Offshore
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Dalius - Special Sits
Interesting pitch from @CapitalVoss on $ECN.TO
Cyclically challenged loan origination company with a potential catalyst in the form of a 20% shareholder’s standstill agreement expiring, after which they may push for strategic alts.
For more, check out the comments. https://t.co/EE75tRGYDW
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Interesting pitch from @CapitalVoss on $ECN.TO
Cyclically challenged loan origination company with a potential catalyst in the form of a 20% shareholder’s standstill agreement expiring, after which they may push for strategic alts.
For more, check out the comments. https://t.co/EE75tRGYDW
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Offshore
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Gainify
INTERESTING FACT: $NVDA = $4.24T Market Cap
The next 14 largest semiconductor giants combined = $4.23T
$NVDA = $AVGO + $TSM + $ASML + $AMD + $TXN + $QCOM + $ARM + $MU + $AMAT + $LRCX + $ADI + $KLAC + $INTC + $NXPI
NVIDIA alone is now worth more than the rest of the industry’s top 14 put together.
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INTERESTING FACT: $NVDA = $4.24T Market Cap
The next 14 largest semiconductor giants combined = $4.23T
$NVDA = $AVGO + $TSM + $ASML + $AMD + $TXN + $QCOM + $ARM + $MU + $AMAT + $LRCX + $ADI + $KLAC + $INTC + $NXPI
NVIDIA alone is now worth more than the rest of the industry’s top 14 put together.
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Offshore
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Aadit Sheth
RT @EHuanglu: nano banana is so crazy..
but Higgsfield make it even better, edit images with precise control, turn to video, make character sing.. all together
andd.. rumours say that demon hunters were generated using Higgsfield
9 examples: https://t.co/0MG5QVbwsK
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RT @EHuanglu: nano banana is so crazy..
but Higgsfield make it even better, edit images with precise control, turn to video, make character sing.. all together
andd.. rumours say that demon hunters were generated using Higgsfield
9 examples: https://t.co/0MG5QVbwsK
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Offshore
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Reactions Videos
Tyrese it’s one of those days God is doing it /// reaction meme https://t.co/WU0UL6TZq9
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Tyrese it’s one of those days God is doing it /// reaction meme https://t.co/WU0UL6TZq9
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Offshore
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Dimitry Nakhla | Babylon Capital®
A quality valuation analysis on $INTU 🧘🏽♂️
•NTM P/E Ratio: 28.78x
•10-Year Mean: 33.53x
•NTM FCF Yield: 3.72%
•10-Year Mean: 3.67%
As you can see, $INTU appears to be trading somewhere below fair value & near fair value
Going forward, investors can receive ~16% MORE in earnings per share & about the same in FCF per share 🧠***
Before we get into valuation, let’s take a look at why $INTU is a good business
BALANCE SHEET✅
•Cash & Short-Term Inv: $4.55B
•Long-Term Debt: $5.97B
$INTU has a strong balance sheet, an A- S&P Credit Rating & 25x FFO Interest Coverage
RETURN ON CAPITAL✅
•2020: 25.2%
•2021: 19.7%
•2022: 10.7%
•2023: 13.1%
•2024: 15.4%
•2025: 18.8%
RETURN ON EQUITY✅
•2020: 41.2%
•2021: 27.5%
•2022: 15.7%
•2023: 14.1%
•2024: 16.6%
•2025: 20.3%
$INTU has strong return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2015: $4.19B
•2025: $18.83B
•CAGR: 16.21%
FREE CASH FLOW✅
•2015: $1.45B
•2025: $6.08B
•CAGR: 15.41%
NORMALIZED EPS✅
•2015: $2.59
•2025: $20.15
•CAGR: 22.77%
PAID DIVIDENDS✅
•2015: $1.00
•2025: $4.16
•CAGR: 15.32%
SHARE BUYBACKS🆗
•2015 Shares Outstanding: 286M
•LTM Shares Outstanding: 283M
MARGINS✅
•LTM Gross Margins: 80.4%
•LTM Operating Margins: 26.2%
•LTM Net Income Margins: 20.5%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~16% MORE in EPS & about the same in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $INTU has to grow earnings at a 14.39% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2026 - 2028 EPS growth over the next few years to be just about the (14.39%) required growth rate:
2026E: $23.18 (15.0% YoY) *FY Jul
2027E: $26.43 (14.0% YoY)
2028E: $30.35 (14.8% YoY)
$INTU has a great track record of meeting analyst estimates ~2 years out, but let’s assume $INTU ends 2028 with $30.35 in EPS & see its CAGR potential assuming different multiples:
32x P/E: $971.20💵 … ~14.4% CAGR
31x P/E: $940.85💵 … ~13.2% CAGR
30x P/E: $910.50💵 … ~11.9% CAGR
29x P/E: $880.15💵 … ~10.6% CAGR
28x P/E: $849.80💵 … ~9.3% CAGR
While it’s certainly reasonable for $INTU to trade for 32x, I wouldn’t want to rely on that assumption as it doesn’t leave us with a substantial margin of safety
Yet, given its quality, moat, predictability, & growth rate, I am comfortable relying on 28x - 30x multiple, making $INTU a good consideration today at $667💵
I consider $INTU a strong purchase with a substantial margin of safety closer to $610💵, or ~26.35x NTM earnings (~8.5% below todays price)
Given today’s estimates, at $610💵 I can reasonably expect ~11% CAGR while assuming an attractive & fairly conservative 27x multiple
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 ⻑[...]
