | Passed Stage 2 |
| ATKR | FAIL (Net margin -4.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAGS | PASS | 30.51 | — | — | — | — | — | Passed Stage 2 |
| UA | FAIL (FCF <= 0 (-162163000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FSM | PASS | 63.93 | — | — | — | — | — | Passed Stage 2 |
| SEAL-PB | FAIL (Rev growth -10.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRND | PASS | 64.61 | — | — | — | — | — | Passed Stage 2 |
| NIQ | FAIL (Net margin -7.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GMTL | FAIL (FCF <= 0 (-1190601)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WLY | PASS | 32.49 | — | — | — | — | — | Passed Stage 2 |
| WHR | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATEN | FAIL (P/E 55.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KD | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OLN | FAIL (Net margin -1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTX | FAIL (ROE 9.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRTN-PC | FAIL (FCF <= 0 (-58202000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WLYB | PASS | 35.63 | — | — | — | — | — | Passed Stage 2 |
| EXK | FAIL (FCF <= 0 (-116606134)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBI | FAIL (ROE -23.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SDRL | FAIL (FCF <= 0 (-138000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WOLF | FAIL (FCF <= 0 (-1988400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| INFQ | FAIL (FCF <= 0 (-2272729)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRC | PASS | 9.52 | — | — | — | — | — | Passed Stage 2 |
| TNK | FAIL (Rev growth -22.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HE | FAIL (ROE 8.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBH | PASS | 25.85 | — | — | — | — | — | Passed Stage 2 |
| LCII | PASS | 22.13 | — | — | — | — | — | Passed Stage 2 |
| BFLY | FAIL (FCF <= 0 (-16048000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EROK | FAIL (Net margin -101.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHAK | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TNET | PASS | 39.26 | — | — | — | — | — | Passed Stage 2 |
| UTI | FAIL (P/E 52.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RLX | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VVX | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CALX | FAIL (P/E 68.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RAMP | PASS | 52.97 | — | — | — | — | — | Passed Stage 2 |
| IMAX | FAIL (P/E 60.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FUN | FAIL (FCF <= 0 (-152198000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DAC | PASS | 43.19 | — | — | — | — | — | Passed Stage 2 |
| BKE | PASS | 43.12 | — | — | — | — | — | Passed Stage 2 |
| CPRI | FAIL (Rev growth -21.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TALO | FAIL (Net margin -42.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRKS | FAIL (ROE -35.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CEPU | PASS | 85.41 | PASS | LOW | FAIL | 16686.99 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=14.78, low=44.34, med=50.99)) |
| BGSI | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELPC | PASS | 45.24 | — | — | — | — | — | Passed Stage 2 |
| KSS | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AIN | FAIL (Net margin -4.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HNI | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWN | FAIL (FCF <= 0 (-197769000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AESI | FAIL (FCF <= 0 (-30925000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MNR | PASS | 29.9 | — | — | — | — | — | Passed Stage 2 |
| BOBS | PASS | 43.64 | — | — | — | — | — | Passed Stage 2 |
| CCU | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMR | FAIL (Net margin -1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOG | FAIL (Net margin -30.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAWK | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCS | FAIL (ROE 5.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRSL | FAIL (FCF <= 0 (-415000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAM | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALG | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEM | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WTTR | FAIL (FCF <= 0 (-79889000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDLR | FAIL (FCF <= 0 (-862504680)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLOC | PASS | 54.58 | — | — | — | — | — | Passed Stage 2 |
| SPB | FAIL (ROE 6.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MD | PASS | 47.74 | — | — | — | — | — | Passed Stage 2 |
| HUN | FAIL (Net margin -5.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVDA | PASS | 74.42 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| AAPL | PASS | 35.18 | — | — | — | — | — | Passed Stage 2 |
| GOOGL | PASS | 50.48 | — | — | — | — | — | Passed Stage 2 |
| GOOG | PASS | 50.48 | — | — | — | — | — | Passed Stage 2 |
| MSFT | PASS | 45.24 | — | — | — | — | — | Passed Stage 2 |
| AMZN | PASS | 21.48 | — | — | — | — | — | Passed Stage 2 |
| SPCX | FAIL (FCF <= 0 (-13952000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVGO | FAIL (P/E 59.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TSLA | FAIL (P/E 315.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| META | PASS | 65.86 | — | — | — | — | — | Passed Stage 2 |
| MU | PASS | 71.88 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| WMT | PASS | 22.71 | — | — | — | — | — | Passed Stage 2 |
| AMD | FAIL (P/E 169.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASML | FAIL (P/E 61.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| INTC | FAIL (FCF <= 0 (-4949000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMAT | FAIL (P/E 58.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LRCX | FAIL (P/E 71.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSCO | PASS | 26.88 | — | — | — | — | — | Passed Stage 2 |
| COST | PASS | 45.43 | — | — | — | — | — | Passed Stage 2 |
| ARM | FAIL (P/E 397.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KLAC | FAIL (P/E 69.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NFLX | PASS | 65.74 | — | — | — | — | — | Passed Stage 2 |
| SNDK | FAIL (FCF <= 0 (-120000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXN | PASS | 30.68 | — | — | — | — | — | Passed Stage 2 |
| PLTR | FAIL (P/E 117.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LIN | PASS | 17.09 | — | — | — | — | — | Passed Stage 2 |
| MRVL | FAIL (P/E 90.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PANW | FAIL (P/E 255.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WDC | PASS | 44.73 | — | — | — | — | — | Passed Stage 2 |
| STX | FAIL (P/E 81.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| QCOM | PASS | 61.32 | — | — | — | — | — | Passed Stage 2 |
| TMUS | PASS | 44.34 | — | — | — | — | — | Passed Stage 2 |
| AMGN | PASS | 31.78 | — | — | — | — | — | Passed Stage 2 |
| PEP | PASS | 34.17 | — | — | — | — | — | Passed Stage 2 |
| ADI | FAIL (P/E 57.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRWD | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HONIV | PASS | 21.29 | — | — | — | — | — | Passed Stage 2 |
| APP | PASS | 74.36 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| GILD | PASS | 44.67 | — | — | — | — | — | Passed Stage 2 |
| SHOP | FAIL (P/E 113.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HON | PASS | 24.28 | — | — | — | — | — | Passed Stage 2 |
| ISRG | PASS | 39.27 | — | — | — | — | — | Passed Stage 2 |
| BKNG | FAIL (ROE -95.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VRTX | PASS | 32.3 | — | — | — | — | — | Passed Stage 2 |
| SBUX | FAIL (P/E 79.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTNT | FAIL (P/E 58.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PDD | PASS | 77.2 | PASS | LOW | FAIL | 92.39 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=76.55, low=229.65, med=264.10)) |
| CDNS | FAIL (P/E 87.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNY | PASS | 35.01 | — | — | — | — | — | Passed Stage 2 |
| MAR | FAIL (ROE -74.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CEG | PASS | 20.64 | — | — | — | — | — | Passed Stage 2 |
| MNST | PASS | 53.35 | — | — | — | — | — | Passed Stage 2 |
| ADP | PASS | 55.69 | — | — | — | — | — | Passed Stage 2 |
| CSX | PASS | 14.07 | — | — | — | — | — | Passed Stage 2 |
| SNPS | FAIL (P/E 102.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABNB | PASS | 45.53 | — | — | — | — | — | Passed Stage 2 |
| DDOG | FAIL (P/E 623.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MELI | PASS | 64.52 | — | — | — | — | — | Passed Stage 2 |
| CMCSA | PASS | 56.1 | — | — | — | — | — | Passed Stage 2 |
| ADBE | PASS | 62.57 | — | — | — | — | — | Passed Stage 2 |
| DASH | FAIL (P/E 85.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTES | PASS | 74.39 | PASS | LOW | FAIL | 56.46 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=123.71, low=371.13, med=426.80)) |
| MDLZ | PASS | 9.4 | — | — | — | — | — | Passed Stage 2 |
| AEP | PASS | 20.79 | — | — | — | — | — | Passed Stage 2 |
| ORLY | FAIL (ROE -263.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INTU | PASS | 52.19 | — | — | — | — | — | Passed Stage 2 |
| HONAV | FAIL (P/E 54.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXPI | PASS | 19.15 | — | — | — | — | — | Passed Stage 2 |
| CTAS | PASS | 41.83 | — | — | — | — | — | Passed Stage 2 |
| ROST | PASS | 53.66 | — | — | — | — | — | Passed Stage 2 |
| TER | FAIL (P/E 80.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALAB | FAIL (P/E 246.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WBD | FAIL (Net margin -4.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| REGN | PASS | 29.02 | — | — | — | — | — | Passed Stage 2 |
| MPWR | FAIL (P/E 94.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LITE | FAIL (FCF <= 0 (-104700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCAR | FAIL (Rev growth -15.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NBIS | FAIL (FCF <= 0 (-3681200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKR | PASS | 41.71 | — | — | — | — | — | Passed Stage 2 |
| ARGX | FAIL (P/E 50.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FAST | PASS | 39.19 | — | — | — | — | — | Passed Stage 2 |
| FLEX | FAIL (P/E 63.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRWV | FAIL (FCF <= 0 (-7251000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EA | FAIL (P/E 57.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| XEL | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FANG | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FER | PASS | 29.84 | — | — | — | — | — | Passed Stage 2 |
| RKLB | FAIL (FCF <= 0 (-321806000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXC | FAIL (FCF <= 0 (-2275000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EBAY | PASS | 30.57 | — | — | — | — | — | Passed Stage 2 |
| MCHP | FAIL (P/E 331.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ODFL | PASS | 25.71 | — | — | — | — | — | Passed Stage 2 |
| KDP | FAIL (ROE 7.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCEP | PASS | 17.53 | — | — | — | — | — | Passed Stage 2 |
| CRDO | FAIL (P/E 90.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTWO | FAIL (Net margin -4.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UAL | PASS | 14.58 | — | — | — | — | — | Passed Stage 2 |
| GFS | FAIL (P/E 56.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| IDXX | PASS | 60.26 | — | — | — | — | — | Passed Stage 2 |
| ADSK | PASS | 48.64 | — | — | — | — | — | Passed Stage 2 |
| CBRS | FAIL (FCF <= 0 (-392789000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALNY | FAIL (P/E 66.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RVMD | FAIL (FCF <= 0 (-913731000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTRA | FAIL (Net margin -9.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXON | FAIL (P/E 180.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRI | PASS | 36.35 | — | — | — | — | — | Passed Stage 2 |
| ERIC | FAIL (Rev growth -14.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KMB | FAIL (Rev growth -14.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAYX | PASS | 56.28 | — | — | — | — | — | Passed Stage 2 |
| ON | FAIL (Rev growth -15.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIDU | FAIL (FCF <= 0 (-16430000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STLD | PASS | 9.1 | — | — | — | — | — | Passed Stage 2 |
| JD | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROP | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RYAAY | PASS | 30.33 | — | — | — | — | — | Passed Stage 2 |
| ESLT | FAIL (P/E 55.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MDLN | FAIL (ROE 6.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WDAY | PASS | 44.39 | — | — | — | — | — | Passed Stage 2 |
| VOD | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIIB | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXPE | PASS | 46.79 | — | — | — | — | — | Passed Stage 2 |
| GEHC | PASS | 14.19 | — | — | — | — | — | Passed Stage 2 |
| ONC | PASS | 26.71 | — | — | — | — | — | Passed Stage 2 |
| NTAP | PASS | 61.47 | — | — | — | — | — | Passed Stage 2 |
| ASTS | FAIL (FCF <= 0 (-1136258000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CASY | PASS | 31.54 | — | — | — | — | — | Passed Stage 2 |
| CPRT | PASS | 44.0 | — | — | — | — | — | Passed Stage 2 |
| MTSI | FAIL (P/E 155.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KHC | FAIL (Net margin -23.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INIO | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SATS | FAIL (FCF <= 0 (-1065104000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TSEM | FAIL (FCF <= 0 (-41079000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DXCM | PASS | 59.55 | — | — | — | — | — | Passed Stage 2 |
| ILMN | PASS | 52.53 | — | — | — | — | — | Passed Stage 2 |
| MRNA | FAIL (FCF <= 0 (-2065000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTAI | FAIL (FCF <= 0 (-1063182000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AFRM | FAIL (P/E 69.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SYM | FAIL (Net margin -0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JBHT | PASS | 11.44 | — | — | — | — | — | Passed Stage 2 |
| FISV | PASS | 39.72 | — | — | — | — | — | Passed Stage 2 |
| MKSI | FAIL (P/E 79.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TCOM | PASS | 83.87 | PASS | LOW | FAIL | 92.05 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=40.89, low=122.67, med=141.07)) |
| WWD | FAIL (P/E 50.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FSLR | PASS | 38.89 | — | — | — | — | — | Passed Stage 2 |
| ZM | PASS | 55.27 | — | — | — | — | — | Passed Stage 2 |
| MDB | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STRF | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STRL | FAIL (P/E 71.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENTG | FAIL (P/E 92.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROIV | FAIL (FCF <= 0 (-758558000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSTR | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RPRX | PASS | 32.53 | — | — | — | — | — | Passed Stage 2 |
| VRSK | FAIL (ROE -2137.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DLTR | PASS | 50.22 | — | — | — | — | — | Passed Stage 2 |
| VRSN | FAIL (ROE -40.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FWONK | PASS | 29.98 | — | — | — | — | — | Passed Stage 2 |
| BNTX | FAIL (Net margin -44.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UTHR | PASS | 50.49 | — | — | — | — | — | Passed Stage 2 |
| INCY | PASS | 48.49 | — | — | — | — | — | Passed Stage 2 |
| INSM | FAIL (FCF <= 0 (-967575000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FFIV | PASS | 52.48 | — | — | — | — | — | Passed Stage 2 |
| STRC | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FOXA | PASS | 55.2 | — | — | — | — | — | Passed Stage 2 |
| ZS | FAIL (Net margin -2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FWONA | PASS | 30.38 | — | — | — | — | — | Passed Stage 2 |
| EXE | PASS | 56.7 | — | — | — | — | — | Passed Stage 2 |
| CHRW | PASS | 18.79 | — | — | — | — | — | Passed Stage 2 |
| ULTA | PASS | 32.37 | — | — | — | — | — | Passed Stage 2 |
| TEAM | FAIL (Net margin -3.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OKTA | FAIL (P/E 88.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FOX | PASS | 56.98 | — | — | — | — | — | Passed Stage 2 |
| EVRG | FAIL (FCF <= 0 (-751700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROKU | FAIL (P/E 99.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LNT | FAIL (FCF <= 0 (-1314000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTMI | FAIL (FCF <= 0 (-683000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMCI | PASS | 30.54 | — | — | — | — | — | Passed Stage 2 |
| GH | FAIL (FCF <= 0 (-233066000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RIVN | FAIL (FCF <= 0 (-2489000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMKR | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VTRS | FAIL (Net margin -2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LSCC | FAIL (P/E 952.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTSH | PASS | 39.57 | — | — | — | — | — | Passed Stage 2 |
| CHTR | PASS | 36.2 | — | — | — | — | — | Passed Stage 2 |
| TLN | FAIL (Net margin -0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SITM | FAIL (Net margin -6.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDW | PASS | 25.92 | — | — | — | — | — | Passed Stage 2 |
| NBIX | PASS | 57.75 | — | — | — | — | — | Passed Stage 2 |
| KSPI | PASS | 67.97 | PASS | LOW | FAIL | 9.94 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=88.95, low=266.85, med=306.88)) |
| NDSN | PASS | 28.42 | — | — | — | — | — | Passed Stage 2 |
| AKAM | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TSCO | PASS | 31.89 | — | — | — | — | — | Passed Stage 2 |
| ASND | FAIL (ROE -5641.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXT | PASS | 56.89 | — | — | — | — | — | Passed Stage 2 |
| GMAB | FAIL (Rev growth -82.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STRK | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STRD | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWS | FAIL (ROE 4.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVMI | FAIL (P/E 59.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECHO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAA | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSNC | PASS | 41.92 | — | — | — | — | — | Passed Stage 2 |
| VNOM | FAIL (FCF <= 0 (-1371000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MEDP | PASS | 61.16 | — | — | — | — | — | Passed Stage 2 |
| TIGO | PASS | 54.73 | — | — | — | — | — | Passed Stage 2 |
| COKE | PASS | 48.68 | — | — | — | — | — | Passed Stage 2 |
| VICR | FAIL (P/E 107.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEN | PASS | 63.82 | — | — | — | — | — | Passed Stage 2 |
| LECO | PASS | 44.86 | — | — | — | — | — | Passed Stage 2 |
