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Iqra Saifi
Veo-3 fast on @GeminiApp ๐ŸŽง

"A hyper-realistic, intimate portrait of a woman playing a sitar in a lavish, traditional Indian palace room, illuminated by a dramatic shaft of light.",

"mood": "Serene, contemplative, soulful, regal, timeless.",

"camera": "Slow, Graceful Arc",

"lens": "85mm Prime Lens",

"aperture": "f/2.0",

"position": "Starts at a medium close-up, focused on the woman's face from a three-quarter angle.",

"movement": "An extremely slow, smooth camera arc to the left, subtly revealing more of the room and the instrument over the 8-second duration. The movement is almost imperceptible, enhancing the tranquil mood."

},

"environment": {

"location": "An opulent, private chamber in an Indian haveli or palace.",

"details": "The woman is seated on a low, cushioned divan adorned with silk bolsters. The floor is covered by a hyper-detailed Persian rug. To the side, a traditional brass hookah and a vase with peacock feathers are visible. Heavy, ornate brocade curtains frame a large, arched window.",

"window": "The window features intricate 'jali' latticework, through which the main light source enters.",

"atmosphere": "The air is filled with visible, volumetric light rays from the window. A high-resolution particle simulation of fine, golden dust motes dances slowly in the light shaft."

},

"lighting": {

"primary_source": {

"type": "Direct Sunlight through Jali Window",

"position": "High and to the side, creating a dramatic, focused beam of light.",

"color_temperature": "4200K (Warm, late afternoon golden light)",

"intensity": "High contrast, creating strong highlights on the subject and casting deep, soft shadows in the rest of the room."

},

"fill_light": {

"type": "Ambient Bounce",

"source": "Reflected light from the rich red and gold textiles and dark wood surfaces.",

"color": "Warm, deep amber.",

"intensity": "Low, to preserve the dramatic mood while ensuring details in the shadows are still visible."

}

},

"main_subject": {

"character": {

"description": "A graceful Indian woman in her late twenties, with an expression of serene concentration.",

"attire": "A magnificent, deep orange and red silk saree with intricate gold Zari embroidery. She is adorned with traditional jewelry: layered pearl and gold necklaces, elaborate earrings (Jhumkas), and delicate anklets with tiny bells (Ghungroo).",

"action": "She is seated in a classic posture, holding a sitar. Her fingers move with practiced elegance along the frets and strings."

},

"instrument": {

"type": "A traditional Indian Sitar.",

"details": "The instrument is rendered with hyper-realistic PBR materials, showing the fine grain of the polished wood, the metallic sheen of the strings, and the intricate mother-of-pearl inlay work."

}

},

"animation": {

"primary_action": "The woman's fingers glide and press upon the sitar's strings in a slow, expressive melody. Her right hand gracefully strums the strings in a continuous, flowing motion.",

"character_animation": "Her head is tilted slightly, and her eyes are looking towards the window, as if lost in the music. Her chest rises and falls with gentle, deep breaths. At 5.0s, a subtle, serene smile touches her lips.",

"subtle_effects": "The dust motes swirl gently in the shaft of light. A single, loose strand of her hair moves slightly from an imperceptible draft. The fabric of her saree shimmers as her body moves."

},

"audio_design": {

"style": "Immersive, intimate, and deeply melodic.",

"timeline": [

{

"time": "0.0s - 8.0s",

"sound": "The clear, rich, and resonant sound of a solo sitar playing a slow, contemplative, and beautiful classical Indian raga."

},

{

"time": "Throughout",

"sound": "The subtle, high-fidelity sounds of fingers sliding on metal strings and the soft percussive tap of the mizrab (plectrum)."
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Gainify
HEAD-TO-HEAD: $NVDA vs. $AMD both trading under 40x forward P/E.

Which one are you backing here? https://t.co/YjVeVr8Dnj
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Andrew Sather
RT @IFB_podcast: What is Return on Equity or ROE?

