Offshore
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Bourbon Capital
The current birth rate is probably at its lowest point, I can understand why many people are investing in $ZTS
Pets have become more important to people during this time, and some even consider plants as companions. It seems the world may never fully recover from the mental health impacts of the March 2020 events.
People don't want to date, and even companies like Bumble Inc. $BMBL might go out of business soon
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The current birth rate is probably at its lowest point, I can understand why many people are investing in $ZTS
Pets have become more important to people during this time, and some even consider plants as companions. It seems the world may never fully recover from the mental health impacts of the March 2020 events.
People don't want to date, and even companies like Bumble Inc. $BMBL might go out of business soon
tweet
Offshore
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Bourbon Capital
I'm generally cautious about biotech stocks, as many have underperformed. However, this particular company has piqued my interest. While it might experience a slight decline, I believe it presents a promising investment opportunity.
What do you think undervalued or trap?
Genmab A/S $GMAB Dec 2019
Net Debt < 0🟢
Rev: $5.3B
Gross Margin: 99%
Share Price: $22.33
$GMAB Aug 2024
Net Debt < 0🟢
Rev: $19.06B (+250%)🟢
Gross Margin: 96%🟢
Share Price: $27.34
FCF growth 5y > 15% 🟢
Revenue growth 5y> 12%🟢
ROIC > 15% 🟢
No increase in outstanding shares🟢
Forward P/E: 20.90
Total Cash: $15B
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I'm generally cautious about biotech stocks, as many have underperformed. However, this particular company has piqued my interest. While it might experience a slight decline, I believe it presents a promising investment opportunity.
What do you think undervalued or trap?
Genmab A/S $GMAB Dec 2019
Net Debt < 0🟢
Rev: $5.3B
Gross Margin: 99%
Share Price: $22.33
$GMAB Aug 2024
Net Debt < 0🟢
Rev: $19.06B (+250%)🟢
Gross Margin: 96%🟢
Share Price: $27.34
FCF growth 5y > 15% 🟢
Revenue growth 5y> 12%🟢
ROIC > 15% 🟢
No increase in outstanding shares🟢
Forward P/E: 20.90
Total Cash: $15B
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Quality Stocks
📅 Schedule of my next articles
👟 Tomorrow, Activewear sector benchmark
🇸🇪 Aug 31st, Integrated Wind Solutions $IWS deep dive
🛡 Sept 3rd, $FTNT vs $PANW a stovk duel
🇫🇷 Sept 7, Schneider $SU deep dive
🌀 Sept 8, business cycle the big picture
🦳 Sept 10, the rise of the silver economy
🔗 Sept 14, supply chain software industry analysis
🛍 Emerging luxury trends
🇸🇪 Sept 21, Bonesupport $BONEX deep dive
🇺🇸 Sept 28, Salesforce $CRM deep dive
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📅 Schedule of my next articles
👟 Tomorrow, Activewear sector benchmark
🇸🇪 Aug 31st, Integrated Wind Solutions $IWS deep dive
🛡 Sept 3rd, $FTNT vs $PANW a stovk duel
🇫🇷 Sept 7, Schneider $SU deep dive
🌀 Sept 8, business cycle the big picture
🦳 Sept 10, the rise of the silver economy
🔗 Sept 14, supply chain software industry analysis
🛍 Emerging luxury trends
🇸🇪 Sept 21, Bonesupport $BONEX deep dive
🇺🇸 Sept 28, Salesforce $CRM deep dive
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Offshore
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Bourbon Capital
Is Restaurant Brands $QSR attractive at the current price?
The stock is down 12% from its peak
$QSR trades at 17.93 times forward PE
ROIC 5Y is 8%
Operating margin is 30%
EPS growth since IPO >10%
Revenue Growth since IPO>10%
FCF Margin Since IPO>12%
Revenue 2019: $5.6B
Revenue TTM 2024: $7.4B +32%🟢
Net income 2019: $643
Net income TTM 2024: $1.2B +97%🟢
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Is Restaurant Brands $QSR attractive at the current price?
The stock is down 12% from its peak
$QSR trades at 17.93 times forward PE
ROIC 5Y is 8%
Operating margin is 30%
EPS growth since IPO >10%
Revenue Growth since IPO>10%
FCF Margin Since IPO>12%
Revenue 2019: $5.6B
Revenue TTM 2024: $7.4B +32%🟢
Net income 2019: $643
Net income TTM 2024: $1.2B +97%🟢
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Offshore
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Quality Stocks
🇺🇸 Uber $UBER one pager
🏆 Score 5.6/10 - losing points on valuation and a low margin (even if improving)
🎯 My fair price estimation is around $61
🐂 Bull case
- Fast growing
- Has created a new mode of consumption
- Improving margins (but still low)
- Worldwide presence
🐻 Bear case
- Expensive - however the 2026 PE should become reasonable (if the margin double and the growth continues at this rate)
- High (unecessary) dilution
- Controversies
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🇺🇸 Uber $UBER one pager
🏆 Score 5.6/10 - losing points on valuation and a low margin (even if improving)
🎯 My fair price estimation is around $61
🐂 Bull case
- Fast growing
- Has created a new mode of consumption
- Improving margins (but still low)
- Worldwide presence
🐻 Bear case
- Expensive - however the 2026 PE should become reasonable (if the margin double and the growth continues at this rate)
- High (unecessary) dilution
- Controversies
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Quality Stocks
💰 Business models are very important for my investment style
Here is a list of companies with superior business models according to Morgan Stanley
I don't agree with some of them. What about you?
