Our research
Company-by-company analysis with a valuation model you can check.
Our research is a window into how we think. Every company is different, so every analysis adapts to the business in front of us: its industry, its economics and the opportunity it presents.
Whether you are an experienced investor who wants to understand our methodology or new to value investing, you will find company reports, case studies and in-depth analyses that show how we uncover hidden value in the market.
What goes into every analysis
-
Asset value
What it would cost to reproduce the business today, including intangibles such as brand, customers and technology.
-
Earnings power value (EPV)
What the company’s current, sustainable earnings are worth without assuming any growth.
-
Growth and returns on capital
Whether growth creates value, judged by the returns the business earns on new investment.
-
Moat and barriers to entry
How durable the competitive advantage is, and what could erode it.
-
Risks and scenarios
The key drivers, what could go wrong and how the thesis holds up in different futures.
-
Margin of safety and target price
The gap between price and value, and the target price that comes out of the model.
Where to read our research
-
Seeking Alpha
In-depth company analyses with complete valuation models.
Read on Seeking Alpha -
YouTube
Video breakdowns of companies and valuation concepts.
Watch on YouTube -
X (Twitter)
Market commentary and new ideas as they happen.
Follow on X -
LinkedIn
Firm news, research highlights and career opportunities.
Follow on LinkedIn
Our research is for informational purposes only and is not a recommendation to buy or sell any security.
