2/3
Accidents happens when one doesn't look at valuations.
A supposedly platform stock listed in 2019. OFS price was 320 Rs. High of 6396 made yesterday.
Mcap crossed 1 lac crore.
Company was affected by CoVid so will talk a bit on pre-CoVid nos.
1/3
2/3
More from Jiten Parmar
EV/tonne of the mentioned companies currently
Anjani - 100
Deccan Cem - 40
KCP - 44 (will be lower if value to other biz given)
NCL - 61 (has boards biz too)
Sagar - 59
Anjani - 100
Deccan Cem - 40
KCP - 44 (will be lower if value to other biz given)
NCL - 61 (has boards biz too)
Sagar - 59
EV/tonne of the companies in that region.
— Jiten Parmar (@jitenkparmar) July 8, 2020
Anjani Portland - 42
Deccan Cem - 20
KCP - conglomerate (has Vietnam sugar, hotel, engg too) - 43 (on mcap)
NCL - 31 (has boards biz too)
Sagar - 47
No recommendations. Just data.
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June's research paper: Intangible Value ✨
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(Not investment advice)
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“The constant rise in the importance of intangibles in companies’ performance and value creation, yet suppressed by accounting and reporting practices, renders financial information increasingly irrelevant.”
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Can value investing strategies be improved by adding intangible assets?
👾 The Asset-Light Economy
🔮 The Dark Matter of Finance
🏰 Intangible Moats
📉 The Disruption of Value
👨🎓 Fixing the "Value Factor"
(Not investment advice)
🧵
(0/10) Full paper here 📘
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https://t.co/omtrn9kfvt
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“The four largest companies today by market value do not need any net tangible assets. They are not like AT&T, GM, or Exxon Mobil, requiring lots of capital to produce earnings. We have become an asset-light economy."
- Warren Buffett
(2/10) The End of Accounting 🧮
“The constant rise in the importance of intangibles in companies’ performance and value creation, yet suppressed by accounting and reporting practices, renders financial information increasingly irrelevant.”
- Baruch Lev and Feng Gu
(3/10) The Dark Matter of Finance 🔮
While intangible matter holds the financial universe together, it is not visible to the naked eye. Unstructured data contains info on intangibles but is large, noisy, and resistant to standard statistical analysis.