| JAZZ | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGLD | FAIL (FCF <= 0 (-459907000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWSA | FAIL (ROE 4.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IESC | PASS | 46.84 | — | — | — | — | — | Passed Stage 2 |
| GRAB | FAIL (ROE 5.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WMG | PASS | 29.38 | — | — | — | — | — | Passed Stage 2 |
| LOGI | PASS | 58.99 | — | — | — | — | — | Passed Stage 2 |
| SMTC | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| COO | FAIL (P/E 60.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXEL | PASS | 51.68 | — | — | — | — | — | Passed Stage 2 |
| BBIO | FAIL (FCF <= 0 (-447007000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHKP | PASS | 53.98 | — | — | — | — | — | Passed Stage 2 |
| BTSG | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTNX | FAIL (ROE -37.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IONS | FAIL (FCF <= 0 (-320027000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTC | PASS | 69.17 | PASS | MEDIUM | FAIL | 26.78 | 0.31:1 | Rejected (Stage 4: Asymmetry 0.3:1 < 2:1 (price=115.72, low=53.99, med=135.03)) |
| LULU | PASS | 57.0 | — | — | — | — | — | Passed Stage 2 |
| AEIS | FAIL (P/E 68.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOLS | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HTHT | PASS | 74.5 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| ICLR | FAIL (ROE 4.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXRH | PASS | 26.26 | — | — | — | — | — | Passed Stage 2 |
| WULF | FAIL (FCF <= 0 (-1183369000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALGN | PASS | 33.09 | — | — | — | — | — | Passed Stage 2 |
| DKNG | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SANM | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AUR | FAIL (FCF <= 0 (-612000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXSM | FAIL (FCF <= 0 (-93885000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RMBS | FAIL (P/E 53.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WSE | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LI | FAIL (FCF <= 0 (-12816914000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENLT | FAIL (FCF <= 0 (-5499190913)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAS | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZBRA | PASS | 12.06 | — | — | — | — | — | Passed Stage 2 |
| MDGL | FAIL (FCF <= 0 (-190020000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAL | FAIL (FCF <= 0 (-680000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRMB | FAIL (ROE 8.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIAV | FAIL (Net margin -4.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| APA | PASS | 44.34 | — | — | — | — | — | Passed Stage 2 |
| SAIA | PASS | 18.49 | — | — | — | — | — | Passed Stage 2 |
| LFUS | FAIL (Net margin -1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BMRN | FAIL (ROE 4.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DRS | PASS | 34.23 | — | — | — | — | — | Passed Stage 2 |
| APLD | FAIL (FCF <= 0 (-797005000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CART | PASS | 52.97 | — | — | — | — | — | Passed Stage 2 |
| APC | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TECH | FAIL (P/E 100.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARWR | FAIL (Net margin -48.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CGNX | FAIL (P/E 77.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KRYS | PASS | 63.68 | — | — | — | — | — | Passed Stage 2 |
| PODD | PASS | 52.91 | — | — | — | — | — | Passed Stage 2 |
| AAOI | FAIL (FCF <= 0 (-353576000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMMT | FAIL (FCF <= 0 (-240153327)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALGM | FAIL (Net margin -1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FROG | FAIL (Net margin -10.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSKY | FAIL (Net margin -2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WYNN | FAIL (ROE -115.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIVE | PASS | 46.93 | — | — | — | — | — | Passed Stage 2 |
| AAON | FAIL (FCF <= 0 (-191424000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GSAT | FAIL (Net margin -4.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIMO | PASS | 21.76 | — | — | — | — | — | Passed Stage 2 |
| SWKS | FAIL (ROE 6.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CYTK | FAIL (FCF <= 0 (-534816000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| POWL | FAIL (P/E 54.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FORM | FAIL (P/E 148.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DPZ | FAIL (ROE -15.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SFD | PASS | 46.93 | — | — | — | — | — | Passed Stage 2 |
| TEM | FAIL (FCF <= 0 (-239139000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LGN | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAYP | PASS | 91.34 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| HSIC | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JKHY | PASS | 39.85 | — | — | — | — | — | Passed Stage 2 |
| LLYVK | FAIL (FCF <= 0 (-29455000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIRI | FAIL (ROE 7.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENSG | PASS | 34.24 | — | — | — | — | — | Passed Stage 2 |
| CORT | FAIL (P/E 194.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRKR | FAIL (Net margin -0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALKS | FAIL (P/E 59.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| IBRX | FAIL (FCF <= 0 (-308782000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NUVL | FAIL (FCF <= 0 (-275209000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KYMR | FAIL (FCF <= 0 (-234340000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HALO | PASS | 65.79 | — | — | — | — | — | Passed Stage 2 |
| KTOS | FAIL (FCF <= 0 (-137400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BSY | PASS | 46.55 | — | — | — | — | — | Passed Stage 2 |
| MTCH | FAIL (ROE -286.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MXL | FAIL (Net margin -26.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CORZ | FAIL (FCF <= 0 (-450750000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTD | PASS | 51.13 | — | — | — | — | — | Passed Stage 2 |
| DOCU | PASS | 56.69 | — | — | — | — | — | Passed Stage 2 |
| TGTX | FAIL (FCF <= 0 (-24986000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSAT | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGEN | FAIL (P/E 161.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| QRVO | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| APGE | FAIL (FCF <= 0 (-232597000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCVX | FAIL (FCF <= 0 (-669290000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MANH | PASS | 60.05 | — | — | — | — | — | Passed Stage 2 |
| IMVT | FAIL (FCF <= 0 (-407318000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MIDD | FAIL (Net margin -11.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTGX | FAIL (Net margin -154.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SFM | PASS | 49.37 | — | — | — | — | — | Passed Stage 2 |
| POOL | PASS | 18.11 | — | — | — | — | — | Passed Stage 2 |
| PLXS | PASS | 10.23 | — | — | — | — | — | Passed Stage 2 |
| CELH | FAIL (P/E 74.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTEK | PASS | 31.38 | — | — | — | — | — | Passed Stage 2 |
| RYTM | FAIL (FCF <= 0 (-116628000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZG | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| Z | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAIL | FAIL (Net margin -14.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MYRG | FAIL (P/E 52.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HQY | PASS | 45.26 | — | — | — | — | — | Passed Stage 2 |
| CRUS | PASS | 55.75 | — | — | — | — | — | Passed Stage 2 |
| SLAB | FAIL (Net margin -6.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LNTH | PASS | 35.19 | — | — | — | — | — | Passed Stage 2 |
| IDCC | PASS | 68.38 | PASS | MEDIUM | FAIL | 59.61 | 0.24:1 | Rejected (Stage 4: Asymmetry 0.2:1 < 2:1 (price=275.86, low=165.57, med=302.62)) |
| LSTR | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VFS | FAIL (FCF <= 0 (-67440504000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVT | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAMT | FAIL (P/E 147.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTCT | FAIL (Net margin -22.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LQDA | FAIL (FCF <= 0 (-40022000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROAD | FAIL (P/E 53.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRAX | FAIL (FCF <= 0 (-249124000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BILI | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVAV | FAIL (FCF <= 0 (-24134000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LKQ | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPC | PASS | 24.5 | — | — | — | — | — | Passed Stage 2 |
| DBX | FAIL (ROE -28.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPB | PASS | 15.51 | — | — | — | — | — | Passed Stage 2 |
| ACMR | FAIL (FCF <= 0 (-66608000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRVO | FAIL (FCF <= 0 (-497416000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTAN | FAIL (Net margin -13.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GTX | FAIL (ROE -42.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MRCY | FAIL (Net margin -1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHRD | FAIL (Net margin -1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRRK | FAIL (FCF <= 0 (-300637000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KLIC | FAIL (P/E 119.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| COGT | FAIL (FCF <= 0 (-265998000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABVX | FAIL (FCF <= 0 (-155828179)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MBLY | FAIL (Net margin -204.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CROX | FAIL (Net margin -2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CGON | FAIL (FCF <= 0 (-132480000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| URBN | PASS | 27.5 | — | — | — | — | — | Passed Stage 2 |
| ENPH | PASS | 8.89 | — | — | — | — | — | Passed Stage 2 |
| CNTA | FAIL (FCF <= 0 (-194188000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRFS | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TWST | FAIL (FCF <= 0 (-75632000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MIRM | FAIL (Net margin -140.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHDN | PASS | 26.25 | — | — | — | — | — | Passed Stage 2 |
| GLBE | FAIL (P/E 52.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CZR | FAIL (Net margin -4.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGTI | FAIL (FCF <= 0 (-77219000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSRM | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LGND | PASS | 32.75 | — | — | — | — | — | Passed Stage 2 |
| BZ | PASS | 82.5 | PASS | LOW | FAIL | 94.72 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=13.29, low=39.87, med=45.85)) |
| PSMT | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRMI | FAIL (FCF <= 0 (-603455000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DSGX | PASS | 38.0 | — | — | — | — | — | Passed Stage 2 |
| BLTE | FAIL (FCF <= 0 (-37166000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WFRD | FAIL (Rev growth -10.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CWST | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAR | FAIL (FCF <= 0 (-11978000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVLT | FAIL (P/E 87.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GDS | FAIL (FCF <= 0 (-1327841000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCTY | PASS | 55.01 | — | — | — | — | — | Passed Stage 2 |
| DUOL | PASS | 76.87 | PASS | MEDIUM | PASS | 78.75 | 2.18:1 | Candidate |
| RUSHA | PASS | 15.17 | — | — | — | — | — | Passed Stage 2 |
| REYN | PASS | 36.73 | — | — | — | — | — | Passed Stage 2 |
| EMAT | FAIL (FCF <= 0 (-1328287)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOVT | FAIL (P/E 112.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOX | PASS | 35.17 | — | — | — | — | — | Passed Stage 2 |
| APPF | PASS | 59.09 | — | — | — | — | — | Passed Stage 2 |
| BCPC | PASS | 39.36 | — | — | — | — | — | Passed Stage 2 |
| AMRX | FAIL (ROE -144.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TVTX | FAIL (FCF <= 0 (-20373000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GNTX | PASS | 53.43 | — | — | — | — | — | Passed Stage 2 |
| NAVN | FAIL (Net margin -46.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLLN | FAIL (P/E 229.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LYFT | PASS | 89.25 | PASS | LOW | FAIL | 46.39 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=14.27, low=21.37, med=41.44)) |
| OMAB | PASS | 85.99 | PASS | LOW | FAIL | 41.21 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=111.99, low=335.97, med=386.37)) |
| NICE | PASS | 53.11 | — | — | — | — | — | Passed Stage 2 |
| AUGO | FAIL (P/E 57.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| OTEX | PASS | 18.01 | — | — | — | — | — | Passed Stage 2 |
| UCTT | FAIL (Net margin -9.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACLS | FAIL (Rev growth -17.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SYRE | FAIL (FCF <= 0 (-169252000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LEGN | FAIL (FCF <= 0 (-168043260)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRSP | FAIL (FCF <= 0 (-345928000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTDR | PASS | 61.68 | — | — | — | — | — | Passed Stage 2 |
| CAI | FAIL (P/E negative or zero (-11.9)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WSC | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INDV | FAIL (FCF <= 0 (-93000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UFPI | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LAUR | PASS | 49.04 | — | — | — | — | — | Passed Stage 2 |
| EQPT | FAIL (FCF <= 0 (-1803000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PEGA | PASS | 72.19 | PASS | MEDIUM | PASS | 51.99 | 38.81:1 | Candidate |
| VSNT | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XMTR | FAIL (FCF <= 0 (-24094000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GLNG | FAIL (FCF <= 0 (-424702000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MMYT | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSEC | FAIL (P/E 88.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXST | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACIW | PASS | 44.69 | — | — | — | — | — | Passed Stage 2 |
| ELVR | FAIL (FCF <= 0 (-64418000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ERAS | FAIL (FCF <= 0 (-95583000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHC | PASS | 9.03 | — | — | — | — | — | Passed Stage 2 |
| GTLB | FAIL (Net margin -2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DFTX | FAIL (FCF <= 0 (-131560000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CELC | FAIL (FCF <= 0 (-153529000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IEP | FAIL (FCF <= 0 (-654000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VCYT | FAIL (P/E 54.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALHC | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DIOD | FAIL (P/E 56.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RDNT | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FELE | PASS | 38.71 | — | — | — | — | — | Passed Stage 2 |
| CVCO | PASS | 27.69 | — | — | — | — | — | Passed Stage 2 |
| VRNS | FAIL (Net margin -19.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XENE | FAIL (FCF <= 0 (-279917000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RELY | PASS | 52.07 | — | — | — | — | — | Passed Stage 2 |
| PAGP | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DAVE | PASS | 79.13 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| SYNA | FAIL (Net margin -4.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXG | FAIL (Net margin -3.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAIC | PASS | 29.38 | — | — | — | — | — | Passed Stage 2 |
| ALM | FAIL (FCF <= 0 (-79985000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IRDM | PASS | 22.28 | — | — | — | — | — | Passed Stage 2 |
| CENX | PASS | 24.75 | — | — | — | — | — | Passed Stage 2 |
| LIVN | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOO | PASS | 44.27 | — | — | — | — | — | Passed Stage 2 |
| IPGP | FAIL (FCF <= 0 (-3454000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WING | FAIL (ROE -15.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWE | FAIL (FCF <= 0 (-130001000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LBRDA | FAIL (FCF <= 0 (-327000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EWTX | FAIL (FCF <= 0 (-143816000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNSA | FAIL (P/E 60.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATAT | PASS | 90.52 | PASS | LOW | FAIL | 101.21 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=32.13, low=96.39, med=110.85)) |
| POWI | FAIL (P/E 265.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VKTX | FAIL (FCF <= 0 (-278685000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QS | FAIL (FCF <= 0 (-278750000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRAD | FAIL (P/E 55.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| OCTV | FAIL (ROE 3.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OLLI | PASS | 43.93 | — | — | — | — | — | Passed Stage 2 |
| QLYS | PASS | 61.67 | — | — | — | — | — | Passed Stage 2 |
| ACAD | PASS | 38.45 | — | — | — | — | — | Passed Stage 2 |
| VECO | FAIL (P/E 180.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LIF | PASS | 65.35 | — | — | — | — | — | Passed Stage 2 |
| MMSI | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVTS | FAIL (FCF <= 0 (-44369000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| COCO | FAIL (P/E 50.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLY | FAIL (FCF <= 0 (-237750000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTSK | FAIL (Net margin -95.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXTR | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OLED | PASS | 24.43 | — | — | — | — | — | Passed Stage 2 |
| MAT | PASS | 39.12 | — | — | — | — | — | Passed Stage 2 |
| DNLI | FAIL (FCF <= 0 (-422102000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ONDS | FAIL (FCF <= 0 (-40885000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PI | FAIL (Net margin -7.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DORM | PASS | 35.16 | — | — | — | — | — | Passed Stage 2 |
| BTDR | FAIL (FCF <= 0 (-2006361000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAKE | PASS | 42.4 | — | — | — | — | — | Passed Stage 2 |
| LFST | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DNTH | FAIL (FCF <= 0 (-129273000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXLS | PASS | 56.48 | — | — | — | — | — | Passed Stage 2 |
| RRR | PASS | 34.43 | — | — | — | — | — | Passed Stage 2 |
| SKYW | PASS | 20.5 | — | — | — | — | — | Passed Stage 2 |
