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Bull Vontier has inherited a proven business system of disciplined capital allocation and continuous improvement from its former parent companies, Danaher and Fortive. u The spinoff from Fortive will allow Vontier to redeploy capital to its business, as its former parent invested less than 5% of its total M&A capital in Vontier.Read more

Evolution Gaming - King of the Live Casino Evolution Gaming is the leading B2B provider of live casino solutions. They power the online games you love!Read more

History of Homebuilding: Homebuilding has been in decline since April 2022, and it was the following month when public sentiment realized they were facing a housing crisis. Notable causes were the sharp drop in new home building starts, sharp increases in federal funds rate, rising mortgage rates, peak of average/median home sales price, and high months' supply ratio.Read more

Executive Summary Based on exceptional recent execution and accelerating growth metrics, we revise our 12-month price target for PDD Holdings to $165.00, representing approximately 74% upside from the current price of $94.68. Recent Performance Highlights Q3 2024 demonstrated remarkable acceleration across key metrics: Transaction services revenue surged 72% year-over-year, significantly outpacing expectations Operating profit increased 46% to RMB 24.3 billion with expanding margins Net income growth accelerated to 61% year-over-year Cash position strengthened to $44 billion, providing substantial strategic flexibility Key Growth Catalysts International Expansion: Temu's semi-entrusted model showing stronger-than-anticipated margin improvement Geographic footprint expanded to 70+ countries with robust user acquisition metrics Customer acquisition costs decreased 22% quarter-over-quarter Platform Economics: Take rate expanded to 3.8%, demonstrating pricing power Monthly active users exceeded 900 million in Q4 2024 Merchant retention rate stable at 89% despite take rate increases Risk Assessment Near-term Challenges: EU's VLOP designation may require additional compliance investments Potential changes to U.S. de minimis import rules Intensifying competition in cross-border e-commerce Revised Valuation Analysis Given the acceleration in key metrics, we apply a 10x FY2024E EV/EBITDA multiple (up from 8x), still below high-growth internet peers at 12-15x.Read more

Key Takeaways PayPal is the online payments household brand benefiting from the positive trend in the E-commerce industry. Venmo’s sub-brand is a growth driver, which could reach over $2 billion in annual revenue by 2027.Read more

Sampath Bank PLC, one of Sri Lanka’s leading commercial banks, appears to be significantly undervalued based on intrinsic valuation models. Our analysis, incorporating the Dividend Discount Model (DDM), Excess Capital Model, and Adjusted Book Value + ROE Growth, suggests a weighted intrinsic value of Rs. 176.35 per share compared to its current market price of Rs. 121.5. This indicates a 31.1% margin of safety , signaling a compelling investment opportunity.Read more

Key Takeaways Starbucks has heavily invested in new leadership, pushing for a turnaround by hiring former Chipotle's CEO Brian Niccol. Niccol's plan simplifies the offering, reduces costs through operational efficiencies, and raises employee satisfaction.Read more

Key Takeaways A strong presence in stable regions puts Barrick Gold in a good position to benefit from the next commodity super-cycle. Barrick's investment in human capital should ensure qualified personnel are available for developing markets.Read more

Intrinsic Value per Share (DCF-based): Rs. 1,561.93 Current Market Price (CMP): Rs. 295 Undervaluation: CMP is 81% below intrinsic value! Key Strengths and Growth Potential 🟢 Strong Profitability & Cash Flow Net Profit Margin: 23.58% (higher than industry average) Free Cash Flow Yield: 52.13% (indicates strong cash generation) Earnings Yield: 24% (suggests high return potential) 🟢 Exceptional Financial Health Debt-to-Equity: 0.00% (No debt burden, reducing financial risk) Current Ratio: 7.49 (indicating strong short-term liquidity) Cash per Share: Rs. 29.72 (high cash reserves provide safety) 🟢 Attractive Valuation Metrics Price-to-Earnings (P/E) Ratio: 4.4 (well below the market average) Price-to-Book (P/B) Ratio: 0.78 (trading below book value) PEG Ratio: 0.37 (suggests strong earnings growth at a cheap price) 🟢 Robust Growth and Shareholder Returns Compounded NAVPS Growth (10 years): 19.94% (23.03% if dividends reinvested) Sustainable Growth Rate: 11% (supports long-term expansion) Dividend Yield: 9.1% (solid passive income potential) Dividend Payout Ratio: 42% (balanced between growth & shareholder returns) DCF-Based Valuation Breakdown Base FCF: Rs. 2,258.66 Mn (strong cash flow foundation) Discount Rate: 12% (reflecting conservative risk assumptions) Terminal Growth Rate: 2% (aligned with economic conditions) Projected FCF Growth: CAGR 11.49% (consistent growth trajectory) Final Verdict: STRONG BUY Intrinsic Value (Rs. 1,561.93) is over 5x the CMP (Rs. 295) , making this stock a deep value opportunity.Read more