Quick explainer to break it down. https://t.co/7k7XUoyAb6
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Dimitry Nakhla | Babylon Capitalยฎ
RT @DimitryNakhla: A quality valuation analysis on $SNPS ๐Ÿง˜๐Ÿฝโ€โ™‚๏ธ

โ€ขNTM P/E Ratio: 30.84x
โ€ข5-Year Mean: 37.80x

โ€ขNTM FCF Yield: 2.42%
โ€ข5-Year Mean: 2.67%

As you can see, $SNPS appears to be trading somewhere below fair value & near fair value

Going forward, investors can receive ~22% MORE in earnings per share & ~9% LESS in FCF per share ๐Ÿง ***

Before we get into valuation, letโ€™s take a look at why $SNPS is a good business

BALANCE SHEET๐Ÿ†—
โ€ขCash & Short-Term Inv: $2.59B
โ€ขLong-Term Debt: $14.32B

$SNPS has a good balance sheet & 5.38x FFO Interest Coverage

RETURN ON CAPITALโœ…โžก๏ธ๐Ÿ†—
โ€ข2020: 11.8%
โ€ข2021: 12.9%
โ€ข2022: 18.7%
โ€ข2023: 19.3%
โ€ข2024: 14.0%
โ€ขLTM: 2.6%

RETURN ON EQUITYโœ…โžก๏ธ๐Ÿ†—
โ€ข2020: 14.7%
โ€ข2021: 14.8%
โ€ข2022: 17.8%
โ€ข2023: 20.7%
โ€ข2024: 18.6%
โ€ขLTM: 6.5%

$SNPS had stronger return metrics, but they decreased in the LTM due to the Ansys acquisition (to be expected)

REVENUESโœ…
โ€ข2019: $3.36B
โ€ข2024: $6.13B
โ€ขCAGR: 12.77%

FREE CASH FLOWโœ…
โ€ข2019: $602.38M
โ€ข2024: $1.28B
โ€ขCAGR: 16.34%

*FCF revised down in 2025 to $954.74M, with 2026E at $2.04B

NORMALIZED EPSโœ…
โ€ข2019: $4.56
โ€ข2024: $13.20
โ€ขCAGR: 23.68%

SHARE BUYBACKSโŒ
โ€ข2019 Shares Outstanding: 154.19M
โ€ขLTM Shares Outstanding: 157.68M

MARGINSโœ…
โ€ขLTM Gross Margins: 81.1%
โ€ขLTM Operating Margins: 17.2%
โ€ขLTM Net Income Margins: 18.1%

***NOW TO VALUATION ๐Ÿง 

As stated above, investors can expect to receive ~22% MORE in EPS & ~9% LESS in FCF per share

Using Benjamin Grahamโ€™s 2G rule of thumb, $SNPS has to grow earnings at a 15.42% CAGR over the next several years to justify its valuation

Today, analysts anticipate 2025 - 2028 EPS growth over the next few years to be more than the (15.42%) required growth rate:

2025E: $12.82 (-3% YoY) *FY Oct

2026E: $14.02 (9% YoY)
2027E: $17.10 (22% YoY)
2028E: $20.17 (18% YoY)

$SNPS had a great track record of meeting analyst estimates ~2 years out, so letโ€™s assume $SNPS ends 2028 with $20.17 in EPS & see its CAGR potential assuming different multiples:

32x P/E: $645.44๐Ÿ’ต โ€ฆ ~17.6% CAGR

31x P/E: $625.27๐Ÿ’ต โ€ฆ ~16.4% CAGR

30x P/E: $605.10๐Ÿ’ต โ€ฆ ~15.2% CAGR

29x P/E: $584.93๐Ÿ’ต โ€ฆ ~14.0% CAGR

28x P/E: $564.76๐Ÿ’ต โ€ฆ ~12.7% CAGR

27x P/E: $544.59๐Ÿ’ต โ€ฆ ~11.4% CAGR

Given its quality, moat, predictability, & growth rate, I am comfortable relying on a ~28x multiple, making $SNPS a great consideration today at $387๐Ÿ’ต

$SNPS will thrive as AI and tech advancements drive chip demand, boosting the need for its cutting-edge semiconductor design software that helps create faster, smarter chips, among other things

Of course recent downward revisions impose a level of skepticism over the short-term, however EDA (75% of revenue) continues to be a strong segment, growing +23% YoY in its latest Q3 report

I consider $SNPS a strong purchase with a substantial margin of safety closer to $350๐Ÿ’ต, or ~27x NTM earnings (~10% below todays price)

Given todayโ€™s estimates, at $350๐Ÿ’ต I can reasonably expect ~13.7% CAGR while assuming an attractive & conservative 26x multiple
___

๐ƒ๐ˆ๐’๐‚๐‹๐Ž๐’๐”๐‘๐„โ€ผ๏ธ: ๐“๐ก๐ข๐ฌ ๐ข๐ฌ ๐๐Ž๐“ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐€๐๐ฏ๐ข๐œ๐ž. ๐๐š๐›๐ฒ๐ฅ๐จ๐ง ๐‚๐š๐ฉ๐ข๐ญ๐š๐ฅยฎ ๐š๐ง๐ ๐ข๐ญ๐ฌ ๐ซ๐ž๐ฉ๐ซ๐ž๐ฌ๐ž๐ง๐ญ๐š๐ญ๐ข๐ฏ๐ž๐ฌ ๐ฆ๐š๐ฒ ๐ก๐š๐ฏ๐ž ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐ฌ๐ž๐œ๐ฎ๐ซ๐ข๐ญ๐ข๐ž๐ฌ ๐๐ข๐ฌ๐œ๐ฎ๐ฌ๐ฌ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ฐ๐ž๐ž๐ญ.