A quality valuation analysis on $INTU 🧘🏽♂️
•NTM P/E Ratio: 28.78x
•10-Year Mean: 33.53x
•NTM FCF Yield: 3.72%
•10-Year Mean: 3.67%
As you can see, $INTU appears to be trading somewhere below fair value & near fair value
Going forward, investors can receive ~16% MORE in earnings per share & about the same in FCF per share 🧠***
Before we get into valuation, let’s take a look at why $INTU is a good business
BALANCE SHEET✅
•Cash & Short-Term Inv: $4.55B
•Long-Term Debt: $5.97B
$INTU has a strong balance sheet, an A- S&P Credit Rating & 25x FFO Interest Coverage
RETURN ON CAPITAL✅
•2020: 25.2%
•2021: 19.7%
•2022: 10.7%
•2023: 13.1%
•2024: 15.4%
•2025: 18.8%
RETURN ON EQUITY✅
•2020: 41.2%
•2021: 27.5%
•2022: 15.7%
•2023: 14.1%
•2024: 16.6%
•2025: 20.3%
$INTU has strong return metrics, highlighting the financial efficiency of the business
REVENUES✅
•2015: $4.19B
•2025: $18.83B
•CAGR: 16.21%
FREE CASH FLOW✅
•2015: $1.45B
•2025: $6.08B
•CAGR: 15.41%
NORMALIZED EPS✅
•2015: $2.59
•2025: $20.15
•CAGR: 22.77%
PAID DIVIDENDS✅
•2015: $1.00
•2025: $4.16
•CAGR: 15.32%
SHARE BUYBACKS🆗
•2015 Shares Outstanding: 286M
•LTM Shares Outstanding: 283M
MARGINS✅
•LTM Gross Margins: 80.4%
•LTM Operating Margins: 26.2%
•LTM Net Income Margins: 20.5%
***NOW TO VALUATION 🧠
As stated above, investors can expect to receive ~16% MORE in EPS & about the same in FCF per share
Using Benjamin Graham’s 2G rule of thumb, $INTU has to grow earnings at a 14.39% CAGR over the next several years to justify its valuation
Today, analysts anticipate 2026 - 2028 EPS growth over the next few years to be just about the (14.39%) required growth rate:
2026E: $23.18 (15.0% YoY) *FY Jul
2027E: $26.43 (14.0% YoY)
2028E: $30.35 (14.8% YoY)
$INTU has a great track record of meeting analyst estimates ~2 years out, but let’s assume $INTU ends 2028 with $30.35 in EPS & see its CAGR potential assuming different multiples:
32x P/E: $971.20💵 … ~14.4% CAGR
31x P/E: $940.85💵 … ~13.2% CAGR
30x P/E: $910.50💵 … ~11.9% CAGR
29x P/E: $880.15💵 … ~10.6% CAGR
28x P/E: $849.80💵 … ~9.3% CAGR
While it’s certainly reasonable for $INTU to trade for 32x, I wouldn’t want to rely on that assumption as it doesn’t leave us with a substantial margin of safety
Yet, given its quality, moat, predictability, & growth rate, I am comfortable relying on 28x - 30x multiple, making $INTU a good consideration today at $667💵
I consider $INTU a strong purchase with a substantial margin of safety closer to $610💵, or ~26.35x NTM earnings (~8.5% below todays price)
Given today’s estimates, at $610💵 I can reasonably expect ~11% CAGR while assuming an attractive & fairly conservative 27x multiple
___
𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 ⻑[...]