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>J.M. Smucker business has seen a massive transformation over the past decade and is now predominantly coffee and pet food company.</li><li>The massive acquisitions have so far failed to translate into higher topline growth or increased return on capital.</li><li>Competition in pet food and coffee is intensifying, and J.M. Smucker seems to be at a disadvantage to larger players.</li></ul>

J.M. Smucker business has seen a massive transformation over the past decade and is now predominantly coffee and pet food company.The massive acquisitions have so far failed to translate into higher topline growth or increased return on capital.Competition in pet food and coffee is intensifying, and J.M. Smucker seems to be at a disadvantage to larger players.

JM 스머커는 불리한 위치에 있으며 저조한 성과를 보일 것으로 예상됩니다.

Jm Smucker Co

JM 스머커는 불리한 위치에 있으며 저조한 성과를 보일 것으로 예상됩니다.