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>Keurig Dr Pepper has undeniable competitive advantages in the face of its strong brand portfolio and distribution network.</li>
<li>Contrary to certain beliefs, the company is fairly valued on a short-term basis, but the business positioning is improving.</li>
<li>To get the full picture of KDP's valuation and business fundamentals, it's crucial to adjust for inconsistencies brought by the current accounting standards.</li>
</ul>


Keurig Dr Pepper has undeniable competitive advantages in the face of its strong brand portfolio and distribution network.
Contrary to certain beliefs, the company is fairly valued on a short-term basis, but the business positioning is improving.
To get the full picture of KDP's valuation and business fundamentals, it's crucial to adjust for inconsistencies brought by the current accounting standards.


Keurig Dr Pepper: Not What It Looks Like On The Surface