Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

Associated British Foods  / Equity Bottom-Up

<ul><li>Associated British Foods now trades at one of its lowest levels for the past 5-year period.</li><li>Primark sales hit rock bottom during the past twelve months but are likely to recover as stores reopen.</li><li>All other businesses within the group are performing exceptionally well.</li><li>Current valuation factors in too pessimistic assumptions about the future and, in my view, an attractive long-term opportunity.</li></ul>

Associated British Foods now trades at one of its lowest levels for the past 5-year period.Primark sales hit rock bottom during the past twelve months but are likely to recover as stores reopen.All other businesses within the group are performing exceptionally well.Current valuation factors in too pessimistic assumptions about the future and, in my view, an attractive long-term opportunity.

Associated British Foods: Too Conservatively Priced To Be Ignored

United Kingdom

Associated British Foods PLC operates as a packaged food. The Company offers nutritious food products with household brands as well as provides delivery services. Associated British Foods serves customers in the United Kingdom.

Associated British Foods (ASBFY US)

Associated British Foods: Too Conservatively Priced To Be Ignored

Associated British Foods now trades at one of its lowest levels for the past 5-year period. Primark sales hit rock bottom during the past twelve...

Vladimir Dimitrov, CFA