| TNGX | FAIL (FCF <= 0 (-139934000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHEF | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IRTC | FAIL (Net margin -3.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NAMS | FAIL (FCF <= 0 (-148029000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRNX | FAIL (FCF <= 0 (-383684000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPRX | PASS | 66.08 | PASS | MEDIUM | FAIL | 33.32 | 1.14:1 | Rejected (Stage 4: Asymmetry 1.1:1 < 2:1 (price=31.50, low=19.87, med=44.73)) |
| LOPE | PASS | 42.33 | — | — | — | — | — | Passed Stage 2 |
| IDEF | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WAY | FAIL (ROE 3.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OTTR | PASS | 14.94 | — | — | — | — | — | Passed Stage 2 |
| CALM | PASS | 84.57 | PASS | LOW | FAIL | 280.84 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=80.23, low=240.69, med=276.79)) |
| MNDY | PASS | 54.23 | — | — | — | — | — | Passed Stage 2 |
| BELFB | FAIL (P/E 74.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DLO | PASS | 76.06 | PASS | LOW | FAIL | 70.86 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=12.69, low=13.59, med=26.87)) |
| MEOH | FAIL (Net margin -1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITRI | PASS | 51.05 | — | — | — | — | — | Passed Stage 2 |
| ICUI | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LBTYK | FAIL (FCF <= 0 (-123000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEEL | FAIL (FCF <= 0 (-326891000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTEN | FAIL (Net margin -2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BULL | FAIL (Net margin -1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TLX | FAIL (FCF <= 0 (-82795327)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NSIT | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OSIS | PASS | 11.52 | — | — | — | — | — | Passed Stage 2 |
| BEAM | FAIL (FCF <= 0 (-360048000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELVN | FAIL (FCF <= 0 (-70459000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VEON | PASS | 48.17 | — | — | — | — | — | Passed Stage 2 |
| BATRA | FAIL (FCF <= 0 (-26097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLNC | FAIL (FCF <= 0 (-175337000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTRN | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| REAL | FAIL (Net margin -9.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IDYA | FAIL (FCF <= 0 (-73466000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LASR | FAIL (Net margin -5.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DYN | FAIL (FCF <= 0 (-405127000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IPAR | PASS | 46.9 | — | — | — | — | — | Passed Stage 2 |
| JOYY | FAIL (ROE 3.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLBT | PASS | 50.84 | — | — | — | — | — | Passed Stage 2 |
| OPCH | PASS | 16.85 | — | — | — | — | — | Passed Stage 2 |
| KYIV | PASS | 42.85 | — | — | — | — | — | Passed Stage 2 |
| ADEA | PASS | 32.65 | — | — | — | — | — | Passed Stage 2 |
| ORKA | FAIL (FCF <= 0 (-88419000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HWKN | PASS | 39.05 | — | — | — | — | — | Passed Stage 2 |
| ARQT | FAIL (FCF <= 0 (-6311000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADPT | FAIL (FCF <= 0 (-48945000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WDFC | PASS | 23.47 | — | — | — | — | — | Passed Stage 2 |
| TENB | FAIL (Net margin -1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IAC | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPLI | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| COLM | PASS | 11.54 | — | — | — | — | — | Passed Stage 2 |
| CECO | FAIL (FCF <= 0 (-5482000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LILAP | FAIL (Net margin -11.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BATRK | FAIL (FCF <= 0 (-26097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ICHR | FAIL (FCF <= 0 (-6283000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PENG | FAIL (P/E 85.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALMS | FAIL (FCF <= 0 (-370176000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARCB | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXTI | FAIL (FCF <= 0 (-18778000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RLAY | FAIL (FCF <= 0 (-235865000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATRO | FAIL (P/E 66.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRVA | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RUN | FAIL (FCF <= 0 (-423217000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGC | FAIL (FCF <= 0 (-3266270)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CARG | PASS | 65.66 | — | — | — | — | — | Passed Stage 2 |
| MZTI | PASS | 32.29 | — | — | — | — | — | Passed Stage 2 |
| SHOO | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LUNR | FAIL (FCF <= 0 (-56015000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARLP | FAIL (Rev growth -10.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEDG | FAIL (Net margin -28.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PATK | PASS | 9.1 | — | — | — | — | — | Passed Stage 2 |
| HTFL | FAIL (FCF <= 0 (-59048000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIZZ | PASS | 48.34 | — | — | — | — | — | Passed Stage 2 |
| KALU | FAIL (FCF <= 0 (-25500000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLMT | FAIL (Net margin -4.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FA | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| USLM | PASS | 60.39 | — | — | — | — | — | Passed Stage 2 |
| VERA | FAIL (FCF <= 0 (-241734000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RARE | FAIL (FCF <= 0 (-472000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGRC | PASS | 19.1 | — | — | — | — | — | Passed Stage 2 |
| COHU | FAIL (Net margin -11.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGEE | FAIL (FCF <= 0 (-79986000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASO | PASS | 15.2 | — | — | — | — | — | Passed Stage 2 |
| QURE | FAIL (FCF <= 0 (-177963000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTCT | FAIL (ROE 6.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXPO | PASS | 41.78 | — | — | — | — | — | Passed Stage 2 |
| CCC | FAIL (P/E 89.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PENN | FAIL (FCF <= 0 (-139500000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLUG | FAIL (FCF <= 0 (-661475000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AGYS | FAIL (P/E 73.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AEHR | FAIL (FCF <= 0 (-12392000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLBL | FAIL (FCF <= 0 (-5666569)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OSW | PASS | 38.37 | — | — | — | — | — | Passed Stage 2 |
| GPCR | FAIL (FCF <= 0 (-225813000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IRON | FAIL (FCF <= 0 (-181326000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NESR | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AYA | FAIL (FCF <= 0 (-4245000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VISN | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRAL | FAIL (FCF <= 0 (-299007000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRPT | PASS | 21.16 | — | — | — | — | — | Passed Stage 2 |
| CENT | PASS | 16.9 | — | — | — | — | — | Passed Stage 2 |
| CLOV | FAIL (FCF <= 0 (-68977000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOUN | FAIL (FCF <= 0 (-103124000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRUN | FAIL (Net margin -10.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VC | PASS | 45.9 | — | — | — | — | — | Passed Stage 2 |
| RUM | FAIL (FCF <= 0 (-74497060)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRMD | FAIL (Rev growth -10.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMBA | FAIL (Net margin -17.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANAB | FAIL (Net margin -11.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRSH | PASS | 60.62 | — | — | — | — | — | Passed Stage 2 |
| SBLK | FAIL (Rev growth -17.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUPN | FAIL (Net margin -3.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LFTO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TARS | FAIL (FCF <= 0 (-22310000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KLRA | FAIL (FCF <= 0 (-122298000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UNIT | FAIL (FCF <= 0 (-459600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGNI | PASS | 33.42 | — | — | — | — | — | Passed Stage 2 |
| EEFT | PASS | 35.91 | — | — | — | — | — | Passed Stage 2 |
| FSLY | FAIL (Net margin -15.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OUST | FAIL (FCF <= 0 (-64849000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STNE | FAIL (FCF <= 0 (-28429355)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPTA | FAIL (FCF <= 0 (-118420000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DGII | FAIL (P/E 60.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HUBG | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ESTA | FAIL (FCF <= 0 (-57611000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PDFS | FAIL (FCF <= 0 (-8578000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRVI | FAIL (FCF <= 0 (-42101000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WERN | FAIL (FCF <= 0 (-68534000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KC | FAIL (FCF <= 0 (-941337000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DXPE | PASS | 34.14 | — | — | — | — | — | Passed Stage 2 |
| ACHC | FAIL (FCF <= 0 (-439909000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HIMX | FAIL (P/E 78.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLBD | PASS | 55.28 | — | — | — | — | — | Passed Stage 2 |
| NWL | FAIL (Net margin -3.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LILKV | FAIL (Net margin -11.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WIX | FAIL (Net margin -2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PONY | FAIL (FCF <= 0 (-208830000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANDE | FAIL (FCF <= 0 (-56125000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| INOD | FAIL (P/E 60.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAYO | PASS | 46.82 | — | — | — | — | — | Passed Stage 2 |
| AXGN | FAIL (FCF <= 0 (-2933000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTON | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PHVS | FAIL (FCF <= 0 (-137238253)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCRI | PASS | 35.95 | — | — | — | — | — | Passed Stage 2 |
| QNT | FAIL (FCF <= 0 (-235350000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRZE | FAIL (Net margin -15.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOVTU | FAIL (P/E 112.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMDX | PASS | 52.13 | — | — | — | — | — | Passed Stage 2 |
| VCEL | FAIL (P/E 107.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NN | FAIL (FCF <= 0 (-50795000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLDX | FAIL (FCF <= 0 (-213659000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NYAX | FAIL (P/E 78.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DRVN | FAIL (Rev growth -20.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHA | PASS | 63.06 | — | — | — | — | — | Passed Stage 2 |
| AVPT | FAIL (P/E 50.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALRM | PASS | 46.31 | — | — | — | — | — | Passed Stage 2 |
| AGIO | FAIL (FCF <= 0 (-377293000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABCL | FAIL (FCF <= 0 (-174067000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RNW | FAIL (FCF <= 0 (-77175304000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PGNY | PASS | 48.85 | — | — | — | — | — | Passed Stage 2 |
| JBLU | FAIL (FCF <= 0 (-915000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMPR | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AUPH | PASS | 76.9 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| ASTH | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XRAY | FAIL (Net margin -17.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LMAT | PASS | 47.2 | — | — | — | — | — | Passed Stage 2 |
| HYMC | FAIL (FCF <= 0 (-83438000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPSC | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OCUL | FAIL (FCF <= 0 (-216893000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VNET | FAIL (FCF <= 0 (-5948645000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLYW | FAIL (P/E 72.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HTO | FAIL (FCF <= 0 (-278099000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALGT | FAIL (Net margin -1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IMOS | FAIL (P/E 82.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KARD | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LILA | FAIL (Net margin -11.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRDO | PASS | 54.62 | — | — | — | — | — | Passed Stage 2 |
| PLUS | FAIL (FCF <= 0 (-120660000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCRX | FAIL (Net margin -51.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NEOG | FAIL (FCF <= 0 (-46351000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MLCO | FAIL (ROE -17.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TILE | PASS | 44.02 | — | — | — | — | — | Passed Stage 2 |
| WGS | FAIL (Net margin -17.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SGRY | FAIL (Net margin -2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DJT | FAIL (Net margin -29099.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HRMY | PASS | 71.11 | PASS | LOW | FAIL | 24.98 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=35.47, low=53.42, med=106.41)) |
| IOSP | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZLAB | FAIL (FCF <= 0 (-158890000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADMA | PASS | 67.1 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| TH | FAIL (Net margin -13.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UFPT | PASS | 46.55 | — | — | — | — | — | Passed Stage 2 |
| TYT.L | PASS | 4.83 | — | — | — | — | — | Passed Stage 2 |
| AZN.L | PASS | 31.45 | — | — | — | — | — | Passed Stage 2 |
| SHEL.L | PASS | 23.02 | — | — | — | — | — | Passed Stage 2 |
| BHP.L | PASS | 24.49 | — | — | — | — | — | Passed Stage 2 |
| RR.L | PASS | 64.79 | — | — | — | — | — | Passed Stage 2 |
| RIO.L | PASS | 21.65 | — | — | — | — | — | Passed Stage 2 |
| 0QYR.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BP-A.L | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BP-B.L | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BATS.L | PASS | 19.55 | — | — | — | — | — | Passed Stage 2 |
| ULVR.L | FAIL (Rev growth -16.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GSK.L | PASS | 40.4 | — | — | — | — | — | Passed Stage 2 |
| 0R1E.L | PASS | 37.24 | — | — | — | — | — | Passed Stage 2 |
| BP.L | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NG.L | FAIL (FCF <= 0 (-3756000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GLEN.L | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BA.L | PASS | 23.93 | — | — | — | — | — | Passed Stage 2 |
| REL.L | PASS | 46.6 | — | — | — | — | — | Passed Stage 2 |
| AAL.L | FAIL (Net margin -20.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPM.L | PASS | 64.74 | — | — | — | — | — | Passed Stage 2 |
| ANTO.L | FAIL (FCF <= 0 (-384194888)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DGE.L | PASS | 18.69 | — | — | — | — | — | Passed Stage 2 |
| FERG.L | PASS | 43.2 | — | — | — | — | — | Passed Stage 2 |
| CCEP.L | PASS | 16.54 | — | — | — | — | — | Passed Stage 2 |
| RKT.L | PASS | 33.24 | — | — | — | — | — | Passed Stage 2 |
| HLN.L | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSE.L | FAIL (FCF <= 0 (-711800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TSCO.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VOD.L | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNM.L | PASS | 27.27 | — | — | — | — | — | Passed Stage 2 |
| EXPN.L | PASS | 54.71 | — | — | — | — | — | Passed Stage 2 |
| 0R15.L | FAIL (FCF <= 0 (-2478191000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IAG.L | PASS | 68.09 | PASS | LOW | FAIL | 43.62 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=482.70, low=699.21, med=1401.03)) |
| IMB.L | PASS | 42.44 | — | — | — | — | — | Passed Stage 2 |
| FRES.L | PASS | 51.7 | — | — | — | — | — | Passed Stage 2 |
| BT-A.L | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCH.L | PASS | 25.32 | — | — | — | — | — | Passed Stage 2 |
| SWR.L | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YXG.L | FAIL (P/E 59.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXT.L | PASS | 57.7 | — | — | — | — | — | Passed Stage 2 |
| IPC.L | FAIL (FCF <= 0 (-158804083)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMSN.L | PASS | 49.69 | — | — | — | — | — | Passed Stage 2 |
| HLMA.L | PASS | 42.87 | — | — | — | — | — | Passed Stage 2 |
| CKI.L | FAIL (Rev growth -11.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BC94.L | PASS | 49.69 | — | — | — | — | — | Passed Stage 2 |
| ABF.L | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VALT.L | PASS | 42.92 | — | — | — | — | — | Passed Stage 2 |
| FLTR.L | FAIL (Net margin -2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZEG.L | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAF.L | PASS | 58.08 | — | — | — | — | — | Passed Stage 2 |
| INF.L | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RTO.L | FAIL (ROE 4.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMSD.L | PASS | 49.69 | — | — | — | — | — | Passed Stage 2 |
| UU.L | FAIL (FCF <= 0 (-110200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SN.L | PASS | 45.58 | — | — | — | — | — | Passed Stage 2 |
| DPLM.L | FAIL (P/E 50.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| EDV.L | PASS | 48.14 | — | — | — | — | — | Passed Stage 2 |
| S32.L | FAIL (ROE 3.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WISE.L | PASS | 71.81 | PASS | MEDIUM | FAIL | 34.05 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=910.00, low=910.00, med=2730.00)) |
| SVT.L | FAIL (FCF <= 0 (-972000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITRK.L | PASS | 21.69 | — | — | — | — | — | Passed Stage 2 |
| BNZL.L | PASS | 18.09 | — | — | — | — | — | Passed Stage 2 |
| MAW.L | FAIL (FCF <= 0 (-5541000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RICO.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNA.L | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MKS.L | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMIN.L | PASS | 37.87 | — | — | — | — | — | Passed Stage 2 |
| SGE.L | PASS | 57.1 | — | — | — | — | — | Passed Stage 2 |
| GAW.L | PASS | 67.81 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| PSON.L | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IMI.L | PASS | 37.63 | — | — | — | — | — | Passed Stage 2 |
| SBRY.L | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WEIR.L | PASS | 19.37 | — | — | — | — | — | Passed Stage 2 |
