Last run: 2026-08-26 | universe: 2630 | fundamentals_fetched: 2630 | stage2_passed: 75 | stage2_total: 2630 | stage3_passed: 47 | 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 | 100.0 | PASS | MEDIUM | PASS | 94.22 | 111.52:1 | Candidate |
| LLY | PASS | 42.29 | — | — | — | — | — | Passed Stage 2 |
| XOM | PASS | 11.61 | — | — | — | — | — | Passed Stage 2 |
| JNJ | PASS | 31.59 | — | — | — | — | — | Passed Stage 2 |
| ABBV | FAIL (P/E 74.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ORCL | FAIL (FCF <= 0 (-23686000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVX | PASS | 10.69 | — | — | — | — | — | Passed Stage 2 |
| KO | PASS | 28.58 | — | — | — | — | — | Passed Stage 2 |
| MRK | FAIL (P/E 124.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAT | PASS | 36.16 | — | — | — | — | — | Passed Stage 2 |
| GE | PASS | 48.23 | — | — | — | — | — | Passed Stage 2 |
| UNH | PASS | 10.59 | — | — | — | — | — | Passed Stage 2 |
| PG | PASS | 32.7 | — | — | — | — | — | Passed Stage 2 |
| HD | PASS | 27.5 | — | — | — | — | — | Passed Stage 2 |
| NVS | PASS | 44.05 | — | — | — | — | — | Passed Stage 2 |
| PM | FAIL (ROE -112.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DELL | FAIL (ROE -363.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BABA | FAIL (FCF <= 0 (-50724000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RTX | PASS | 28.73 | — | — | — | — | — | Passed Stage 2 |
| AZN | PASS | 28.72 | — | — | — | — | — | Passed Stage 2 |
| SHEL | PASS | 18.68 | — | — | — | — | — | Passed Stage 2 |
| SAP | PASS | 40.13 | — | — | — | — | — | Passed Stage 2 |
| BHP | PASS | 30.21 | — | — | — | — | — | Passed Stage 2 |
| GEV | PASS | 59.86 | — | — | — | — | — | Passed Stage 2 |
| ANET | FAIL (P/E 59.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMO | PASS | 10.61 | — | — | — | — | — | Passed Stage 2 |
| TM | PASS | 31.27 | — | — | — | — | — | Passed Stage 2 |
| IBM | PASS | 36.96 | — | — | — | — | — | Passed Stage 2 |
| NVO | PASS | 52.93 | — | — | — | — | — | Passed Stage 2 |
| VZ | PASS | 37.16 | — | — | — | — | — | Passed Stage 2 |
| ABT | PASS | 15.92 | — | — | — | — | — | Passed Stage 2 |
| TTE | PASS | 14.42 | — | — | — | — | — | Passed Stage 2 |
| APH | PASS | 62.18 | — | — | — | — | — | Passed Stage 2 |
| DIS | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCD | FAIL (ROE -561.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UNP | PASS | 30.81 | — | — | — | — | — | Passed Stage 2 |
| SCCO | PASS | 61.8 | — | — | — | — | — | Passed Stage 2 |
| T | PASS | 39.78 | — | — | — | — | — | Passed Stage 2 |
| NEE | PASS | 41.91 | — | — | — | — | — | Passed Stage 2 |
| RIO | PASS | 20.26 | — | — | — | — | — | Passed Stage 2 |
| DE | FAIL (Rev growth -11.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRM | PASS | 52.75 | — | — | — | — | — | Passed Stage 2 |
| BA | FAIL (FCF <= 0 (-1877000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UBER | PASS | 62.36 | — | — | — | — | — | Passed Stage 2 |
| PFE | FAIL (ROE 4.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| COP | PASS | 28.8 | — | — | — | — | — | Passed Stage 2 |
| TBB | PASS | 41.45 | — | — | — | — | — | Passed Stage 2 |
| ETN | PASS | 35.49 | — | — | — | — | — | Passed Stage 2 |
| BUD | PASS | 26.71 | — | — | — | — | — | Passed Stage 2 |
| TJX | PASS | 48.1 | — | — | — | — | — | Passed Stage 2 |
| DHR | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NEM | PASS | 66.44 | PASS | MEDIUM | FAIL | 36.13 | 0.93:1 | Rejected (Stage 4: Asymmetry 0.9:1 < 2:1 (price=135.14, low=46.36, med=218.10)) |
| SONY | FAIL (Net margin -1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UL | FAIL (Rev growth -16.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BMY | PASS | 38.7 | — | — | — | — | — | Passed Stage 2 |
| NOW | FAIL (P/E 78.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LMT | PASS | 32.14 | — | — | — | — | — | Passed Stage 2 |
| PH | PASS | 35.15 | — | — | — | — | — | Passed Stage 2 |
| GLW | FAIL (P/E 66.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SYK | PASS | 40.22 | — | — | — | — | — | Passed Stage 2 |
| BTI | PASS | 14.79 | — | — | — | — | — | Passed Stage 2 |
| LOW | FAIL (ROE -71.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVS | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MDT | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBR | PASS | 41.18 | — | — | — | — | — | Passed Stage 2 |
| FCX | PASS | 10.93 | — | — | — | — | — | Passed Stage 2 |
| ACN | PASS | 40.22 | — | — | — | — | — | Passed Stage 2 |
| MO | FAIL (ROE -265.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPOT | PASS | 58.82 | — | — | — | — | — | Passed Stage 2 |
| AEM | PASS | 67.83 | PASS | MEDIUM | FAIL | 82.53 | 0.01:1 | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=224.11, low=50.26, med=226.53)) |
| BP | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNOW | FAIL (Net margin -23.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENB | PASS | 12.99 | — | — | — | — | — | Passed Stage 2 |
| SOJE | FAIL (FCF <= 0 (-2935000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCK | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOMN | FAIL (FCF <= 0 (-2935000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HWM | FAIL (P/E 56.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GSK | PASS | 24.26 | — | — | — | — | — | Passed Stage 2 |
| MPC | PASS | 20.29 | — | — | — | — | — | Passed Stage 2 |
| SO | FAIL (FCF <= 0 (-2935000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBR-A | PASS | 43.27 | — | — | — | — | — | Passed Stage 2 |
| CNQ | PASS | 39.51 | — | — | — | — | — | Passed Stage 2 |
| GD | PASS | 22.89 | — | — | — | — | — | Passed Stage 2 |
| TT | PASS | 51.76 | — | — | — | — | — | Passed Stage 2 |
| NET | FAIL (Net margin -8.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EQNR | PASS | 19.92 | — | — | — | — | — | Passed Stage 2 |
| VRT | FAIL (P/E 56.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VLO | PASS | 19.89 | — | — | — | — | — | Passed Stage 2 |
| PSX | PASS | 10.34 | — | — | — | — | — | Passed Stage 2 |
| DUK | FAIL (FCF <= 0 (-1672000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HCA | FAIL (ROE -112.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MMM | PASS | 25.94 | — | — | — | — | — | Passed Stage 2 |
| PWR | FAIL (P/E 68.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| UPS | PASS | 16.54 | — | — | — | — | — | Passed Stage 2 |
| WM | PASS | 31.8 | — | — | — | — | — | Passed Stage 2 |
| WMB | PASS | 17.74 | — | — | — | — | — | Passed Stage 2 |
| EMR | PASS | 8.67 | — | — | — | — | — | Passed Stage 2 |
| ELV | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JCI | PASS | 12.33 | — | — | — | — | — | Passed Stage 2 |
| SHW | PASS | 44.75 | — | — | — | — | — | Passed Stage 2 |
| CVNA | PASS | 46.34 | — | — | — | — | — | Passed Stage 2 |
| CP | FAIL (ROE 8.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EPD | PASS | 9.25 | — | — | — | — | — | Passed Stage 2 |
| B | PASS | 67.26 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| NGG | FAIL (FCF <= 0 (-3817082880)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASX | FAIL (FCF <= 0 (-20008978000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECL | PASS | 30.59 | — | — | — | — | — | Passed Stage 2 |
| ITW | PASS | 39.43 | — | — | — | — | — | Passed Stage 2 |
| MSI | PASS | 43.6 | — | — | — | — | — | Passed Stage 2 |
| SLB | PASS | 37.99 | — | — | — | — | — | Passed Stage 2 |
| CMI | PASS | 39.85 | — | — | — | — | — | Passed Stage 2 |
| FDX | PASS | 34.33 | — | — | — | — | — | Passed Stage 2 |
| NSC | PASS | 14.55 | — | — | — | — | — | Passed Stage 2 |
| RCL | PASS | 51.82 | — | — | — | — | — | Passed Stage 2 |
| E | PASS | 10.44 | — | — | — | — | — | Passed Stage 2 |
| EOG | PASS | 25.92 | — | — | — | — | — | Passed Stage 2 |
| GM | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SU | PASS | 24.46 | — | — | — | — | — | Passed Stage 2 |
| NOC | PASS | 43.03 | — | — | — | — | — | Passed Stage 2 |
| CNI | PASS | 21.17 | — | — | — | — | — | Passed Stage 2 |
| WPM | PASS | 65.46 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| TGT | PASS | 13.82 | — | — | — | — | — | Passed Stage 2 |
| RACE | PASS | 56.92 | — | — | — | — | — | Passed Stage 2 |
| HLT | FAIL (ROE -28.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BSX | PASS | 47.2 | — | — | — | — | — | Passed Stage 2 |
| SE | PASS | 52.09 | — | — | — | — | — | Passed Stage 2 |
| CI | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CL | PASS | 47.79 | — | — | — | — | — | Passed Stage 2 |
| ET | PASS | 5.68 | — | — | — | — | — | Passed Stage 2 |
| AMX | PASS | 51.1 | — | — | — | — | — | Passed Stage 2 |
| HPE | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KMI | PASS | 14.7 | — | — | — | — | — | Passed Stage 2 |
| RSG | PASS | 23.9 | — | — | — | — | — | Passed Stage 2 |
| APD | FAIL (FCF <= 0 (-3765800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TDG | FAIL (ROE -21.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| URI | PASS | 18.81 | — | — | — | — | — | Passed Stage 2 |
| VALE | FAIL (ROE 5.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRP | PASS | 11.39 | — | — | — | — | — | Passed Stage 2 |
| CRH | PASS | 29.54 | — | — | — | — | — | Passed Stage 2 |
| BE | FAIL (P/E 260.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| COR | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RELX | PASS | 36.67 | — | — | — | — | — | Passed Stage 2 |
| AU | PASS | 75.34 | PASS | MEDIUM | FAIL | 30.58 | 0.26:1 | Rejected (Stage 4: Asymmetry 0.3:1 < 2:1 (price=123.18, low=33.84, med=146.09)) |
| TRGP | PASS | 18.46 | — | — | — | — | — | Passed Stage 2 |
| GWW | PASS | 33.74 | — | — | — | — | — | Passed Stage 2 |
| MPLX | PASS | 37.61 | — | — | — | — | — | Passed Stage 2 |
| D | FAIL (FCF <= 0 (-7280000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LNG | PASS | 31.95 | — | — | — | — | — | Passed Stage 2 |
| NKE | PASS | 14.78 | — | — | — | — | — | Passed Stage 2 |
| TEL | PASS | 44.53 | — | — | — | — | — | Passed Stage 2 |
| TAK | FAIL (P/E 51.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| OXY | FAIL (Rev growth -20.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OKE | PASS | 29.08 | — | — | — | — | — | Passed Stage 2 |
| CVE | FAIL (Rev growth -14.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NUE | FAIL (FCF <= 0 (-188000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| COHR | FAIL (FCF <= 0 (-1030569000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MT | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOK | FAIL (P/E 70.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAH | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRMN | PASS | 53.36 | — | — | — | — | — | Passed Stage 2 |
| F | FAIL (Net margin -3.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTVA | FAIL (P/E 55.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AME | PASS | 35.17 | — | — | — | — | — | Passed Stage 2 |
| DAL | PASS | 41.47 | — | — | — | — | — | Passed Stage 2 |
| FIX | PASS | 62.67 | — | — | — | — | — | Passed Stage 2 |
| SRE | FAIL (FCF <= 0 (-6047000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CIEN | FAIL (P/E 125.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEYS | PASS | 31.22 | — | — | — | — | — | Passed Stage 2 |
| DEO | PASS | 11.41 | — | — | — | — | — | Passed Stage 2 |
| FNV | PASS | 64.65 | — | — | — | — | — | Passed Stage 2 |
| EW | FAIL (P/E 52.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BDX | FAIL (P/E 57.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DVN | PASS | 20.13 | — | — | — | — | — | Passed Stage 2 |
| WAB | PASS | 27.15 | — | — | — | — | — | Passed Stage 2 |
| ELC | FAIL (FCF <= 0 (-2790700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ETR | FAIL (FCF <= 0 (-2790700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AZO | FAIL (ROE -80.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XYZ | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCG | FAIL (FCF <= 0 (-3071000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HEI | FAIL (P/E 57.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| UMC | PASS | 77.99 | PASS | LOW | FAIL | 87.91 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=19.60, low=57.15, med=65.72)) |
| LHX | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INFY | PASS | 48.02 | — | — | — | — | — | Passed Stage 2 |
| CARR | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMG | PASS | 37.14 | — | — | — | — | — | Passed Stage 2 |
| ROK | PASS | 41.74 | — | — | — | — | — | Passed Stage 2 |
| VST | FAIL (Rev growth -12.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HUM | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCJ | FAIL (P/E 180.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABEV | PASS | 56.12 | — | — | — | — | — | Passed Stage 2 |
| FERG | FAIL (Rev growth -71.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HLN | FAIL (ROE 9.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TEVA | FAIL (P/E 59.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| STM | FAIL (FCF <= 0 (-52000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFI | PASS | 81.04 | PASS | MEDIUM | FAIL | 53.37 | 1.64:1 | Rejected (Stage 4: Asymmetry 1.6:1 < 2:1 (price=48.87, low=16.70, med=101.58)) |
| A | PASS | 27.11 | — | — | — | — | — | Passed Stage 2 |
| LYV | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WDS | FAIL (FCF <= 0 (-782000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| YUM | FAIL (ROE -30.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IQV | PASS | 21.1 | — | — | — | — | — | Passed Stage 2 |
| DHI | PASS | 43.46 | — | — | — | — | — | Passed Stage 2 |
| FMX | PASS | 16.54 | — | — | — | — | — | Passed Stage 2 |
| WCN | PASS | 13.25 | — | — | — | — | — | Passed Stage 2 |
| HMC | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIK | PASS | 61.72 | — | — | — | — | — | Passed Stage 2 |
| VEEV | PASS | 46.83 | — | — | — | — | — | Passed Stage 2 |
| SYY | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KGC | PASS | 77.54 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| ED | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADM | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HSY | PASS | 24.35 | — | — | — | — | — | Passed Stage 2 |
| EL | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KVUE | PASS | 10.06 | — | — | — | — | — | Passed Stage 2 |
| PEG | PASS | 9.01 | — | — | — | — | — | Passed Stage 2 |
| KR | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCL | PASS | 43.73 | — | — | — | — | — | Passed Stage 2 |
| ALC | FAIL (P/E 56.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VMC | PASS | 36.58 | — | — | — | — | — | Passed Stage 2 |
| CLS | PASS | 59.79 | — | — | — | — | — | Passed Stage 2 |
| NTR | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPLC | FAIL (FCF <= 0 (-1401000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UI | PASS | 61.18 | — | — | — | — | — | Passed Stage 2 |
| WEC | FAIL (FCF <= 0 (-1018700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TECK | FAIL (FCF <= 0 (-1017170398)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EC | FAIL (Rev growth -16.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VG | FAIL (FCF <= 0 (-6799000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RMD | PASS | 57.49 | — | — | — | — | — | Passed Stage 2 |
| P | FAIL (P/E 151.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TWLO | PASS | 44.38 | — | — | — | — | — | Passed Stage 2 |
| EQT | PASS | 61.52 | — | — | — | — | — | Passed Stage 2 |
| CHT | PASS | 46.8 | — | — | — | — | — | Passed Stage 2 |
| CQP | PASS | 40.59 | — | — | — | — | — | Passed Stage 2 |
| EME | PASS | 57.63 | — | — | — | — | — | Passed Stage 2 |
| ZTS | PASS | 54.59 | — | — | — | — | — | Passed Stage 2 |
| JBL | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNC | FAIL (Net margin -2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MLM | PASS | 44.79 | — | — | — | — | — | Passed Stage 2 |
| RDDT | PASS | 65.23 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| JBS | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUNB | PASS | 42.85 | — | — | — | — | — | Passed Stage 2 |
| WAT | FAIL (P/E 103.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| IR | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LVS | PASS | 30.86 | — | — | — | — | — | Passed Stage 2 |
| CPNG | FAIL (Net margin -2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AEE | FAIL (FCF <= 0 (-821000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTI | PASS | 55.38 | — | — | — | — | — | Passed Stage 2 |
| ATI | FAIL (P/E 61.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TS | PASS | 45.65 | — | — | — | — | — | Passed Stage 2 |
| TDY | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EIX | FAIL (FCF <= 0 (-715000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DTW | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTD | FAIL (ROE -1199.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DTE | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QSR | PASS | 26.99 | — | — | — | — | — | Passed Stage 2 |
| HAL | PASS | 24.71 | — | — | — | — | — | Passed Stage 2 |
| FTS | FAIL (FCF <= 0 (-2172000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATO | FAIL (FCF <= 0 (-1511943000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBA | PASS | 23.85 | — | — | — | — | — | Passed Stage 2 |
| RBLX | FAIL (Net margin -17.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LH | PASS | 6.48 | — | — | — | — | — | Passed Stage 2 |
| WSM | PASS | 43.91 | — | — | — | — | — | Passed Stage 2 |
| AWK | FAIL (FCF <= 0 (-1067000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOV | PASS | 37.0 | — | — | — | — | — | Passed Stage 2 |
| OTIS | FAIL (ROE -27.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DG | PASS | 38.77 | — | — | — | — | — | Passed Stage 2 |
| HPQ | FAIL (ROE -473.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DGX | PASS | 16.95 | — | — | — | — | — | Passed Stage 2 |
| FE | FAIL (FCF <= 0 (-1005000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPAY | PASS | 58.64 | — | — | — | — | — | Passed Stage 2 |
| PHG | PASS | 4.81 | — | — | — | — | — | Passed Stage 2 |
| ES | FAIL (FCF <= 0 (-45097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| Q | FAIL (ROE 7.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XYL | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL | FAIL (FCF <= 0 (-1401000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TPR | PASS | 63.45 | — | — | — | — | — | Passed Stage 2 |
| SN | PASS | 49.17 | — | — | — | — | — | Passed Stage 2 |
| SW | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TPL | PASS | 47.19 | — | — | — | — | — | Passed Stage 2 |
| CNP | FAIL (FCF <= 0 (-2384000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPG | PASS | 38.93 | — | — | — | — | — | Passed Stage 2 |
| DRI | PASS | 33.0 | — | — | — | — | — | Passed Stage 2 |
| PHM | PASS | 45.57 | — | — | — | — | — | Passed Stage 2 |
| EXPD | PASS | 28.46 | — | — | — | — | — | Passed Stage 2 |
| FICO | FAIL (ROE -33.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KOF | PASS | 37.3 | — | — | — | — | — | Passed Stage 2 |
| WST | PASS | 24.52 | — | — | — | — | — | Passed Stage 2 |
| HUBB | PASS | 40.0 | — | — | — | — | — | Passed Stage 2 |
| NVT | PASS | 24.58 | — | — | — | — | — | Passed Stage 2 |
| AMRZ | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHD | PASS | 30.43 | — | — | — | — | — | Passed Stage 2 |
| OMC | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IHG | FAIL (ROE -25.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRS | PASS | 48.9 | — | — | — | — | — | Passed Stage 2 |
| VLTO | PASS | 37.27 | — | — | — | — | — | Passed Stage 2 |
| USFD | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NRG | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AER | FAIL (FCF <= 0 (-681174000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STZ | FAIL (Rev growth -10.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STE | PASS | 41.27 | — | — | — | — | — | Passed Stage 2 |
| PAAS | PASS | 64.28 | — | — | — | — | — | Passed Stage 2 |
| SQM | PASS | 42.42 | — | — | — | — | — | Passed Stage 2 |
| IOT | FAIL (P/E 383.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| EFX | PASS | 38.33 | — | — | — | — | — | Passed Stage 2 |
| CW | PASS | 44.41 | — | — | — | — | — | Passed Stage 2 |
| XPO | FAIL (P/E 56.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| IFF | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDE | PASS | 33.58 | — | — | — | — | — | Passed Stage 2 |
| TCPA | FAIL (FCF <= 0 (-159629844)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RL | PASS | 54.95 | — | — | — | — | — | Passed Stage 2 |
| CMSA | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCE | PASS | 49.36 | — | — | — | — | — | Passed Stage 2 |
| PKG | PASS | 15.53 | — | — | — | — | — | Passed Stage 2 |
| THC | PASS | 60.3 | — | — | — | — | — | Passed Stage 2 |
| AMCR | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOW | FAIL (FCF <= 0 (-1447000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LEN | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IP | FAIL (FCF <= 0 (-159000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMS | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BG | FAIL (FCF <= 0 (-879000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BR | PASS | 48.1 | — | — | — | — | — | Passed Stage 2 |
| TOST | PASS | 51.19 | — | — | — | — | — | Passed Stage 2 |
| GIS | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIS | PASS | 38.75 | — | — | — | — | — | Passed Stage 2 |
| SOJD | FAIL (FCF <= 0 (-3590000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNA | PASS | 40.55 | — | — | — | — | — | Passed Stage 2 |
| TSN | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LYB | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNX | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOJC | FAIL (FCF <= 0 (-3590000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LUV | FAIL (FCF <= 0 (-831000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BURL | PASS | 15.57 | — | — | — | — | — | Passed Stage 2 |
| MTZ | PASS | 22.95 | — | — | — | — | — | Passed Stage 2 |
| WES | PASS | 39.73 | — | — | — | — | — | Passed Stage 2 |
| RCI | PASS | 55.76 | — | — | — | — | — | Passed Stage 2 |
| U | FAIL (Net margin -28.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YPF | FAIL (FCF <= 0 (-171218000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RS | PASS | 7.46 | — | — | — | — | — | Passed Stage 2 |
| CF | PASS | 48.06 | — | — | — | — | — | Passed Stage 2 |
| PR | PASS | 16.79 | — | — | — | — | — | Passed Stage 2 |
| NI | FAIL (FCF <= 0 (-420000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZBH | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FDXF | FAIL (FCF <= 0 (-212000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AQNB | FAIL (FCF <= 0 (-178300000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBRK | FAIL (Net margin -20.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPC | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIV | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WIT | PASS | 47.78 | — | — | — | — | — | Passed Stage 2 |
