Fundamental Equity Research Analysis, Ben Jones Investments

Ben Jones Investments

Ben has over 8 years experience in the finance world. He founded Ben Jones Investments after spending 4 years on the FX sales desk at UBS in London. Ben’s years of experience include both equity research and macroeconomics. 

Ben Jones Investments is dedicated to providing fundamental equity research analysis for investors globally. We look for companies that are mis-priced and can provide outsized returns with a wide margin of safety. The equity research is detailed and provides insight and value to institutional investors, high net worth individuals, and sophisticated retail investors who have an interest in managing their own investments.

Fundamental Equity Research Analysis

UK Homebuilding: Allocations Rebounds as Sentiment Improves

BJI provides high conviction investment ideas on listed equities to institutional clients and high net worth individuals through our annual research subscription. We conduct fundamental bottom-up research on businesses that we believe trade to a discount against their intrinsic value with a wide margin of safety. Our aim is to generate investment ideas capable of long-term sustainable returns on capital. Our research is based on the following principles:

Independent ideas that are based on our own detailed research on businesses we understand. We are not commissioned or compensated by companies that are the subject of reports.

Intrinsic value is our calculation of the business based on the cash we expect the business to return to its owners over the future, discounted at an appropriate rate.

Margin of safety is a vital part of our philosophy. It’s the gap between the market value of a company and our perception of intrinsic value. All attempts of understanding intrinsic value rely on assumptions that can’t be perfectly forecast. Significant margin of safety is the logic that minimises losses if intrinsic value has been overestimated, while allowing for greater than expected returns if underestimated.

Value is what our research seeks to uncover and provide to our clients.

Equity Bottom-Up

<ul>
<li>Taylor Wimpey (TW) is the UK’s third largest homebuilder, managing 14,154 completions in 2022.</li>
<li>Their share price has declined 44% over the last 2 years in response to rising mortgage rates.</li>
<li>While we acknowledge the short to medium term impact of rising rates, we see Taylor Wimpey’s long-term profitability as strong, and worth twice their current valuation.</li>
</ul>


Taylor Wimpey (TW) is the UK’s third largest homebuilder, managing 14,154 completions in 2022.
Their share price has declined 44% over the last 2 years in response to rising mortgage rates.
While we acknowledge the short to medium term impact of rising rates, we see Taylor Wimpey’s long-term profitability as strong, and worth twice their current valuation.


Taylor Wimpey

Taylor Wimpey Research Report