| MRO.L | PASS | 9.27 | — | — | — | — | — | Passed Stage 2 |
| 0R1A.L | FAIL (P/E 58.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DCC.L | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPX.L | PASS | 32.55 | — | — | — | — | — | Passed Stage 2 |
| KGF.L | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JT5.L | FAIL (P/E 71.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BAB.L | PASS | 44.36 | — | — | — | — | — | Passed Stage 2 |
| HWDN.L | PASS | 36.38 | — | — | — | — | — | Passed Stage 2 |
| CCC.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EZJ.L | PASS | 58.5 | — | — | — | — | — | Passed Stage 2 |
| GGP.L | PASS | 43.13 | — | — | — | — | — | Passed Stage 2 |
| 0I47.L | PASS | 45.43 | — | — | — | — | — | Passed Stage 2 |
| CRDA.L | FAIL (P/E 67.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBY.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTEC.L | PASS | 41.49 | — | — | — | — | — | Passed Stage 2 |
| WTB.L | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JD.L | PASS | 47.48 | — | — | — | — | — | Passed Stage 2 |
| BTRW.L | FAIL (ROE 2.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRBY.L | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AUTO.L | PASS | 53.44 | — | — | — | — | — | Passed Stage 2 |
| 0QCV.L | FAIL (P/E 123.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENT.L | FAIL (Net margin -12.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RSW.L | FAIL (ROE 8.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSN.L | FAIL (FCF <= 0 (-12000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SCT.L | PASS | 56.3 | — | — | — | — | — | Passed Stage 2 |
| ITH.L | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HBR.L | FAIL (Net margin -2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKG.L | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JMAT.L | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RMV.L | PASS | 57.61 | — | — | — | — | — | Passed Stage 2 |
| HIK.L | PASS | 17.31 | — | — | — | — | — | Passed Stage 2 |
| 0JPO.L | FAIL (P/E 69.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QAH.L | PASS | 16.13 | — | — | — | — | — | Passed Stage 2 |
| FRAS.L | FAIL (Rev growth -11.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MNDI.L | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YSU.L | PASS | 41.77 | — | — | — | — | — | Passed Stage 2 |
| ITV.L | PASS | 13.1 | — | — | — | — | — | Passed Stage 2 |
| CWK.L | PASS | 30.47 | — | — | — | — | — | Passed Stage 2 |
| SEPL.L | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TW.L | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQ6.L | PASS | 37.01 | — | — | — | — | — | Passed Stage 2 |
| 0R01.L | FAIL (FCF <= 0 (-79999000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2H.L | PASS | 30.87 | — | — | — | — | — | Passed Stage 2 |
| RS1.L | PASS | 18.76 | — | — | — | — | — | Passed Stage 2 |
| INCH.L | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPP.L | FAIL (Net margin -1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0GWL.L | PASS | 17.23 | — | — | — | — | — | Passed Stage 2 |
| DRX.L | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HOC.L | PASS | 69.12 | PASS | MEDIUM | FAIL | 154.61 | 1.25:1 | Rejected (Stage 4: Asymmetry 1.2:1 < 2:1 (price=490.00, low=172.28, med=886.54)) |
| TATE.L | FAIL (ROE 6.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JET2.L | PASS | 51.43 | — | — | — | — | — | Passed Stage 2 |
| ROR.L | PASS | 48.38 | — | — | — | — | — | Passed Stage 2 |
| CAN.L | FAIL (Net margin -2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGNS.L | PASS | 53.35 | — | — | — | — | — | Passed Stage 2 |
| BWY.L | FAIL (ROE 4.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PNN.L | FAIL (FCF <= 0 (-253300000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRP.L | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HTWS.L | FAIL (P/E 56.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HILS.L | PASS | 43.8 | — | — | — | — | — | Passed Stage 2 |
| 0KF5.L | FAIL (P/E 255.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| QQ.L | PASS | 40.02 | — | — | — | — | — | Passed Stage 2 |
| BME.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAF.L | FAIL (FCF <= 0 (-3760000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2L.L | PASS | 41.4 | — | — | — | — | — | Passed Stage 2 |
| 0HFB.L | PASS | 60.81 | — | — | — | — | — | Passed Stage 2 |
| 0QZF.L | FAIL (Rev growth -26.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HHR.L | FAIL (P/E 53.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R16.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LCE.L | PASS | 44.35 | — | — | — | — | — | Passed Stage 2 |
| MTO.L | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HFN.L | FAIL (P/E 57.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RIGD.L | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R0H.L | PASS | 12.1 | — | — | — | — | — | Passed Stage 2 |
| 0R2X.L | FAIL (P/E 105.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K80.L | PASS | 15.06 | — | — | — | — | — | Passed Stage 2 |
| KLR.L | PASS | 28.31 | — | — | — | — | — | Passed Stage 2 |
| PFD.L | PASS | 48.21 | — | — | — | — | — | Passed Stage 2 |
| 0QZO.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFTU.L | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KTI.L | PASS | 8.35 | — | — | — | — | — | Passed Stage 2 |
| 0R2P.L | FAIL (Rev growth -11.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRG.L | PASS | 16.79 | — | — | — | — | — | Passed Stage 2 |
| CURY.L | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DNLM.L | PASS | 42.42 | — | — | — | — | — | Passed Stage 2 |
| WOSG.L | PASS | 11.5 | — | — | — | — | — | Passed Stage 2 |
| OXIG.L | FAIL (Rev growth -15.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0NX2.L | PASS | 50.94 | — | — | — | — | — | Passed Stage 2 |
| 0R2E.L | PASS | 32.58 | — | — | — | — | — | Passed Stage 2 |
| TTE.L | PASS | 15.77 | — | — | — | — | — | Passed Stage 2 |
| 0Y3K.L | PASS | 37.63 | — | — | — | — | — | Passed Stage 2 |
| TKO.L | FAIL (FCF <= 0 (-281523057)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RPI.L | FAIL (P/E 103.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| COA.L | PASS | 33.94 | — | — | — | — | — | Passed Stage 2 |
| 0VHA.L | FAIL (P/E 113.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| OCDO.L | FAIL (P/E negative or zero (-3.9)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSPG.L | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0W2Y.L | FAIL (ROE -95.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAB.L | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R29.L | PASS | 39.27 | — | — | — | — | — | Passed Stage 2 |
| GNS.L | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRC.L | PASS | 37.75 | — | — | — | — | — | Passed Stage 2 |
| 0R2B.L | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HCM.L | FAIL (FCF <= 0 (-78824328)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RHIM.L | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L8B.L | PASS | 61.83 | — | — | — | — | — | Passed Stage 2 |
| YCA.L | FAIL (FCF <= 0 (-13167000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRN.L | PASS | 19.23 | — | — | — | — | — | Passed Stage 2 |
| 0HRS.L | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CKN.L | PASS | 16.91 | — | — | — | — | — | Passed Stage 2 |
| CHG.L | FAIL (FCF <= 0 (-5600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENOG.L | FAIL (Net margin -15.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R4M.L | PASS | 74.33 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| 0QZA.L | PASS | 18.44 | — | — | — | — | — | Passed Stage 2 |
| WIZZ.L | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QZU.L | PASS | 32.37 | — | — | — | — | — | Passed Stage 2 |
| 0KYY.L | PASS | 48.58 | — | — | — | — | — | Passed Stage 2 |
| 0JVQ.L | FAIL (ROE -64.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATYM.L | PASS | 36.43 | — | — | — | — | — | Passed Stage 2 |
| 0R2S.L | PASS | 39.09 | — | — | — | — | — | Passed Stage 2 |
| 0KFZ.L | PASS | 32.1 | — | — | — | — | — | Passed Stage 2 |
| GDWN.L | PASS | 46.46 | — | — | — | — | — | Passed Stage 2 |
| TPK.L | FAIL (Net margin -3.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FAN.L | PASS | 49.78 | — | — | — | — | — | Passed Stage 2 |
| ONT.L | FAIL (FCF <= 0 (-66300000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CGEO.L | FAIL (FCF <= 0 (-5838000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNR.L | FAIL (Rev growth -24.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R3E.L | PASS | 32.71 | — | — | — | — | — | Passed Stage 2 |
| BOY.L | FAIL (ROE 8.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RSG.L | PASS | 58.46 | — | — | — | — | — | Passed Stage 2 |
| 0QMU.L | PASS | 23.73 | — | — | — | — | — | Passed Stage 2 |
| 0IR9.L | FAIL (P/E 58.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2J.L | PASS | 67.61 | PASS | MEDIUM | FAIL | 88.0 | 0.12:1 | Rejected (Stage 4: Asymmetry 0.1:1 < 2:1 (price=226.40, low=37.25, med=249.48)) |
| HHPD.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSVS.L | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y6X.L | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BREE.L | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FOUR.L | PASS | 60.9 | — | — | — | — | — | Passed Stage 2 |
| FGP.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZIG.L | FAIL (ROE 8.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KSR.L | FAIL (P/E 93.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HS2.L | FAIL (P/E 87.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IUC.L | PASS | 23.6 | — | — | — | — | — | Passed Stage 2 |
| UPR.L | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L5N.L | FAIL (P/E 58.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DCH.L | FAIL (Net margin -1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L8A.L | FAIL (FCF <= 0 (-3590000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JYW.L | FAIL (ROE -74.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VLX.L | PASS | 41.13 | — | — | — | — | — | Passed Stage 2 |
| 0HJI.L | PASS | 55.07 | — | — | — | — | — | Passed Stage 2 |
| 0LTG.L | PASS | 31.53 | — | — | — | — | — | Passed Stage 2 |
| CWR.L | FAIL (FCF <= 0 (-18192000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LXB.L | PASS | 16.14 | — | — | — | — | — | Passed Stage 2 |
| 0I58.L | PASS | 39.66 | — | — | — | — | — | Passed Stage 2 |
| MONY.L | PASS | 47.81 | — | — | — | — | — | Passed Stage 2 |
| 0JZU.L | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K34.L | PASS | 53.34 | — | — | — | — | — | Passed Stage 2 |
| KIE.L | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R1F.L | PASS | 42.31 | — | — | — | — | — | Passed Stage 2 |
| FEVR.L | FAIL (Rev growth -11.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRST.L | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R08.L | PASS | 19.45 | — | — | — | — | — | Passed Stage 2 |
| 0ID1.L | FAIL (FCF <= 0 (-1672000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R33.L | PASS | 10.49 | — | — | — | — | — | Passed Stage 2 |
| 0J1R.L | FAIL (ROE -123.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0MI0.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2O.L | PASS | 11.53 | — | — | — | — | — | Passed Stage 2 |
| GNC.L | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELM.L | FAIL (Net margin -7.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R0G.L | PASS | 8.65 | — | — | — | — | — | Passed Stage 2 |
| KNOS.L | PASS | 37.72 | — | — | — | — | — | Passed Stage 2 |
| BYIT.L | PASS | 54.94 | — | — | — | — | — | Passed Stage 2 |
| 0HRJ.L | PASS | 14.6 | — | — | — | — | — | Passed Stage 2 |
| 0Y7S.L | PASS | 11.97 | — | — | — | — | — | Passed Stage 2 |
| 0I1W.L | PASS | 52.67 | — | — | — | — | — | Passed Stage 2 |
| SPI.L | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LBP.L | FAIL (P/E 102.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SQZ.L | FAIL (FCF <= 0 (-21200651)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTEC.L | FAIL (Rev growth -11.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K0E.L | PASS | 70.03 | PASS | LOW | FAIL | 34.45 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=1683.27, low=3563.88, med=5049.81)) |
| 0HG8.L | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QI7.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L5V.L | PASS | 44.32 | — | — | — | — | — | Passed Stage 2 |
| VTY.L | FAIL (ROE 4.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A3O.L | FAIL (P/E 623.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVSG.L | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y0Y.L | PASS | 46.05 | — | — | — | — | — | Passed Stage 2 |
| ICGC.L | PASS | 26.0 | — | — | — | — | — | Passed Stage 2 |
| BCG.L | PASS | 62.95 | — | — | — | — | — | Passed Stage 2 |
| 0R2Y.L | PASS | 62.82 | — | — | — | — | — | Passed Stage 2 |
| 0IFA.L | PASS | 32.19 | — | — | — | — | — | Passed Stage 2 |
| PETS.L | FAIL (ROE 6.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0S23.L | PASS | 10.15 | — | — | — | — | — | Passed Stage 2 |
| MPE.L | PASS | 62.34 | — | — | — | — | — | Passed Stage 2 |
| 0LK6.L | PASS | 15.18 | — | — | — | — | — | Passed Stage 2 |
| PRN.L | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LEF.L | FAIL (P/E 80.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KOS.L | FAIL (FCF <= 0 (-180173718)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R28.L | PASS | 23.09 | — | — | — | — | — | Passed Stage 2 |
| 0J5I.L | FAIL (P/E 50.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| APN.L | PASS | 64.31 | — | — | — | — | — | Passed Stage 2 |
| 0QZX.L | PASS | 34.98 | — | — | — | — | — | Passed Stage 2 |
| ITM.L | FAIL (FCF <= 0 (-32943000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J8W.L | PASS | 39.95 | — | — | — | — | — | Passed Stage 2 |
| 0JYA.L | PASS | 15.85 | — | — | — | — | — | Passed Stage 2 |
| OXB.L | FAIL (FCF <= 0 (-10213000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GAMA.L | PASS | 37.23 | — | — | — | — | — | Passed Stage 2 |
| 0HEC.L | FAIL (FCF <= 0 (-1639000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRN.L | PASS | 55.18 | — | — | — | — | — | Passed Stage 2 |
| 0KAB.L | FAIL (ROE -263.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0REK.L | FAIL (ROE -24.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JDW.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JR2.L | PASS | 13.87 | — | — | — | — | — | Passed Stage 2 |
| 0P59.L | PASS | 48.34 | — | — | — | — | — | Passed Stage 2 |
| GEN.L | FAIL (ROE 6.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BAG.L | PASS | 20.5 | — | — | — | — | — | Passed Stage 2 |
| 0LIY.L | PASS | 43.38 | — | — | — | — | — | Passed Stage 2 |
| 0K92.L | PASS | 44.79 | — | — | — | — | — | Passed Stage 2 |
| 0IDR.L | PASS | 22.96 | — | — | — | — | — | Passed Stage 2 |
| 0EDE.L | PASS | 19.53 | — | — | — | — | — | Passed Stage 2 |
| EWG.L | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOM.L | FAIL (ROE -68.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K8M.L | PASS | 14.14 | — | — | — | — | — | Passed Stage 2 |
| RNWH.L | PASS | 25.46 | — | — | — | — | — | Passed Stage 2 |
| PPH.L | FAIL (ROE 4.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KHZ.L | PASS | 7.41 | — | — | — | — | — | Passed Stage 2 |
| MOON.L | FAIL (ROE -99.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HYJ.L | PASS | 41.82 | — | — | — | — | — | Passed Stage 2 |
| 0JCT.L | PASS | 53.14 | — | — | — | — | — | Passed Stage 2 |
| 0KXO.L | PASS | 53.59 | — | — | — | — | — | Passed Stage 2 |
| DOCS.L | FAIL (ROE 6.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2M.L | PASS | 35.15 | — | — | — | — | — | Passed Stage 2 |
| 0HYA.L | FAIL (P/E 155.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KW1.L | PASS | 24.82 | — | — | — | — | — | Passed Stage 2 |
| 0HOY.L | PASS | 48.6 | — | — | — | — | — | Passed Stage 2 |
| 0Z4I.L | PASS | 43.58 | — | — | — | — | — | Passed Stage 2 |
| 0K3H.L | PASS | 44.63 | — | — | — | — | — | Passed Stage 2 |
| HTG.L | FAIL (P/E 3064.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KFE.L | PASS | 19.83 | — | — | — | — | — | Passed Stage 2 |
| 0A0H.L | PASS | 9.58 | — | — | — | — | — | Passed Stage 2 |
| DSCV.L | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LD8.L | PASS | 12.77 | — | — | — | — | — | Passed Stage 2 |
| 0IZI.L | PASS | 34.09 | — | — | — | — | — | Passed Stage 2 |
| 0KET.L | FAIL (Rev growth -15.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XPS.L | PASS | 44.67 | — | — | — | — | — | Passed Stage 2 |
| 0LD9.L | PASS | 18.77 | — | — | — | — | — | Passed Stage 2 |
| LTOD.L | PASS | 38.75 | — | — | — | — | — | Passed Stage 2 |
| JSG.L | PASS | 41.52 | — | — | — | — | — | Passed Stage 2 |
| TEP.L | PASS | 56.73 | — | — | — | — | — | Passed Stage 2 |
| 0L5A.L | FAIL (FCF <= 0 (-6047000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HBH.L | FAIL (FCF <= 0 (-3765800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMS.L | FAIL (P/E 60.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QZ4.L | PASS | 44.43 | — | — | — | — | — | Passed Stage 2 |
| AEP.L | PASS | 46.24 | — | — | — | — | — | Passed Stage 2 |
| MGAM.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IC9.L | FAIL (FCF <= 0 (-7292000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R35.L | FAIL (P/E 98.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JVV.L | FAIL (FCF <= 0 (-104700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J51.L | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TGA.L | FAIL (FCF <= 0 (-334911003)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYZ.L | FAIL (FCF <= 0 (-715306388)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0N0B.L | PASS | 30.54 | — | — | — | — | — | Passed Stage 2 |
| 0HTG.L | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KCI.L | PASS | 29.65 | — | — | — | — | — | Passed Stage 2 |
| 0HF3.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| COST.L | FAIL (Rev growth -16.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RR8.L | PASS | 42.03 | — | — | — | — | — | Passed Stage 2 |
| CPG.L | FAIL (Rev growth -13.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFM.L | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K9L.L | FAIL (FCF <= 0 (-188000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 87FZ.L | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IKW.L | PASS | 38.9 | — | — | — | — | — | Passed Stage 2 |
| 0L3H.L | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HF7.L | PASS | 35.54 | — | — | — | — | — | Passed Stage 2 |
| CHRT.L | PASS | 52.48 | — | — | — | — | — | Passed Stage 2 |
| HAS.L | FAIL (Net margin -0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DATA.L | FAIL (ROE 9.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KXA.L | PASS | 39.75 | — | — | — | — | — | Passed Stage 2 |
| 0A28.L | PASS | 35.61 | — | — | — | — | — | Passed Stage 2 |
| XPP.L | FAIL (Net margin -5.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JHD.L | PASS | 50.16 | — | — | — | — | — | Passed Stage 2 |
| 0YAA.L | FAIL (P/E 59.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HJL.L | FAIL (ROE -80.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVON.L | PASS | 12.13 | — | — | — | — | — | Passed Stage 2 |
