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>ExxonMobil's stellar performance over the past year and a half has come as a surprise to many, given all the negative sentiment at the time.</li>
<li>Even as the company is about to dial-up its capital and exploration expenditures, forward free cash flow yield still remains attractive.</li>
<li>The dividend appears safe for now, however, investors should not rule out an adverse scenario going forward.</li>
</ul>


ExxonMobil's stellar performance over the past year and a half has come as a surprise to many, given all the negative sentiment at the time.
Even as the company is about to dial-up its capital and exploration expenditures, forward free cash flow yield still remains attractive.
The dividend appears safe for now, however, investors should not rule out an adverse scenario going forward.


ExxonMobil: Patience Pays Off, Excitement Doesn't

Exxon Mobil

ExxonMobil: Patience Pays Off, Excitement Doesn't