| ITT | PASS | 39.71 | — | — | — | — | — | Passed Stage 2 |
| DD | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AS | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGA | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBY | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PKX | FAIL (FCF <= 0 (-1669270000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTV | FAIL (Rev growth -17.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIP | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| J | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OVV | FAIL (ROE 8.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLUT | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JHX | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROL | PASS | 43.07 | — | — | — | — | — | Passed Stage 2 |
| APG | FAIL (P/E negative or zero (-60.3)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DUKB | FAIL (FCF <= 0 (-1694000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVR | PASS | 27.7 | — | — | — | — | — | Passed Stage 2 |
| BALL | PASS | 12.44 | — | — | — | — | — | Passed Stage 2 |
| IEX | PASS | 23.43 | — | — | — | — | — | Passed Stage 2 |
| YUMC | PASS | 23.1 | — | — | — | — | — | Passed Stage 2 |
| ZTO | PASS | 58.53 | — | — | — | — | — | Passed Stage 2 |
| LDOS | PASS | 46.2 | — | — | — | — | — | Passed Stage 2 |
| H | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DINO | PASS | 14.64 | — | — | — | — | — | Passed Stage 2 |
| CCZ | PASS | 49.25 | — | — | — | — | — | Passed Stage 2 |
| WCC | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PFGC | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SBS | PASS | 63.74 | — | — | — | — | — | Passed Stage 2 |
| AGI | PASS | 67.08 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| CLH | PASS | 22.91 | — | — | — | — | — | Passed Stage 2 |
| CX | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GIB | PASS | 37.2 | — | — | — | — | — | Passed Stage 2 |
| SOLV | FAIL (FCF <= 0 (-10000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBA | FAIL (ROE 8.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LTM | PASS | 40.0 | — | — | — | — | — | Passed Stage 2 |
| ALB | FAIL (P/E 277.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| IONQ | FAIL (FCF <= 0 (-299604000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RBC | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GWRE | FAIL (P/E 99.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARMK | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FN | PASS | 51.87 | — | — | — | — | — | Passed Stage 2 |
| EMA | FAIL (FCF <= 0 (-1728590165)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TU | FAIL (Net margin -4.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STLA | FAIL (FCF <= 0 (-16198841920)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKM | FAIL (ROE 5.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEP | PASS | 54.75 | — | — | — | — | — | Passed Stage 2 |
| PINS | FAIL (P/E 67.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TLK | PASS | 40.01 | — | — | — | — | — | Passed Stage 2 |
| ULS | PASS | 49.91 | — | — | — | — | — | Passed Stage 2 |
| SWK | FAIL (ROE 6.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MKC-V | PASS | 41.7 | — | — | — | — | — | Passed Stage 2 |
| CSL | PASS | 38.12 | — | — | — | — | — | Passed Stage 2 |
| MKC | PASS | 41.74 | — | — | — | — | — | Passed Stage 2 |
| DT | FAIL (P/E 98.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ONTO | FAIL (P/E 108.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TKO | FAIL (P/E 64.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAG | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAS | FAIL (ROE -406.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| QXO | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRL | FAIL (Net margin -6.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TYL | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HMY | PASS | 84.25 | PASS | LOW | FAIL | 163.51 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=22.94, low=68.43, med=78.69)) |
| CNH | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| W | FAIL (Net margin -2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFL | FAIL (Net margin -3.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TOL | PASS | 24.63 | — | — | — | — | — | Passed Stage 2 |
| TXT | PASS | 14.4 | — | — | — | — | — | Passed Stage 2 |
| HL | PASS | 52.35 | — | — | — | — | — | Passed Stage 2 |
| MAIR | FAIL (P/E 128.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RVTY | FAIL (P/E 59.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVY | PASS | 23.07 | — | — | — | — | — | Passed Stage 2 |
| BWXT | PASS | 44.45 | — | — | — | — | — | Passed Stage 2 |
| EMBJ | PASS | 53.53 | — | — | — | — | — | Passed Stage 2 |
| HBM | PASS | 29.83 | — | — | — | — | — | Passed Stage 2 |
| RPM | PASS | 38.9 | — | — | — | — | — | Passed Stage 2 |
| ALLE | PASS | 44.11 | — | — | — | — | — | Passed Stage 2 |
| MLI | PASS | 34.04 | — | — | — | — | — | Passed Stage 2 |
| BAX | FAIL (Net margin -9.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UHAL | FAIL (FCF <= 0 (-1359741000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AA | PASS | 17.66 | — | — | — | — | — | Passed Stage 2 |
| SREA | FAIL (FCF <= 0 (-6047000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CACI | PASS | 34.01 | — | — | — | — | — | Passed Stage 2 |
| SGI | PASS | 41.98 | — | — | — | — | — | Passed Stage 2 |
| LII | PASS | 52.45 | — | — | — | — | — | Passed Stage 2 |
| TME | PASS | 63.78 | — | — | — | — | — | Passed Stage 2 |
| SJM | FAIL (Net margin -1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BWA | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIPI | FAIL (P/E negative or zero (0.0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIG | FAIL (Net margin -123.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GDDY | PASS | 58.47 | — | — | — | — | — | Passed Stage 2 |
| DOCN | PASS | 32.79 | — | — | — | — | — | Passed Stage 2 |
| BF-B | PASS | 41.99 | — | — | — | — | — | Passed Stage 2 |
| IT | PASS | 41.41 | — | — | — | — | — | Passed Stage 2 |
| CCK | PASS | 38.82 | — | — | — | — | — | Passed Stage 2 |
| HRL | FAIL (ROE 5.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DTM | FAIL (ROE 9.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IAG | PASS | 47.31 | — | — | — | — | — | Passed Stage 2 |
| PEN | FAIL (P/E 79.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GGG | PASS | 53.07 | — | — | — | — | — | Passed Stage 2 |
| CLX | FAIL (ROE -1893.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FMS | FAIL (ROE 7.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EGO | FAIL (FCF <= 0 (-195406848)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELAN | FAIL (Net margin -4.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WSO | PASS | 18.52 | — | — | — | — | — | Passed Stage 2 |
| MICC | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WTS | PASS | 40.17 | — | — | — | — | — | Passed Stage 2 |
| AIT | PASS | 32.66 | — | — | — | — | — | Passed Stage 2 |
| SNN | PASS | 40.72 | — | — | — | — | — | Passed Stage 2 |
| HUBS | FAIL (P/E 84.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DECK | PASS | 68.41 | PASS | LOW | FAIL | 17.78 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=88.74, low=129.39, med=147.92)) |
| BJ | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RTO | FAIL (ROE 5.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MOG-A | PASS | 10.97 | — | — | — | — | — | Passed Stage 2 |
| EHC | PASS | 44.69 | — | — | — | — | — | Passed Stage 2 |
| CR | PASS | 40.37 | — | — | — | — | — | Passed Stage 2 |
| GNRC | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PNW | FAIL (FCF <= 0 (-819523000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OC | FAIL (Net margin -6.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AR | PASS | 28.19 | — | — | — | — | — | Passed Stage 2 |
| WTRG | FAIL (FCF <= 0 (-419521000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SCI | PASS | 31.12 | — | — | — | — | — | Passed Stage 2 |
| HII | PASS | 37.33 | — | — | — | — | — | Passed Stage 2 |
| DVA | FAIL (ROE -123.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GMED | PASS | 49.94 | — | — | — | — | — | Passed Stage 2 |
| SUZ | PASS | 37.51 | — | — | — | — | — | Passed Stage 2 |
| KNX | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NYT | PASS | 49.38 | — | — | — | — | — | Passed Stage 2 |
| NIO | FAIL (FCF <= 0 (-3072614000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFII | PASS | 40.51 | — | — | — | — | — | Passed Stage 2 |
| XPEV | FAIL (Net margin -4.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALSN | PASS | 33.86 | — | — | — | — | — | Passed Stage 2 |
| MGM | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAC | PASS | 72.39 | PASS | LOW | FAIL | 25.58 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=209.72, low=616.23, med=708.66)) |
| WMS | PASS | 25.05 | — | — | — | — | — | Passed Stage 2 |
| TX | FAIL (FCF <= 0 (-187229000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DCI | PASS | 23.25 | — | — | — | — | — | Passed Stage 2 |
| RRX | FAIL (ROE 4.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MP | FAIL (FCF <= 0 (-328130000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GKOS | FAIL (FCF <= 0 (-54006000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EAT | PASS | 52.87 | — | — | — | — | — | Passed Stage 2 |
| UHS | PASS | 47.45 | — | — | — | — | — | Passed Stage 2 |
| DKS | PASS | 12.16 | — | — | — | — | — | Passed Stage 2 |
| DY | PASS | 38.53 | — | — | — | — | — | Passed Stage 2 |
| BIO | FAIL (ROE 3.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AES | FAIL (FCF <= 0 (-1623000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AG | PASS | 53.95 | — | — | — | — | — | Passed Stage 2 |
| PAYC | PASS | 56.08 | — | — | — | — | — | Passed Stage 2 |
| MOH | FAIL (FCF <= 0 (-636000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AM | PASS | 51.37 | — | — | — | — | — | Passed Stage 2 |
| ARW | FAIL (FCF <= 0 (-37205000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLS | PASS | 36.32 | — | — | — | — | — | Passed Stage 2 |
| RDY | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHWY | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUN | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AYI | PASS | 44.07 | — | — | — | — | — | Passed Stage 2 |
| BEPI | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEPH | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPXC | PASS | 17.86 | — | — | — | — | — | Passed Stage 2 |
| MUSA | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEP | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNAP | FAIL (Net margin -4.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MOD | FAIL (P/E 70.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PNR | PASS | 46.12 | — | — | — | — | — | Passed Stage 2 |
| PSO | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LTH | FAIL (FCF <= 0 (-20958000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DDS | PASS | 28.55 | — | — | — | — | — | Passed Stage 2 |
| DAR | PASS | 26.15 | — | — | — | — | — | Passed Stage 2 |
| APTV | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSGS | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVTR | FAIL (Net margin -8.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRO | PASS | 35.22 | — | — | — | — | — | Passed Stage 2 |
| ONON | PASS | 52.81 | — | — | — | — | — | Passed Stage 2 |
| OSK | PASS | 12.93 | — | — | — | — | — | Passed Stage 2 |
| WLK | FAIL (FCF <= 0 (-530000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RRC | PASS | 34.12 | — | — | — | — | — | Passed Stage 2 |
| OGE | FAIL (ROE 9.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTC | PASS | 31.94 | — | — | — | — | — | Passed Stage 2 |
| R | PASS | 8.04 | — | — | — | — | — | Passed Stage 2 |
| KT | FAIL (ROE 7.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YMM | FAIL (P/E 101.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCOR | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VMI | PASS | 30.44 | — | — | — | — | — | Passed Stage 2 |
| BVN | PASS | 41.43 | — | — | — | — | — | Passed Stage 2 |
| KMX | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALV | PASS | 48.46 | — | — | — | — | — | Passed Stage 2 |
| EDU | PASS | 38.35 | — | — | — | — | — | Passed Stage 2 |
| QGEN | PASS | 17.86 | — | — | — | — | — | Passed Stage 2 |
| BAH | PASS | 40.37 | — | — | — | — | — | Passed Stage 2 |
| SBSW | FAIL (Net margin -4.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PATH | PASS | 35.85 | — | — | — | — | — | Passed Stage 2 |
| BROS | FAIL (P/E 70.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CIG-C | PASS | 36.13 | — | — | — | — | — | Passed Stage 2 |
| TIMB | PASS | 60.08 | — | — | — | — | — | Passed Stage 2 |
| ESI | FAIL (ROE 6.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GGB | FAIL (ROE 4.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AOS | PASS | 44.22 | — | — | — | — | — | Passed Stage 2 |
| ATR | PASS | 32.07 | — | — | — | — | — | Passed Stage 2 |
| NEU | PASS | 47.88 | — | — | — | — | — | Passed Stage 2 |
| SM | PASS | 26.61 | — | — | — | — | — | Passed Stage 2 |
| TKR | FAIL (ROE 8.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRMB | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STN | PASS | 43.93 | — | — | — | — | — | Passed Stage 2 |
| FPS | FAIL (FCF <= 0 (-39093000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ESTC | PASS | 63.29 | — | — | — | — | — | Passed Stage 2 |
| GIL | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SARO | PASS | 7.26 | — | — | — | — | — | Passed Stage 2 |
| LEVI | PASS | 17.46 | — | — | — | — | — | Passed Stage 2 |
| CNM | PASS | 33.3 | — | — | — | — | — | Passed Stage 2 |
| EMN | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UGI | PASS | 9.35 | — | — | — | — | — | Passed Stage 2 |
| LAD | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MHK | FAIL (ROE 5.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GME | PASS | 23.88 | — | — | — | — | — | Passed Stage 2 |
| ZWS | PASS | 45.5 | — | — | — | — | — | Passed Stage 2 |
| HESM | PASS | 43.67 | — | — | — | — | — | Passed Stage 2 |
| CAVA | FAIL (P/E 121.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACM | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OSCR | PASS | 47.5 | — | — | — | — | — | Passed Stage 2 |
| ETSY | FAIL (ROE -17.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IDA | FAIL (FCF <= 0 (-577489000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NCLH | FAIL (FCF <= 0 (-1169860000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASR | PASS | 56.98 | — | — | — | — | — | Passed Stage 2 |
| PBF | FAIL (FCF <= 0 (-783200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TAP | FAIL (Net margin -20.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NFG | PASS | 48.3 | — | — | — | — | — | Passed Stage 2 |
| AXTA | PASS | 35.32 | — | — | — | — | — | Passed Stage 2 |
| CAG | FAIL (Net margin -17.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AGCO | FAIL (Rev growth -13.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MOS | FAIL (FCF <= 0 (-534600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OKLO | FAIL (FCF <= 0 (-115379000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOBO | FAIL (Rev growth -24.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSD | PASS | 20.87 | — | — | — | — | — | Passed Stage 2 |
| LW | PASS | 10.11 | — | — | — | — | — | Passed Stage 2 |
| AWI | PASS | 56.49 | — | — | — | — | — | Passed Stage 2 |
| BLDR | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TEX | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXE | FAIL (FCF <= 0 (-77688636)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMC | PASS | 20.92 | — | — | — | — | — | Passed Stage 2 |
| TFPM | PASS | 37.62 | — | — | — | — | — | Passed Stage 2 |
| FSS | PASS | 45.88 | — | — | — | — | — | Passed Stage 2 |
| KEX | PASS | 38.0 | — | — | — | — | — | Passed Stage 2 |
| NE | FAIL (ROE 3.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSL | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OR | PASS | 56.08 | — | — | — | — | — | Passed Stage 2 |
| ICL | FAIL (ROE 5.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GAP | PASS | 26.06 | — | — | — | — | — | Passed Stage 2 |
| MSA | PASS | 23.63 | — | — | — | — | — | Passed Stage 2 |
| PL | FAIL (Net margin -111.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ESE | PASS | 53.13 | — | — | — | — | — | Passed Stage 2 |
| UGP | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLR | FAIL (FCF <= 0 (-437000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACA | PASS | 25.32 | — | — | — | — | — | Passed Stage 2 |
| VIST | FAIL (FCF <= 0 (-821617790)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHE | PASS | 34.92 | — | — | — | — | — | Passed Stage 2 |
| NOV | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JOBY | FAIL (FCF <= 0 (-563811000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SGHC | PASS | 56.85 | — | — | — | — | — | Passed Stage 2 |
| ENS | PASS | 43.87 | — | — | — | — | — | Passed Stage 2 |
| HIMS | FAIL (Net margin -5.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HXL | PASS | 30.7 | — | — | — | — | — | Passed Stage 2 |
| TAL | PASS | 68.99 | PASS | LOW | FAIL | 69.31 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=11.59, low=26.12, med=34.44)) |
| ZETA | FAIL (Net margin -0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIPS | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OGC | PASS | 46.63 | — | — | — | — | — | Passed Stage 2 |
| PACS | PASS | 21.6 | — | — | — | — | — | Passed Stage 2 |
| HNGE | FAIL (P/E 66.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSXY | PASS | 18.34 | — | — | — | — | — | Passed Stage 2 |
| MTDR | PASS | 14.95 | — | — | — | — | — | Passed Stage 2 |
| LOAR | FAIL (P/E 101.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| S | FAIL (Net margin -30.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RAL | FAIL (Net margin -56.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WEX | PASS | 28.76 | — | — | — | — | — | Passed Stage 2 |
| MATX | PASS | 15.17 | — | — | — | — | — | Passed Stage 2 |
| HRB | FAIL (ROE -229.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INGM | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CWEN | FAIL (ROE 2.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IBP | PASS | 33.97 | — | — | — | — | — | Passed Stage 2 |
| INGR | PASS | 17.34 | — | — | — | — | — | Passed Stage 2 |
| LB | PASS | 44.81 | — | — | — | — | — | Passed Stage 2 |
| MSM | PASS | 10.37 | — | — | — | — | — | Passed Stage 2 |
| GTES | PASS | 36.24 | — | — | — | — | — | Passed Stage 2 |
| AN | FAIL (FCF <= 0 (-197500000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLF | FAIL (FCF <= 0 (-1023000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMSC | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ORA | FAIL (FCF <= 0 (-284675000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KRMN | FAIL (FCF <= 0 (-42455000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMSD | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIRK | PASS | 37.6 | — | — | — | — | — | Passed Stage 2 |
| RSI | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SWX | FAIL (FCF <= 0 (-251790000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DPC | FAIL (Net margin -35.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NPO | FAIL (P/E 145.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GATX | FAIL (FCF <= 0 (-683600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXNM | FAIL (FCF <= 0 (-611433000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENIC | PASS | 48.82 | — | — | — | — | — | Passed Stage 2 |
| AGX | PASS | 61.26 | — | — | — | — | — | Passed Stage 2 |
| G | PASS | 51.55 | — | — | — | — | — | Passed Stage 2 |
| DLB | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGY | PASS | 29.43 | — | — | — | — | — | Passed Stage 2 |
| ELF | FAIL (P/E 105.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AGRO | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFX | FAIL (Net margin -39.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STVN | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LEA | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLCO | FAIL (FCF <= 0 (-66000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JBTM | FAIL (ROE 4.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ST | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXP | PASS | 18.92 | — | — | — | — | — | Passed Stage 2 |
| SNDR | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LUMN | FAIL (Net margin -8.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECG | PASS | 31.41 | — | — | — | — | — | Passed Stage 2 |
| ACI | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MBGL | FAIL (P/E 65.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KGS | FAIL (P/E 67.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADT | PASS | 46.2 | — | — | — | — | — | Passed Stage 2 |
| M | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VAL | PASS | 37.32 | — | — | — | — | — | Passed Stage 2 |
| TBBB | FAIL (Net margin -3.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BYD | PASS | 43.77 | — | — | — | — | — | Passed Stage 2 |
| ANDG | FAIL (ROE -15.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RIG | FAIL (Net margin -40.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EPAM | PASS | 43.03 | — | — | — | — | — | Passed Stage 2 |
| SXT | PASS | 4.93 | — | — | — | — | — | Passed Stage 2 |
| TEO | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBUC | FAIL (FCF <= 0 (-314000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FND | FAIL (ROE 9.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CIG | PASS | 36.13 | — | — | — | — | — | Passed Stage 2 |
| POR | FAIL (FCF <= 0 (-71000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPP | FAIL (Net margin -1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPHR | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SON | PASS | 44.23 | — | — | — | — | — | Passed Stage 2 |
| NIQ | FAIL (Net margin -8.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RNG | FAIL (P/E 50.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WH | PASS | 23.6 | — | — | — | — | — | Passed Stage 2 |
| HCC | FAIL (FCF <= 0 (-91015000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKH | FAIL (FCF <= 0 (-146400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPA | PASS | 46.86 | — | — | — | — | — | Passed Stage 2 |
| GXO | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FBIN | FAIL (ROE 6.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VFC | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NJR | FAIL (FCF <= 0 (-239729000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AIR | PASS | 8.68 | — | — | — | — | — | Passed Stage 2 |
| AROC | PASS | 49.74 | — | — | — | — | — | Passed Stage 2 |
| GVA | FAIL (Net margin -3.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNX | PASS | 71.89 | PASS | MEDIUM | PASS | 73.41 | 3.44:1 | Candidate |
| CMBT | FAIL (FCF <= 0 (-628341826)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTN | PASS | 21.53 | — | — | — | — | — | Passed Stage 2 |
