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Deep Dive - Fundamentals and Valuation

Edenred: Fundamentals and Valuation
Edenred has been a strong performer, generating a 15% CAGR until February 2024.
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Nemetschek: Fundamentals and Valuation
A long history of outsized returns (30% total return CAGR) by organic growth in software and bolt-on M&A
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Ashtead: Fundamentals and Valuation + United Rentals comparison
A long history of outsized returns by consolidating the US equipment rental industry via organic growth and bolt-on M&A
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Adyen: Fundamentals and Valuation
Since its IPO in 2018, Adyen has compounded its share price at 15.8%, outperforming the (impressive) 11.8% CAGR of the S&P 500.
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Verra Mobility (VRRM): Fundamentals and Valuation
Verra Mobility has been public for five and a half years and has outperformed the market with a 17% CAGR.
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Lifco AB: Fundamentals and Valuation
Since its IPO 10 years ago, Lifco has delivered an outstanding performance for shareholders, increasing 11-fold or at a 30% CAGR. The stock has…
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Heavy Moat Investments
Hermle: Fundamentals and Valuation
An efficient business trading at historically low multiples
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Texas Instruments: Fundamentals and valuation
Texas Instruments has been a success story over the last two decades, compounding at 13%, outperforming the S&P 500 but below the semiconductor index.
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Heavy Moat Investments
Atkore: Fundamentals and valuation
Atkore has created tremendous value for shareholders in the seven years since its IPO, increasing tenfold at a 35% CAGR. While much of it has been due…
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Robertet: Fundamentals and Valuation
Robtertet, a leading fragrance and flavor industry player, has been a long-term outperformer compared to the S&P 500 and rival Givaudan.
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Frosta AG: Fundamentals and Valuation
Frosta AG has outperformed the S&P 500 over the last decade, with a 16.8% CAGR versus 12% for the index.
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Ulta Beauty: Fundamentals and Valuation
Ulta Beauty has massively outperformed the S&P 500 over the last decade with a 20% CAGR.
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