| VCT.L | FAIL (Net margin -6.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HWH.L | PASS | 18.87 | — | — | — | — | — | Passed Stage 2 |
| 0IHP.L | FAIL (FCF <= 0 (-2790700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M1R.L | FAIL (FCF <= 0 (-6825000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IFX.L | FAIL (P/E 57.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| YNGA.L | FAIL (ROE 3.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFRD.L | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTC.L | FAIL (P/E 50.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BMY.L | PASS | 40.84 | — | — | — | — | — | Passed Stage 2 |
| AO.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMWH.L | FAIL (Net margin -9.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KAK.L | FAIL (Rev growth -20.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I6K.L | PASS | 42.67 | — | — | — | — | — | Passed Stage 2 |
| ATG.L | FAIL (Net margin -33.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IJN.L | FAIL (FCF <= 0 (-2275000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYD.L | FAIL (ROE -23.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RNK.L | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRW.L | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HFD.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HFG.L | FAIL (FCF <= 0 (-18700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K19.L | FAIL (P/E 331.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DEC.L | PASS | 60.08 | — | — | — | — | — | Passed Stage 2 |
| BOWL.L | PASS | 23.07 | — | — | — | — | — | Passed Stage 2 |
| RKH.L | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALFA.L | PASS | 60.04 | — | — | — | — | — | Passed Stage 2 |
| IQE.L | FAIL (FCF <= 0 (-4630000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QKY.L | PASS | 51.4 | — | — | — | — | — | Passed Stage 2 |
| 0J46.L | FAIL (P/E 61.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J6Z.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IW5.L | PASS | 26.85 | — | — | — | — | — | Passed Stage 2 |
| AAZ.L | PASS | 31.2 | — | — | — | — | — | Passed Stage 2 |
| GMET.L | FAIL (FCF <= 0 (-9160000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GBG.L | FAIL (Net margin -26.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LIU.L | PASS | 13.8 | — | — | — | — | — | Passed Stage 2 |
| 0R19.L | FAIL (ROE 4.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YNGN.L | FAIL (ROE 3.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LCX.L | FAIL (Net margin -4.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HXW.L | PASS | 38.29 | — | — | — | — | — | Passed Stage 2 |
| 0J8P.L | PASS | 60.51 | — | — | — | — | — | Passed Stage 2 |
| BOKU.L | FAIL (ROE 8.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HAV.L | FAIL (Rev growth -71.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LC6.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENQ.L | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MNO.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EGY.L | FAIL (FCF <= 0 (-43169740)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PZC.L | FAIL (Net margin -0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WIX.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LSC.L | PASS | 47.4 | — | — | — | — | — | Passed Stage 2 |
| 0KS2.L | PASS | 11.49 | — | — | — | — | — | Passed Stage 2 |
| OGN.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HJF.L | PASS | 48.62 | — | — | — | — | — | Passed Stage 2 |
| 0LRK.L | PASS | 36.07 | — | — | — | — | — | Passed Stage 2 |
| MHID.L | PASS | 39.57 | — | — | — | — | — | Passed Stage 2 |
| 0I35.L | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FSTA.L | FAIL (ROE 5.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MEGP.L | PASS | 31.2 | — | — | — | — | — | Passed Stage 2 |
| ACG.L | FAIL (Net margin -26.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HD2.L | FAIL (P/E 66.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRV.L | PASS | 22.73 | — | — | — | — | — | Passed Stage 2 |
| 0EV1.L | PASS | 43.36 | — | — | — | — | — | Passed Stage 2 |
| THX.L | PASS | 100.0 | PASS | LOW | FAIL | 94.86 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=58.00, low=155.86, med=174.00)) |
| AMRQ.L | FAIL (FCF <= 0 (-114099286)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GKP.L | FAIL (ROE 3.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0PMJ.L | PASS | 27.17 | — | — | — | — | — | Passed Stage 2 |
| LUCE.L | PASS | 41.26 | — | — | — | — | — | Passed Stage 2 |
| MSLH.L | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TBTG.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LSL.L | FAIL (FCF <= 0 (-1018700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QR3.L | FAIL (FCF <= 0 (-3071000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MHA.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JQZ.L | FAIL (Rev growth -18.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J4X.L | PASS | 19.05 | — | — | — | — | — | Passed Stage 2 |
| AML.L | FAIL (FCF <= 0 (-137100000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IBST.L | FAIL (FCF <= 0 (-5064000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JVD.L | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HKE.L | FAIL (P/E 180.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QNO.L | FAIL (FCF <= 0 (-204000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| THG.L | FAIL (FCF <= 0 (-14091000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GYM.L | FAIL (P/E 51.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JS2.L | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JZ0.L | PASS | 45.24 | — | — | — | — | — | Passed Stage 2 |
| AVCT.L | FAIL (FCF <= 0 (-24804000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JQQ.L | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTL.L | PASS | 29.34 | — | — | — | — | — | Passed Stage 2 |
| 0M3Q.L | PASS | 53.8 | — | — | — | — | — | Passed Stage 2 |
| 0KC4.L | FAIL (Rev growth -15.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AT.L | PASS | 36.46 | — | — | — | — | — | Passed Stage 2 |
| 0KGE.L | PASS | 59.32 | — | — | — | — | — | Passed Stage 2 |
| CPI.L | FAIL (FCF <= 0 (-4800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAY.L | PASS | 67.43 | PASS | MEDIUM | FAIL | 210.24 | 0.77:1 | Rejected (Stage 4: Asymmetry 0.8:1 < 2:1 (price=587.50, low=373.39, med=752.68)) |
| AGY.L | FAIL (FCF <= 0 (-31981000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NICL.L | PASS | 24.89 | — | — | — | — | — | Passed Stage 2 |
| RST.L | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCR.L | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KXM.L | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECOR.L | FAIL (ROE 4.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASC.L | FAIL (Net margin -10.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0NMK.L | PASS | 49.19 | — | — | — | — | — | Passed Stage 2 |
| NCC.L | FAIL (Rev growth -25.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELIX.L | PASS | 56.45 | — | — | — | — | — | Passed Stage 2 |
| PAGE.L | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| THS.L | FAIL (FCF <= 0 (-26801000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DFS.L | PASS | 51.04 | — | — | — | — | — | Passed Stage 2 |
| 0ICP.L | PASS | 36.34 | — | — | — | — | — | Passed Stage 2 |
| 0IDU.L | PASS | 64.37 | — | — | — | — | — | Passed Stage 2 |
| 0QKI.L | PASS | 6.68 | — | — | — | — | — | Passed Stage 2 |
| EVPL.L | FAIL (ROE 9.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R1T.L | PASS | 45.66 | — | — | — | — | — | Passed Stage 2 |
| CER.L | PASS | 38.48 | — | — | — | — | — | Passed Stage 2 |
| 0RD1.L | PASS | 55.62 | — | — | — | — | — | Passed Stage 2 |
| 0JDM.L | PASS | 24.36 | — | — | — | — | — | Passed Stage 2 |
| MER.L | PASS | 32.33 | — | — | — | — | — | Passed Stage 2 |
| 0QY4.L | PASS | 30.01 | — | — | — | — | — | Passed Stage 2 |
| 0LQQ.L | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HVB.L | FAIL (Net margin -3.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HE2.L | FAIL (FCF <= 0 (-821000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRTC.L | FAIL (FCF <= 0 (-86923202)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MARS.L | FAIL (P/E 437.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L95.L | FAIL (P/E 59.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QPS.L | PASS | 40.0 | — | — | — | — | — | Passed Stage 2 |
| 0R1B.L | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0SAN.L | PASS | 11.89 | — | — | — | — | — | Passed Stage 2 |
| DEBS.L | FAIL (FCF <= 0 (-25700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JDG.L | FAIL (P/E 55.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RPS.L | PASS | 31.34 | — | — | — | — | — | Passed Stage 2 |
| 53GW.L | FAIL (ROE 5.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PINE.L | FAIL (FCF <= 0 (-4600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0P2N.L | PASS | 6.32 | — | — | — | — | — | Passed Stage 2 |
| EEE.L | FAIL (FCF <= 0 (-3039850)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LD5.L | PASS | 32.2 | — | — | — | — | — | Passed Stage 2 |
| PRE.L | FAIL (FCF <= 0 (-9000506)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBEE.L | FAIL (FCF <= 0 (-1760000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QW0.L | FAIL (FCF <= 0 (-81614184)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R23.L | PASS | 23.1 | — | — | — | — | — | Passed Stage 2 |
| 0K6F.L | PASS | 61.55 | — | — | — | — | — | Passed Stage 2 |
| 0NHS.L | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KEI.L | PASS | 45.34 | — | — | — | — | — | Passed Stage 2 |
| 0HVF.L | FAIL (FCF <= 0 (-2384000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LHL.L | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JTM.L | FAIL (Net margin -1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMCL.L | PASS | 77.43 | PASS | LOW | FAIL | 339.27 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=1510.00, low=4530.00, med=5209.50)) |
| 0L8F.L | FAIL (FCF <= 0 (-831000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IFJ.L | FAIL (FCF <= 0 (-715000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K4C.L | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QO1.L | PASS | 46.79 | — | — | — | — | — | Passed Stage 2 |
| YU.L | PASS | 38.46 | — | — | — | — | — | Passed Stage 2 |
| TFW.L | PASS | 51.63 | — | — | — | — | — | Passed Stage 2 |
| 0TIQ.L | FAIL (ROE -43.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LXC.L | PASS | 44.12 | — | — | — | — | — | Passed Stage 2 |
| 0M29.L | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KW4.L | PASS | 59.67 | — | — | — | — | — | Passed Stage 2 |
| FORT.L | FAIL (ROE 7.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIG.L | FAIL (FCF <= 0 (-1569000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I6Q.L | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KEJ.L | FAIL (FCF <= 0 (-1401000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LO3.L | PASS | 48.97 | — | — | — | — | — | Passed Stage 2 |
| 0V1L.L | FAIL (Rev growth -24.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QOT.L | PASS | 47.13 | — | — | — | — | — | Passed Stage 2 |
| FRAN.L | FAIL (ROE 4.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IJ2.L | FAIL (FCF <= 0 (-45097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A0D.L | FAIL (ROE 3.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RWS.L | FAIL (Net margin -13.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FUTR.L | FAIL (ROE 3.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I50.L | PASS | 83.87 | PASS | LOW | FAIL | 92.03 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=40.75, low=122.24, med=140.58)) |
| 0J8Z.L | PASS | 52.44 | — | — | — | — | — | Passed Stage 2 |
| 0I8W.L | PASS | 27.14 | — | — | — | — | — | Passed Stage 2 |
| 0VFA.L | PASS | 22.89 | — | — | — | — | — | Passed Stage 2 |
| VIC.L | PASS | 22.33 | — | — | — | — | — | Passed Stage 2 |
| 0I77.L | PASS | 32.84 | — | — | — | — | — | Passed Stage 2 |
| 0J71.L | PASS | 11.76 | — | — | — | — | — | Passed Stage 2 |
| 0IC7.L | PASS | 39.67 | — | — | — | — | — | Passed Stage 2 |
| 0A7O.L | FAIL (FCF <= 0 (-112453000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXR.L | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KS6.L | PASS | 46.57 | — | — | — | — | — | Passed Stage 2 |
| 0IP9.L | PASS | 38.57 | — | — | — | — | — | Passed Stage 2 |
| 0R07.L | PASS | 63.54 | — | — | — | — | — | Passed Stage 2 |
| 0K10.L | FAIL (ROE -610.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCB.L | PASS | 45.99 | — | — | — | — | — | Passed Stage 2 |
| 0Z4C.L | PASS | 24.81 | — | — | — | — | — | Passed Stage 2 |
| ALTN.L | PASS | 88.51 | PASS | LOW | FAIL | 185.75 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=942.00, low=2826.00, med=3249.90)) |
| 0HEW.L | FAIL (FCF <= 0 (-1067000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HSP.L | FAIL (P/E 1266.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NFG.L | FAIL (Net margin -4.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R06.L | PASS | 38.91 | — | — | — | — | — | Passed Stage 2 |
| GHH.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YP5.L | PASS | 43.1 | — | — | — | — | — | Passed Stage 2 |
| 0KTS.L | PASS | 54.21 | — | — | — | — | — | Passed Stage 2 |
| IHG.L | FAIL (ROE -23.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OTB.L | FAIL (P/E 8630.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WVIA.L | FAIL (FCF <= 0 (-3379000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LP3.L | FAIL (ROE -2137.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KKZ.L | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YOU.L | FAIL (ROE 6.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABDP.L | FAIL (Net margin -5.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IPB.L | FAIL (FCF <= 0 (-1005000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M18.L | PASS | 47.78 | — | — | — | — | — | Passed Stage 2 |
| WIL.L | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R13.L | PASS | 30.15 | — | — | — | — | — | Passed Stage 2 |
| 0LTI.L | FAIL (ROE 8.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HR4.L | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NIOX.L | PASS | 50.07 | — | — | — | — | — | Passed Stage 2 |
| TTST.L | PASS | 56.34 | — | — | — | — | — | Passed Stage 2 |
| 0QRA.L | PASS | 8.5 | — | — | — | — | — | Passed Stage 2 |
| SAG.L | PASS | 58.35 | — | — | — | — | — | Passed Stage 2 |
| CCPA.L | FAIL (ROE 6.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IC8.L | PASS | 49.85 | — | — | — | — | — | Passed Stage 2 |
| 0M1O.L | FAIL (P/E 68.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAPD.L | PASS | 67.58 | PASS | LOW | FAIL | 87.09 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=105.00, low=315.00, med=362.25)) |
| FSJ.L | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNC.L | PASS | 17.38 | — | — | — | — | — | Passed Stage 2 |
| 0JU0.L | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RPZ.L | FAIL (P/E 51.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QMW.L | PASS | 42.09 | — | — | — | — | — | Passed Stage 2 |
| 0LOZ.L | FAIL (ROE -40.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ESNT.L | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASY.L | PASS | 36.87 | — | — | — | — | — | Passed Stage 2 |
| VTU.L | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K87.L | FAIL (FCF <= 0 (-420000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KSX.L | PASS | 18.64 | — | — | — | — | — | Passed Stage 2 |
| 0JAV.L | FAIL (FCF <= 0 (-997575000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCP.L | FAIL (ROE 6.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KSA.L | FAIL (P/E 101.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANCR.L | FAIL (ROE 4.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CARD.L | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ABJ.L | FAIL (ROE 3.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J9P.L | PASS | 47.88 | — | — | — | — | — | Passed Stage 2 |
| PTAL.L | FAIL (Rev growth -22.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRB.L | PASS | 92.66 | PASS | LOW | FAIL | 186.08 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=295.00, low=636.65, med=780.06)) |
| MSI.L | FAIL (FCF <= 0 (-7000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCPC.L | FAIL (ROE 6.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KEZ.L | PASS | 17.34 | — | — | — | — | — | Passed Stage 2 |
| 0F0J.L | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LTHP.L | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JSY.L | PASS | 9.1 | — | — | — | — | — | Passed Stage 2 |
| 0QKN.L | PASS | 14.58 | — | — | — | — | — | Passed Stage 2 |
| 0IL6.L | PASS | 52.48 | — | — | — | — | — | Passed Stage 2 |
| CAML.L | FAIL (Net margin -32.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KB7.L | FAIL (P/E 88.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LIB.L | PASS | 41.53 | — | — | — | — | — | Passed Stage 2 |
| 0IJR.L | PASS | 28.12 | — | — | — | — | — | Passed Stage 2 |
| 0LHR.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SLP.L | FAIL (FCF <= 0 (-11079132)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GMS.L | FAIL (ROE 4.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JUJ.L | FAIL (Net margin -18.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRT.L | FAIL (FCF <= 0 (-1047369)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J2E.L | FAIL (ROE -473.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HQW.L | PASS | 18.76 | — | — | — | — | — | Passed Stage 2 |
| EVOK.L | FAIL (Net margin -30.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEE.L | FAIL (FCF <= 0 (-12545000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0DH7.L | PASS | 63.25 | — | — | — | — | — | Passed Stage 2 |
| 0XVU.L | FAIL (Net margin -2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LTHM.L | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L7G.L | PASS | 43.71 | — | — | — | — | — | Passed Stage 2 |
| 0REZ.L | PASS | 28.51 | — | — | — | — | — | Passed Stage 2 |
| 0QIX.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTG.L | FAIL (Net margin -10.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZTF.L | PASS | 53.19 | — | — | — | — | — | Passed Stage 2 |
| 0IRE.L | FAIL (Rev growth -33.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L2T.L | FAIL (FCF <= 0 (-2401678947000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RFL.L | FAIL (P/E 93.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQ2.L | PASS | 38.14 | — | — | — | — | — | Passed Stage 2 |
| RCN.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SFOR.L | FAIL (Net margin -3.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NET.L | FAIL (P/E 81.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ILW.L | PASS | 36.67 | — | — | — | — | — | Passed Stage 2 |
| AVG.L | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A18.L | PASS | 37.77 | — | — | — | — | — | Passed Stage 2 |
| VP.L | FAIL (Net margin -1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STEM.L | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRAD.L | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SVML.L | FAIL (FCF <= 0 (-33902854)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QZ5.L | PASS | 39.23 | — | — | — | — | — | Passed Stage 2 |
