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>Last year was a very challenging one for Unilever and the company significantly underperformed other consumer staples.</li>
<li>Exogenous factors, such as rising commodity inflation, are largely to blame for that performance.</li>
<li>Underneath the surface, however, Unilever now appears to be in a much better position than a year ago, while valuation remains conservative.</li>
</ul>


Last year was a very challenging one for Unilever and the company significantly underperformed other consumer staples.
Exogenous factors, such as rising commodity inflation, are largely to blame for that performance.
Underneath the surface, however, Unilever now appears to be in a much better position than a year ago, while valuation remains conservative.


Unilever: Short-Term Pain Continues And That Doesn't Bother Me