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

Mondelez International / Equity Bottom-Up

<ul>
<li>Mondelez performance over the past year has been largely overshadowed by the pandemic lockdowns and losses in out of home channels.</li>
<li>However, the company is now even better positioned to solidify its positioning in the snacking segment and increase profitability.</li>
<li>The potential of expansion into key adjacent product categories is often neglected, but holds a significant opportunity for future margins.</li>
</ul>


Mondelez performance over the past year has been largely overshadowed by the pandemic lockdowns and losses in out of home channels.
However, the company is now even better positioned to solidify its positioning in the snacking segment and increase profitability.
The potential of expansion into key adjacent product categories is often neglected, but holds a significant opportunity for future margins.


Mondelez: Margin Opportunity Hiding In Plain Sight