Analysis on GARP with strong economic moats, Moat Investing

Moat Investing

We are a group of experienced investors that like to dig deeper into stocks to find growth stories at a reasonable price with strong economic moats. We also aim to conduct high-quality analysis by doing deep dive on valuations, key business drivers, risk/reward, and different future scenarios.

Analysis on GARP with strong economic moats

GARP with strong economic moats

Equity Bottom-Up

<ul><li>John Menzies plc is the holding company of Menzies Aviation, which provides services in more than 30 countries.</li><li>The company represents a great under-the-radar opportunity as the market valuation is being currently affected by the pandemic.</li><li>As the vaccine and treatment advance, the worst should be over in the travel industry as recovery is expected.</li><li>The overall aviation market (passengers and cargo) is on a structural growth trend which is expected to stabilize at around a 4% annual growth rate in the long term.</li><li>The different valuation models converge towards the same price range for the firm which gives us more security in terms of the target price.</li></ul>

John Menzies plc is the holding company of Menzies Aviation, which provides services in more than 30 countries.The company represents a great under-the-radar opportunity as the market valuation is being currently affected by the pandemic.As the vaccine and treatment advance, the worst should be over in the travel industry as recovery is expected.The overall aviation market (passengers and cargo) is on a structural growth trend which is expected to stabilize at around a 4% annual growth rate in the long term.The different valuation models converge towards the same price range for the firm which gives us more security in terms of the target price.

John Menzies: A Multiple Approach On A Foreign Opportunity

John Menzies PLC

John Menzies: A Multiple Approach On A Foreign Opportunity