| 0R1X.L | PASS | 22.75 | — | — | — | — | — | Passed Stage 2 |
| CNE.L | FAIL (Rev growth -23.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0II3.L | PASS | 40.05 | — | — | — | — | — | Passed Stage 2 |
| CRST.L | FAIL (FCF <= 0 (-11000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KIST.L | FAIL (FCF <= 0 (-40304000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SCLP.L | FAIL (FCF <= 0 (-6120000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RFX.L | PASS | 56.02 | — | — | — | — | — | Passed Stage 2 |
| TSTL.L | PASS | 53.23 | — | — | — | — | — | Passed Stage 2 |
| 0LWG.L | FAIL (ROE 4.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AA4.L | FAIL (ROE 8.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AOM.L | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0OHK.L | PASS | 27.39 | — | — | — | — | — | Passed Stage 2 |
| AXS.L | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JAR.L | FAIL (ROE 3.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A1S.L | FAIL (FCF <= 0 (-1447098560)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PANR.L | FAIL (FCF <= 0 (-3437066)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HCT.L | FAIL (FCF <= 0 (-1314000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUP.L | PASS | 59.86 | — | — | — | — | — | Passed Stage 2 |
| 0EAQ.L | FAIL (Rev growth -22.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TET.L | FAIL (Rev growth -13.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0EDD.L | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YG7.L | PASS | 35.94 | — | — | — | — | — | Passed Stage 2 |
| 0HW4.L | PASS | 36.2 | — | — | — | — | — | Passed Stage 2 |
| KAP.L | PASS | 70.84 | PASS | LOW | FAIL | 25.06 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=68.00, low=204.00, med=234.60)) |
| PPHC.L | FAIL (Net margin -20.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0UGS.L | PASS | 66.75 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| 0QMI.L | PASS | 40.48 | — | — | — | — | — | Passed Stage 2 |
| 0IW7.L | FAIL (Net margin -8.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FNTL.L | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OPT.L | FAIL (FCF <= 0 (-1064000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEYS.L | PASS | 56.96 | — | — | — | — | — | Passed Stage 2 |
| 0K6R.L | PASS | 57.15 | — | — | — | — | — | Passed Stage 2 |
| TLW.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KBK.L | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DIA.L | FAIL (Net margin -8.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RCH.L | FAIL (Net margin -25.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| W7L.L | PASS | 41.7 | — | — | — | — | — | Passed Stage 2 |
| 0JZ1.L | FAIL (ROE -566.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R18.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HL5.L | PASS | 13.68 | — | — | — | — | — | Passed Stage 2 |
| 0HBQ.L | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNWS.L | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QM9.L | PASS | 28.58 | — | — | — | — | — | Passed Stage 2 |
| 0HPW.L | PASS | 57.65 | — | — | — | — | — | Passed Stage 2 |
| 0HQU.L | PASS | 47.09 | — | — | — | — | — | Passed Stage 2 |
| GTE.L | FAIL (Net margin -49.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRCK.L | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HDK.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAA.L | FAIL (Net margin -0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KBI.L | PASS | 40.85 | — | — | — | — | — | Passed Stage 2 |
| 0LF0.L | PASS | 13.86 | — | — | — | — | — | Passed Stage 2 |
| KMR.L | FAIL (FCF <= 0 (-105225292)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECO.L | FAIL (FCF <= 0 (-5478160)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IUX.L | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MKA.L | FAIL (FCF <= 0 (-6673692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAV.L | FAIL (FCF <= 0 (-3996820)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M30.L | PASS | 22.0 | — | — | — | — | — | Passed Stage 2 |
| 0JVT.L | PASS | 55.64 | — | — | — | — | — | Passed Stage 2 |
| KGH.L | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LFS.L | PASS | 25.5 | — | — | — | — | — | Passed Stage 2 |
| 0L1G.L | PASS | 37.92 | — | — | — | — | — | Passed Stage 2 |
| 0RG4.L | PASS | 18.74 | — | — | — | — | — | Passed Stage 2 |
| GRX.L | FAIL (FCF <= 0 (-4344760)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I7E.L | FAIL (ROE -133.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FNX.L | PASS | 48.51 | — | — | — | — | — | Passed Stage 2 |
| KP2.L | FAIL (FCF <= 0 (-1824700)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QO6.L | PASS | 35.13 | — | — | — | — | — | Passed Stage 2 |
| JSE.L | FAIL (FCF <= 0 (-5827749)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K7U.L | FAIL (Rev growth -16.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBW.L | FAIL (FCF <= 0 (-3712393)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JOI.L | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CGS.L | FAIL (ROE 6.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GLE.L | FAIL (FCF <= 0 (-5991000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J5Z.L | FAIL (ROE 5.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IJO.L | PASS | 70.15 | PASS | LOW | FAIL | 33.74 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=54.55, low=117.16, med=163.65)) |
| 0I0T.L | PASS | 49.57 | — | — | — | — | — | Passed Stage 2 |
| AET.L | FAIL (FCF <= 0 (-25070169)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCG.L | FAIL (FCF <= 0 (-59700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GENL.L | FAIL (Net margin -13.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HJR.L | PASS | 23.81 | — | — | — | — | — | Passed Stage 2 |
| TIN.L | FAIL (FCF <= 0 (-33763220)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IES.L | FAIL (FCF <= 0 (-34211000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKS.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAM.L | FAIL (FCF <= 0 (-4500000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FDEV.L | PASS | 71.99 | PASS | LOW | FAIL | 91.74 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=407.00, low=1221.00, med=1404.15)) |
| 0HC7.L | FAIL (Net margin -4.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HCB.L | PASS | 16.21 | — | — | — | — | — | Passed Stage 2 |
| 0HOU.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I3I.L | FAIL (P/E 60.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L9E.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JEL.L | FAIL (FCF <= 0 (-3365000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HSW.L | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HVD.L | FAIL (ROE 6.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HHB.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTEA.L | FAIL (FCF <= 0 (-17356000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KXS.L | FAIL (FCF <= 0 (-459907000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y9S.L | PASS | 53.76 | — | — | — | — | — | Passed Stage 2 |
| EYE.L | FAIL (Net margin 0.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JZS.L | PASS | 42.74 | — | — | — | — | — | Passed Stage 2 |
| MIDW.L | FAIL (Net margin -2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RQO.L | FAIL (P/E 73.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y5X.L | PASS | 44.08 | — | — | — | — | — | Passed Stage 2 |
| 0GFE.L | FAIL (Net margin -35.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y5C.L | PASS | 45.01 | — | — | — | — | — | Passed Stage 2 |
| 0AHJ.L | PASS | 31.31 | — | — | — | — | — | Passed Stage 2 |
| 0HTF.L | PASS | 41.66 | — | — | — | — | — | Passed Stage 2 |
| SYNT.L | FAIL (Net margin -9.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L7F.L | FAIL (Net margin -1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K9O.L | FAIL (ROE -37.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JWC.L | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HQ3.L | PASS | 40.74 | — | — | — | — | — | Passed Stage 2 |
| 0JDI.L | FAIL (FCF <= 0 (-320027000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HPOW.L | FAIL (FCF <= 0 (-12568000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRB.L | PASS | 32.57 | — | — | — | — | — | Passed Stage 2 |
| 0QYL.L | FAIL (P/E 53.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KYGA.L | PASS | 13.52 | — | — | — | — | — | Passed Stage 2 |
| 0ABA.L | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACSO.L | FAIL (ROE 5.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0NIQ.L | FAIL (P/E 95.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOTD.L | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QPY.L | PASS | 23.06 | — | — | — | — | — | Passed Stage 2 |
| 0HCK.L | PASS | 33.18 | — | — | — | — | — | Passed Stage 2 |
| 0I4X.L | PASS | 22.12 | — | — | — | — | — | Passed Stage 2 |
| 0KHE.L | FAIL (P/E 53.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HGC.L | PASS | 48.19 | — | — | — | — | — | Passed Stage 2 |
| ALL.L | FAIL (FCF <= 0 (-24454548)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RNX.L | PASS | 27.49 | — | — | — | — | — | Passed Stage 2 |
| DXRX.L | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KIZ.L | PASS | 6.62 | — | — | — | — | — | Passed Stage 2 |
| 0HKF.L | FAIL (FCF <= 0 (-93885000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YAY.L | FAIL (Net margin -147.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPR.L | FAIL (ROE 8.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 49GP.L | FAIL (P/E 67.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KIT.L | FAIL (FCF <= 0 (-819523000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J3K.L | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCON.L | FAIL (ROE 3.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEFI.L | FAIL (FCF <= 0 (-15091000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AEX.L | FAIL (FCF <= 0 (-2476000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKY.L | FAIL (FCF <= 0 (-4610)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 50GP.L | FAIL (P/E 67.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I0J.L | PASS | 39.75 | — | — | — | — | — | Passed Stage 2 |
| EKF.L | FAIL (P/E 57.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A37.L | PASS | 19.74 | — | — | — | — | — | Passed Stage 2 |
| APTD.L | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TUNE.L | FAIL (ROE 4.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| QTX.L | PASS | 34.95 | — | — | — | — | — | Passed Stage 2 |
| 0QK8.L | FAIL (Net margin -9.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QMR.L | FAIL (P/E 61.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HI1.L | FAIL (FCF <= 0 (-37205000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FDM.L | FAIL (Rev growth -31.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HGV.L | FAIL (FCF <= 0 (-353576000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J76.L | PASS | 35.3 | — | — | — | — | — | Passed Stage 2 |
| 0HI3.L | FAIL (Net margin -48.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TIG.L | FAIL (Net margin -9.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A1K.L | FAIL (FCF <= 0 (-2988901000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I14.L | FAIL (P/E 77.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOLI.L | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECEL.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBSN.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMIP.L | FAIL (Net margin -2175.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R0U.L | PASS | 42.43 | — | — | — | — | — | Passed Stage 2 |
| 0QM4.L | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMCO.L | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BOR.L | FAIL (FCF <= 0 (-2452000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R3I.L | FAIL (FCF <= 0 (-4961000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPEC.L | FAIL (FCF <= 0 (-2258000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R0A.L | PASS | 51.18 | — | — | — | — | — | Passed Stage 2 |
| MACF.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QJV.L | FAIL (FCF <= 0 (-170000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOM.L | FAIL (Rev growth -16.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYK.L | FAIL (ROE -115.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HNC.L | FAIL (ROE 4.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0MKP.L | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IPD.L | PASS | 46.95 | — | — | — | — | — | Passed Stage 2 |
| MOTR.L | FAIL (FCF <= 0 (-7000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L77.L | FAIL (ROE 6.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PHAR.L | FAIL (Net margin -6.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SWC.L | FAIL (FCF <= 0 (-1643060)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L3C.L | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LVK.L | FAIL (FCF <= 0 (-530000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ITV.L | PASS | 45.88 | — | — | — | — | — | Passed Stage 2 |
| SDY.L | FAIL (Net margin -6.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELCO.L | FAIL (P/E 7298.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J1G.L | FAIL (P/E 64.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHI.L | FAIL (Net margin -2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0H6G.L | FAIL (FCF <= 0 (-1623000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IQE.L | PASS | 36.23 | — | — | — | — | — | Passed Stage 2 |
| 0UC3.L | FAIL (FCF <= 0 (-1169860000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MUL.L | FAIL (Net margin -18.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XAR.L | FAIL (FCF <= 0 (-156000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SFR.L | FAIL (Net margin -7.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QVR.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0TZZ.L | FAIL (P/E 97.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPSY.L | PASS | 53.72 | — | — | — | — | — | Passed Stage 2 |
| SPSC.L | PASS | 56.58 | — | — | — | — | — | Passed Stage 2 |
| IOF.L | FAIL (P/E 1569.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KDI.L | PASS | 18.94 | — | — | — | — | — | Passed Stage 2 |
| 0R86.L | PASS | 43.64 | — | — | — | — | — | Passed Stage 2 |
| TRCS.L | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0F4O.L | FAIL (P/E 54.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0H9N.L | PASS | 32.64 | — | — | — | — | — | Passed Stage 2 |
| TRI.L | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SDI.L | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0V9D.L | FAIL (FCF <= 0 (-77752000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LJL.L | PASS | 50.02 | — | — | — | — | — | Passed Stage 2 |
| KETL.L | PASS | 55.9 | — | — | — | — | — | Passed Stage 2 |
| 0RDI.L | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I3Q.L | FAIL (P/E 194.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CORU.L | FAIL (FCF <= 0 (-68856000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HJH.L | PASS | 50.66 | — | — | — | — | — | Passed Stage 2 |
| 0J2O.L | PASS | 68.9 | PASS | MEDIUM | FAIL | 40.83 | 1.39:1 | Rejected (Stage 4: Asymmetry 1.4:1 < 2:1 (price=75.15, low=34.38, med=131.90)) |
| 0XNH.L | PASS | 56.45 | — | — | — | — | — | Passed Stage 2 |
| 0K2K.L | FAIL (Net margin -18.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DEVO.L | FAIL (Net margin -15.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TENG.L | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KTW.L | PASS | 35.62 | — | — | — | — | — | Passed Stage 2 |
| 0LF5.L | PASS | 50.93 | — | — | — | — | — | Passed Stage 2 |
| SAVE.L | PASS | 56.64 | — | — | — | — | — | Passed Stage 2 |
| BVXP.L | PASS | 48.85 | — | — | — | — | — | Passed Stage 2 |
| 0KSJ.L | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L7A.L | PASS | 45.51 | — | — | — | — | — | Passed Stage 2 |
| 0K1G.L | FAIL (Net margin -11.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SML.L | FAIL (FCF <= 0 (-633000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LPE.L | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VGE.L | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CBOX.L | PASS | 15.49 | — | — | — | — | — | Passed Stage 2 |
| 0IQC.L | FAIL (FCF <= 0 (-437000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JHU.L | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R0P.L | FAIL (P/E 117.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANP.L | PASS | 30.21 | — | — | — | — | — | Passed Stage 2 |
| ALU.L | PASS | 55.59 | — | — | — | — | — | Passed Stage 2 |
| JLP.L | FAIL (FCF <= 0 (-13574151)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RPY.L | PASS | 38.45 | — | — | — | — | — | Passed Stage 2 |
| GMR.L | PASS | 69.39 | PASS | MEDIUM | PASS | 61.02 | 32.94:1 | Candidate |
| PEBB.L | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATM.L | FAIL (FCF <= 0 (-18916603)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENSI.L | FAIL (Net margin -9.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0U6C.L | PASS | 36.41 | — | — | — | — | — | Passed Stage 2 |
| 0JS0.L | FAIL (FCF <= 0 (-137400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVAP.L | FAIL (Net margin -12.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RKL.L | FAIL (P/E 110.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 4BB.L | FAIL (FCF <= 0 (-15209000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VLG.L | FAIL (FCF <= 0 (-309000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WYN.L | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MPAC.L | FAIL (FCF <= 0 (-3200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IF3.L | FAIL (ROE 6.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JNEO.L | PASS | 55.22 | — | — | — | — | — | Passed Stage 2 |
| 0RG6.L | PASS | 13.42 | — | — | — | — | — | Passed Stage 2 |
| 0HE6.L | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0GXK.L | PASS | 34.11 | — | — | — | — | — | Passed Stage 2 |
| BMS.L | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RDH.L | FAIL (Net margin -0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYN.L | PASS | 25.34 | — | — | — | — | — | Passed Stage 2 |
| 0I5O.L | PASS | 21.77 | — | — | — | — | — | Passed Stage 2 |
| 0HYI.L | PASS | 55.52 | — | — | — | — | — | Passed Stage 2 |
| BOOM.L | FAIL (FCF <= 0 (-547244)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GTLY.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RM.L | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0CX9.L | FAIL (FCF <= 0 (-130000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RNQ.L | FAIL (Rev growth -36.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KGH.L | PASS | 53.83 | — | — | — | — | — | Passed Stage 2 |
| 0HOT.L | PASS | 44.06 | — | — | — | — | — | Passed Stage 2 |