| KVYO | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSW | PASS | 18.92 | — | — | — | — | — | Passed Stage 2 |
| WFG | FAIL (FCF <= 0 (-315000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UNF | FAIL (ROE 5.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BC | FAIL (Net margin -1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HRI | FAIL (FCF <= 0 (-135000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JMKE | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSN | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRM | FAIL (Net margin -44.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GHC | PASS | 30.14 | — | — | — | — | — | Passed Stage 2 |
| LPX | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GOLF | PASS | 11.62 | — | — | — | — | — | Passed Stage 2 |
| OGS | FAIL (FCF <= 0 (-128393000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKY | PASS | 16.91 | — | — | — | — | — | Passed Stage 2 |
| CHH | PASS | 22.31 | — | — | — | — | — | Passed Stage 2 |
| OII | PASS | 53.26 | — | — | — | — | — | Passed Stage 2 |
| MUR | FAIL (Rev growth -10.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GBTG | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMTM | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAY | FAIL (P/E 58.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEPC | FAIL (FCF <= 0 (-633000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAE | FAIL (P/E 52.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SR | FAIL (FCF <= 0 (-344400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BETA | FAIL (FCF <= 0 (-313245000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| INSW | FAIL (Rev growth -11.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTH | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ESAB | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNR | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CE | FAIL (Net margin -12.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIPC | FAIL (Net margin -9.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TREX | PASS | 15.12 | — | — | — | — | — | Passed Stage 2 |
| BLSH | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTRN | FAIL (P/E 53.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BOOT | PASS | 17.14 | — | — | — | — | — | Passed Stage 2 |
| ALK | FAIL (FCF <= 0 (-339000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANF | PASS | 32.81 | — | — | — | — | — | Passed Stage 2 |
| MDA | FAIL (P/E 50.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BILL | FAIL (Net margin -0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KBR | PASS | 35.66 | — | — | — | — | — | Passed Stage 2 |
| ALH | PASS | 44.22 | — | — | — | — | — | Passed Stage 2 |
| CGAU | PASS | 37.06 | — | — | — | — | — | Passed Stage 2 |
| TKC | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VNT | PASS | 43.23 | — | — | — | — | — | Passed Stage 2 |
| WHD | FAIL (P/E 56.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFF | PASS | 47.02 | — | — | — | — | — | Passed Stage 2 |
| CVSA | PASS | 50.71 | — | — | — | — | — | Passed Stage 2 |
| DOCS | PASS | 51.66 | — | — | — | — | — | Passed Stage 2 |
| TPC | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RHI | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TDW | PASS | 51.65 | — | — | — | — | — | Passed Stage 2 |
| CRC | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EE | FAIL (ROE 6.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCO | PASS | 41.14 | — | — | — | — | — | Passed Stage 2 |
| BDC | PASS | 24.55 | — | — | — | — | — | Passed Stage 2 |
| BB | FAIL (P/E 77.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BOX | PASS | 33.82 | — | — | — | — | — | Passed Stage 2 |
| ACHR | FAIL (FCF <= 0 (-511700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TNL | FAIL (ROE -24.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SLGN | PASS | 12.36 | — | — | — | — | — | Passed Stage 2 |
| NVST | FAIL (ROE 4.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| YOU | PASS | 67.38 | PASS | MEDIUM | PASS | 29.47 | 10.05:1 | Candidate |
| CON | PASS | 22.75 | — | — | — | — | — | Passed Stage 2 |
| CRGY | FAIL (FCF <= 0 (-89752000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AQN | FAIL (FCF <= 0 (-181421235)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSH | FAIL (FCF <= 0 (-88985000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KTB | PASS | 66.15 | PASS | LOW | FAIL | 125.16 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=80.01, low=146.77, med=222.23)) |
| BRC | PASS | 44.48 | — | — | — | — | — | Passed Stage 2 |
| ARIS | PASS | 28.87 | — | — | — | — | — | Passed Stage 2 |
| FOUR | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKE | FAIL (FCF <= 0 (-352914163)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAM | FAIL (FCF <= 0 (-283160740)) | — | — | — | — | — | — | Rejected (Stage 2) |
| REZI | FAIL (FCF <= 0 (-1253000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNK | PASS | 36.22 | — | — | — | — | — | Passed Stage 2 |
| CBT | PASS | 15.76 | — | — | — | — | — | Passed Stage 2 |
| GEO | FAIL (FCF <= 0 (-124901000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KFY | PASS | 29.91 | — | — | — | — | — | Passed Stage 2 |
| TGS | PASS | 42.64 | — | — | — | — | — | Passed Stage 2 |
| MANE | FAIL (FCF <= 0 (-71626000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITGR | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PHI | PASS | 61.52 | — | — | — | — | — | Passed Stage 2 |
| ERO | PASS | 36.31 | — | — | — | — | — | Passed Stage 2 |
| HP | FAIL (Net margin -3.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VVV | PASS | 11.04 | — | — | — | — | — | Passed Stage 2 |
| FCN | PASS | 12.28 | — | — | — | — | — | Passed Stage 2 |
| MDU | FAIL (FCF <= 0 (-318600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLNT | FAIL (ROE -53.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AZZ | PASS | 50.63 | — | — | — | — | — | Passed Stage 2 |
| CRK | FAIL (FCF <= 0 (-449673000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SITE | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DK | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| THO | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MANU | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAFN | FAIL (Rev growth -18.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVNT | FAIL (ROE 7.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRIM | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATMU | PASS | 35.05 | — | — | — | — | — | Passed Stage 2 |
| CAAP | PASS | 42.9 | — | — | — | — | — | Passed Stage 2 |
| WK | FAIL (P/E 89.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VAC | FAIL (FCF <= 0 (-29000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABG | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNTK | FAIL (ROE -36.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| QTWO | PASS | 47.42 | — | — | — | — | — | Passed Stage 2 |
| RCUS | FAIL (FCF <= 0 (-484000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BMI | PASS | 48.72 | — | — | — | — | — | Passed Stage 2 |
| GPGI | FAIL (FCF <= 0 (-23269000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEF | FAIL (FCF <= 0 (-85200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MWA | PASS | 23.92 | — | — | — | — | — | Passed Stage 2 |
| MHO | FAIL (ROE 10.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BFAM | PASS | 35.35 | — | — | — | — | — | Passed Stage 2 |
| USAC | PASS | 51.05 | — | — | — | — | — | Passed Stage 2 |
| STNG | FAIL (Rev growth -24.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSGE | FAIL (P/E 58.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVI | FAIL (FCF <= 0 (-41000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FSM | PASS | 59.68 | — | — | — | — | — | Passed Stage 2 |
| SA | FAIL (FCF <= 0 (-152306778)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BWLP | PASS | 25.83 | — | — | — | — | — | Passed Stage 2 |
| DAN | FAIL (Rev growth -27.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNF | FAIL (FCF <= 0 (-69566000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PARR | PASS | 29.98 | — | — | — | — | — | Passed Stage 2 |
| SXI | PASS | 15.92 | — | — | — | — | — | Passed Stage 2 |
| POST | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSTM | PASS | 27.92 | — | — | — | — | — | Passed Stage 2 |
| LEU | FAIL (P/E 77.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZGN | PASS | 35.37 | — | — | — | — | — | Passed Stage 2 |
| TAC | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMG | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LRN | PASS | 55.81 | — | — | — | — | — | Passed Stage 2 |
| OPLN | FAIL (P/E 100.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PII | FAIL (Net margin -3.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OGN | PASS | 31.5 | — | — | — | — | — | Passed Stage 2 |
| HNI | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TDS | FAIL (Rev growth -75.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MIR | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KAI | PASS | 34.41 | — | — | — | — | — | Passed Stage 2 |
| RXO | FAIL (FCF <= 0 (-8000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBWI | FAIL (ROE -52.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EROC | FAIL (Net margin -118.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AWR | FAIL (FCF <= 0 (-7092000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LION | FAIL (Net margin -4.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KBH | FAIL (Rev growth -10.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEN | FAIL (ROE 5.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTE | FAIL (Net margin -195.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PVH | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MNSO | PASS | 50.77 | — | — | — | — | — | Passed Stage 2 |
| NATL | PASS | 33.31 | — | — | — | — | — | Passed Stage 2 |
| ZIM | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LPL | FAIL (Net margin -5.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPK | FAIL (FCF <= 0 (-81000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASH | FAIL (FCF <= 0 (-4000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VGNT | PASS | 43.39 | — | — | — | — | — | Passed Stage 2 |
| BTU | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DTB | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIG | PASS | 29.5 | — | — | — | — | — | Passed Stage 2 |
| DTG | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXK | FAIL (FCF <= 0 (-116606134)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUNC | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEI | FAIL (FCF <= 0 (-437653000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPK | FAIL (FCF <= 0 (-214900000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| YETI | PASS | 51.28 | — | — | — | — | — | Passed Stage 2 |
| TNET | PASS | 28.56 | — | — | — | — | — | Passed Stage 2 |
| WRBY | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BSM | PASS | 39.99 | — | — | — | — | — | Passed Stage 2 |
| GRBK | PASS | 46.33 | — | — | — | — | — | Passed Stage 2 |
| AMBP | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVA | FAIL (FCF <= 0 (-101000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATKR | FAIL (Net margin -5.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPI | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSQR | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CWT | FAIL (FCF <= 0 (-214430000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UZF | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TNK | FAIL (Rev growth -22.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UZD | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TR | PASS | 35.72 | — | — | — | — | — | Passed Stage 2 |
| UZE | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GPOR | PASS | 49.93 | — | — | — | — | — | Passed Stage 2 |
| AD | FAIL (Rev growth -95.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DHT | FAIL (FCF <= 0 (-33292000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MMS | PASS | 40.79 | — | — | — | — | — | Passed Stage 2 |
| HAYW | PASS | 47.42 | — | — | — | — | — | Passed Stage 2 |
| FUL | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INFQ | FAIL (FCF <= 0 (-2272729)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAUC | FAIL (Net margin -4.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LBRT | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHAK | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IMAX | FAIL (P/E 71.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SDRL | FAIL (FCF <= 0 (-138000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CBZ | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMR | FAIL (FCF <= 0 (-460118000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKD | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HOG | FAIL (Rev growth -13.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAN | FAIL (FCF <= 0 (-161400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CXT | PASS | 13.6 | — | — | — | — | — | Passed Stage 2 |
| UNFI | FAIL (Net margin -0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DNOW | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOG | FAIL (Net margin -21.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KN | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KD | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DKL | FAIL (FCF <= 0 (-30644000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCC | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KWR | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTAM | PASS | 42.12 | — | — | — | — | — | Passed Stage 2 |
| WLY | PASS | 24.6 | — | — | — | — | — | Passed Stage 2 |
| IHS | FAIL (ROE -74.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WOR | PASS | 19.97 | — | — | — | — | — | Passed Stage 2 |
| AEO | PASS | 22.53 | — | — | — | — | — | Passed Stage 2 |
| GRND | PASS | 63.32 | — | — | — | — | — | Passed Stage 2 |
| CALY | FAIL (Rev growth -51.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DAC | PASS | 38.8 | — | — | — | — | — | Passed Stage 2 |
| CSAN | FAIL (Net margin -22.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EROK | FAIL (Net margin -6.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TALO | FAIL (Net margin -20.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RDW | FAIL (FCF <= 0 (-190810000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMR | FAIL (Net margin -2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WLYB | PASS | 27.4 | — | — | — | — | — | Passed Stage 2 |
| DCO | FAIL (FCF <= 0 (-48643000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABM | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DRD | PASS | 71.56 | PASS | LOW | FAIL | — | — | Rejected (Stage 4: Negative Delivery Gap: -14.1pp (hist=-44.1%, implied=-30.0%)) |
| SSMR | FAIL (FCF <= 0 (-34874606)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIND | FAIL (FCF <= 0 (-13447736)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RH | PASS | 25.49 | — | — | — | — | — | Passed Stage 2 |
| WHR | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAP | FAIL (FCF <= 0 (-298000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKV | FAIL (FCF <= 0 (-57458000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAGS | PASS | 29.93 | — | — | — | — | — | Passed Stage 2 |
| PHIN | FAIL (ROE 8.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NMM | FAIL (FCF <= 0 (-35989000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BHE | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TDC | PASS | 44.95 | — | — | — | — | — | Passed Stage 2 |
| SEAL-PB | FAIL (Rev growth -10.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAH | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LCII | PASS | 20.4 | — | — | — | — | — | Passed Stage 2 |
| TRTN-PC | FAIL (FCF <= 0 (-58202000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BHC | FAIL (Net margin -10.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDLR | FAIL (FCF <= 0 (-862504680)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CALX | FAIL (P/E 50.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MH | PASS | 10.54 | — | — | — | — | — | Passed Stage 2 |
| NUVB | FAIL (FCF <= 0 (-173781000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AADX | FAIL (FCF <= 0 (-46374000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HLIO | FAIL (ROE 7.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIGS | PASS | 16.32 | — | — | — | — | — | Passed Stage 2 |
| PBH | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BFLY | FAIL (FCF <= 0 (-16048000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EFXT | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VVX | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STUB | FAIL (Net margin -91.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BGSI | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NGVT | FAIL (Rev growth -17.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CC | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMC | FAIL (FCF <= 0 (-365900000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRDN | PASS | 52.42 | — | — | — | — | — | Passed Stage 2 |
| TRN | FAIL (FCF <= 0 (-435200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| COTY | FAIL (Net margin -10.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBI | FAIL (ROE -23.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCU | FAIL (ROE 7.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DBD | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RAMP | PASS | 53.34 | — | — | — | — | — | Passed Stage 2 |
| BOBS | PASS | 49.1 | — | — | — | — | — | Passed Stage 2 |
| BKE | PASS | 42.45 | — | — | — | — | — | Passed Stage 2 |
| ASAN | FAIL (Net margin -20.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KMT | FAIL (FCF <= 0 (-80913000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROG | FAIL (P/E 72.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTX | FAIL (Net margin -3.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MD | PASS | 45.7 | — | — | — | — | — | Passed Stage 2 |
| AERO | FAIL (Net margin -41.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTOS | FAIL (FCF <= 0 (-107589000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RLX | FAIL (ROE 6.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NGL | FAIL (Net margin -4.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UAA | FAIL (FCF <= 0 (-162163000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LPG | PASS | 61.62 | — | — | — | — | — | Passed Stage 2 |
| BHVN | FAIL (FCF <= 0 (-610153000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIA | FAIL (FCF <= 0 (-36783000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TIC | FAIL (Net margin -5.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UA | FAIL (FCF <= 0 (-162163000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRSL | FAIL (FCF <= 0 (-415000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECO | PASS | 32.11 | — | — | — | — | — | Passed Stage 2 |
| ELPC | PASS | 46.56 | — | — | — | — | — | Passed Stage 2 |
| HAWK | FAIL (FCF <= 0 (-28406000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWN | FAIL (FCF <= 0 (-197769000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTRI | FAIL (FCF <= 0 (-8204000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NEXA | PASS | 16.99 | — | — | — | — | — | Passed Stage 2 |
| VOYG | FAIL (FCF <= 0 (-205616000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MNR | PASS | 29.03 | — | — | — | — | — | Passed Stage 2 |
| WTTR | FAIL (FCF <= 0 (-79889000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STDN | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPB | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRKS | FAIL (ROE -27.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GENI | FAIL (Net margin -23.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DV | FAIL (ROE 5.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRC | PASS | 9.97 | — | — | — | — | — | Passed Stage 2 |
| CEPU | PASS | 82.4 | PASS | LOW | FAIL | 16686.99 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=13.51, low=40.53, med=46.61)) |
| KSS | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRGO | FAIL (Net margin -41.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INVX | FAIL (ROE 5.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVDA | PASS | 74.31 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| AAPL | PASS | 34.56 | — | — | — | — | — | Passed Stage 2 |
| GOOGL | PASS | 51.55 | — | — | — | — | — | Passed Stage 2 |
| GOOG | PASS | 51.55 | — | — | — | — | — | Passed Stage 2 |
| MSFT | PASS | 45.91 | — | — | — | — | — | Passed Stage 2 |
| AMZN | PASS | 26.69 | — | — | — | — | — | Passed Stage 2 |
| SPCX | FAIL (FCF <= 0 (-13952000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVGO | FAIL (P/E 57.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| META | PASS | 62.48 | — | — | — | — | — | Passed Stage 2 |
| TSLA | FAIL (P/E 296.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SKHY | PASS | 73.93 | PASS | LOW | FAIL | — | — | Rejected (Stage 4: Negative Delivery Gap: -14.8pp (hist=-44.8%, implied=-30.0%)) |
| MU | PASS | 71.84 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| WMT | PASS | 21.15 | — | — | — | — | — | Passed Stage 2 |
| AMD | FAIL (P/E 121.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASML | FAIL (P/E 54.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| INTC | FAIL (FCF <= 0 (-4949000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSCO | PASS | 25.81 | — | — | — | — | — | Passed Stage 2 |
| COST | PASS | 45.04 | — | — | — | — | — | Passed Stage 2 |
| PLTR | FAIL (P/E 137.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LRCX | FAIL (P/E 54.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMAT | PASS | 44.37 | — | — | — | — | — | Passed Stage 2 |
| NFLX | PASS | 65.08 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| PANW | FAIL (P/E 285.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARM | FAIL (P/E 249.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| KLAC | PASS | 44.91 | — | — | — | — | — | Passed Stage 2 |
| AMGN | PASS | 30.89 | — | — | — | — | — | Passed Stage 2 |
| TXN | PASS | 32.64 | — | — | — | — | — | Passed Stage 2 |
| LIN | PASS | 16.7 | — | — | — | — | — | Passed Stage 2 |
| SNDK | PASS | 52.99 | — | — | — | — | — | Passed Stage 2 |
| MRVL | FAIL (P/E 81.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHOP | FAIL (P/E 103.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMUS | PASS | 44.25 | — | — | — | — | — | Passed Stage 2 |
| PEP | PASS | 34.29 | — | — | — | — | — | Passed Stage 2 |
| CRWD | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GILD | FAIL (Net margin -10.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STX | FAIL (P/E 56.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADI | PASS | 29.22 | — | — | — | — | — | Passed Stage 2 |
| QCOM | PASS | 60.91 | — | — | — | — | — | Passed Stage 2 |
| BKNG | FAIL (ROE -96.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WDC | PASS | 48.68 | — | — | — | — | — | Passed Stage 2 |
