Legal Notice & Disclosures

1. Publisher

Sperio.ai is published by an individual acting in a non-professional capacity, resident in France. Sperio.ai is not a company, has no share capital and is not registered with a trade register.

French law on confidence in the digital economy allows a non-professional publisher to withhold their personal details from the site itself, provided their identity is held by the host. That condition is met: the host named in section 3 holds the publisher's identity. A judicial authority may obtain it from the host.

Director of publication: the publisher, reachable at [email protected].

2. Contact

[email protected] — for legal notices, corrections, takedown requests, and any question about the content or the way it is produced. Corrections to a published figure are welcome and acted on.

3. Hosting

Google Cloud EMEA Limited
70 Sir John Rogerson’s Quay, Dublin 2, D02 R296, Ireland
Cloud Run, region europe-west1 (Belgium)

Cloudflare, Inc.
101 Townsend Street, San Francisco, CA 94107, United States
reverse proxy, DNS and CDN in front of the origin above

4. What this content is

Sperio publishes general commentary on listed companies: valuations, a structured debate between automated agents, and — inside the product — a verdict. It is produced for the public at large.

It is not personalised, and that is a property of how it is built rather than a claim about it. One analysis is produced per company per calendar day and served from cache to everyone who asks for it, so every reader receives the same text. Sperio does not know your financial situation, your objectives, your horizon or your holdings, asks for none of them, and takes none of them into account. Nothing here is a recommendation addressed to you.

The publisher is not a registered investment adviser, not a conseiller en investissements financiers, not a broker and not a licensed professional in any jurisdiction. No advisory or fiduciary relationship is created by using this site. See the Terms & Disclaimer for the full risk warning.

5. How it is produced

Eight automated agents research a company in parallel — quantitative, macro, sector, filings, news, technical, risk — one agent exists only to attack the thesis, and a portfolio manager agent makes the final call. The language models are Google Gemini, run through Vertex AI.

The valuations themselves are computed in Python, not written by a model: earnings power value, a free-cash-flow model, and the Graham Number as an asset cross-check. The agents read those numbers and argue about them; they cannot invent new ones. The valuation frame gives no credit for future growth, which is a deliberate choice and a real limitation: a fast-growing company will almost always look expensive against it.

6. What it refuses to do

When the data cannot support a method, the system returns n/a instead of printing a number anyway. A free-cash-flow valuation on a bank returns n/a. A real-estate trust is measured on funds from operations instead. Erratic earnings mean no PEG ratio. These refusals are visible in the output and are part of the result, not omissions from it.

7. Sources and coverage

Prices and fundamentals from Yahoo Finance via yfinance; filings from the U.S. Securities and Exchange Commission's EDGAR; macroeconomic series from the Federal Reserve Bank of St. Louis (FRED); index membership and sector classification from public reference data. Coverage is limited to constituents of the S&P 500. Third-party data can be wrong or stale, and errors in it propagate into the analysis.

8. Interests and conflicts

The publisher holds no position in any individual security covered by Sperio, and takes none while it is covered.

The publisher does hold broad index funds tracking the S&P 500. These carry indirect exposure to every company in the index, including every company analysed here. That exposure is not selective: it is identical across all constituents, it does not change with any verdict published here, and no verdict can favour it over another.

The publisher receives no compensation, in any form, from any issuer, broker, fund, index provider or third party in connection with this content. No issuer is shown an analysis before publication, and none has any influence over what is published or what it says. There is no sponsored coverage and no paid placement. Sperio is currently free to use; if that changes, this section will say so.

9. Updates, and how conclusions change

Analyses are recomputed as underlying data changes, and conclusions change with them — sometimes sharply, and sometimes within days. A verdict describes what the system computed on the date shown on it and nothing else. Nothing is sent to you when a past conclusion is revised, and no published analysis should be read as a standing position.

10. No performance claim

There is no backtest and no performance claim anywhere on this site. Past conclusions are scored against real prices inside a signed-in account, the wrong ones included, and that record is private to the account holder — it is not a published performance record and is not audited. The oldest recorded conclusion dates from July 2026, which is far too short a period to support any claim about results, and is not offered as one.