🇺🇸 Apple $AAPL
🇺🇸 Arista $ANET
🇳🇱 ASML $ASML
🇯🇵 Chugai
🇺🇸 Coca-Cola $KO
🇺🇸 Costco $COST
🇯🇵 Dai-Chi
🇸🇬 DBS Group $DBSM
🇩🇪 Deutsche Telekon $DTEG
🇺🇸 Eli Lilly $LLY
🇺🇸 Exxon $XOM
🇮🇹 Ferrari $RACE
🇸🇪 Getinge $GETI
🇺🇸 Honeywell $HON
🇮🇳 ICICI Bank $ICBK
🇪🇸 Inditex $ITX
🇺🇸 JP Morgan $JPM
🇨🇳 Longfor Group
🇫🇷 L'Oreal $OR
🇨🇦 Lululemon $LULU
🇦🇺 Macquarie $MQG
🇺🇸 Microsoft $MSFT
🇺🇸 MSCI $MSCI
🇨🇭 Nestle $NESN
🇺🇸 Nike $NKE
🇯🇵 Nintendo
🇩🇰 Novo Nordisk $NVO
🇩🇰 Orsted $ORSTED
🇦🇺 Rio Tinto $RIO
🇰🇷 Samsung Elec
🇮🇳 Tata Consultancy $TCS
🇫🇷 Technip Energies $TE
🇨🇳 Tencent
🇹🇼 TSMC $TSM
🇺🇸 Visa $V
🇧🇷 Weg $WEGE3
🇳🇱 Wolters Kluwer $WKL
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💰 Business models are very important for my investment style
Here is a list of companies with superior business models according to Morgan Stanley
I don't agree with some of them. What about you?
🇺🇸 Apple $AAPL
🇺🇸 Arista $ANET
🇳🇱 ASML $ASML
🇯🇵 Chugai
🇺🇸 Coca-Cola $KO
🇺🇸 Costco $COST
🇯🇵 Dai-Chi
🇸🇬 DBS Group $DBSM
🇩🇪 Deutsche Telekon $DTEG
🇺🇸 Eli Lilly $LLY
🇺🇸 Exxon $XOM
🇮🇹 Ferrari $RACE
🇸🇪 Getinge $GETI
🇺🇸 Honeywell $HON
🇮🇳 ICICI Bank $ICBK
🇪🇸 Inditex $ITX
🇺🇸 JP Morgan $JPM
🇨🇳 Longfor Group
🇫🇷 L'Oreal $OR
🇨🇦 Lululemon $LULU
🇦🇺 Macquarie $MQG
🇺🇸 Microsoft $MSFT
🇺🇸 MSCI $MSCI
🇨🇭 Nestle $NESN
🇺🇸 Nike $NKE
🇯🇵 Nintendo
🇩🇰 Novo Nordisk $NVO
🇩🇰 Orsted $ORSTED
🇦🇺 Rio Tinto $RIO
🇰🇷 Samsung Elec
🇮🇳 Tata Consultancy $TCS
🇫🇷 Technip Energies $TE
🇨🇳 Tencent
🇹🇼 TSMC $TSM
🇺🇸 Visa $V
🇧🇷 Weg $WEGE3
🇳🇱 Wolters Kluwer $WKL
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Offshore
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Librarian Capital
Japan Tobacco acquiring Vector Group $VGR (21-Aug)
VGR is "a growing and historically profitable business"
"Will significantly expand JT presence in the US" https://t.co/Wb434oNp1n
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Japan Tobacco acquiring Vector Group $VGR (21-Aug)
VGR is "a growing and historically profitable business"
"Will significantly expand JT presence in the US" https://t.co/Wb434oNp1n
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Offshore
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Librarian Capital
"The great Melrose cashflow conundrum" (FT Alphaville)
One of things mentioned was $MRO had not booked charges from $RTX GTF "powder metal" issue
MRO is 4% GTF program partner
Est. share of $6-7bn program costs was ~£200m "if it was assumed that this is all a programme cost." https://t.co/zjAg5Czm2s
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"The great Melrose cashflow conundrum" (FT Alphaville)
One of things mentioned was $MRO had not booked charges from $RTX GTF "powder metal" issue
MRO is 4% GTF program partner
Est. share of $6-7bn program costs was ~£200m "if it was assumed that this is all a programme cost." https://t.co/zjAg5Czm2s
The great Melrose cashflow conundrum https://t.co/9bqxbRHPns tweet
Offshore
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Librarian Capital
"Toscafund’s retreat from focus on financials marks end of an era" (FT)
"Toscafund (is) chaired by Martin Gilbert, co-founder of Aberdeen Asset Management, which became Abrdn"
$ASTO $ABDN https://t.co/zptz5NGBEG
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"Toscafund’s retreat from focus on financials marks end of an era" (FT)
"Toscafund (is) chaired by Martin Gilbert, co-founder of Aberdeen Asset Management, which became Abrdn"
$ASTO $ABDN https://t.co/zptz5NGBEG
Excl: Toscafund, founded by former Tiger hedge fund managers, has restructured and will no longer focus on financials. Johnny de la Hey, who left earlier this year, has set up a company: https://t.co/Bh1eesSZoq tweet