Value Investing

Vladimir Dimitrov, CFA

I am a former strategy consultant with heavy exposure to business and intangible assets valuation. Throughout my career I have been focused on solving complex business problems through the lens of the overall business strategy and by incorporating a set of valuation and financial modelling techniques.

In my spare time I have been exploring the concept of value investing and in particular finding companies with sustainable competitive advantages that also trade below their intrinsic value. In addition to my bottom-up approach of individual equities I also take a more holistic view of the markets through factor investing techniques.

Equity Bottom-Up

<ul>
<li>Adobe's high quality business model does not matter much in a sector where topline growth is the main driver of valuations.</li>
<li>In the meantime, the company's organic growth is showing signs of slowing down which could result in more risk taking by the management.</li>
</ul>


Adobe's high quality business model does not matter much in a sector where topline growth is the main driver of valuations.
In the meantime, the company's organic growth is showing signs of slowing down which could result in more risk taking by the management.


Adobe: Compelling Fundamentals But Stale Returns Ahead

Adobe Systems

Adobe: Compelling Fundamentals But Stale Returns Ahead