| 0HTQ.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EUA.L | FAIL (Net margin -21.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IIW.L | FAIL (ROE -25.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LIKE.L | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K2F.L | FAIL (ROE 5.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDGP.L | FAIL (FCF <= 0 (-1403000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ITS.L | PASS | 26.54 | — | — | — | — | — | Passed Stage 2 |
| 0QQ0.L | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IGR.L | FAIL (FCF <= 0 (-1259292)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HAL.L | FAIL (FCF <= 0 (-25285000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MBH.L | FAIL (ROE 3.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K3B.L | FAIL (FCF <= 0 (-534600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KDH.L | FAIL (FCF <= 0 (-284675000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0GBU.L | PASS | 57.18 | — | — | — | — | — | Passed Stage 2 |
| 0JTQ.L | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CFX.L | PASS | 37.12 | — | — | — | — | — | Passed Stage 2 |
| FVA.L | PASS | 43.9 | — | — | — | — | — | Passed Stage 2 |
| 0A39.L | PASS | 56.06 | — | — | — | — | — | Passed Stage 2 |
| 0R30.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DPP.L | FAIL (FCF <= 0 (-265100)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZPHR.L | FAIL (FCF <= 0 (-751000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JSJ.L | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWF.L | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXL.L | FAIL (FCF <= 0 (-3138871)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JXD.L | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LBG.L | PASS | 40.98 | — | — | — | — | — | Passed Stage 2 |
| 0HST.L | PASS | 16.34 | — | — | — | — | — | Passed Stage 2 |
| 0SGO.L | FAIL (ROE -28.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I2P.L | FAIL (Net margin -0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RA9.L | FAIL (FCF <= 0 (-162231000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TPT.L | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEM.L | FAIL (FCF <= 0 (-23141946)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TPX.L | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AOTI.L | FAIL (FCF <= 0 (-7851000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IGP.L | PASS | 48.52 | — | — | — | — | — | Passed Stage 2 |
| STX.L | FAIL (FCF <= 0 (-8832501)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BVC.L | FAIL (FCF <= 0 (-9018320)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OBI.L | FAIL (FCF <= 0 (-24022270)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TUN.L | FAIL (FCF <= 0 (-8365584)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RTK.L | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 54GW.L | FAIL (P/E negative or zero (0.0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VCP.L | FAIL (FCF <= 0 (-79400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MWE.L | PASS | 36.34 | — | — | — | — | — | Passed Stage 2 |
| 0QO7.L | FAIL (FCF <= 0 (-312632000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0OPN.L | FAIL (ROE 1.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KOD.L | FAIL (FCF <= 0 (-2608008)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEA.L | FAIL (FCF <= 0 (-2780100)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYE.L | PASS | 8.89 | — | — | — | — | — | Passed Stage 2 |
| SFT.L | FAIL (Net margin -14.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VBE.L | PASS | 68.0 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| CREO.L | FAIL (FCF <= 0 (-20000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HC3.L | FAIL (FCF <= 0 (-339000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EAH.L | FAIL (Rev growth -11.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OMI.L | FAIL (FCF <= 0 (-3893000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| G4M.L | PASS | 28.48 | — | — | — | — | — | Passed Stage 2 |
| 0HK4.L | FAIL (FCF <= 0 (-1643000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTLN.L | FAIL (FCF <= 0 (-241673000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AURA.L | FAIL (FCF <= 0 (-16887320)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AFRK.L | FAIL (FCF <= 0 (-11982000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLX.L | FAIL (P/E 79.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LDG.L | FAIL (FCF <= 0 (-2141000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GLB.L | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTEC.L | PASS | 20.4 | — | — | — | — | — | Passed Stage 2 |
| KOO.L | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HEX.L | FAIL (FCF <= 0 (-5512000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0GMG.L | FAIL (Rev growth -25.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VANL.L | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RWA.L | FAIL (Net margin -3.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VAG.L | FAIL (P/E 112.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNS.L | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRD.L | PASS | 30.55 | — | — | — | — | — | Passed Stage 2 |
| 0QVE.L | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARS.L | FAIL (FCF <= 0 (-4404504)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QND.L | FAIL (FCF <= 0 (-48202000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HEMO.L | FAIL (FCF <= 0 (-3451913)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I0H.L | FAIL (FCF <= 0 (-1023000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LID.L | FAIL (Net margin -9.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IKA.L | FAIL (FCF <= 0 (-6284400)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QOW.L | FAIL (Net margin -66.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PULS.L | FAIL (Net margin -15.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QW8.L | PASS | 40.94 | — | — | — | — | — | Passed Stage 2 |
| SDG.L | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAT.L | FAIL (FCF <= 0 (-2099300)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HUR.L | FAIL (Net margin -11.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BILN.L | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0FH7.L | FAIL (P/E 94.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HDD.L | PASS | 25.61 | — | — | — | — | — | Passed Stage 2 |
| 0EEI.L | FAIL (Rev growth -13.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KMK.L | PASS | 65.35 | — | — | — | — | — | Passed Stage 2 |
| 0KGS.L | PASS | 72.21 | PASS | MEDIUM | PASS | 52.04 | 44.4:1 | Candidate |
| UPL.L | FAIL (FCF <= 0 (-4521770)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KE0.L | FAIL (FCF <= 0 (-780300000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0UU0.L | FAIL (FCF <= 0 (-133117999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HDY.L | FAIL (FCF <= 0 (-424702000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BGO.L | FAIL (Net margin -14.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 1SN.L | FAIL (FCF <= 0 (-18745339)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0V9N.L | PASS | 28.36 | — | — | — | — | — | Passed Stage 2 |
| 0LJQ.L | FAIL (FCF <= 0 (-70152999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LK3.L | PASS | 22.84 | — | — | — | — | — | Passed Stage 2 |
| PROC.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VCO.L | PASS | 48.9 | — | — | — | — | — | Passed Stage 2 |
| 0K3S.L | FAIL (Rev growth -10.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCT.L | FAIL (Net margin -1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VL5.L | PASS | 35.84 | — | — | — | — | — | Passed Stage 2 |
| 0RCW.L | PASS | 7.81 | — | — | — | — | — | Passed Stage 2 |
| 0QLQ.L | PASS | 32.11 | — | — | — | — | — | Passed Stage 2 |
| 0JZH.L | PASS | 36.99 | — | — | — | — | — | Passed Stage 2 |
| WJG.L | FAIL (FCF <= 0 (-14246000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZNWD.L | FAIL (FCF <= 0 (-2884136)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HOB.L | FAIL (ROE -225.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KJZ.L | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| POLB.L | FAIL (FCF <= 0 (-4841000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HVO.L | FAIL (FCF <= 0 (-14800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MRK.L | FAIL (FCF <= 0 (-2591000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HE1.L | FAIL (FCF <= 0 (-17610050)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FARN.L | FAIL (FCF <= 0 (-18142000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QM5.L | PASS | 43.11 | — | — | — | — | — | Passed Stage 2 |
| SAAS.L | FAIL (Net margin -2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WINE.L | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JSC.L | FAIL (ROE -52.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QOA.L | PASS | 34.14 | — | — | — | — | — | Passed Stage 2 |
| 0JDO.L | PASS | 22.04 | — | — | — | — | — | Passed Stage 2 |
| 0QQ9.L | PASS | 45.09 | — | — | — | — | — | Passed Stage 2 |
| CASP.L | FAIL (Rev growth -14.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VOU.L | FAIL (Net margin -19.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J86.L | FAIL (FCF <= 0 (-3454000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WATR.L | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WRKS.L | PASS | 43.79 | — | — | — | — | — | Passed Stage 2 |
| GATC.L | FAIL (FCF <= 0 (-3159000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMAN.L | FAIL (Net margin -8.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KJD.L | FAIL (ROE -69.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STVG.L | FAIL (FCF <= 0 (-200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HDU.L | PASS | 42.48 | — | — | — | — | — | Passed Stage 2 |
| 80M.L | FAIL (FCF <= 0 (-3825514)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VQA.L | FAIL (FCF <= 0 (-278685000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CML.L | FAIL (Net margin -0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMJ.L | FAIL (ROE 3.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OMG.L | FAIL (Net margin -1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RHU.L | PASS | 19.5 | — | — | — | — | — | Passed Stage 2 |
| 0ROG.L | PASS | 26.96 | — | — | — | — | — | Passed Stage 2 |
| STCM.L | FAIL (ROE 5.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0OCD.L | PASS | 62.55 | — | — | — | — | — | Passed Stage 2 |
| 0QK5.L | FAIL (P/E 81.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| STAF.L | FAIL (FCF <= 0 (-800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKL.L | PASS | 31.63 | — | — | — | — | — | Passed Stage 2 |
| CORA.L | FAIL (FCF <= 0 (-2737000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RE-B.L | FAIL (P/E negative or zero (-180.5)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RE.L | FAIL (P/E negative or zero (-180.5)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RJ6.L | PASS | 30.25 | — | — | — | — | — | Passed Stage 2 |
| 0LJE.L | PASS | 46.13 | — | — | — | — | — | Passed Stage 2 |
| 0LF8.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IJW.L | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENW.L | FAIL (FCF <= 0 (-1787738)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KJQ.L | FAIL (Net margin -6.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QNH.L | FAIL (P/E 54.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R32.L | PASS | 35.53 | — | — | — | — | — | Passed Stage 2 |
| 0URY.L | FAIL (FCF <= 0 (-118644000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQE.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SYS1.L | PASS | 39.08 | — | — | — | — | — | Passed Stage 2 |
| 0KAN.L | PASS | 55.29 | — | — | — | — | — | Passed Stage 2 |
| FLO.L | FAIL (Net margin -2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J9J.L | FAIL (Net margin -7.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L45.L | FAIL (ROE -33.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRCL.L | FAIL (FCF <= 0 (-2911000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ULTP.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYM.L | PASS | 58.86 | — | — | — | — | — | Passed Stage 2 |
| 0R8S.L | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHH.L | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HP1.L | PASS | 37.77 | — | — | — | — | — | Passed Stage 2 |
| 0Z1Q.L | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0H9G.L | FAIL (FCF <= 0 (-298000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QED.L | FAIL (FCF <= 0 (-3249000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0SOM.L | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRES.L | FAIL (FCF <= 0 (-1849260)) | — | — | — | — | — | — | Rejected (Stage 2) |
| COBR.L | FAIL (FCF <= 0 (-1020330)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J4G.L | FAIL (Net margin -9.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANG.L | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IPT.L | FAIL (Rev growth -82.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0MGH.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AURR.L | FAIL (FCF <= 0 (-7066000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ZC0.L | FAIL (Net margin -1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2C.L | FAIL (FCF <= 0 (-116606135)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GETB.L | FAIL (Net margin -6.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TBLD.L | FAIL (Net margin -9.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTG.L | PASS | 80.49 | PASS | LOW | FAIL | 175.73 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=137.50, low=412.50, med=474.37)) |
| 0R1J.L | FAIL (FCF <= 0 (-1802696000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HWG.L | FAIL (Net margin -7.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XPF.L | FAIL (FCF <= 0 (-55000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNX.L | FAIL (P/E 946.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KEQ.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QZ2.L | FAIL (Net margin -2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GAL.L | FAIL (FCF <= 0 (-1762952)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZIOC.L | FAIL (FCF <= 0 (-1155000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VOA.L | PASS | 82.98 | PASS | MEDIUM | FAIL | 137.85 | 0.71:1 | Rejected (Stage 4: Asymmetry 0.7:1 < 2:1 (price=25.04, low=18.06, med=30.00)) |
| 0YQA.L | PASS | 45.87 | — | — | — | — | — | Passed Stage 2 |
| 0O80.L | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAU.L | FAIL (FCF <= 0 (-2627000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RV0.L | PASS | 48.09 | — | — | — | — | — | Passed Stage 2 |
| CRPR.L | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQN.L | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KX9.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCIP.L | FAIL (Net margin -2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QWN.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KGY.L | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SBTX.L | FAIL (FCF <= 0 (-1304350)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M6I.L | PASS | 30.59 | — | — | — | — | — | Passed Stage 2 |
| PEB.L | PASS | 67.28 | PASS | LOW | FAIL | 272.46 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=25.00, low=31.63, med=73.51)) |
| 0Q92.L | FAIL (FCF <= 0 (-1342298000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JOG.L | FAIL (FCF <= 0 (-1095080)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L7S.L | FAIL (Net margin -28.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0S9E.L | PASS | 29.24 | — | — | — | — | — | Passed Stage 2 |
| 0Z0F.L | FAIL (FCF <= 0 (-6283000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQO.L | PASS | 37.14 | — | — | — | — | — | Passed Stage 2 |
| 0ROQ.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LEE.L | PASS | 42.06 | — | — | — | — | — | Passed Stage 2 |
| 0RQH.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K50.L | PASS | 48.42 | — | — | — | — | — | Passed Stage 2 |
| NXQ.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GELN.L | FAIL (FCF <= 0 (-4938000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMH.L | FAIL (FCF <= 0 (-2552182)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0N08.L | FAIL (Net margin -19.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ILL.L | PASS | 21.6 | — | — | — | — | — | Passed Stage 2 |
| 0QYY.L | FAIL (Rev growth -13.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLBX.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EML.L | FAIL (FCF <= 0 (-3785000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PXS.L | FAIL (FCF <= 0 (-338900)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KTF.L | PASS | 24.94 | — | — | — | — | — | Passed Stage 2 |
| 0V50.L | FAIL (ROE -16.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAR.L | FAIL (FCF <= 0 (-2551000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KZA.L | FAIL (ROE 2.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALRT.L | FAIL (FCF <= 0 (-558000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLBS.L | FAIL (FCF <= 0 (-9994552)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHAR.L | FAIL (FCF <= 0 (-22151000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MEX.L | FAIL (Net margin -7.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0EE0.L | FAIL (FCF <= 0 (-178402000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEN.L | FAIL (FCF <= 0 (-205290)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K9W.L | PASS | 9.05 | — | — | — | — | — | Passed Stage 2 |
| FAR.L | FAIL (FCF <= 0 (-3326350)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LJB.L | FAIL (FCF <= 0 (-459600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CYAN.L | FAIL (FCF <= 0 (-6588000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QNJ.L | PASS | 11.98 | — | — | — | — | — | Passed Stage 2 |
| 0A05.L | PASS | 46.39 | — | — | — | — | — | Passed Stage 2 |
| 0HRR.L | FAIL (FCF <= 0 (-41000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QK3.L | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YU1.L | FAIL (Net margin -17.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GDP.L | FAIL (Rev growth -22.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMO.L | FAIL (FCF <= 0 (-10713000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2I.L | FAIL (FCF <= 0 (-162163000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ZPV.L | FAIL (ROE 8.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KAV.L | FAIL (FCF <= 0 (-12608086)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BZT.L | FAIL (FCF <= 0 (-555000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LB2.L | FAIL (Net margin -3.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPHO.L | FAIL (FCF <= 0 (-3994038)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRDL.L | FAIL (FCF <= 0 (-303922)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LWH.L | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J5H.L | FAIL (P/E 78.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAR.L | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QNM.L | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LORD.L | FAIL (Net margin -0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NCYT.L | FAIL (FCF <= 0 (-9026098)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K7J.L | FAIL (Net margin -3.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QLW.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QJS.L | FAIL (Net margin -1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMET.L | FAIL (FCF <= 0 (-1844859)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VARE.L | FAIL (Net margin -4.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AREC.L | FAIL (FCF <= 0 (-2389000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTA.L | PASS | 41.92 | — | — | — | — | — | Passed Stage 2 |
