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>The recent rally in growth stocks has supported the share price, but this trend may not last for long.</li>
<li>In spite of the company's strong pricing power, margins are under pressure and risks related to capital allocation remain.</li>
<li>The company's stock has performed well but this is not reflective of its actual business performance.</li>
</ul>


The recent rally in growth stocks has supported the share price, but this trend may not last for long.
In spite of the company's strong pricing power, margins are under pressure and risks related to capital allocation remain.
The company's stock has performed well but this is not reflective of its actual business performance.


Intuit: 30% Year-To-Date Return Is Something You Should Extrapolate Into The Future

Intuit Inc

Intuit: 30% Year-To-Date Return Is Something You Should Extrapolate Into The Future