๐“๐ก๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐œ๐จ๐ง๐ญ๐š๐ข๐ง๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ฐ๐ž๐ž๐ญ ๐ข๐ฌ ๐ข๐ง๐ญ๐ž๐ง๐๐ž๐ ๐Ÿ๐จ๐ซ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฉ๐ฎ๐ซ๐ฉ๐จ๐ฌ๐ž๐ฌ ๐จ๐ง๐ฅ๐ฒ ๐š๐ง๐ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ง๐จ๐ญ ๐›๐ž ๐œ๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐ž๐ ๐š๐ฌ ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐š๐๐ฏ๐ข๐œ๐ž ๐ญ๐จ ๐ฆ๐ž๐ž๐ญ ๐ญ๐ก๐ž ๐ฌ๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐ง๐ž๐ž๐๐ฌ ๐จ๐Ÿ ๐š๐ง๐ฒ ๐ข๐ง๐๐ข๐ฏ๐ข๐๐ฎ๐š๐ฅ ๐จ๐ซ ๐ฌ๐ข๐ญ๐ฎ๐š๐ญ๐ข๐จ๐ง. ๐๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐š๐ง๐œ๐ž ๐ข๐ฌ ๐ง๐จ ๐ ๐ฎ๐š๐ซ๐š๐ง๐ญ๐ž๐ž ๐จ๐Ÿ ๐Ÿ๐ฎ๐ญ๐ฎ๐ซ๐ž ๐ซ๐ž๐ฌ๐ฎ๐ฅ๐ญ๐ฌ.

๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐œ๐จ๐ง๐ญ๐š๐ข๐ง๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ญ๐ฐ๐ž๐ž๐ญ ๐ก๐š๐ฌ ๐›๐ž๐ž๐ง ๐จ๐›๐ญ๐š๐ข๐ง๐ž๐ ๐Ÿ๐ซ๐จ๐ฆ ๐ฌ๐จ๐ฎ๐ซ๐œ๐ž๐ฌ ๐›๐ž๐ฅ๐ข๐ž๐ฏ๐ž๐ ๐ญ๐จ ๐›๐ž ๐ซ๐ž๐ฅ๐ข๐š๐›๐ฅ๐ž, ๐›๐ฎ๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐ ๐ฎ๐š๐ซ๐š๐ง๐ญ๏ฟฝ[...]
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Dimitry Nakhla | Babylon Capitalยฎ RT @DimitryNakhla: A quality valuation analysis on $SNPS ๐Ÿง˜๐Ÿฝโ€โ™‚๏ธ โ€ขNTM P/E Ratio: 30.84x โ€ข5-Year Mean: 37.80x โ€ขNTM FCF Yield: 2.42% โ€ข5-Year Mean: 2.67% As you can see, $SNPS appears to be trading somewhere below fair valueโ€ฆ
๏ฟฝ๐ž๐ ๐š๐ฌ ๐ญ๐จ ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž๐ง๐ž๐ฌ๐ฌ ๐จ๐ซ ๐š๐œ๐œ๐ฎ๐ซ๐š๐œ๐ฒ.
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mrfieldgeneral sad crying heartbroken /// reaction meme https://t.co/0pctzq2O5v
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Iqra Saifi
Veo-3 fast on Flow ๐Ÿงข