| VRTX | PASS | 30.78 | — | — | — | — | — | Passed Stage 2 |
| ISRG | PASS | 39.34 | — | — | — | — | — | Passed Stage 2 |
| PDD | PASS | 74.85 | PASS | LOW | FAIL | 92.39 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=87.75, low=261.21, med=300.39)) |
| SBUX | FAIL (P/E 60.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABNB | PASS | 44.65 | — | — | — | — | — | Passed Stage 2 |
| ADP | PASS | 48.61 | — | — | — | — | — | Passed Stage 2 |
| FTNT | FAIL (P/E 53.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNY | FAIL (ROE 5.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADBE | PASS | 57.82 | — | — | — | — | — | Passed Stage 2 |
| APP | PASS | 76.26 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| DASH | FAIL (P/E 120.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MELI | FAIL (P/E 54.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CEG | PASS | 16.46 | — | — | — | — | — | Passed Stage 2 |
| INTU | PASS | 54.12 | — | — | — | — | — | Passed Stage 2 |
| CMCSA | PASS | 49.25 | — | — | — | — | — | Passed Stage 2 |
| CSX | PASS | 13.82 | — | — | — | — | — | Passed Stage 2 |
| MNST | PASS | 52.76 | — | — | — | — | — | Passed Stage 2 |
| MAR | FAIL (ROE -66.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDNS | FAIL (P/E 65.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| REGN | PASS | 25.21 | — | — | — | — | — | Passed Stage 2 |
| NTES | PASS | 72.73 | PASS | LOW | FAIL | 54.46 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=128.80, low=368.90, med=424.23)) |
| CTAS | PASS | 44.22 | — | — | — | — | — | Passed Stage 2 |
| MDLZ | PASS | 11.07 | — | — | — | — | — | Passed Stage 2 |
| DDOG | FAIL (P/E 448.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SNPS | FAIL (P/E 92.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROST | PASS | 54.13 | — | — | — | — | — | Passed Stage 2 |
| ORLY | FAIL (ROE -232.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WBD | FAIL (Net margin -8.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LITE | FAIL (Net margin -230.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HON | PASS | 43.14 | — | — | — | — | — | Passed Stage 2 |
| PCAR | FAIL (Rev growth -15.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AEP | PASS | 19.71 | — | — | — | — | — | Passed Stage 2 |
| MPWR | FAIL (P/E 79.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARGX | PASS | 39.47 | — | — | — | — | — | Passed Stage 2 |
| MRNA | FAIL (FCF <= 0 (-2065000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKR | PASS | 40.4 | — | — | — | — | — | Passed Stage 2 |
| FAST | PASS | 39.14 | — | — | — | — | — | Passed Stage 2 |
| TER | PASS | 41.04 | — | — | — | — | — | Passed Stage 2 |
| NXPI | PASS | 21.14 | — | — | — | — | — | Passed Stage 2 |
| FANG | FAIL (ROE 4.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NBIS | FAIL (FCF <= 0 (-3681200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADSK | PASS | 46.45 | — | — | — | — | — | Passed Stage 2 |
| WDAY | FAIL (P/E 60.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HONA | FAIL (P/E 67.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXON | FAIL (P/E 247.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCEP | PASS | 16.41 | — | — | — | — | — | Passed Stage 2 |
| ALAB | FAIL (P/E 130.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTRA | FAIL (Net margin -7.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XEL | FAIL (FCF <= 0 (-6825000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRWV | FAIL (FCF <= 0 (-7251000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EBAY | PASS | 30.46 | — | — | — | — | — | Passed Stage 2 |
| FER | FAIL (P/E 61.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXC | FAIL (FCF <= 0 (-2275000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRI | PASS | 35.61 | — | — | — | — | — | Passed Stage 2 |
| RVMD | FAIL (FCF <= 0 (-913731000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAYX | PASS | 54.25 | — | — | — | — | — | Passed Stage 2 |
| TEAM | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTWO | FAIL (Net margin -4.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IDXX | PASS | 60.25 | — | — | — | — | — | Passed Stage 2 |
| KDP | FAIL (ROE 5.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRDO | FAIL (P/E 86.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSTR | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROP | PASS | 48.25 | — | — | — | — | — | Passed Stage 2 |
| CBRS | FAIL (FCF <= 0 (-392789000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ODFL | PASS | 26.53 | — | — | — | — | — | Passed Stage 2 |
| JD | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLEX | PASS | 38.46 | — | — | — | — | — | Passed Stage 2 |
| ONC | PASS | 26.76 | — | — | — | — | — | Passed Stage 2 |
| MCHP | FAIL (P/E 101.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RKLB | FAIL (FCF <= 0 (-321806000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXPE | PASS | 44.43 | — | — | — | — | — | Passed Stage 2 |
| UAL | PASS | 13.63 | — | — | — | — | — | Passed Stage 2 |
| VOD | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KMB | FAIL (Rev growth -14.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTAP | PASS | 59.59 | — | — | — | — | — | Passed Stage 2 |
| ERIC | FAIL (Rev growth -14.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ILMN | PASS | 49.18 | — | — | — | — | — | Passed Stage 2 |
| ESLT | FAIL (P/E 51.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DXCM | PASS | 59.79 | — | — | — | — | — | Passed Stage 2 |
| STRC | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEHC | PASS | 12.95 | — | — | — | — | — | Passed Stage 2 |
| STLD | PASS | 9.69 | — | — | — | — | — | Passed Stage 2 |
| BIIB | FAIL (ROE 4.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MDB | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALNY | PASS | 38.53 | — | — | — | — | — | Passed Stage 2 |
| BIDU | FAIL (FCF <= 0 (-16430000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPRT | PASS | 43.06 | — | — | — | — | — | Passed Stage 2 |
| FOXA | PASS | 19.81 | — | — | — | — | — | Passed Stage 2 |
| CASY | PASS | 30.73 | — | — | — | — | — | Passed Stage 2 |
| MDLN | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KHC | FAIL (Net margin -13.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STRF | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TCOM | PASS | 84.0 | PASS | LOW | FAIL | 92.05 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=45.98, low=138.06, med=158.77)) |
| RYAAY | PASS | 27.66 | — | — | — | — | — | Passed Stage 2 |
| ZM | PASS | 58.88 | — | — | — | — | — | Passed Stage 2 |
| BNTX | FAIL (Net margin -64.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BSP | FAIL (P/E 124.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTSH | PASS | 32.54 | — | — | — | — | — | Passed Stage 2 |
| ON | FAIL (Rev growth -15.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FISV | PASS | 35.76 | — | — | — | — | — | Passed Stage 2 |
| RPRX | PASS | 29.21 | — | — | — | — | — | Passed Stage 2 |
| FOX | PASS | 19.88 | — | — | — | — | — | Passed Stage 2 |
| ZS | FAIL (Net margin -2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INSM | FAIL (FCF <= 0 (-967575000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VRSN | FAIL (ROE -39.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROIV | FAIL (FCF <= 0 (-758558000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| INCY | PASS | 47.6 | — | — | — | — | — | Passed Stage 2 |
| FWONK | FAIL (P/E 52.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SYM | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DLTR | PASS | 49.22 | — | — | — | — | — | Passed Stage 2 |
| ASTS | FAIL (FCF <= 0 (-1136258000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFS | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMCI | FAIL (FCF <= 0 (-6971885000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JBHT | PASS | 11.8 | — | — | — | — | — | Passed Stage 2 |
| VRSK | FAIL (ROE -212.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STRD | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FWONA | FAIL (P/E 52.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TSEM | FAIL (FCF <= 0 (-41079000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROKU | FAIL (P/E 66.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ULTA | PASS | 31.14 | — | — | — | — | — | Passed Stage 2 |
| RGLD | FAIL (FCF <= 0 (-459907000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FSLR | PASS | 40.19 | — | — | — | — | — | Passed Stage 2 |
| GH | FAIL (FCF <= 0 (-233066000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UTHR | PASS | 50.95 | — | — | — | — | — | Passed Stage 2 |
| EXE | PASS | 53.75 | — | — | — | — | — | Passed Stage 2 |
| STRK | FAIL (FCF <= 0 (-22579536000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OKTA | FAIL (P/E 93.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FFIV | PASS | 52.35 | — | — | — | — | — | Passed Stage 2 |
| ENTG | FAIL (P/E 69.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GMAB | FAIL (Rev growth -82.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHTR | PASS | 35.47 | — | — | — | — | — | Passed Stage 2 |
| KSPI | PASS | 67.56 | PASS | LOW | FAIL | 9.94 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=108.75, low=319.38, med=367.29)) |
| FTAI | FAIL (FCF <= 0 (-1063182000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RIVN | FAIL (FCF <= 0 (-2489000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTSI | FAIL (P/E 83.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WWD | PASS | 44.12 | — | — | — | — | — | Passed Stage 2 |
| SSNC | PASS | 38.83 | — | — | — | — | — | Passed Stage 2 |
| VTRS | FAIL (Net margin -2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWS | FAIL (ROE 6.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EVRG | FAIL (FCF <= 0 (-751700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NDSN | PASS | 27.68 | — | — | — | — | — | Passed Stage 2 |
| TSCO | PASS | 29.97 | — | — | — | — | — | Passed Stage 2 |
| MKSI | PASS | 18.47 | — | — | — | — | — | Passed Stage 2 |
| CDW | PASS | 24.64 | — | — | — | — | — | Passed Stage 2 |
| NTNX | FAIL (P/E 65.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LNT | FAIL (FCF <= 0 (-1314000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEN | PASS | 61.88 | — | — | — | — | — | Passed Stage 2 |
| PTC | PASS | 66.66 | PASS | MEDIUM | FAIL | 22.82 | 1.13:1 | Rejected (Stage 4: Asymmetry 1.1:1 < 2:1 (price=151.14, low=76.03, med=235.98)) |
| PAA | FAIL (Rev growth -11.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWSA | FAIL (ROE 6.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZBRA | PASS | 10.77 | — | — | — | — | — | Passed Stage 2 |
| MEDP | PASS | 60.38 | — | — | — | — | — | Passed Stage 2 |
| CHRW | PASS | 20.97 | — | — | — | — | — | Passed Stage 2 |
| INIO | FAIL (Net margin -1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| JAZZ | PASS | 32.6 | — | — | — | — | — | Passed Stage 2 |
| TIGO | PASS | 41.7 | — | — | — | — | — | Passed Stage 2 |
| LSCC | FAIL (P/E 438.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VNOM | FAIL (FCF <= 0 (-1371000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBIO | FAIL (FCF <= 0 (-447007000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ASND | PASS | 52.02 | — | — | — | — | — | Passed Stage 2 |
| SITM | FAIL (P/E 1120.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| COKE | FAIL (ROE -889.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NBIX | PASS | 57.61 | — | — | — | — | — | Passed Stage 2 |
| AKAM | FAIL (ROE 8.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LECO | PASS | 44.17 | — | — | — | — | — | Passed Stage 2 |
| HTHT | PASS | 74.34 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| IREN | FAIL (FCF <= 0 (-1126741000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STRL | PASS | 57.36 | — | — | — | — | — | Passed Stage 2 |
| WMG | PASS | 29.75 | — | — | — | — | — | Passed Stage 2 |
| APA | PASS | 40.59 | — | — | — | — | — | Passed Stage 2 |
| FIVE | PASS | 44.99 | — | — | — | — | — | Passed Stage 2 |
| EXEL | PASS | 51.17 | — | — | — | — | — | Passed Stage 2 |
| COO | FAIL (P/E 61.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRAB | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| QNT | FAIL (FCF <= 0 (-235350000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LOGI | PASS | 60.96 | — | — | — | — | — | Passed Stage 2 |
| TLN | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRMB | FAIL (Net margin -2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XELLL | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ECHO | FAIL (FCF <= 0 (-1065104000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HAS | PASS | 54.03 | — | — | — | — | — | Passed Stage 2 |
| LULU | PASS | 56.7 | — | — | — | — | — | Passed Stage 2 |
| TXRH | PASS | 28.5 | — | — | — | — | — | Passed Stage 2 |
| CORT | FAIL (P/E 237.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHKP | PASS | 52.71 | — | — | — | — | — | Passed Stage 2 |
| WSE | PASS | 65.89 | PASS | MEDIUM | FAIL | 21.69 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=13.07, low=13.10, med=39.30)) |
| HALO | PASS | 63.11 | — | — | — | — | — | Passed Stage 2 |
| ICLR | FAIL (ROE 3.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXT | PASS | 56.72 | — | — | — | — | — | Passed Stage 2 |
| DKNG | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BMRN | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHYM | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARWR | FAIL (Net margin -47.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IESC | PASS | 46.88 | — | — | — | — | — | Passed Stage 2 |
| MANH | FAIL (P/E 60.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LI | FAIL (FCF <= 0 (-12816914000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| JKHY | PASS | 51.12 | — | — | — | — | — | Passed Stage 2 |
| CART | PASS | 52.2 | — | — | — | — | — | Passed Stage 2 |
| AMKR | PASS | 15.3 | — | — | — | — | — | Passed Stage 2 |
| TEM | FAIL (FCF <= 0 (-245355000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMTC | FAIL (P/E 76.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MDGL | FAIL (FCF <= 0 (-190020000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVMI | PASS | 53.31 | — | — | — | — | — | Passed Stage 2 |
| TTMI | FAIL (FCF <= 0 (-683000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSKY | FAIL (Net margin -2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DPZ | FAIL (ROE -15.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOCU | PASS | 51.96 | — | — | — | — | — | Passed Stage 2 |
| ALGN | PASS | 32.66 | — | — | — | — | — | Passed Stage 2 |
| TECH | FAIL (P/E 61.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AUR | FAIL (FCF <= 0 (-612000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| APC | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENLT | FAIL (FCF <= 0 (-1725811085)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTSG | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AEIS | PASS | 24.41 | — | — | — | — | — | Passed Stage 2 |
| PAYP | PASS | 89.69 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| FROG | FAIL (Net margin -7.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BSY | PASS | 44.8 | — | — | — | — | — | Passed Stage 2 |
| SMMT | FAIL (FCF <= 0 (-240153327)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXSM | FAIL (FCF <= 0 (-93885000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GSAT | FAIL (Net margin -21.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IONS | FAIL (FCF <= 0 (-320027000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KRYS | PASS | 63.58 | — | — | — | — | — | Passed Stage 2 |
| ENSG | PASS | 33.16 | — | — | — | — | — | Passed Stage 2 |
| KYMR | FAIL (FCF <= 0 (-234340000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LFUS | FAIL (Net margin -0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRAX | FAIL (FCF <= 0 (-249124000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGEN | FAIL (P/E 245.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| WYNN | FAIL (ROE -174.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SANM | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HSIC | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DRS | PASS | 34.8 | — | — | — | — | — | Passed Stage 2 |
| SAIL | FAIL (Net margin -14.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSAT | FAIL (Net margin -0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CGNX | FAIL (P/E 57.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LLYVK | FAIL (FCF <= 0 (-29455000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PODD | PASS | 56.69 | — | — | — | — | — | Passed Stage 2 |
| SWKS | FAIL (ROE 5.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KTOS | FAIL (FCF <= 0 (-137400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTCH | FAIL (ROE -303.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RMBS | PASS | 50.18 | — | — | — | — | — | Passed Stage 2 |
| PTGX | FAIL (Rev growth -89.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIRI | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CYTK | FAIL (FCF <= 0 (-534816000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTEK | PASS | 28.62 | — | — | — | — | — | Passed Stage 2 |
| TWST | FAIL (FCF <= 0 (-75632000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SYRE | FAIL (FCF <= 0 (-169252000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VIAV | FAIL (Net margin -2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAL | FAIL (FCF <= 0 (-680000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAIA | PASS | 18.19 | — | — | — | — | — | Passed Stage 2 |
| AAOI | FAIL (FCF <= 0 (-353576000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CELH | FAIL (P/E 168.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRNX | FAIL (FCF <= 0 (-383684000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IMVT | FAIL (FCF <= 0 (-407318000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IDCC | PASS | 62.03 | — | — | — | — | — | Passed Stage 2 |
| ZG | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DBX | FAIL (ROE -23.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VICR | FAIL (P/E 61.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOLS | PASS | 3.75 | — | — | — | — | — | Passed Stage 2 |
| PCVX | FAIL (FCF <= 0 (-669290000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HQY | PASS | 43.43 | — | — | — | — | — | Passed Stage 2 |
| TTAN | FAIL (Net margin -13.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SFD | PASS | 48.25 | — | — | — | — | — | Passed Stage 2 |
| Z | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABVX | FAIL (FCF <= 0 (-155828179)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRKR | FAIL (Net margin -2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IBRX | FAIL (FCF <= 0 (-308782000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TGTX | FAIL (FCF <= 0 (-24986000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FORM | FAIL (P/E 72.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| APGE | FAIL (FCF <= 0 (-232597000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QRVO | PASS | 22.04 | — | — | — | — | — | Passed Stage 2 |
| APLD | FAIL (FCF <= 0 (-2776080000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALKS | FAIL (P/E 122.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXG | FAIL (Net margin -12.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PCTY | PASS | 54.6 | — | — | — | — | — | Passed Stage 2 |
| SSRM | PASS | 23.29 | — | — | — | — | — | Passed Stage 2 |
| SIMO | PASS | 29.73 | — | — | — | — | — | Passed Stage 2 |
| CAE | FAIL (ROE 5.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SFM | PASS | 48.03 | — | — | — | — | — | Passed Stage 2 |
| APPF | FAIL (P/E 50.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHRD | PASS | 19.14 | — | — | — | — | — | Passed Stage 2 |
| CAI | FAIL (P/E 75.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RYTM | FAIL (FCF <= 0 (-116628000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPC | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AUGO | PASS | 65.1 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| AVAV | FAIL (FCF <= 0 (-164622000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BZ | PASS | 85.93 | PASS | LOW | FAIL | 94.72 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=16.29, low=46.32, med=53.27)) |
| VFS | FAIL (FCF <= 0 (-67440504000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SLAB | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVT | FAIL (FCF <= 0 (-354497000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QBTS | FAIL (FCF <= 0 (-75844000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MBLY | FAIL (Net margin -201.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GTLB | FAIL (Net margin -2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NAVN | FAIL (Net margin -46.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CPB | PASS | 14.24 | — | — | — | — | — | Passed Stage 2 |
| SRRK | FAIL (FCF <= 0 (-300637000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALGM | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CGON | FAIL (FCF <= 0 (-132480000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BILI | FAIL (ROE 9.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LGN | FAIL (Net margin -1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| POWL | PASS | 34.43 | — | — | — | — | — | Passed Stage 2 |
| GRFS | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAMT | FAIL (P/E 183.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DUOL | PASS | 72.4 | PASS | MEDIUM | PASS | 76.34 | 4.24:1 | Candidate |
| POOL | PASS | 17.94 | — | — | — | — | — | Passed Stage 2 |
| DOX | PASS | 29.72 | — | — | — | — | — | Passed Stage 2 |
| LYFT | PASS | 84.6 | PASS | LOW | FAIL | 42.75 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=17.65, low=23.09, med=53.04)) |
| CIFR | FAIL (FCF <= 0 (-695859000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DSGX | PASS | 36.93 | — | — | — | — | — | Passed Stage 2 |
| GLBE | PASS | 53.66 | — | — | — | — | — | Passed Stage 2 |
| LNTH | PASS | 34.59 | — | — | — | — | — | Passed Stage 2 |
| MAAS | FAIL (Net margin -24.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| URBN | PASS | 26.57 | — | — | — | — | — | Passed Stage 2 |
| BLTE | FAIL (FCF <= 0 (-37166000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLXS | PASS | 9.59 | — | — | — | — | — | Passed Stage 2 |
| GDS | FAIL (FCF <= 0 (-1327841000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LKQ | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WFRD | FAIL (Rev growth -10.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| COGT | FAIL (FCF <= 0 (-265998000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DNTH | FAIL (FCF <= 0 (-129273000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LQDA | FAIL (FCF <= 0 (-40022000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAON | FAIL (FCF <= 0 (-191424000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TVTX | FAIL (FCF <= 0 (-20373000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTD | PASS | 55.12 | — | — | — | — | — | Passed Stage 2 |