| 0RF7.L | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STAR.L | FAIL (FCF <= 0 (-53000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CKT.L | FAIL (FCF <= 0 (-1900000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0NEX.L | FAIL (FCF <= 0 (-90247000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A0C.L | FAIL (FCF <= 0 (-559582000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOS.L | FAIL (FCF <= 0 (-783000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HC2.L | PASS | 45.98 | — | — | — | — | — | Passed Stage 2 |
| SHOE.L | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QMS.L | PASS | 49.75 | — | — | — | — | — | Passed Stage 2 |
| RBN.L | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I8F.L | FAIL (Net margin -17.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QAG.L | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JOT.L | FAIL (FCF <= 0 (-1216000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HB0.L | FAIL (FCF <= 0 (-377293000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BWRA.L | FAIL (FCF <= 0 (-100000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PMG.L | FAIL (FCF <= 0 (-2629000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HQ7.L | PASS | 43.67 | — | — | — | — | — | Passed Stage 2 |
| CRTA.L | FAIL (FCF <= 0 (-8349573)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JRL.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HKD.L | FAIL (FCF <= 0 (-996000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIH.L | FAIL (Net margin -6.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MATD.L | FAIL (FCF <= 0 (-2024607)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KDNC.L | FAIL (FCF <= 0 (-820000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRO.L | FAIL (Net margin -34.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KRPZ.L | FAIL (FCF <= 0 (-22424703)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ENN.L | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TAND.L | FAIL (FCF <= 0 (-1639630)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QLN.L | FAIL (Net margin -12.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RMR.L | FAIL (FCF <= 0 (-613000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TGP.L | FAIL (FCF <= 0 (-2137000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SALT.L | FAIL (FCF <= 0 (-3629580)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RKK.L | PASS | 47.1 | — | — | — | — | — | Passed Stage 2 |
| ART.L | FAIL (FCF <= 0 (-5194000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SYM.L | FAIL (FCF <= 0 (-1376000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MU.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LLY.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GE.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEV.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MRV.TO | FAIL (Net margin -46.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHOP.TO | FAIL (P/E 113.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSCO.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPCX.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENB.TO | PASS | 8.33 | — | — | — | — | — | Passed Stage 2 |
| ENB-PN.TO | PASS | 8.33 | — | — | — | — | — | Passed Stage 2 |
| ENB-PFA.TO | PASS | 8.39 | — | — | — | — | — | Passed Stage 2 |
| ENB-PT.TO | PASS | 8.75 | — | — | — | — | — | Passed Stage 2 |
| ENB-PA.TO | PASS | 8.97 | — | — | — | — | — | Passed Stage 2 |
| CNQ.TO | PASS | 28.47 | — | — | — | — | — | Passed Stage 2 |
| AEM.TO | PASS | 67.71 | PASS | MEDIUM | FAIL | 88.52 | 0.14:1 | Rejected (Stage 4: Asymmetry 0.1:1 < 2:1 (price=223.07, low=33.23, med=250.17)) |
| CP.TO | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNR.TO | PASS | 20.3 | — | — | — | — | — | Passed Stage 2 |
| TRP-PD.TO | PASS | 10.03 | — | — | — | — | — | Passed Stage 2 |
| TRP.TO | PASS | 10.04 | — | — | — | — | — | Passed Stage 2 |
| SU.TO | PASS | 19.22 | — | — | — | — | — | Passed Stage 2 |
| ABX.TO | PASS | 66.43 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| ATD.TO | PASS | 24.4 | — | — | — | — | — | Passed Stage 2 |
| IMO.TO | PASS | 15.17 | — | — | — | — | — | Passed Stage 2 |
| L.TO | PASS | 23.61 | — | — | — | — | — | Passed Stage 2 |
| WPM.TO | PASS | 64.74 | — | — | — | — | — | Passed Stage 2 |
| AVGO.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVE.TO | PASS | 14.7 | — | — | — | — | — | Passed Stage 2 |
| CCO.TO | FAIL (P/E 98.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WCN.TO | PASS | 12.73 | — | — | — | — | — | Passed Stage 2 |
| CSU.TO | FAIL (P/E 57.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FNV.TO | FAIL (FCF <= 0 (-715306388)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLS.TO | PASS | 59.91 | — | — | — | — | — | Passed Stage 2 |
| DOL.TO | PASS | 53.37 | — | — | — | — | — | Passed Stage 2 |
| TRI.TO | PASS | 33.43 | — | — | — | — | — | Passed Stage 2 |
| ENB-PFK.TO | PASS | 18.4 | — | — | — | — | — | Passed Stage 2 |
| FTS.TO | FAIL (FCF <= 0 (-2172000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTR.TO | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| K.TO | PASS | 75.9 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| TECK-A.TO | FAIL (FCF <= 0 (-1018000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TECK-B.TO | FAIL (FCF <= 0 (-1018000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL-PC.TO | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WN.TO | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL-PA.TO | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL.TO | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| QSR.TO | PASS | 20.69 | — | — | — | — | — | Passed Stage 2 |
| PPL-PQ.TO | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| H.TO | FAIL (FCF <= 0 (-275000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QSP-UN.TO | PASS | 21.1 | — | — | — | — | — | Passed Stage 2 |
| BBD-B.TO | FAIL (ROE -75.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBD-A.TO | FAIL (ROE -75.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FM.TO | FAIL (Net margin -3.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBA.TO | FAIL (P/E 52.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCE.TO | PASS | 37.05 | — | — | — | — | — | Passed Stage 2 |
| BCE-PA.TO | PASS | 37.05 | — | — | — | — | — | Passed Stage 2 |
| LUN.TO | PASS | 57.29 | — | — | — | — | — | Passed Stage 2 |
| PAAS.TO | PASS | 63.25 | — | — | — | — | — | Passed Stage 2 |
| RCI-A.TO | PASS | 55.81 | — | — | — | — | — | Passed Stage 2 |
| RCI-B.TO | PASS | 55.81 | — | — | — | — | — | Passed Stage 2 |
| MG.TO | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| T.TO | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WSP.TO | PASS | 34.52 | — | — | — | — | — | Passed Stage 2 |
| BIP-UN.TO | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDE.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TOU.TO | FAIL (ROE 4.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMA.TO | FAIL (FCF <= 0 (-1730000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OVV.TO | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCE-PY.TO | PASS | 45.17 | — | — | — | — | — | Passed Stage 2 |
| GIB-A.TO | PASS | 36.92 | — | — | — | — | — | Passed Stage 2 |
| MRU.TO | PASS | 23.5 | — | — | — | — | — | Passed Stage 2 |
| TIH.TO | PASS | 36.99 | — | — | — | — | — | Passed Stage 2 |
| LUG.TO | PASS | 78.86 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| AGI.TO | PASS | 66.75 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| GFL.TO | FAIL (Rev growth -15.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WCP.TO | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMA-PC.TO | FAIL (FCF <= 0 (-1730000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEP-PM.TO | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EDV.TO | PASS | 40.14 | — | — | — | — | — | Passed Stage 2 |
| SAP.TO | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALA.TO | FAIL (FCF <= 0 (-344000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFII.TO | PASS | 23.27 | — | — | — | — | — | Passed Stage 2 |
| ARX.TO | PASS | 55.72 | — | — | — | — | — | Passed Stage 2 |
| CCL-B.TO | PASS | 33.34 | — | — | — | — | — | Passed Stage 2 |
| CCL-A.TO | PASS | 33.34 | — | — | — | — | — | Passed Stage 2 |
| QBR-A.TO | PASS | 54.01 | — | — | — | — | — | Passed Stage 2 |
| WN-PA.TO | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATZ.TO | PASS | 41.94 | — | — | — | — | — | Passed Stage 2 |
| IVN.TO | FAIL (FCF <= 0 (-477477696)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QBR-B.TO | PASS | 54.29 | — | — | — | — | — | Passed Stage 2 |
| ATRL.TO | PASS | 35.94 | — | — | — | — | — | Passed Stage 2 |
| EMA-PH.TO | FAIL (FCF <= 0 (-1730000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEP-UN.TO | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEY.TO | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HBM.TO | PASS | 31.38 | — | — | — | — | — | Passed Stage 2 |
| IMG.TO | PASS | 45.85 | — | — | — | — | — | Passed Stage 2 |
| FTT.TO | PASS | 14.83 | — | — | — | — | — | Passed Stage 2 |
| BIP-PE.TO | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AG.TO | PASS | 52.17 | — | — | — | — | — | Passed Stage 2 |
| EFN.TO | FAIL (FCF <= 0 (-222347000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPX.TO | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAE.TO | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMP-A.TO | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GIL.TO | PASS | 31.69 | — | — | — | — | — | Passed Stage 2 |
| STN.TO | PASS | 48.28 | — | — | — | — | — | Passed Stage 2 |
| TPX-B.TO | FAIL (Net margin -18.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CU.TO | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EQX.TO | FAIL (FCF <= 0 (-6696206)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOBO.TO | FAIL (Rev growth -24.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTC-A.TO | PASS | — | — | — | — | — | — | Passed Stage 2 |
| CS.TO | PASS | 22.24 | — | — | — | — | — | Passed Stage 2 |
| BBD-PB.TO | FAIL (ROE -75.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GMIN.TO | PASS | 42.97 | — | — | — | — | — | Passed Stage 2 |
| BB.TO | FAIL (P/E 117.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXE.TO | FAIL (FCF <= 0 (-77752000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELD.TO | FAIL (FCF <= 0 (-195406848)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFPM.TO | PASS | 36.12 | — | — | — | — | — | Passed Stage 2 |
| SSRM.TO | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OR.TO | PASS | 39.03 | — | — | — | — | — | Passed Stage 2 |
| DSG.TO | PASS | 36.0 | — | — | — | — | — | Passed Stage 2 |
| DPM.TO | PASS | 61.18 | — | — | — | — | — | Passed Stage 2 |
| CGG.TO | PASS | 75.39 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| CTC.TO | PASS | 1.17 | — | — | — | — | — | Passed Stage 2 |
| SCR.TO | FAIL (Rev growth -10.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLCO.TO | FAIL (FCF <= 0 (-66000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEPC.TO | FAIL (FCF <= 0 (-888675530)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OGC.TO | PASS | 76.23 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| OTEX.TO | FAIL (Rev growth -10.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNDK.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACO-X.TO | FAIL (P/E 52.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTO.TO | PASS | 25.25 | — | — | — | — | — | Passed Stage 2 |
| WFG.TO | FAIL (FCF <= 0 (-315000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSK.TO | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EIF.TO | FAIL (FCF <= 0 (-80365000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AC.TO | PASS | 25.97 | — | — | — | — | — | Passed Stage 2 |
| MDA.TO | FAIL (P/E 60.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRU.TO | PASS | 33.35 | — | — | — | — | — | Passed Stage 2 |
| BBD-PC.TO | FAIL (ROE -75.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIPC.TO | FAIL (Net margin -20.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DSV.TO | PASS | 34.56 | — | — | — | — | — | Passed Stage 2 |
| AQN-PA.TO | FAIL (FCF <= 0 (-181421235)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AQN.TO | FAIL (FCF <= 0 (-181421235)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AII.TO | FAIL (FCF <= 0 (-79985000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOO.TO | PASS | 33.12 | — | — | — | — | — | Passed Stage 2 |
| MAU.TO | FAIL (FCF <= 0 (-395580712)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRGD.TO | PASS | 68.7 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| TVE.TO | FAIL (Net margin -6.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LNR.TO | PASS | 26.31 | — | — | — | — | — | Passed Stage 2 |
| TA.TO | FAIL (Net margin -7.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TA-PH.TO | FAIL (Net margin -7.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NPI.TO | FAIL (Net margin -5.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNT.TO | PASS | 48.66 | — | — | — | — | — | Passed Stage 2 |
| NGEX.TO | FAIL (FCF <= 0 (-93490190)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXG.TO | PASS | 35.56 | — | — | — | — | — | Passed Stage 2 |
| MX.TO | FAIL (Net margin -1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEI.TO | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OLA.TO | PASS | 81.5 | PASS | MEDIUM | PASS | 234.93 | 2.42:1 | Candidate |
| EFR.TO | FAIL (FCF <= 0 (-133117999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PEY.TO | PASS | 45.84 | — | — | — | — | — | Passed Stage 2 |
| ATH.TO | PASS | 24.88 | — | — | — | — | — | Passed Stage 2 |
| SES.TO | FAIL (Net margin -14.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKE.TO | FAIL (FCF <= 0 (-353202000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| USA.TO | FAIL (FCF <= 0 (-73185000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TPZ.TO | PASS | 26.99 | — | — | — | — | — | Passed Stage 2 |
| WGX.TO | PASS | 23.15 | — | — | — | — | — | Passed Stage 2 |
| CG.TO | PASS | 39.47 | — | — | — | — | — | Passed Stage 2 |
| SJ.TO | PASS | 18.07 | — | — | — | — | — | Passed Stage 2 |
| ARIS.TO | PASS | 23.72 | — | — | — | — | — | Passed Stage 2 |
| EFX.TO | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KXS.TO | PASS | 49.3 | — | — | — | — | — | Passed Stage 2 |
| BTE.TO | FAIL (Net margin -139.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAUC.TO | FAIL (Net margin -9.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AYA.TO | FAIL (FCF <= 0 (-4245000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEA.TO | FAIL (FCF <= 0 (-152431000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| POU.TO | FAIL (FCF <= 0 (-458800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DML.TO | FAIL (FCF <= 0 (-118644000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NG.TO | FAIL (FCF <= 0 (-14028000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ERO.TO | PASS | 37.79 | — | — | — | — | — | Passed Stage 2 |
| MFI.TO | FAIL (Rev growth -20.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGSI.TO | FAIL (ROE -100.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBH.TO | FAIL (FCF <= 0 (-125400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HPS-A.TO | FAIL (FCF <= 0 (-12484000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATS.TO | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLX.TO | FAIL (FCF <= 0 (-249000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPTA.TO | FAIL (FCF <= 0 (-118419999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FVI.TO | PASS | 59.12 | — | — | — | — | — | Passed Stage 2 |
| WDO.TO | PASS | 82.1 | PASS | MEDIUM | FAIL | 19061.78 | 1.02:1 | Rejected (Stage 4: Asymmetry 1.0:1 < 2:1 (price=24.66, low=9.87, med=39.80)) |
| PDI.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IPCO.TO | FAIL (FCF <= 0 (-152212000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CEU.TO | PASS | 22.17 | — | — | — | — | — | Passed Stage 2 |
| EDR.TO | FAIL (FCF <= 0 (-116606135)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VNP.TO | PASS | 30.52 | — | — | — | — | — | Passed Stage 2 |
| BDT.TO | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SVM.TO | FAIL (Net margin -2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXE.TO | PASS | 29.18 | — | — | — | — | — | Passed Stage 2 |
| CURA.TO | FAIL (Net margin -7.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RUS.TO | PASS | 12.01 | — | — | — | — | — | Passed Stage 2 |
| BDGI.TO | PASS | 19.54 | — | — | — | — | — | Passed Stage 2 |
| BYD.TO | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBUC.TO | FAIL (Net margin -3.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARE.TO | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HWX.TO | FAIL (Rev growth -17.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NFI.TO | FAIL (Net margin -3.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TKO.TO | FAIL (FCF <= 0 (-282147000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCA.TO | FAIL (ROE 9.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRU.TO | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALS.TO | PASS | 37.5 | — | — | — | — | — | Passed Stage 2 |
| TVK.TO | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BHC.TO | FAIL (Net margin -11.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPK.TO | PASS | 40.57 | — | — | — | — | — | Passed Stage 2 |
| GTWO.TO | FAIL (FCF <= 0 (-34420750)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWC.TO | PASS | 40.77 | — | — | — | — | — | Passed Stage 2 |
| ABRA.TO | FAIL (FCF <= 0 (-50752849)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SXGC.TO | FAIL (FCF <= 0 (-22910122)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RCH.TO | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WTE.TO | FAIL (Rev growth -20.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SDE.TO | FAIL (FCF <= 0 (-96468000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIA.TO | FAIL (FCF <= 0 (-42860000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SGD.TO | FAIL (FCF <= 0 (-38008604)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CIA.TO | PASS | 10.45 | — | — | — | — | — | Passed Stage 2 |
| PXT.TO | FAIL (Rev growth -17.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIS.TO | PASS | 31.9 | — | — | — | — | — | Passed Stage 2 |
| IE.TO | FAIL (FCF <= 0 (-93202999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TOY.TO | FAIL (Net margin -7.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTL.TO | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VET.TO | FAIL (Net margin -44.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |