Director of Research at Valens Research
Robert Spivey is Director of Research at Valens Research. He is actively involved in client-related activities at Valens Research including delivering credit and equity analyses, idea generation across the capital structure based on Uniform Accounting (UAFRS), and managing Valens Research’s analyst team. Spivey also is heavily involved in the development and management of the Valens Research application (app.valens-research.com), a tool Valens has developed to allow investors to integrate the UAFRS framework for investment analysis into their process on a daily basis to improve investment insights and decision making.
In the role of Director of Research, Spivey specializes in Fundamental Equity and Credit Analysis while spearheading the use of Uniform Accounting also known as UAFRS. He also plays a pivotal role in Portfolio Management. He has specialties in Return Driven Strategy, a framework that provide an understanding of what specific types of business activities drive the highest levels of wealth-creation. He has expertise in Performance and Valuation Prime™, Credit Cash Flow Prime™, and CFROI® Frameworks. His specialties include Strategic Valuation and Forensic Statement Risk Analysis.
Spivey has held Assistant Portfolio Manager and Analyst positions and has experience at The Abernathy Group, Legacy Capital Management, Credit Suisse, and Gillette.
Spivey has leveraged his experience on both the buy-side and sell-side of finance and the opportunities he has had to work in both the credit and equity markets to gain a unique perspective of how markets work together and can offer contrary signals. His experience in communicating analysis to some of the largest investment managers in the world, as a generalist analyst at a hedge fund, and to help manage portfolios on the buy-side has helped give him a wide ranging perspective on investing and identifying market mispricings.
Spivey is a member of the CFA Institute. He received a B.S. in Business Administration with a concentration in Finance and a minor in Philosophy from Northeastern University in Boston, MA.
About Valens Research
Valens Research provides regularly updated, economically relevant and reliable corporate performance, equity valuation, and credit analytics by deconstructing and then reassembling each company’s financial statements into Uniform Adjusted Financial Reporting Standards (UAFRS) for each of over 6,000 companies around the world.
The wide range of current and potential clients includes virtually anyone dependent on understanding and analyzing business performance and valuation with comparability, reliability, and accuracy. Valens Research’s disciplined processes and analytics provide a valuable set of data and insights for users of financial statements of all kinds.
Uniform Adjusted Financial Reporting Standards (UAFRS), also known as Uniform Accounting and Uniform Financial Reporting, represent an alternative set of standards for reviewing and analyzing financial statements aimed at creating more reliable and more comparable reports of corporate financial activity. UAFRS identifies more than 130 inconsistencies within GAAP and IFRS financial reporting that cause earnings, the balance sheet, and key financial metrics to be terribly distorted across peers and from year to year within single companies. UAFRS calls for repairing these distortions by adjusting the financials to adhere to one consistent set of accounting standards. This results in comparable and trend-analyzable Uniform EPS, Uniform Earnings, Uniform Assets, and other important metrics of corporate financial activity.