| ROAD | PASS | 36.25 | — | — | — | — | — | Passed Stage 2 |
| QLYS | PASS | 58.46 | — | — | — | — | — | Passed Stage 2 |
| CHDN | PASS | 21.39 | — | — | — | — | — | Passed Stage 2 |
| ERAS | FAIL (FCF <= 0 (-95583000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ORKA | FAIL (FCF <= 0 (-88419000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTCT | FAIL (Net margin -3.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNSA | FAIL (P/E 75.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| VSEC | FAIL (P/E 79.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| LSTR | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RDNT | FAIL (Net margin -0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CZR | FAIL (Net margin -3.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MXL | FAIL (Net margin -18.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RUSHA | PASS | 13.44 | — | — | — | — | — | Passed Stage 2 |
| MIRM | FAIL (Net margin -139.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DFTX | FAIL (FCF <= 0 (-131560000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OTEX | PASS | 37.7 | — | — | — | — | — | Passed Stage 2 |
| CROX | PASS | 41.02 | — | — | — | — | — | Passed Stage 2 |
| NICE | PASS | 48.25 | — | — | — | — | — | Passed Stage 2 |
| CRSP | FAIL (FCF <= 0 (-345928000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTDR | PASS | 60.58 | — | — | — | — | — | Passed Stage 2 |
| CWST | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XENE | FAIL (FCF <= 0 (-279917000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CORZ | FAIL (FCF <= 0 (-450750000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXST | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCPC | PASS | 38.96 | — | — | — | — | — | Passed Stage 2 |
| AMRX | FAIL (ROE -326.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MMYT | FAIL (P/E 171.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXLS | PASS | 53.46 | — | — | — | — | — | Passed Stage 2 |
| LGND | PASS | 34.2 | — | — | — | — | — | Passed Stage 2 |
| VSNT | FAIL (ROE 8.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAKE | PASS | 40.7 | — | — | — | — | — | Passed Stage 2 |
| RGTI | FAIL (FCF <= 0 (-77219000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CRUS | PASS | 59.6 | — | — | — | — | — | Passed Stage 2 |
| PEGA | PASS | 70.47 | PASS | LOW | FAIL | 50.51 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=34.00, low=34.56, med=102.84)) |
| SHC | PASS | 12.37 | — | — | — | — | — | Passed Stage 2 |
| RELY | PASS | 65.53 | PASS | MEDIUM | FAIL | 57.97 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=26.22, low=26.59, med=60.02)) |
| PSMT | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTSK | FAIL (Net margin -95.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MMSI | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVLT | FAIL (P/E 83.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAIC | PASS | 26.38 | — | — | — | — | — | Passed Stage 2 |
| PAGP | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALM | FAIL (FCF <= 0 (-79985000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACIW | PASS | 44.69 | — | — | — | — | — | Passed Stage 2 |
| MMED | FAIL (FCF <= 0 (-420000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GLNG | FAIL (FCF <= 0 (-424702000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LAUR | PASS | 52.53 | — | — | — | — | — | Passed Stage 2 |
| MRCY | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACAD | PASS | 35.29 | — | — | — | — | — | Passed Stage 2 |
| LBRDA | FAIL (FCF <= 0 (-327000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| REYN | PASS | 37.36 | — | — | — | — | — | Passed Stage 2 |
| MIDD | FAIL (Net margin -13.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAR | FAIL (FCF <= 0 (-11978000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACMR | FAIL (FCF <= 0 (-66608000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PI | FAIL (Net margin -7.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GNTX | PASS | 54.79 | — | — | — | — | — | Passed Stage 2 |
| OMAB | PASS | 86.39 | PASS | LOW | FAIL | 41.21 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=104.22, low=308.73, med=355.04)) |
| UFPI | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IRDM | FAIL (P/E 53.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOVT | FAIL (P/E 87.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENPH | PASS | 7.67 | — | — | — | — | — | Passed Stage 2 |
| ATAT | PASS | 90.54 | PASS | LOW | FAIL | 101.21 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=35.65, low=104.25, med=119.89)) |
| ELVR | FAIL (FCF <= 0 (-64418000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DYN | FAIL (FCF <= 0 (-405127000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GTX | FAIL (ROE -46.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OCTV | FAIL (Net margin -147.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LFST | FAIL (P/E 94.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| EWTX | FAIL (FCF <= 0 (-143816000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BULL | FAIL (P/E 104.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| XMTR | FAIL (FCF <= 0 (-24094000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRVO | FAIL (FCF <= 0 (-497416000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DAVE | PASS | 78.06 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| ONDS | FAIL (FCF <= 0 (-40885000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VRNS | FAIL (Net margin -20.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EQPT | FAIL (FCF <= 0 (-1803000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WAY | FAIL (ROE 3.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MYRG | PASS | 30.56 | — | — | — | — | — | Passed Stage 2 |
| BLLN | FAIL (P/E 145.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PBLS | FAIL (FCF <= 0 (-124019000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHEF | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DLO | PASS | 73.06 | PASS | MEDIUM | PASS | 68.98 | 32.73:1 | Candidate |
| ICUI | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NSIT | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CVCO | PASS | 26.63 | — | — | — | — | — | Passed Stage 2 |
| DOO | PASS | 44.19 | — | — | — | — | — | Passed Stage 2 |
| WIX | FAIL (Net margin -8.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OLLI | PASS | 43.28 | — | — | — | — | — | Passed Stage 2 |
| RLAY | FAIL (FCF <= 0 (-235865000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FELE | PASS | 39.14 | — | — | — | — | — | Passed Stage 2 |
| CELC | FAIL (FCF <= 0 (-153529000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| INDV | FAIL (FCF <= 0 (-94000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IEP | FAIL (FCF <= 0 (-654000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RUM | FAIL (FCF <= 0 (-74497060)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAT | PASS | 35.92 | — | — | — | — | — | Passed Stage 2 |
| KLIC | PASS | 12.66 | — | — | — | — | — | Passed Stage 2 |
| MEOH | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCC | FAIL (P/E 113.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CENX | PASS | 27.83 | — | — | — | — | — | Passed Stage 2 |
| PTEN | FAIL (Net margin -1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LIVN | PASS | 31.15 | — | — | — | — | — | Passed Stage 2 |
| NWE | FAIL (FCF <= 0 (-130001000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELVN | FAIL (FCF <= 0 (-70459000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITRI | PASS | 48.01 | — | — | — | — | — | Passed Stage 2 |
| VEON | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HTFL | FAIL (FCF <= 0 (-59048000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DIOD | FAIL (ROE 4.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADPT | FAIL (FCF <= 0 (-48945000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMLX | FAIL (FCF <= 0 (-123481000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OLED | PASS | 22.07 | — | — | — | — | — | Passed Stage 2 |
| SKYW | PASS | 18.57 | — | — | — | — | — | Passed Stage 2 |
| CECO | FAIL (FCF <= 0 (-5482000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLMT | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IRTC | FAIL (Net margin -1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IDYA | FAIL (FCF <= 0 (-73466000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TNGX | FAIL (FCF <= 0 (-139934000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VKTX | FAIL (FCF <= 0 (-278685000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AYA | FAIL (FCF <= 0 (-4245000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TLX | FAIL (FCF <= 0 (-82795327)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DNLI | FAIL (FCF <= 0 (-422102000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CALM | FAIL (Rev growth -31.7% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MNDY | PASS | 54.21 | — | — | — | — | — | Passed Stage 2 |
| LEGN | FAIL (FCF <= 0 (-168043260)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WLFC | FAIL (FCF <= 0 (-241344000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DORM | PASS | 36.08 | — | — | — | — | — | Passed Stage 2 |
| LOPE | PASS | 42.74 | — | — | — | — | — | Passed Stage 2 |
| JOYY | FAIL (ROE 3.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACLS | FAIL (Rev growth -17.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WSC | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OTTR | PASS | 8.87 | — | — | — | — | — | Passed Stage 2 |
| SRAD | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABCL | FAIL (FCF <= 0 (-174067000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IOVA | FAIL (FCF <= 0 (-336244000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IPAR | PASS | 45.69 | — | — | — | — | — | Passed Stage 2 |
| SYNA | FAIL (Net margin -41.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRPT | PASS | 20.13 | — | — | — | — | — | Passed Stage 2 |
| BATRA | FAIL (FCF <= 0 (-26097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLY | FAIL (FCF <= 0 (-237750000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| COCO | PASS | 29.23 | — | — | — | — | — | Passed Stage 2 |
| TENB | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LIF | PASS | 62.7 | — | — | — | — | — | Passed Stage 2 |
| FSLY | FAIL (Net margin -11.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| LBTYK | FAIL (FCF <= 0 (-132000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QS | FAIL (FCF <= 0 (-278750000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRSH | PASS | 57.8 | — | — | — | — | — | Passed Stage 2 |
| GRAL | FAIL (FCF <= 0 (-299007000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| QURE | FAIL (FCF <= 0 (-177963000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OPCH | PASS | 16.07 | — | — | — | — | — | Passed Stage 2 |
| CARG | PASS | 65.36 | PASS | MEDIUM | FAIL | 89.37 | 0.8:1 | Rejected (Stage 4: Asymmetry 0.8:1 < 2:1 (price=36.45, low=19.54, med=50.06)) |
| VCYT | FAIL (ROE 8.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RRR | PASS | 34.94 | — | — | — | — | — | Passed Stage 2 |
| FA | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SBLK | FAIL (Rev growth -17.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BRZE | FAIL (Net margin -15.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MWH | FAIL (Net margin 2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AXTI | FAIL (FCF <= 0 (-18778000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGNI | PASS | 31.08 | — | — | — | — | — | Passed Stage 2 |
| USLM | PASS | 59.52 | — | — | — | — | — | Passed Stage 2 |
| ARLP | FAIL (Rev growth -10.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXPO | PASS | 42.22 | — | — | — | — | — | Passed Stage 2 |
| PLSE | FAIL (FCF <= 0 (-54437000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPTA | FAIL (FCF <= 0 (-118420000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NESR | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BATRK | FAIL (FCF <= 0 (-26097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OSIS | PASS | 40.54 | — | — | — | — | — | Passed Stage 2 |
| LILAP | FAIL (Net margin -2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHOO | PASS | 8.83 | — | — | — | — | — | Passed Stage 2 |
| PTRN | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| UCTT | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MBX | FAIL (FCF <= 0 (-81878000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NVTS | FAIL (FCF <= 0 (-44369000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VCRE | FAIL (FCF <= 0 (-375737000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMDX | PASS | 44.14 | — | — | — | — | — | Passed Stage 2 |
| AGYS | FAIL (P/E 74.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRMD | FAIL (Rev growth -10.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MZTI | PASS | 45.63 | — | — | — | — | — | Passed Stage 2 |
| KYIV | PASS | 27.95 | — | — | — | — | — | Passed Stage 2 |
| NAMS | FAIL (FCF <= 0 (-148029000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEAM | FAIL (FCF <= 0 (-360048000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLUG | FAIL (FCF <= 0 (-661475000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IRON | FAIL (FCF <= 0 (-181326000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| INTA | FAIL (Net margin -7.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIZZ | PASS | 34.38 | — | — | — | — | — | Passed Stage 2 |
| AEHR | FAIL (FCF <= 0 (-5376000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LFTO | FAIL (P/E 63.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARQT | FAIL (FCF <= 0 (-6311000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KC | FAIL (FCF <= 0 (-941337000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AMBA | FAIL (Net margin -17.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WING | FAIL (ROE -15.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TARS | FAIL (FCF <= 0 (-22310000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOUN | FAIL (FCF <= 0 (-103124000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IPGP | FAIL (FCF <= 0 (-3454000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| POWI | FAIL (P/E 120.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARCB | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BELFB | FAIL (P/E 62.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| COLM | PASS | 16.78 | — | — | — | — | — | Passed Stage 2 |
| ADEA | PASS | 32.34 | — | — | — | — | — | Passed Stage 2 |
| MGEE | FAIL (FCF <= 0 (-79986000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXTR | FAIL (P/E 70.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVAH | PASS | 50.81 | — | — | — | — | — | Passed Stage 2 |
| ALMS | FAIL (FCF <= 0 (-370176000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZLAB | FAIL (FCF <= 0 (-164213000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPLI | FAIL (Rev growth -37.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| APPN | FAIL (Net margin -1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DXPE | PASS | 33.62 | — | — | — | — | — | Passed Stage 2 |
| VECO | FAIL (P/E 124.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPSC | FAIL (ROE 8.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WDFC | PASS | 25.11 | — | — | — | — | — | Passed Stage 2 |
| GPCR | FAIL (FCF <= 0 (-225813000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATRO | PASS | 43.09 | — | — | — | — | — | Passed Stage 2 |
| DGII | FAIL (P/E 58.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALHC | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLBT | PASS | 48.76 | — | — | — | — | — | Passed Stage 2 |
| IMNM | FAIL (FCF <= 0 (-200604000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALRM | PASS | 43.01 | — | — | — | — | — | Passed Stage 2 |
| PATK | PASS | 10.16 | — | — | — | — | — | Passed Stage 2 |
| MGRC | PASS | 18.96 | — | — | — | — | — | Passed Stage 2 |
| NRIX | FAIL (FCF <= 0 (-263467000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACHC | FAIL (FCF <= 0 (-439909000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AVPT | PASS | 25.57 | — | — | — | — | — | Passed Stage 2 |
| CENT | PASS | 16.04 | — | — | — | — | — | Passed Stage 2 |
| NTCT | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VC | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATAI | FAIL (FCF <= 0 (-103576000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGC | FAIL (FCF <= 0 (-3266270)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLDX | FAIL (FCF <= 0 (-213659000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VRDN | FAIL (FCF <= 0 (-276886000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LIME | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EEFT | PASS | 34.39 | — | — | — | — | — | Passed Stage 2 |
| ASO | PASS | 15.64 | — | — | — | — | — | Passed Stage 2 |
| AXGN | FAIL (FCF <= 0 (-2933000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HTO | FAIL (FCF <= 0 (-278099000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRVA | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OSW | PASS | 38.61 | — | — | — | — | — | Passed Stage 2 |
| PONY | FAIL (FCF <= 0 (-208830000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HSAI | FAIL (FCF <= 0 (-187141555)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LUNR | FAIL (FCF <= 0 (-56015000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTDR | FAIL (FCF <= 0 (-2006361000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUPN | FAIL (Net margin -13.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDNA | PASS | 46.73 | — | — | — | — | — | Passed Stage 2 |
| SLS | FAIL (FCF <= 0 (-28389000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IOND | FAIL (FCF <= 0 (-107589000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| OUST | FAIL (FCF <= 0 (-64849000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GENB | FAIL (FCF <= 0 (-204133000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WGS | FAIL (Net margin -23.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RARE | FAIL (FCF <= 0 (-472000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DJT | FAIL (Net margin -28857.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PHVS | FAIL (FCF <= 0 (-137238253)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PGEN | FAIL (FCF <= 0 (-89826000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PENG | PASS | 22.08 | — | — | — | — | — | Passed Stage 2 |
| USAR | FAIL (FCF <= 0 (-86344000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LILA | FAIL (Net margin -2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRVI | FAIL (FCF <= 0 (-42101000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NEOG | FAIL (Net margin -0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HURN | PASS | 47.97 | — | — | — | — | — | Passed Stage 2 |
| VERA | FAIL (FCF <= 0 (-241734000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NWL | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KALU | FAIL (FCF <= 0 (-25500000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCRX | FAIL (Net margin -40.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VISN | FAIL (Rev growth -54.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MRVI | FAIL (FCF <= 0 (-70722000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RNW | FAIL (FCF <= 0 (-77175304000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATRC | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FIVN | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HWKN | PASS | 39.48 | — | — | — | — | — | Passed Stage 2 |
| KOD | FAIL (FCF <= 0 (-136514000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BVC | FAIL (FCF <= 0 (-6498880)) | — | — | — | — | — | — | Rejected (Stage 2) |
| RAPP | FAIL (FCF <= 0 (-88089000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LASR | FAIL (Net margin -4.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HYMC | FAIL (FCF <= 0 (-83438000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAYO | FAIL (P/E 50.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| COHU | FAIL (Net margin -7.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HIMX | FAIL (P/E 68.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| OCUL | FAIL (FCF <= 0 (-216893000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| STNE | FAIL (FCF <= 0 (-28429355)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HUBG | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PENN | FAIL (FCF <= 0 (-139500000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| UFPT | PASS | 45.47 | — | — | — | — | — | Passed Stage 2 |
| EMAT | FAIL (FCF <= 0 (-1328287)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLYW | FAIL (P/E 71.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MFP | FAIL (P/E 102.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| IOSP | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MLYS | FAIL (FCF <= 0 (-142431000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| COAG | FAIL (FCF <= 0 (-61491000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KLRA | FAIL (FCF <= 0 (-122298000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALMR | FAIL (FCF <= 0 (-59992000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NCNO | FAIL (P/E 67.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TILE | PASS | 44.37 | — | — | — | — | — | Passed Stage 2 |
| ADUS | FAIL (ROE 9.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| URGN | FAIL (FCF <= 0 (-162733000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IQMX | FAIL (FCF <= 0 (-68733000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WERN | FAIL (FCF <= 0 (-68534000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HRMY | PASS | 71.5 | PASS | LOW | FAIL | 24.38 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=38.95, low=66.91, med=115.50)) |
| PLUS | FAIL (FCF <= 0 (-120660000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ADMA | PASS | 67.55 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| ANDE | FAIL (FCF <= 0 (-56125000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PTON | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLBL | FAIL (FCF <= 0 (-4982330)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MESO | FAIL (FCF <= 0 (-50684000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MCRI | PASS | 36.66 | — | — | — | — | — | Passed Stage 2 |
| VCEL | FAIL (P/E 90.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ALGT | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| XRAY | FAIL (Net margin -15.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VERX | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RUN | FAIL (FCF <= 0 (-423217000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| XNCR | FAIL (FCF <= 0 (-138267000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DRVN | PASS | 11.92 | — | — | — | — | — | Passed Stage 2 |
| STOK | FAIL (Net margin -753.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| STGW | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AUPH | PASS | 77.18 | PASS | MEDIUM | FAIL | 161.74 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=16.75, low=9.68, med=16.74)) |
