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>There is a reason why share price performance over the recent months is not surprising, even after taking into account improving fundamentals.</li>
<li>In spite of the exciting narrative around connected vehicles, Deere's business is still largely driven by cyclical macroeconomic factors.</li>
<li>Free Cash Flow will likely experience downward pressure over the coming quarters which would make matters worse.</li>
</ul>


There is a reason why share price performance over the recent months is not surprising, even after taking into account improving fundamentals.
In spite of the exciting narrative around connected vehicles, Deere's business is still largely driven by cyclical macroeconomic factors.
Free Cash Flow will likely experience downward pressure over the coming quarters which would make matters worse.


Deere & Co

Is Deere & Co Really Going Into Space