Point FM
PFM Scout

Scout

An AI tool that replaces a team of financial analysts — built for a single-person PE firm.

→ Why it exists

Most funds spend 70 % of their time on screening. I wanted to spend 20 %. So I built Scout — a one-click pipeline that pulls Czech corporate filings, extracts financials, and scores companies against Point FM’s thesis.

→ End-to-end

One click on a company runs a four-step pipeline.

1. Pulls filings from Justice.cz Sbírka listin — preferring complete annual reports, ignoring notarial filings and audit reports.

2. Walks back year-by-year until it has three readable years of financials.

3. Sends PDFs and XMLs (including scans) to Claude Sonnet 4.6 — extracts revenue, EBITDA, net income, assets, equity, headcount.

4. Computes PFM thesis scores, runs DCF, applies sector multiples, returns a fair-value range.

Manual version: 15–20 minutes per company. Scout: 30–90 seconds. A 200-company sector screen used to take three people three weeks. Now I have it by next morning.

→ Worked example: Aukro a.s.

Pulled seven years of filings (2017–2024). Extracted full financial series. Computed PFM scores: Growth 57, Margin 93, Efficiency 95, Stability 60 — Strong Fit against the thesis. DCF with WACC 12.37 % and terminal growth 2.5 %, plus C2C marketplace sector multiples (25 % minority discount), gave a fair-value equity range of CZK 613M – 1B, point estimate CZK 830M.

The 16 % gap between DCF and multiples is itself a signal — peer multiples capture strategic premia (synergies, scale, multi-year visibility) that DCF can’t. Scout flags it and leaves the call to a human.

The most interesting thing it produced unprompted, sourced from its own Knowledge Base:

“AI/agent disruption — purchasing agents may commoditize the browsing/discovery layer of marketplaces in 3–5 years.”

That’s a key risk flag I never put in the prompt. Same for the headcount drop from 40 to 26 while revenue grew, and the missing 2022 data.

→ What Scout doesn’t see

GMV, take rate, unit economics, churn, product roadmap, portfolio synergies. Only the owner sees those.

Scout is a first-pass screening tool, not a final valuation. Insider valuation will always differ. It’s a wide net, not a substitute for ownership-level judgment.

→ Stack

Next.js 16, Supabase (Postgres + pgvector), Claude Sonnet 4.6 for extraction and analysis, OpenAI embeddings for the Knowledge Base, Inngest for background jobs, Vercel hosting. Public sources: ARES v3 and Justice.cz Sbírka listin. Consciously minimal stack — no custom backend.

Currently testing connections to external Polish and Austrian private-company databases. Built with Claude Code as a pair programmer — a tool for AI-driven investing, built by AI-driven coding.

“The first screening of a sector with 200 companies used to take three people three weeks. Now I have it by next morning. It’s not about speed — it’s about how much of the market I can cover as one person.”

— Marek Kříž, founder of Point FM
→ Want it?

Scout was built for Point FM. A few PE firms have asked about access. I haven’t worked out a business model — if you’d find it useful, let’s talk.

marek@pointfm.co