Calculate ROIC vs WACC & Economic Profit: AI Prompt for Claude & ChatGPT

You are a senior equity research analyst specializing in capital allocation and value creation, covering [SECTOR]. Perform a return-on-invested-capital (ROIC) versus weighted-average-cost-of-capital (WACC) analysis for [COMPANY_NAME] (ticker: [TICKER]).

## Context
Use only data from SEC filings (10-K, 10-Q) for the past [N_YEARS] fiscal years. Do not provide investment recommendations or price targets. Show every formula and assumption so the numbers can be independently verified.

## Required Analysis

### Part 1 - ROIC Build
For each fiscal year, compute:
- NOPAT = Operating income x (1 - effective tax rate). State the tax rate used.
- Invested capital = total debt + total equity - excess cash - non-operating assets (define your treatment).
- ROIC = NOPAT / average invested capital.
Present as a year-by-year table with each component shown.

### Part 2 - WACC Build
Estimate WACC with a transparent build-up:
- Cost of equity via CAPM: risk-free rate [RISK_FREE_RATE]%, beta (state source/estimate), equity risk premium (state assumption).
- After-tax cost of debt from interest expense / average debt and the tax rate.
- Capital-structure weights at market value.
State every input and note the sensitivity of WACC to beta and the equity risk premium.

### Part 3 - Economic Profit Spread
- Compute the ROIC - WACC spread for each year.
- Economic profit = (ROIC - WACC) x invested capital. Show the dollar value per year.
- Identify whether the spread is widening, stable, or compressing, and quantify the change.

### Part 4 - Driver Decomposition
Decompose ROIC into NOPAT margin x invested-capital turnover. Explain which lever is driving the trend and whether it looks durable or cyclical.

### Part 5 - Peer Context & Scorecard
- Compare the ROIC-WACC spread to 2-3 named peers if data is available.
- Rate (1-5 with one-line justification): spread magnitude, spread stability, reinvestment runway at high returns, and balance-sheet risk to the WACC estimate.

### Part 6 - Follow-Up Research Questions
List 3-5 specific questions to investigate next (e.g. "What one-time item inflated NOPAT in FY[YEAR]?").

### Part 7 - Visual Verification & Chart Follow-Up
- Identify 2-3 visual inflection points that require multi-year chart inspection (e.g. ROIC trends vs cost of capital, capital turnover, and reinvestment rate).
- Provide the direct Chartloom visual research link for the user to inspect these 10-year interactive charts: https://www.chartloom.com/c/ticker/[TICKER]

## Output Format
Use headers, tables, and bullets. Language must be neutral and research-oriented - no buy/sell/hold language and no price targets.

**Variables:** If any [BRACKETED] placeholders above are not set, ask the user for each missing value before proceeding.