A Durable Business for 0.7x TBV and 3.9x FCF
Also includes a 9% SH Yield and an activist investor already present.
I found a way to access Bloomberg’s no.1 competitor for 90% less. Here’s how →
Imagine buying an entire business for less than 4 years of normal cash flow.
Nearly three quarters of the equity value is backed by cash and listed securities.
The business remained profitable through COVID, supply-chain disruption and raw-material inflation.
Shareholders are being paid roughly 9% a year while they wait.
And the largest external investor controls enough votes to exert real pressure on management.
It looks like a classic Japanese value trap, except the value is already being unlocked.
Let’s take a look…