Stock markets historically hate inflation. In normal times (0-4% inflation) the average 10-year PE ratio is ~20. > 4% inflation it's 13. > 7% inflation it's 10. We're at 40. Outside of 2021/2022, the HIGHEST valuation EVER awarded US market above 5% inflation? 23

Nothing to see here. Just a $120 billion company trading like a penny stock.

$FB is now trading 25% below Aswath Damodaran 10th percentile value of 247.70$.

Updating the valuation scatter plot that breaks out FCF bands by color. Every company with a >15% FCF margin is above the regression line except for Docusign (and they're only slightly below). The R-squared for just the blue dots is 0.82. Overall R-squared is 0.44

few investors cared about SBC in 2020-21 since the effective dilution was pretty minimal, given the sky high multiples. Now things are a little tricky. High SBC won't kill a business, but it'll leave its mark on LT returns. (reposting since last tweet had slight calc. error)

Quantamental Value -- Constellation Software (TSE: CSU) quantamentalvalue.substack.com/p/constellatio…

Quantamental Value -- AutoZone (NYSE: AZO) quantamentalvalue.substack.com/p/autozone-nys…

How to evaluate a company's moat: "One question I always ask myself in appraising a business is how I would like, assuming I had ample capital and skilled personnel, to compete with it." — Warren Buffett

Quantamental Value -- Salesforce (NYSE: CRM) quantamentalvalue.substack.com/p/salesforce-n…

Quantamental Value -- Copart (NYSE: CPRT) quantamentalvalue.substack.com/p/copart-nyse-…

Quantamental Value: ROIC Vs. ROE quantamentalvalue.substack.com/p/roic-vs-roe?…

Quantamental Value -- Gross Vs. Net ROIC: Is A Company Really Creating Value Or Not? quantamentalvalue.substack.com/p/gross-vs-net…

Quantamental Value: I Used ChatGPT To Code Quantamental Value's Screener Backtest Against The S&P 500 quantamentalvalue.substack.com/p/i-used-chatg…

Quantamental Value: Amazon.com (AMZN) quantamentalvalue.substack.com/p/amazoncom-am…

Buffett invested in 5 Japanese stocks in 2020. That initial basket investment is up over 3x in 3 years, a 44% CAGR on that initial purchase. Some thoughts from my @JournalyticApp entry today Might publish these later:

Model Portfolios 101: 🧵 Last week, we unveiled our new Model Portfolio feature that enables users to build, analyse, and manage Model Portfolios. Today, we are going to break down how it works, as well as some handy tips & tricks.

Thank you, ⁦Cassandra B.C.⁩ quantamentalvalue.substack.com/p/thank-you-mi…

Stellantis open.substack.com/pub/quantament…

رحلة استثنائية خاضها المتدرب نايف غسان صوفيNaif G. Soufi, CFA, CAIA في النسخة الثانية من برنامج "إدارة صناديق الملكية الخاصة" SVC Jada