| ALKT | FAIL (Net margin -9.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLKB | PASS | 59.81 | — | — | — | — | — | Passed Stage 2 |
| NKTR | FAIL (FCF <= 0 (-208682000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TMC | FAIL (FCF <= 0 (-43096000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARXS | FAIL (P/E 441.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CLOV | FAIL (FCF <= 0 (-68977000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HCM | FAIL (FCF <= 0 (-88805000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NN | FAIL (FCF <= 0 (-50795000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SHAZ | FAIL (FCF <= 0 (-13589659)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NOVTU | FAIL (P/E 87.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZBIO | FAIL (FCF <= 0 (-172351000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMPR | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MLCO | FAIL (ROE -17.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PVLA | FAIL (FCF <= 0 (-25006000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ESTA | FAIL (FCF <= 0 (-57611000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEEL | FAIL (FCF <= 0 (-326891000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NBTX | FAIL (FCF <= 0 (-33968000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PRDO | PASS | 54.87 | — | — | — | — | — | Passed Stage 2 |
| LIND | FAIL (Net margin -2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FLNC | FAIL (FCF <= 0 (-175337000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CHA | PASS | 62.9 | — | — | — | — | — | Passed Stage 2 |
| NVCR | FAIL (FCF <= 0 (-75679000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZD | PASS | 60.83 | — | — | — | — | — | Passed Stage 2 |
| AGIO | FAIL (FCF <= 0 (-377293000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PGNY | PASS | 51.5 | — | — | — | — | — | Passed Stage 2 |
| ZYME | FAIL (FCF <= 0 (-34526000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PLPC | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CMPS | FAIL (FCF <= 0 (-157240000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNXN | PASS | 9.15 | — | — | — | — | — | Passed Stage 2 |
| TYT.L | PASS | 5.15 | — | — | — | — | — | Passed Stage 2 |
| 0R1E.L | PASS | 37.37 | — | — | — | — | — | Passed Stage 2 |
| 0QYR.L | FAIL (ROE 5.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNM.L | PASS | 26.8 | — | — | — | — | — | Passed Stage 2 |
| 0R15.L | FAIL (FCF <= 0 (-2478191000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YXG.L | FAIL (P/E 57.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMSN.L | PASS | 59.81 | — | — | — | — | — | Passed Stage 2 |
| BC94.L | PASS | 59.81 | — | — | — | — | — | Passed Stage 2 |
| SMSD.L | PASS | 59.81 | — | — | — | — | — | Passed Stage 2 |
| RICO.L | FAIL (ROE 7.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAW.L | FAIL (FCF <= 0 (-5541000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I47.L | PASS | 45.04 | — | — | — | — | — | Passed Stage 2 |
| 0QCV.L | FAIL (P/E 74.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QAH.L | FAIL (P/E 124.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JT5.L | FAIL (P/E 54.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YSU.L | PASS | 41.18 | — | — | — | — | — | Passed Stage 2 |
| 0QQ6.L | PASS | 33.96 | — | — | — | — | — | Passed Stage 2 |
| 0R2H.L | PASS | 32.83 | — | — | — | — | — | Passed Stage 2 |
| 0KF5.L | FAIL (P/E 285.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HHR.L | FAIL (P/E 59.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JPO.L | PASS | 45.06 | — | — | — | — | — | Passed Stage 2 |
| 0R0H.L | PASS | 10.32 | — | — | — | — | — | Passed Stage 2 |
| 0GWL.L | PASS | 16.78 | — | — | — | — | — | Passed Stage 2 |
| 0VHA.L | FAIL (P/E 103.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2L.L | PASS | 41.28 | — | — | — | — | — | Passed Stage 2 |
| 0QZO.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HFB.L | PASS | 62.17 | — | — | — | — | — | Passed Stage 2 |
| 0R16.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AZN.L | PASS | 31.33 | — | — | — | — | — | Passed Stage 2 |
| 0HFN.L | PASS | 29.22 | — | — | — | — | — | Passed Stage 2 |
| SHEL.L | PASS | 22.63 | — | — | — | — | — | Passed Stage 2 |
| RIGD.L | FAIL (ROE 7.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2E.L | PASS | 30.56 | — | — | — | — | — | Passed Stage 2 |
| BHP.L | PASS | 32.84 | — | — | — | — | — | Passed Stage 2 |
| 0K80.L | PASS | 16.35 | — | — | — | — | — | Passed Stage 2 |
| 0QZ1.L | PASS | 39.73 | — | — | — | — | — | Passed Stage 2 |
| 0R4M.L | PASS | 74.32 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| 0LCE.L | PASS | 44.47 | — | — | — | — | — | Passed Stage 2 |
| 0L8B.L | PASS | 61.61 | — | — | — | — | — | Passed Stage 2 |
| 0R2P.L | FAIL (Rev growth -11.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0W2Y.L | FAIL (ROE -96.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTE.L | PASS | 15.94 | — | — | — | — | — | Passed Stage 2 |
| 0Y3K.L | PASS | 35.87 | — | — | — | — | — | Passed Stage 2 |
| 0QZA.L | PASS | 18.65 | — | — | — | — | — | Passed Stage 2 |
| 0QZF.L | PASS | 48.69 | — | — | — | — | — | Passed Stage 2 |
| 0R2J.L | PASS | 66.57 | PASS | MEDIUM | FAIL | 83.98 | 1.12:1 | Rejected (Stage 4: Asymmetry 1.1:1 < 2:1 (price=308.03, low=55.06, med=592.15)) |
| 0R2B.L | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KTI.L | PASS | 6.49 | — | — | — | — | — | Passed Stage 2 |
| 0QZU.L | PASS | 30.91 | — | — | — | — | — | Passed Stage 2 |
| 0R29.L | PASS | 39.34 | — | — | — | — | — | Passed Stage 2 |
| 0KFZ.L | PASS | 35.55 | — | — | — | — | — | Passed Stage 2 |
| 0L5N.L | FAIL (P/E 78.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R3E.L | PASS | 32.23 | — | — | — | — | — | Passed Stage 2 |
| 0R2X.L | FAIL (P/E 66.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| RR.L | PASS | 58.16 | — | — | — | — | — | Passed Stage 2 |
| RIO.L | PASS | 22.61 | — | — | — | — | — | Passed Stage 2 |
| 0HJI.L | PASS | 48.03 | — | — | — | — | — | Passed Stage 2 |
| 0JVQ.L | FAIL (ROE -71.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y6X.L | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R1F.L | PASS | 39.77 | — | — | — | — | — | Passed Stage 2 |
| 0R2S.L | PASS | 40.0 | — | — | — | — | — | Passed Stage 2 |
| 0HRS.L | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y0Y.L | PASS | 39.83 | — | — | — | — | — | Passed Stage 2 |
| 0QMU.L | PASS | 22.61 | — | — | — | — | — | Passed Stage 2 |
| 0R2O.L | PASS | 37.07 | — | — | — | — | — | Passed Stage 2 |
| 0JZU.L | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IUC.L | PASS | 22.44 | — | — | — | — | — | Passed Stage 2 |
| 0IR9.L | FAIL (P/E 53.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| HHPD.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BP-A.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2Y.L | PASS | 58.25 | — | — | — | — | — | Passed Stage 2 |
| 0JYA.L | PASS | 20.12 | — | — | — | — | — | Passed Stage 2 |
| ULVR.L | FAIL (Rev growth -16.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K0E.L | FAIL (P/E 54.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LK6.L | PASS | 19.65 | — | — | — | — | — | Passed Stage 2 |
| BP-B.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R28.L | PASS | 36.38 | — | — | — | — | — | Passed Stage 2 |
| 0J1R.L | FAIL (ROE -112.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HRJ.L | PASS | 14.35 | — | — | — | — | — | Passed Stage 2 |
| 0JYW.L | FAIL (ROE -66.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R33.L | PASS | 9.89 | — | — | — | — | — | Passed Stage 2 |
| 0KHZ.L | PASS | 10.74 | — | — | — | — | — | Passed Stage 2 |
| 0L8A.L | FAIL (FCF <= 0 (-3590000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LTG.L | PASS | 31.13 | — | — | — | — | — | Passed Stage 2 |
| 0K34.L | PASS | 52.78 | — | — | — | — | — | Passed Stage 2 |
| 0R0G.L | PASS | 10.33 | — | — | — | — | — | Passed Stage 2 |
| 0HS2.L | FAIL (P/E 65.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0MI0.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R08.L | PASS | 16.55 | — | — | — | — | — | Passed Stage 2 |
| BATS.L | PASS | 15.97 | — | — | — | — | — | Passed Stage 2 |
| 0R2M.L | PASS | 31.63 | — | — | — | — | — | Passed Stage 2 |
| 0KSR.L | FAIL (P/E 68.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QI7.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ID1.L | FAIL (FCF <= 0 (-1672000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LXB.L | PASS | 16.71 | — | — | — | — | — | Passed Stage 2 |
| 0Y7S.L | PASS | 11.85 | — | — | — | — | — | Passed Stage 2 |
| 0R1A.L | PASS | 70.54 | PASS | MEDIUM | FAIL | 22.2 | 0.37:1 | Rejected (Stage 4: Asymmetry 0.4:1 < 2:1 (price=103.14, low=67.42, med=116.44)) |
| 0HG8.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L5V.L | PASS | 43.93 | — | — | — | — | — | Passed Stage 2 |
| 0HYJ.L | PASS | 44.17 | — | — | — | — | — | Passed Stage 2 |
| 0S23.L | PASS | 9.41 | — | — | — | — | — | Passed Stage 2 |
| 0IFA.L | PASS | 31.28 | — | — | — | — | — | Passed Stage 2 |
| 0I1W.L | PASS | 52.03 | — | — | — | — | — | Passed Stage 2 |
| 0J8W.L | PASS | 39.29 | — | — | — | — | — | Passed Stage 2 |
| 0JCT.L | PASS | 50.61 | — | — | — | — | — | Passed Stage 2 |
| BP.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K3H.L | PASS | 43.11 | — | — | — | — | — | Passed Stage 2 |
| 0A3O.L | FAIL (P/E 448.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I58.L | PASS | 39.76 | — | — | — | — | — | Passed Stage 2 |
| 0QZX.L | PASS | 34.27 | — | — | — | — | — | Passed Stage 2 |
| 0K92.L | PASS | 43.02 | — | — | — | — | — | Passed Stage 2 |
| 0LBP.L | FAIL (P/E 92.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IDR.L | PASS | 24.68 | — | — | — | — | — | Passed Stage 2 |
| GSK.L | PASS | 35.17 | — | — | — | — | — | Passed Stage 2 |
| 0K8M.L | PASS | 12.12 | — | — | — | — | — | Passed Stage 2 |
| 0KXO.L | PASS | 54.14 | — | — | — | — | — | Passed Stage 2 |
| 0KAB.L | FAIL (ROE -232.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J5I.L | FAIL (ROE -28.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LD8.L | PASS | 13.81 | — | — | — | — | — | Passed Stage 2 |
| 0P59.L | PASS | 47.76 | — | — | — | — | — | Passed Stage 2 |
| 0HOY.L | PASS | 47.78 | — | — | — | — | — | Passed Stage 2 |
| GLEN.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J51.L | FAIL (ROE 6.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYZ.L | FAIL (FCF <= 0 (-715306388)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Z4I.L | PASS | 42.91 | — | — | — | — | — | Passed Stage 2 |
| 0KW1.L | PASS | 24.13 | — | — | — | — | — | Passed Stage 2 |
| 0JR2.L | PASS | 13.87 | — | — | — | — | — | Passed Stage 2 |
| 0KET.L | FAIL (Rev growth -15.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HEC.L | FAIL (FCF <= 0 (-1639000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LIY.L | PASS | 43.78 | — | — | — | — | — | Passed Stage 2 |
| 0N0B.L | PASS | 22.83 | — | — | — | — | — | Passed Stage 2 |
| 0REK.L | FAIL (ROE -21.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LEF.L | PASS | 41.11 | — | — | — | — | — | Passed Stage 2 |
| 0LD9.L | PASS | 18.22 | — | — | — | — | — | Passed Stage 2 |
| 0HBH.L | FAIL (FCF <= 0 (-3765800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A0H.L | PASS | 34.9 | — | — | — | — | — | Passed Stage 2 |
| 0JVV.L | FAIL (Net margin -230.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HF3.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IZI.L | PASS | 33.73 | — | — | — | — | — | Passed Stage 2 |
| 0RR8.L | PASS | 40.68 | — | — | — | — | — | Passed Stage 2 |
| BA.L | PASS | 21.97 | — | — | — | — | — | Passed Stage 2 |
| 0HWH.L | PASS | 28.31 | — | — | — | — | — | Passed Stage 2 |
| LTOD.L | PASS | 38.16 | — | — | — | — | — | Passed Stage 2 |
| NG.L | FAIL (FCF <= 0 (-3756000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R35.L | FAIL (P/E 180.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KCI.L | PASS | 28.64 | — | — | — | — | — | Passed Stage 2 |
| 0IC9.L | FAIL (FCF <= 0 (-7292000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K9L.L | FAIL (FCF <= 0 (-188000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KAK.L | FAIL (Rev growth -20.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IKW.L | PASS | 38.84 | — | — | — | — | — | Passed Stage 2 |
| 0HTG.L | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0EDE.L | PASS | 21.67 | — | — | — | — | — | Passed Stage 2 |
| 0HF7.L | PASS | 34.97 | — | — | — | — | — | Passed Stage 2 |
| 0QZ4.L | PASS | 42.37 | — | — | — | — | — | Passed Stage 2 |
| 0HYA.L | FAIL (P/E 125.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A28.L | PASS | 55.35 | — | — | — | — | — | Passed Stage 2 |
| 0L5A.L | FAIL (FCF <= 0 (-6047000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPM.L | PASS | 65.46 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| 0R19.L | FAIL (P/E 57.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HJF.L | PASS | 46.5 | — | — | — | — | — | Passed Stage 2 |
| 0IFX.L | PASS | 37.14 | — | — | — | — | — | Passed Stage 2 |
| 0NX2.L | PASS | 57.02 | — | — | — | — | — | Passed Stage 2 |
| CPG.L | FAIL (Rev growth -13.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IW5.L | PASS | 22.66 | — | — | — | — | — | Passed Stage 2 |
| 0HJL.L | FAIL (ROE -80.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HAV.L | FAIL (Rev growth -71.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M1R.L | FAIL (FCF <= 0 (-6825000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYD.L | FAIL (ROE -30.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KXA.L | PASS | 41.63 | — | — | — | — | — | Passed Stage 2 |
| 0HXW.L | PASS | 37.06 | — | — | — | — | — | Passed Stage 2 |
| 0L3H.L | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IHP.L | FAIL (FCF <= 0 (-2790700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J46.L | FAIL (P/E 57.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J6Z.L | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HKE.L | FAIL (P/E 247.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IJN.L | FAIL (FCF <= 0 (-2275000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAL.L | FAIL (Net margin -14.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| REL.L | PASS | 46.09 | — | — | — | — | — | Passed Stage 2 |
| 0KGE.L | PASS | 54.2 | — | — | — | — | — | Passed Stage 2 |
| MHID.L | PASS | 39.85 | — | — | — | — | — | Passed Stage 2 |
| 0Z62.L | FAIL (ROE 5.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0PMJ.L | PASS | 25.8 | — | — | — | — | — | Passed Stage 2 |
| 0I6K.L | PASS | 43.01 | — | — | — | — | — | Passed Stage 2 |
| 0LCX.L | FAIL (Net margin -4.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J8P.L | PASS | 60.47 | — | — | — | — | — | Passed Stage 2 |
| 0LC6.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JDM.L | PASS | 21.02 | — | — | — | — | — | Passed Stage 2 |
| 0A7O.L | FAIL (FCF <= 0 (-112453000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0NMK.L | PASS | 22.87 | — | — | — | — | — | Passed Stage 2 |
| 0QNO.L | FAIL (FCF <= 0 (-204000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R1T.L | PASS | 43.44 | — | — | — | — | — | Passed Stage 2 |
| 0KXM.L | PASS | 47.83 | — | — | — | — | — | Passed Stage 2 |
| 0YAY.L | FAIL (Net margin -147.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ANTO.L | FAIL (FCF <= 0 (-384194888)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QR3.L | FAIL (FCF <= 0 (-3071000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LO3.L | PASS | 46.39 | — | — | — | — | — | Passed Stage 2 |
| 0JVD.L | FAIL (Net margin 0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J4X.L | PASS | 23.71 | — | — | — | — | — | Passed Stage 2 |
| 0K19.L | FAIL (P/E 101.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JQZ.L | FAIL (Rev growth -18.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DGE.L | PASS | 14.27 | — | — | — | — | — | Passed Stage 2 |
| 0I35.L | FAIL (ROE 8.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LIU.L | PASS | 12.74 | — | — | — | — | — | Passed Stage 2 |
| 0M18.L | FAIL (P/E 60.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JTM.L | FAIL (Net margin 1.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JQQ.L | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K6F.L | PASS | 59.41 | — | — | — | — | — | Passed Stage 2 |
| 0JS2.L | FAIL (Net margin 0.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M3Q.L | PASS | 53.25 | — | — | — | — | — | Passed Stage 2 |
| 0LRK.L | PASS | 35.94 | — | — | — | — | — | Passed Stage 2 |
| 0KS2.L | PASS | 9.12 | — | — | — | — | — | Passed Stage 2 |
| 0LQQ.L | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RD1.L | FAIL (P/E 53.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCEP.L | PASS | 15.48 | — | — | — | — | — | Passed Stage 2 |
| 0EV1.L | PASS | 43.82 | — | — | — | — | — | Passed Stage 2 |
| 0NHS.L | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QZP.L | FAIL (ROE -93.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LSL.L | FAIL (FCF <= 0 (-1018700000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QW0.L | PASS | 39.47 | — | — | — | — | — | Passed Stage 2 |
| 0L95.L | FAIL (Net margin 1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LHL.L | PASS | 45.52 | — | — | — | — | — | Passed Stage 2 |
| 0KSA.L | FAIL (P/E 151.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IDU.L | PASS | 61.58 | — | — | — | — | — | Passed Stage 2 |
| 0J8Z.L | PASS | 49.03 | — | — | — | — | — | Passed Stage 2 |
| 0QKI.L | PASS | 41.62 | — | — | — | — | — | Passed Stage 2 |
| 0YP5.L | PASS | 35.2 | — | — | — | — | — | Passed Stage 2 |
| 0KW4.L | PASS | 57.76 | — | — | — | — | — | Passed Stage 2 |
| 0JZ0.L | PASS | 43.5 | — | — | — | — | — | Passed Stage 2 |
| RKT.L | PASS | 31.72 | — | — | — | — | — | Passed Stage 2 |
| 0R1B.L | FAIL (ROE 4.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HLN.L | FAIL (ROE 9.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KKZ.L | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HD2.L | PASS | 31.35 | — | — | — | — | — | Passed Stage 2 |
| 0RPS.L | PASS | 31.09 | — | — | — | — | — | Passed Stage 2 |
| 0HVB.L | FAIL (Net margin -2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QY4.L | PASS | 29.22 | — | — | — | — | — | Passed Stage 2 |
| 0SAN.L | FAIL (P/E 59.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LTI.L | FAIL (P/E 103.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QPS.L | PASS | 41.0 | — | — | — | — | — | Passed Stage 2 |
| 0I50.L | PASS | 84.0 | PASS | LOW | FAIL | 92.03 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=45.86, low=137.37, med=157.98)) |
| 0Z4C.L | PASS | 21.51 | — | — | — | — | — | Passed Stage 2 |
| 0HE2.L | FAIL (FCF <= 0 (-821000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ABJ.L | FAIL (ROE 5.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R07.L | PASS | 62.72 | — | — | — | — | — | Passed Stage 2 |
| 0QIX.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ICP.L | PASS | 36.69 | — | — | — | — | — | Passed Stage 2 |
| 0R23.L | PASS | 22.8 | — | — | — | — | — | Passed Stage 2 |
| 0QZ5.L | PASS | 31.83 | — | — | — | — | — | Passed Stage 2 |
| SSE.L | FAIL (FCF <= 0 (-711800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I8W.L | PASS | 26.35 | — | — | — | — | — | Passed Stage 2 |
| 0KC4.L | FAIL (Rev growth -15.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A0D.L | FAIL (P/E 56.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TSCO.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IFJ.L | FAIL (FCF <= 0 (-715000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VFA.L | PASS | 26.91 | — | — | — | — | — | Passed Stage 2 |
| 0QO1.L | PASS | 49.17 | — | — | — | — | — | Passed Stage 2 |
| 0K10.L | FAIL (ROE -1199.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LXC.L | PASS | 43.78 | — | — | — | — | — | Passed Stage 2 |
| 0M29.L | FAIL (ROE 9.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IP9.L | PASS | 34.53 | — | — | — | — | — | Passed Stage 2 |
| 0QOT.L | PASS | 49.42 | — | — | — | — | — | Passed Stage 2 |
| 0JSY.L | PASS | 7.22 | — | — | — | — | — | Passed Stage 2 |
| 0I77.L | PASS | 31.77 | — | — | — | — | — | Passed Stage 2 |
| 0KEI.L | PASS | 38.81 | — | — | — | — | — | Passed Stage 2 |
| 0J2E.L | FAIL (ROE -473.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JAV.L | FAIL (FCF <= 0 (-997575000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VOD.L | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0TIQ.L | FAIL (ROE -33.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IC8.L | PASS | 48.53 | — | — | — | — | — | Passed Stage 2 |
| 0LD5.L | PASS | 63.23 | — | — | — | — | — | Passed Stage 2 |
| 0IJ2.L | FAIL (FCF <= 0 (-45097000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LOZ.L | FAIL (ROE -39.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IC7.L | PASS | 39.0 | — | — | — | — | — | Passed Stage 2 |
| 0KSX.L | PASS | 17.02 | — | — | — | — | — | Passed Stage 2 |
| 0KEJ.L | FAIL (FCF <= 0 (-1401000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QMW.L | PASS | 22.19 | — | — | — | — | — | Passed Stage 2 |
| 0XVU.L | FAIL (Net margin -2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXPN.L | PASS | 52.79 | — | — | — | — | — | Passed Stage 2 |
| 0HEW.L | FAIL (FCF <= 0 (-1067000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J9P.L | PASS | 47.08 | — | — | — | — | — | Passed Stage 2 |
| 0QRA.L | PASS | 7.86 | — | — | — | — | — | Passed Stage 2 |
| 0LP3.L | FAIL (ROE -212.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HVF.L | FAIL (FCF <= 0 (-2384000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R13.L | PASS | 29.54 | — | — | — | — | — | Passed Stage 2 |
| 0IJR.L | PASS | 28.41 | — | — | — | — | — | Passed Stage 2 |
| 0QKY.L | FAIL (P/E 69.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J71.L | PASS | 12.02 | — | — | — | — | — | Passed Stage 2 |
| 0R1J.L | FAIL (FCF <= 0 (-1802696000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I6Q.L | FAIL (FCF <= 0 (-1002000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TTST.L | PASS | 55.94 | — | — | — | — | — | Passed Stage 2 |
| IHG.L | FAIL (ROE -25.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KS6.L | PASS | 46.01 | — | — | — | — | — | Passed Stage 2 |
| 0JUJ.L | FAIL (Net margin -3.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L2T.L | FAIL (FCF <= 0 (-2401678947000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IPB.L | FAIL (FCF <= 0 (-1005000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRES.L | PASS | 56.54 | — | — | — | — | — | Passed Stage 2 |
| 0LIB.L | PASS | 40.24 | — | — | — | — | — | Passed Stage 2 |
| 0II3.L | PASS | 38.11 | — | — | — | — | — | Passed Stage 2 |
| 0RPZ.L | PASS | 42.36 | — | — | — | — | — | Passed Stage 2 |
| 0K4C.L | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KEZ.L | PASS | 15.53 | — | — | — | — | — | Passed Stage 2 |
| 0L8F.L | FAIL (FCF <= 0 (-831000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KB7.L | FAIL (P/E 93.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M1O.L | FAIL (P/E 56.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SUNB.L | PASS | 16.77 | — | — | — | — | — | Passed Stage 2 |
