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>Although it was largely due to the pandemic, Disney significantly underperformed the market since I first advised for caution.</li>
<li>The risk of Disney being a far less profitable entity is significant, even if the company retains its leading position in streaming.</li>
<li>Disney valuation remains at peak levels while competition continues to intensify.</li>
</ul>


Although it was largely due to the pandemic, Disney significantly underperformed the market since I first advised for caution.
The risk of Disney being a far less profitable entity is significant, even if the company retains its leading position in streaming.
Disney valuation remains at peak levels while competition continues to intensify.


Disney: Retaining Storytelling Crown Does Not Mean High Shareholder Returns

The Walt Disney Co

Disney: Retaining Storytelling Crown Does Not Mean High Shareholder Returns