"A hyper-realistic, surreal transition. The shot begins on a detailed pencil sketch of a superhero on a piece of paper, which then comes to life, bursting from the page into a fully-realized, three-dimensional world.", "mood": "Epic, powerful, heroic, awe-inspiring, magical.", "style": "Cinematic realism, photorealistic CGI, 8K resolution, combining the aesthetics of comic book art and a blockbuster superhero film." }, "camera": { "type": "Static, Overhead Shot", "lens": "50mm Macro Lens", "aperture": "f/4.0", "position": "Starts directly overhead, looking down at a piece of drawing paper on a wooden artist's desk.", "movement": "No physical camera movement. The transition and animation create the sense of dynamic action." }, "environment": { "initial_location": "An artist's messy but organized drafting table.", "initial_details": "The paper is a high-quality, textured drawing paper. Surrounding the main drawing are various drafting pencils, erasers, and architectural rulers. The desk has a warm, wooden grain.", "final_location": "A war-torn, destroyed urban environment, seen only from the ground up as the character lands.", "final_details": "The ground is cracked asphalt littered with small chunks of concrete and rebar. The transition happens so quickly that the final environment is only glimpsed." }, "lighting": { "initial_lighting": { "type": "Soft, Diffused Studio Light", "position": "From the side.", "color_temperature": "5000K (Neutral white)", "intensity": "Evenly illuminates the drawing paper." }, "transition_lighting": { "type": "Magical, Emissive Light", "source": "Emanates from the drawing itself.", "color": "Bright, heroic blue and white.", "intensity": "Grows rapidly, overpowering the studio light, casting dynamic shadows from the pencils on the desk." }, "final_lighting": { "type": "Dramatic, Late-Afternoon Sun", "position": "Low in the sky, casting long shadows in the final environment." } }, "main_subject": { "form": "Captain America, as depicted in the provided image.", "sketch_version": "A highly-detailed, photorealistic pencil sketch with visible texturing, cross-hatching, and smudging. The background is an architectural blueprint of a city map.", "real_version": "A hyper-realistic 3D model with incredible detail. His suit has PBR materials showing the texture of the fabric, the scuffed leather of his boots and gloves, and the battle-worn, scratched surface of his vibranium shield." }, "animation": { "transition_effect": "A '2D to 3D' transformation.", "action_sequence": [ { "time": "0.0s - 2.0s", "action": "The camera holds on the static drawing. A faint, blue energy starts to glow from the lines of the sketch." }, { "time": "2.1s - 4.0s", "action": "The energy intensifies. The pencil lines begin to lift off the page as 3D particles. The character's arm and shield begin to materialize, pushing upwards from the paper's surface." }, { "time": "4.1s - 6.0s", "action": "In a burst of energy and shattering pencil particles, the fully-formed, realistic Captain America leaps out of the drawing. The paper below is left scorched and torn where he emerged." }, { "time": "6.1s - 8.0s", "action": "He lands powerfully on the 'real' ground of the destroyed city, shield raised. The camera angle is now at ground level, looking up at him heroically as dust and debris settle." } ] }, "audio_design": { "style": "Epic, powerful, and transitional.", "timeline": [ { "time": "0.0s - 2.0s", "sound": "The gentle, scratching sound of a pencil on paper, mixed with a faint, magical, humming sound that grows in intensity." }, { "time": "2.1s - 6.0s", "sound": "The humming crescendos into a powerful surge of energy, with crackling electrical sounds and the sound of shattering graphite." }, { "time": "6.1s", "sound": "A massive, impactful 'THOOM' as he lands, combined with the crunch of rubber under his boots."
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Gainify
RANKING: Top 15 Mega-Caps ranked by Forward PEG (high โ†’ low)

15. $TSLA โž 10.79x
14. $WMT โž 4.81x
13. $ORCL โž 3.30x
12. $AAPL โž 2.96x
11. $MSFT โž 2.73x
10. $MA โž 2.47x
9. $V โž 2.33x
8. $NFLX โž 2.02x
7. $JPM โž 2.00x
6. $AMZN โž 1.98x
5. $AVGO โž 1.85x
4. $GOOGL โž 1.60x
3. $META โž 1.56x
2. $NVDA โž 1.10x
1. $LLY โž 0.90x
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Dimitry Nakhla | Babylon Capitalยฎ
Google Cloud Quarterly Revenue ๐Ÿ’ธ

$GOOG $GOOGL https://t.co/P8cSO0iqxf
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AkhenOsiris
$GENI Benchmark report yesterday on Prediction Market Opportunity

Prediction markets (Kalshi, Polymarket) are expanding, and the NFL has stated these operators must purchase official Genius data to operate legitimately. Kalshi itself has said it โ€œwants to work with all of the leagues.โ€ In our view, this makes prediction markets an incremental customer set rather than a threat, expanding GENIโ€™s TAM without cannibalizing sportsbooks.

*************************************************************
Kalshi just signed a deal with Statscore, although unclear which sports they will use that data for. The more complex the in-game/live markets, the more likely GENI/SRAD will be needed.
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