| 0KTS.L | PASS | 55.02 | — | — | — | — | — | Passed Stage 2 |
| 0R06.L | PASS | 40.08 | — | — | — | — | — | Passed Stage 2 |
| 0A18.L | PASS | 35.91 | — | — | — | — | — | Passed Stage 2 |
| 0HPW.L | PASS | 49.74 | — | — | — | — | — | Passed Stage 2 |
| 0JU0.L | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQ2.L | PASS | 37.51 | — | — | — | — | — | Passed Stage 2 |
| 0QKN.L | PASS | 14.16 | — | — | — | — | — | Passed Stage 2 |
| 0IL6.L | PASS | 52.32 | — | — | — | — | — | Passed Stage 2 |
| 0DH7.L | PASS | 62.87 | — | — | — | — | — | Passed Stage 2 |
| 0R1X.L | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LHR.L | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0UGS.L | PASS | 67.08 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| 0ILW.L | PASS | 39.04 | — | — | — | — | — | Passed Stage 2 |
| 0HR4.L | FAIL (FCF <= 0 (-1589000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L7G.L | PASS | 43.51 | — | — | — | — | — | Passed Stage 2 |
| 0EDD.L | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BT-A.L | PASS | 21.66 | — | — | — | — | — | Passed Stage 2 |
| 0OHK.L | FAIL (ROE 9.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HW4.L | PASS | 35.47 | — | — | — | — | — | Passed Stage 2 |
| 0IRE.L | FAIL (Rev growth -33.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L1G.L | PASS | 34.52 | — | — | — | — | — | Passed Stage 2 |
| 0KBK.L | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0REZ.L | PASS | 25.38 | — | — | — | — | — | Passed Stage 2 |
| 0F0J.L | FAIL (Net margin -4.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| IAG.L | PASS | 69.7 | PASS | LOW | FAIL | 44.8 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=447.90, low=677.08, med=1331.40)) |
| 0K87.L | FAIL (FCF <= 0 (-420000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HQU.L | PASS | 48.3 | — | — | — | — | — | Passed Stage 2 |
| IMB.L | PASS | 44.16 | — | — | — | — | — | Passed Stage 2 |
| 0A1S.L | FAIL (FCF <= 0 (-1447098560)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IUX.L | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KAP.L | PASS | 69.14 | PASS | LOW | FAIL | 25.06 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=72.20, low=215.10, med=247.36)) |
| JAR.L | FAIL (ROE 4.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RFL.L | FAIL (P/E 88.2 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R18.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QM9.L | PASS | 44.79 | — | — | — | — | — | Passed Stage 2 |
| 0YG7.L | PASS | 36.61 | — | — | — | — | — | Passed Stage 2 |
| 0M30.L | PASS | 20.65 | — | — | — | — | — | Passed Stage 2 |
| 0K7U.L | FAIL (ROE 6.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXT.L | PASS | 56.9 | — | — | — | — | — | Passed Stage 2 |
| 0JOI.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K9O.L | FAIL (P/E 65.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QMI.L | PASS | 39.72 | — | — | — | — | — | Passed Stage 2 |
| 0KXS.L | FAIL (FCF <= 0 (-459907000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HDK.L | PASS | 36.91 | — | — | — | — | — | Passed Stage 2 |
| 0RG4.L | PASS | 17.99 | — | — | — | — | — | Passed Stage 2 |
| 0HVD.L | PASS | 16.2 | — | — | — | — | — | Passed Stage 2 |
| 0KBI.L | PASS | 40.34 | — | — | — | — | — | Passed Stage 2 |
| CCH.L | PASS | 24.47 | — | — | — | — | — | Passed Stage 2 |
| 0HL5.L | PASS | 12.39 | — | — | — | — | — | Passed Stage 2 |
| VALT.L | PASS | 56.35 | — | — | — | — | — | Passed Stage 2 |
| 0AHJ.L | PASS | 29.27 | — | — | — | — | — | Passed Stage 2 |
| 0HQW.L | PASS | 21.07 | — | — | — | — | — | Passed Stage 2 |
| 0HCT.L | FAIL (FCF <= 0 (-1314000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QPY.L | PASS | 20.97 | — | — | — | — | — | Passed Stage 2 |
| IPC.L | FAIL (FCF <= 0 (-158804083)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HJR.L | PASS | 22.58 | — | — | — | — | — | Passed Stage 2 |
| 0JVT.L | PASS | 55.26 | — | — | — | — | — | Passed Stage 2 |
| 0GFE.L | FAIL (Net margin -31.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CKI.L | FAIL (Rev growth -11.5% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K6R.L | PASS | 56.95 | — | — | — | — | — | Passed Stage 2 |
| 0I0T.L | FAIL (ROE -889.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y5C.L | PASS | 43.63 | — | — | — | — | — | Passed Stage 2 |
| 0IJO.L | PASS | 69.86 | PASS | MEDIUM | PASS | 33.86 | 3.21:1 | Candidate |
| 0J1G.L | FAIL (P/E 99.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HBQ.L | FAIL (ROE 8.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RQO.L | FAIL (P/E 70.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JZS.L | PASS | 41.58 | — | — | — | — | — | Passed Stage 2 |
| 0JZ1.L | FAIL (ROE -406.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HGC.L | PASS | 45.57 | — | — | — | — | — | Passed Stage 2 |
| 0L9E.L | FAIL (ROE 6.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HHB.L | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I3I.L | FAIL (P/E 61.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABF.L | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LF0.L | PASS | 13.89 | — | — | — | — | — | Passed Stage 2 |
| 0L7F.L | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HC7.L | FAIL (P/E 277.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IPD.L | PASS | 45.04 | — | — | — | — | — | Passed Stage 2 |
| 0LFS.L | PASS | 24.8 | — | — | — | — | — | Passed Stage 2 |
| 0ITV.L | PASS | 40.79 | — | — | — | — | — | Passed Stage 2 |
| 0KHE.L | FAIL (P/E 59.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R0A.L | PASS | 52.32 | — | — | — | — | — | Passed Stage 2 |
| HLMA.L | PASS | 42.71 | — | — | — | — | — | Passed Stage 2 |
| 0R0U.L | PASS | 36.25 | — | — | — | — | — | Passed Stage 2 |
| 0J3K.L | PASS | 58.84 | — | — | — | — | — | Passed Stage 2 |
| 0HOU.L | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HTF.L | PASS | 42.69 | — | — | — | — | — | Passed Stage 2 |
| 0QK8.L | FAIL (Net margin -9.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KYGA.L | PASS | 12.96 | — | — | — | — | — | Passed Stage 2 |
| 0Y9S.L | PASS | 53.42 | — | — | — | — | — | Passed Stage 2 |
| 0V1L.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I4X.L | PASS | 21.87 | — | — | — | — | — | Passed Stage 2 |
| 0NIQ.L | FAIL (P/E 86.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HCB.L | PASS | 17.74 | — | — | — | — | — | Passed Stage 2 |
| 0KGH.L | PASS | 54.78 | — | — | — | — | — | Passed Stage 2 |
| 0J5Z.L | FAIL (ROE 5.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HQ3.L | PASS | 40.16 | — | — | — | — | — | Passed Stage 2 |
| 0I3Q.L | FAIL (P/E 237.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I0J.L | FAIL (ROE -1893.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A37.L | PASS | 17.06 | — | — | — | — | — | Passed Stage 2 |
| 0J2O.L | PASS | 66.45 | PASS | MEDIUM | FAIL | 36.26 | 0.18:1 | Rejected (Stage 4: Asymmetry 0.2:1 < 2:1 (price=106.88, low=20.58, med=122.13)) |
| 0TZZ.L | FAIL (P/E 84.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HI3.L | FAIL (Net margin -47.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAF.L | PASS | 57.5 | — | — | — | — | — | Passed Stage 2 |
| S32.L | FAIL (P/E 54.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0XNH.L | PASS | 51.57 | — | — | — | — | — | Passed Stage 2 |
| 0I7E.L | FAIL (ROE -123.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HCK.L | PASS | 32.45 | — | — | — | — | — | Passed Stage 2 |
| 0HNC.L | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EDV.L | PASS | 42.74 | — | — | — | — | — | Passed Stage 2 |
| 0KIZ.L | PASS | 5.92 | — | — | — | — | — | Passed Stage 2 |
| 0J76.L | PASS | 35.06 | — | — | — | — | — | Passed Stage 2 |
| 0JWC.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INF.L | FAIL (P/E 53.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VGE.L | PASS | 22.12 | — | — | — | — | — | Passed Stage 2 |
| 0R3I.L | FAIL (FCF <= 0 (-3569000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y5X.L | PASS | 45.18 | — | — | — | — | — | Passed Stage 2 |
| 0KIT.L | FAIL (FCF <= 0 (-819523000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYN.L | PASS | 30.6 | — | — | — | — | — | Passed Stage 2 |
| 0LJL.L | PASS | 47.38 | — | — | — | — | — | Passed Stage 2 |
| 0F4O.L | FAIL (P/E 55.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R86.L | PASS | 43.94 | — | — | — | — | — | Passed Stage 2 |
| UU.L | FAIL (FCF <= 0 (-110200000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L3C.L | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RNQ.L | FAIL (P/E 57.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IQE.L | PASS | 36.18 | — | — | — | — | — | Passed Stage 2 |
| 0HKF.L | FAIL (FCF <= 0 (-93885000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JDI.L | FAIL (FCF <= 0 (-320027000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYK.L | FAIL (ROE -174.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HI1.L | FAIL (FCF <= 0 (-37205000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A1K.L | FAIL (FCF <= 0 (-2988901000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0V9D.L | FAIL (FCF <= 0 (-77752000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RDI.L | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QMR.L | FAIL (P/E 50.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0MKP.L | PASS | 53.23 | — | — | — | — | — | Passed Stage 2 |
| 0I14.L | FAIL (P/E 57.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYL.L | PASS | 50.06 | — | — | — | — | — | Passed Stage 2 |
| 0LPE.L | FAIL (Net margin -0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QJV.L | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QM4.L | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DPLM.L | FAIL (P/E 52.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0H6G.L | FAIL (FCF <= 0 (-1623000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L77.L | FAIL (ROE 5.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LVK.L | FAIL (FCF <= 0 (-530000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KTW.L | PASS | 32.41 | — | — | — | — | — | Passed Stage 2 |
| 0KDI.L | PASS | 17.63 | — | — | — | — | — | Passed Stage 2 |
| 0QVR.L | FAIL (Net margin 3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SGE.L | PASS | 54.67 | — | — | — | — | — | Passed Stage 2 |
| SVT.L | FAIL (FCF <= 0 (-972000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WISE.L | PASS | 65.89 | PASS | LOW | FAIL | 21.69 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=961.40, low=2895.60, med=3329.94)) |
| 0HJH.L | PASS | 48.19 | — | — | — | — | — | Passed Stage 2 |
| 0HTQ.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RPY.L | PASS | 36.42 | — | — | — | — | — | Passed Stage 2 |
| 0K2K.L | FAIL (Net margin -20.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HGV.L | FAIL (FCF <= 0 (-353576000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SN.L | PASS | 46.34 | — | — | — | — | — | Passed Stage 2 |
| BNZL.L | PASS | 16.54 | — | — | — | — | — | Passed Stage 2 |
| ITRK.L | PASS | 19.92 | — | — | — | — | — | Passed Stage 2 |
| 0HOT.L | PASS | 40.28 | — | — | — | — | — | Passed Stage 2 |
| 0JS0.L | FAIL (FCF <= 0 (-137400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RKL.L | FAIL (P/E 100.0 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0SGO.L | FAIL (ROE -23.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RTO.L | FAIL (ROE 5.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A39.L | PASS | 54.39 | — | — | — | — | — | Passed Stage 2 |
| 0U6C.L | PASS | 34.66 | — | — | — | — | — | Passed Stage 2 |
| 0L7A.L | PASS | 44.12 | — | — | — | — | — | Passed Stage 2 |
| 0KSJ.L | PASS | 21.53 | — | — | — | — | — | Passed Stage 2 |
| 0GBU.L | PASS | 55.99 | — | — | — | — | — | Passed Stage 2 |
| 0RDH.L | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K2F.L | FAIL (ROE 5.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JHU.L | FAIL (P/E negative or zero (-7.3)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0H9N.L | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IQC.L | FAIL (FCF <= 0 (-437000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IF3.L | FAIL (ROE 7.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MKS.L | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KE0.L | FAIL (FCF <= 0 (-780300000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RA9.L | FAIL (FCF <= 0 (-162231000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0GXK.L | PASS | 24.1 | — | — | — | — | — | Passed Stage 2 |
| 0K3B.L | FAIL (FCF <= 0 (-534600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0UC3.L | FAIL (FCF <= 0 (-1169860000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IIW.L | FAIL (ROE -17.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0CX9.L | FAIL (FCF <= 0 (-130000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SMIN.L | PASS | 37.3 | — | — | — | — | — | Passed Stage 2 |
| 0I2P.L | FAIL (Net margin -17.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WEIR.L | PASS | 17.57 | — | — | — | — | — | Passed Stage 2 |
| IMI.L | PASS | 40.54 | — | — | — | — | — | Passed Stage 2 |
| SBRY.L | FAIL (Net margin 1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0I5O.L | PASS | 21.25 | — | — | — | — | — | Passed Stage 2 |
| PSON.L | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HAL.L | FAIL (FCF <= 0 (-140948000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ITS.L | PASS | 25.72 | — | — | — | — | — | Passed Stage 2 |
| 0VBE.L | PASS | 67.8 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| 0HST.L | PASS | 14.8 | — | — | — | — | — | Passed Stage 2 |
| CNA.L | PASS | 16.92 | — | — | — | — | — | Passed Stage 2 |
| MTLN.L | FAIL (FCF <= 0 (-241673000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RTK.L | FAIL (ROE 9.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HOB.L | FAIL (ROE -229.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JSJ.L | FAIL (ROE 7.1% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQ0.L | FAIL (ROE 6.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MRO.L | FAIL (ROE 5.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KDH.L | FAIL (FCF <= 0 (-284675000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JTQ.L | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LF5.L | PASS | 54.67 | — | — | — | — | — | Passed Stage 2 |
| 0QO7.L | FAIL (FCF <= 0 (-312632000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LJQ.L | FAIL (FCF <= 0 (-70152999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GAW.L | PASS | 49.64 | — | — | — | — | — | Passed Stage 2 |
| 0I0H.L | FAIL (FCF <= 0 (-1023000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VL5.L | PASS | 33.79 | — | — | — | — | — | Passed Stage 2 |
| 0HE6.L | FAIL (FCF <= 0 (-680000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JXD.L | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0GMG.L | FAIL (Rev growth -25.3% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R0P.L | FAIL (P/E 77.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0V9N.L | PASS | 25.54 | — | — | — | — | — | Passed Stage 2 |
| 0QOW.L | FAIL (Net margin -40.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QND.L | FAIL (FCF <= 0 (-48202000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K1G.L | FAIL (Net margin -13.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HYI.L | PASS | 59.01 | — | — | — | — | — | Passed Stage 2 |
| 0KGS.L | PASS | 70.32 | PASS | MEDIUM | FAIL | 50.2 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=33.52, low=33.66, med=102.39)) |
| GLB.L | PASS | 27.7 | — | — | — | — | — | Passed Stage 2 |
| 0UU0.L | FAIL (FCF <= 0 (-133117999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QLQ.L | PASS | 29.32 | — | — | — | — | — | Passed Stage 2 |
| CCC.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DCC.L | FAIL (Net margin 0.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R30.L | FAIL (Net margin 2.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQ9.L | PASS | 43.46 | — | — | — | — | — | Passed Stage 2 |
| BAB.L | PASS | 43.11 | — | — | — | — | — | Passed Stage 2 |
| 0QOA.L | PASS | 28.51 | — | — | — | — | — | Passed Stage 2 |
| SPX.L | PASS | 33.52 | — | — | — | — | — | Passed Stage 2 |
| 0LK3.L | PASS | 21.4 | — | — | — | — | — | Passed Stage 2 |
| KGF.L | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HDY.L | FAIL (FCF <= 0 (-424702000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J4L.L | FAIL (FCF <= 0 (-169000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYM.L | PASS | 56.5 | — | — | — | — | — | Passed Stage 2 |
| 0RCW.L | PASS | 8.18 | — | — | — | — | — | Passed Stage 2 |
| 0QW8.L | PASS | 42.06 | — | — | — | — | — | Passed Stage 2 |
| 0JZH.L | PASS | 33.43 | — | — | — | — | — | Passed Stage 2 |
| 0HK4.L | FAIL (FCF <= 0 (-1643000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KAN.L | PASS | 52.3 | — | — | — | — | — | Passed Stage 2 |
| 0EEI.L | FAIL (ROE 7.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EZJ.L | PASS | 54.59 | — | — | — | — | — | Passed Stage 2 |
| 0V50.L | FAIL (P/E 50.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HDU.L | PASS | 40.57 | — | — | — | — | — | Passed Stage 2 |
| 0VAG.L | FAIL (P/E 87.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VCO.L | PASS | 48.29 | — | — | — | — | — | Passed Stage 2 |
| 0HC3.L | FAIL (FCF <= 0 (-339000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K3S.L | FAIL (Rev growth -10.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J9J.L | FAIL (Net margin -7.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HUR.L | FAIL (Net margin -12.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QYE.L | PASS | 7.67 | — | — | — | — | — | Passed Stage 2 |
| 0HP1.L | PASS | 40.53 | — | — | — | — | — | Passed Stage 2 |
| 0JDO.L | FAIL (P/E 53.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0VOA.L | PASS | 79.04 | PASS | MEDIUM | FAIL | 132.72 | 0.3:1 | Rejected (Stage 4: Asymmetry 0.3:1 < 2:1 (price=35.97, low=13.08, med=42.94)) |
| CRDA.L | FAIL (P/E 61.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RG6.L | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R32.L | PASS | 32.63 | — | — | — | — | — | Passed Stage 2 |
| 0OCD.L | PASS | 61.68 | — | — | — | — | — | Passed Stage 2 |
| GGP.L | PASS | 42.08 | — | — | — | — | — | Passed Stage 2 |
| 0URY.L | FAIL (FCF <= 0 (-118644000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RV0.L | PASS | 43.83 | — | — | — | — | — | Passed Stage 2 |
| 0VOU.L | FAIL (Net margin -20.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J4G.L | FAIL (Net margin -3.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QM5.L | PASS | 42.36 | — | — | — | — | — | Passed Stage 2 |
| 50GP.L | FAIL (P/E 61.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2C.L | FAIL (FCF <= 0 (-116606135)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTRW.L | FAIL (ROE 2.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTEC.L | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RNX.L | PASS | 37.53 | — | — | — | — | — | Passed Stage 2 |
| 0QVE.L | FAIL (Net margin 1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KX9.L | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RHU.L | PASS | 19.04 | — | — | — | — | — | Passed Stage 2 |
| HWDN.L | PASS | 35.94 | — | — | — | — | — | Passed Stage 2 |
| 0KJD.L | FAIL (ROE -53.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITH.L | PASS | 39.26 | — | — | — | — | — | Passed Stage 2 |
| AUTO.L | PASS | 52.15 | — | — | — | — | — | Passed Stage 2 |
| 0KJZ.L | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQE.L | FAIL (Net margin 1.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPP.L | FAIL (Net margin -1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QK5.L | FAIL (P/E 53.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBY.L | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0MGH.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WTB.L | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LF8.L | FAIL (Net margin 2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ROG.L | PASS | 25.61 | — | — | — | — | — | Passed Stage 2 |
| JD.L | PASS | 47.11 | — | — | — | — | — | Passed Stage 2 |
| 0QWN.L | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LJE.L | PASS | 44.31 | — | — | — | — | — | Passed Stage 2 |
| 0VQA.L | FAIL (FCF <= 0 (-278685000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SCT.L | PASS | 55.43 | — | — | — | — | — | Passed Stage 2 |
| 0KZA.L | PASS | 35.69 | — | — | — | — | — | Passed Stage 2 |
| 0QNM.L | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ROR.L | PASS | 46.46 | — | — | — | — | — | Passed Stage 2 |
| BRBY.L | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Z1Q.L | FAIL (Net margin -2.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QZ2.L | FAIL (P/E 97.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSN.L | FAIL (FCF <= 0 (-12000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HRR.L | FAIL (FCF <= 0 (-41000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HBR.L | FAIL (ROE 9.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RMV.L | PASS | 55.92 | — | — | — | — | — | Passed Stage 2 |
| 0RJ6.L | PASS | 25.46 | — | — | — | — | — | Passed Stage 2 |
| MNDI.L | FAIL (Net margin -3.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SEPL.L | PASS | 67.25 | PASS | LOW | FAIL | 43.98 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=627.99, low=1947.00, med=2239.05)) |
| RSW.L | FAIL (P/E 50.7 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R8S.L | FAIL (ROE 9.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ZEG.L | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ZC0.L | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0NEX.L | FAIL (FCF <= 0 (-90247000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KJQ.L | FAIL (Net margin -3.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0JSC.L | FAIL (ROE -52.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0FH7.L | FAIL (P/E 83.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRAS.L | FAIL (FCF <= 0 (-179300000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IPT.L | FAIL (Rev growth -82.9% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0SOM.L | FAIL (Net margin 0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KGY.L | FAIL (ROE 6.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0L45.L | FAIL (Net margin 2.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HOC.L | PASS | 65.64 | PASS | LOW | PASS | 151.03 | 28.99:1 | Candidate |
| 0QJS.L | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RS1.L | PASS | 15.48 | — | — | — | — | — | Passed Stage 2 |
| 0KEQ.L | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HIK.L | PASS | 15.44 | — | — | — | — | — | Passed Stage 2 |
| ENT.L | FAIL (Net margin -11.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RF7.L | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K9W.L | PASS | 38.17 | — | — | — | — | — | Passed Stage 2 |
