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

Estee Lauder Companies Cl A / Equity Bottom-Up

<ul>
<li>Estée Lauder continues to make new lows as risks related to its premium valuation and business concentration materialize.</li>
<li>Estée Lauder's return on capital is also facing long-lasting headwinds.</li>
<li>The company will remain too richly priced for the time being, according to the company's CEO.</li>
</ul>


Estée Lauder continues to make new lows as risks related to its premium valuation and business concentration materialize.
Estée Lauder's return on capital is also facing long-lasting headwinds.
The company will remain too richly priced for the time being, according to the company's CEO.


Estee Lauder: Premium Valuations Are Not Always Justified