| 0RU5.L | FAIL (FCF <= 0 (-126504000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BKG.L | FAIL (ROE 8.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0O80.L | FAIL (ROE 6.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LID.L | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0EE0.L | FAIL (FCF <= 0 (-178402000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QQN.L | PASS | 45.17 | — | — | — | — | — | Passed Stage 2 |
| 0QQO.L | PASS | 36.9 | — | — | — | — | — | Passed Stage 2 |
| 0JDK.L | FAIL (FCF <= 0 (-336244000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0N08.L | FAIL (Net margin -37.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0YQA.L | PASS | 46.99 | — | — | — | — | — | Passed Stage 2 |
| 0QYY.L | FAIL (Rev growth -13.8% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0ILL.L | PASS | 26.88 | — | — | — | — | — | Passed Stage 2 |
| 0Q92.L | FAIL (FCF <= 0 (-1342298000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QNH.L | PASS | 31.39 | — | — | — | — | — | Passed Stage 2 |
| 0EAQ.L | FAIL (Rev growth -22.6% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K50.L | PASS | 34.51 | — | — | — | — | — | Passed Stage 2 |
| 0YU1.L | FAIL (Net margin -17.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RQH.L | FAIL (Net margin 2.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J86.L | FAIL (FCF <= 0 (-3454000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0IJW.L | FAIL (P/E 70.6 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TW.L | FAIL (ROE 6.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A0C.L | FAIL (FCF <= 0 (-559582000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CWK.L | PASS | 30.14 | — | — | — | — | — | Passed Stage 2 |
| 0HGM.L | FAIL (Net margin -1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| INCH.L | FAIL (Net margin 2.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0UWL.L | PASS | 28.75 | — | — | — | — | — | Passed Stage 2 |
| JMAT.L | FAIL (Net margin -0.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HC2.L | PASS | 42.45 | — | — | — | — | — | Passed Stage 2 |
| JET2.L | PASS | 36.83 | — | — | — | — | — | Passed Stage 2 |
| PAF.L | FAIL (FCF <= 0 (-3760000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0KTF.L | PASS | 25.6 | — | — | — | — | — | Passed Stage 2 |
| 0S9E.L | PASS | 26.76 | — | — | — | — | — | Passed Stage 2 |
| 0ROQ.L | FAIL (P/E 153.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| ITV.L | PASS | 13.93 | — | — | — | — | — | Passed Stage 2 |
| 0HWG.L | FAIL (Net margin -5.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CAN.L | FAIL (Net margin -0.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| QQ.L | PASS | 34.23 | — | — | — | — | — | Passed Stage 2 |
| 0LWH.L | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LB2.L | FAIL (Net margin -13.2% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MTO.L | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0H9G.L | FAIL (FCF <= 0 (-298000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0LEE.L | PASS | 45.17 | — | — | — | — | — | Passed Stage 2 |
| 0K7J.L | FAIL (Net margin -3.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DRX.L | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0A05.L | PASS | 46.01 | — | — | — | — | — | Passed Stage 2 |
| TKO.L | FAIL (FCF <= 0 (-281523057)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SRP.L | PASS | 38.82 | — | — | — | — | — | Passed Stage 2 |
| 0EOF.L | FAIL (FCF <= 0 (-152820000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BME.L | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0TMV.L | FAIL (ROE 7.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BWY.L | FAIL (ROE 4.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0O1S.L | FAIL (Net margin 2.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0HKD.L | FAIL (FCF <= 0 (-996000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TATE.L | FAIL (ROE 6.2% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0M6I.L | PASS | 33.61 | — | — | — | — | — | Passed Stage 2 |
| 0QMS.L | PASS | 48.36 | — | — | — | — | — | Passed Stage 2 |
| 0QLW.L | FAIL (Net margin 0.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0J5H.L | FAIL (P/E 68.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QLN.L | FAIL (Net margin -13.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QK3.L | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HILS.L | PASS | 41.09 | — | — | — | — | — | Passed Stage 2 |
| 0I4A.L | FAIL (Net margin -10.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QNJ.L | PASS | 41.51 | — | — | — | — | — | Passed Stage 2 |
| 0ZPV.L | FAIL (ROE 8.7% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RNT.L | PASS | 40.0 | — | — | — | — | — | Passed Stage 2 |
| PNN.L | FAIL (FCF <= 0 (-253300000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0OA4.L | PASS | 61.9 | — | — | — | — | — | Passed Stage 2 |
| 0HQ7.L | PASS | 42.7 | — | — | — | — | — | Passed Stage 2 |
| 0I8F.L | FAIL (Net margin -15.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ETL.L | FAIL (FCF <= 0 (-5600000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R53.L | FAIL (Net margin 0.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0R2I.L | FAIL (FCF <= 0 (-162163000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0QAG.L | FAIL (Net margin 1.7% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0K1R.L | FAIL (FCF <= 0 (-277364000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GNC.L | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RKK.L | PASS | 74.95 | PASS | LOW | FAIL | 31.61 | — | Rejected (Stage 4: Asymmetry 0.0:1 < 2:1 (price=26.57, low=36.09, med=81.15)) |
| HTWS.L | FAIL (P/E 133.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| MGNS.L | PASS | 54.66 | — | — | — | — | — | Passed Stage 2 |
| OCDO.L | FAIL (Net margin -14.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFTU.L | FAIL (ROE 8.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0RQE.L | FAIL (FCF <= 0 (-875722000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KLR.L | PASS | 26.49 | — | — | — | — | — | Passed Stage 2 |
| 0Z0F.L | FAIL (FCF <= 0 (-6283000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0Y5E.L | FAIL (Net margin -41.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| 0NLY.L | FAIL (FCF <= 0 (-117956000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LLY.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MU.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) |
| SHOP.TO | FAIL (P/E 103.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| CSCO.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SPCX.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENB-PFA.TO | PASS | 6.12 | — | — | — | — | — | Passed Stage 2 |
| ENB-PN.TO | PASS | 6.18 | — | — | — | — | — | Passed Stage 2 |
| AEM.TO | PASS | 66.5 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| ENB-PT.TO | PASS | 6.34 | — | — | — | — | — | Passed Stage 2 |
| ENB.TO | PASS | 6.49 | — | — | — | — | — | Passed Stage 2 |
| ENB-PA.TO | PASS | 6.62 | — | — | — | — | — | Passed Stage 2 |
| CNQ.TO | PASS | 28.15 | — | — | — | — | — | Passed Stage 2 |
| CP.TO | FAIL (ROE 8.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABX.TO | PASS | 65.21 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| SU.TO | PASS | 20.87 | — | — | — | — | — | Passed Stage 2 |
| CNR.TO | PASS | 19.46 | — | — | — | — | — | Passed Stage 2 |
| TRP-PD.TO | PASS | 9.68 | — | — | — | — | — | Passed Stage 2 |
| WPM.TO | PASS | 65.46 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| TRP.TO | PASS | 10.17 | — | — | — | — | — | Passed Stage 2 |
| IMO.TO | PASS | 16.88 | — | — | — | — | — | Passed Stage 2 |
| CVE.TO | PASS | 16.84 | — | — | — | — | — | Passed Stage 2 |
| ATD.TO | PASS | 24.28 | — | — | — | — | — | Passed Stage 2 |
| FNV.TO | FAIL (FCF <= 0 (-715306388)) | — | — | — | — | — | — | Rejected (Stage 2) |
| L.TO | PASS | 23.72 | — | — | — | — | — | Passed Stage 2 |
| CSU.TO | PASS | 48.72 | — | — | — | — | — | Passed Stage 2 |
| AVGO.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCO.TO | FAIL (P/E 180.8 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| TRI.TO | PASS | 33.24 | — | — | — | — | — | Passed Stage 2 |
| WCN.TO | PASS | 12.11 | — | — | — | — | — | Passed Stage 2 |
| K.TO | PASS | 74.93 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| DOL.TO | PASS | 53.32 | — | — | — | — | — | Passed Stage 2 |
| CLS.TO | PASS | 59.79 | — | — | — | — | — | Passed Stage 2 |
| TECK-B.TO | FAIL (FCF <= 0 (-1018000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NTR.TO | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TECK-A.TO | FAIL (FCF <= 0 (-1018000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ENB-PFK.TO | PASS | 16.22 | — | — | — | — | — | Passed Stage 2 |
| FM.TO | FAIL (Net margin -1.4% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL-PC.TO | PASS | 19.06 | — | — | — | — | — | Passed Stage 2 |
| PPL-PA.TO | PASS | 19.13 | — | — | — | — | — | Passed Stage 2 |
| QSR.TO | PASS | 24.93 | — | — | — | — | — | Passed Stage 2 |
| FTS.TO | FAIL (FCF <= 0 (-2172000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL.TO | PASS | 19.33 | — | — | — | — | — | Passed Stage 2 |
| WN.TO | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| PPL-PQ.TO | PASS | 19.76 | — | — | — | — | — | Passed Stage 2 |
| QSP-UN.TO | PASS | 25.47 | — | — | — | — | — | Passed Stage 2 |
| MRV.TO | PASS | 29.1 | — | — | — | — | — | Passed Stage 2 |
| LUN.TO | PASS | 56.45 | — | — | — | — | — | Passed Stage 2 |
| H.TO | FAIL (FCF <= 0 (-275000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PAAS.TO | PASS | 62.39 | — | — | — | — | — | Passed Stage 2 |
| BBD-B.TO | FAIL (ROE -93.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBD-A.TO | FAIL (ROE -93.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CDE.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BCE.TO | PASS | 35.42 | — | — | — | — | — | Passed Stage 2 |
| BCE-PY.TO | PASS | 35.72 | — | — | — | — | — | Passed Stage 2 |
| BCE-PA.TO | PASS | 35.79 | — | — | — | — | — | Passed Stage 2 |
| RCI-B.TO | PASS | 49.64 | — | — | — | — | — | Passed Stage 2 |
| RCI-A.TO | PASS | 49.89 | — | — | — | — | — | Passed Stage 2 |
| LUG.TO | PASS | 76.82 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| WSP.TO | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MG.TO | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BIP-UN.TO | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OVV.TO | FAIL (ROE 8.3% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TOU.TO | FAIL (P/E 63.5 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| AGI.TO | PASS | 67.08 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| GIB-A.TO | PASS | 35.32 | — | — | — | — | — | Passed Stage 2 |
| EDV.TO | PASS | 36.14 | — | — | — | — | — | Passed Stage 2 |
| RBA.TO | FAIL (ROE 8.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMA.TO | FAIL (FCF <= 0 (-1730000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| WCP.TO | PASS | 23.36 | — | — | — | — | — | Passed Stage 2 |
| PDI.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| T.TO | FAIL (Net margin -4.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GFL.TO | FAIL (Net margin -3.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARX.TO | PASS | 52.56 | — | — | — | — | — | Passed Stage 2 |
| MRU.TO | PASS | 22.1 | — | — | — | — | — | Passed Stage 2 |
| HBM.TO | PASS | 29.34 | — | — | — | — | — | Passed Stage 2 |
| CGG.TO | PASS | 72.04 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| EMA-PC.TO | FAIL (FCF <= 0 (-1730000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IVN.TO | FAIL (FCF <= 0 (-477477696)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEP-PM.TO | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| IMG.TO | PASS | 45.06 | — | — | — | — | — | Passed Stage 2 |
| GMIN.TO | PASS | 42.07 | — | — | — | — | — | Passed Stage 2 |
| TIH.TO | PASS | 36.59 | — | — | — | — | — | Passed Stage 2 |
| ALA.TO | FAIL (FCF <= 0 (-344000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SAP.TO | FAIL (Net margin 2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCL-A.TO | PASS | 32.59 | — | — | — | — | — | Passed Stage 2 |
| CCL-B.TO | PASS | 32.68 | — | — | — | — | — | Passed Stage 2 |
| WN-PA.TO | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EQX.TO | FAIL (FCF <= 0 (-6696206)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFII.TO | PASS | 24.22 | — | — | — | — | — | Passed Stage 2 |
| DPM.TO | PASS | 57.53 | — | — | — | — | — | Passed Stage 2 |
| AG.TO | PASS | 52.54 | — | — | — | — | — | Passed Stage 2 |
| QBR-A.TO | PASS | 55.49 | — | — | — | — | — | Passed Stage 2 |
| QBR-B.TO | PASS | 55.62 | — | — | — | — | — | Passed Stage 2 |
| ELD.TO | FAIL (FCF <= 0 (-195406848)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EMA-PH.TO | FAIL (FCF <= 0 (-1730000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GIL.TO | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEP-UN.TO | FAIL (FCF <= 0 (-5184190692)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATRL.TO | FAIL (ROE 7.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEY.TO | PASS | 27.63 | — | — | — | — | — | Passed Stage 2 |
| CS.TO | PASS | 22.32 | — | — | — | — | — | Passed Stage 2 |
| ATZ.TO | PASS | 45.13 | — | — | — | — | — | Passed Stage 2 |
| BIP-PE.TO | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| FTT.TO | PASS | 11.19 | — | — | — | — | — | Passed Stage 2 |
| STN.TO | PASS | 47.62 | — | — | — | — | — | Passed Stage 2 |
| TPX-B.TO | FAIL (Net margin -20.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SSRM.TO | PASS | 22.03 | — | — | — | — | — | Passed Stage 2 |
| CAE.TO | FAIL (ROE 5.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EFN.TO | FAIL (FCF <= 0 (-222347000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTO.TO | PASS | 30.51 | — | — | — | — | — | Passed Stage 2 |
| EMP-A.TO | FAIL (Net margin 0.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CU.TO | FAIL (P/E 327.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| SOBO.TO | FAIL (Rev growth -24.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| DSV.TO | PASS | 33.85 | — | — | — | — | — | Passed Stage 2 |
| CPX.TO | FAIL (P/E 122.1 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NXE.TO | FAIL (FCF <= 0 (-77752000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TFPM.TO | PASS | 37.62 | — | — | — | — | — | Passed Stage 2 |
| OR.TO | PASS | 39.01 | — | — | — | — | — | Passed Stage 2 |
| BBD-PB.TO | FAIL (ROE -93.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTC-A.TO | PASS | — | — | — | — | — | — | Passed Stage 2 |
| OGC.TO | PASS | 76.45 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| DSG.TO | PASS | 35.17 | — | — | — | — | — | Passed Stage 2 |
| SCR.TO | FAIL (Rev growth -10.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BLCO.TO | FAIL (FCF <= 0 (-66000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PSK.TO | FAIL (ROE 9.5% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| MAU.TO | FAIL (FCF <= 0 (-395580712)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CTC.TO | PASS | 1.05 | — | — | — | — | — | Passed Stage 2 |
| AC.TO | FAIL (Net margin 1.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| OTEX.TO | PASS | 33.96 | — | — | — | — | — | Passed Stage 2 |
| PRU.TO | PASS | 31.77 | — | — | — | — | — | Passed Stage 2 |
| BBUC.TO | FAIL (Net margin -2.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| APTX.TO | FAIL (ROE -279.6% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ACO-X.TO | FAIL (ROE 3.9% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KNT.TO | PASS | 48.31 | — | — | — | — | — | Passed Stage 2 |
| WFG.TO | FAIL (FCF <= 0 (-315000000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| GRGD.TO | PASS | 67.7 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| EIF.TO | FAIL (FCF <= 0 (-80365000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BBD-PC.TO | FAIL (ROE -93.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BEPC.TO | FAIL (FCF <= 0 (-888675530)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TXG.TO | PASS | 33.8 | — | — | — | — | — | Passed Stage 2 |
| BIPC.TO | FAIL (Net margin -9.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AQN-PA.TO | FAIL (FCF <= 0 (-181421235)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NGEX.TO | FAIL (FCF <= 0 (-93490190)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CG.TO | PASS | 37.06 | — | — | — | — | — | Passed Stage 2 |
| TVE.TO | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BB.TO | FAIL (P/E 77.9 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| DOO.TO | PASS | 33.23 | — | — | — | — | — | Passed Stage 2 |
| WGX.TO | PASS | 22.45 | — | — | — | — | — | Passed Stage 2 |
| MX.TO | FAIL (Net margin 2.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AQN.TO | FAIL (FCF <= 0 (-181421235)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ARIS.TO | PASS | 28.9 | — | — | — | — | — | Passed Stage 2 |
| SKE.TO | FAIL (FCF <= 0 (-353202000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NG.TO | FAIL (FCF <= 0 (-14028000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| ERO.TO | PASS | 35.48 | — | — | — | — | — | Passed Stage 2 |
| LNR.TO | PASS | 26.16 | — | — | — | — | — | Passed Stage 2 |
| MDA.TO | FAIL (P/E 50.3 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| NPI.TO | FAIL (Net margin -5.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EFR.TO | FAIL (FCF <= 0 (-133117999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TA-PH.TO | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| AYA.TO | FAIL (FCF <= 0 (-4245000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| TA.TO | FAIL (Net margin -1.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| GEI.TO | FAIL (Net margin 1.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WDO.TO | PASS | 78.29 | PASS | MEDIUM | FAIL | 19056.19 | 0.13:1 | Rejected (Stage 4: Asymmetry 0.1:1 < 2:1 (price=36.00, low=11.93, med=39.17)) |
| SNDK.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FVI.TO | PASS | 56.56 | — | — | — | — | — | Passed Stage 2 |
| SEA.TO | FAIL (FCF <= 0 (-152431000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SES.TO | FAIL (Net margin -4.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATH.TO | PASS | 24.83 | — | — | — | — | — | Passed Stage 2 |
| PEY.TO | PASS | 48.09 | — | — | — | — | — | Passed Stage 2 |
| TPZ.TO | PASS | 26.31 | — | — | — | — | — | Passed Stage 2 |
| KXS.TO | PASS | 49.07 | — | — | — | — | — | Passed Stage 2 |
| PPTA.TO | FAIL (FCF <= 0 (-118419999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| DML.TO | FAIL (FCF <= 0 (-118644000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| POU.TO | FAIL (FCF <= 0 (-458800000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| EDR.TO | FAIL (FCF <= 0 (-116606135)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BTE.TO | FAIL (Net margin -195.9% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TKO.TO | FAIL (FCF <= 0 (-282147000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| AAUC.TO | FAIL (Net margin -4.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RUS.TO | PASS | 10.68 | — | — | — | — | — | Passed Stage 2 |
| ALS.TO | PASS | 34.21 | — | — | — | — | — | Passed Stage 2 |
| SVM.TO | FAIL (P/E 97.4 > 50x) | — | — | — | — | — | — | Rejected (Stage 2) |
| IPCO.TO | FAIL (FCF <= 0 (-152212000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CEU.TO | PASS | 19.1 | — | — | — | — | — | Passed Stage 2 |
| SJ.TO | PASS | 18.22 | — | — | — | — | — | Passed Stage 2 |
| PBH.TO | FAIL (FCF <= 0 (-125400000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BDT.TO | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BHC.TO | FAIL (Net margin -10.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| RGSI.TO | FAIL (ROE -96.0% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SGD.TO | FAIL (FCF <= 0 (-58746200)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SXGC.TO | FAIL (FCF <= 0 (-22910122)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MFI.TO | FAIL (Rev growth -20.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EFX.TO | FAIL (Net margin 2.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| HWX.TO | FAIL (Rev growth -17.0% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| BYD.TO | FAIL (Net margin 0.3% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CURA.TO | FAIL (Net margin -2.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| EXE.TO | PASS | 26.46 | — | — | — | — | — | Passed Stage 2 |
| ARE.TO | FAIL (Net margin -1.1% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEEL.TO | FAIL (FCF <= 0 (-347055000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| FRU.TO | PASS | 28.53 | — | — | — | — | — | Passed Stage 2 |
| HPS-A.TO | FAIL (FCF <= 0 (-12484000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| BDGI.TO | PASS | 19.04 | — | — | — | — | — | Passed Stage 2 |
| IE.TO | FAIL (FCF <= 0 (-93202999)) | — | — | — | — | — | — | Rejected (Stage 2) |
| NFI.TO | FAIL (Net margin 1.5% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ATS.TO | FAIL (Net margin 1.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SDE.TO | FAIL (FCF <= 0 (-96468000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| USA.TO | FAIL (FCF <= 0 (-73185000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| PXT.TO | FAIL (Rev growth -17.4% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ABRA.TO | FAIL (FCF <= 0 (-50752849)) | — | — | — | — | — | — | Rejected (Stage 2) |
| VET.TO | FAIL (Net margin -24.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WPK.TO | PASS | 40.04 | — | — | — | — | — | Passed Stage 2 |
| ALK.TO | FAIL (FCF <= 0 (-82594000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CCA.TO | FAIL (Net margin -39.6% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| WTE.TO | FAIL (Rev growth -20.2% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| TVK.TO | PASS | 10.66 | — | — | — | — | — | Passed Stage 2 |
| ERD.TO | FAIL (FCF <= 0 (-4490100)) | — | — | — | — | — | — | Rejected (Stage 2) |
| HMMC.TO | FAIL (FCF <= 0 (-43824460)) | — | — | — | — | — | — | Rejected (Stage 2) |
| MSA.TO | PASS | 68.41 | FAIL | HIGH | FAIL | — | — | Rejected (Stage 4: Failed Stage 3: Tension = HIGH) |
| MTL.TO | FAIL (ROE 9.4% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| VNP.TO | PASS | 29.82 | — | — | — | — | — | Passed Stage 2 |
| NWC.TO | PASS | 40.51 | — | — | — | — | — | Passed Stage 2 |
| IAU.TO | FAIL (FCF <= 0 (-68179899)) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIA.TO | FAIL (FCF <= 0 (-42860000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CNL.TO | FAIL (FCF <= 0 (-41825064)) | — | — | — | — | — | — | Rejected (Stage 2) |
| KEL.TO | FAIL (FCF <= 0 (-49151000)) | — | — | — | — | — | — | Rejected (Stage 2) |
| CJ.TO | FAIL (Rev growth -28.1% < -10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SLS.TO | FAIL (Net margin 0.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| SIS.TO | PASS | 32.17 | — | — | — | — | — | Passed Stage 2 |
| TOY.TO | FAIL (Net margin -4.0% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |
| CIA.TO | FAIL (ROE 6.8% < 10%) | — | — | — | — | — | — | Rejected (Stage 2) |
| ELE.TO | FAIL (FCF <= 0 (0)) | — | — | — | — | — | — | Rejected (Stage 2) |
| LSPD.TO | FAIL (Net margin -7.8% < 3%) | — | — | — | — | — | — | Rejected (Stage 2) |