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>At first glance, there are more profitable and higher growth opportunities in the Packaged Foods sector.</li><li>Underneath the surface, however, Mondelez iconic global and local brands offer an important competitive advantage.</li><li>The company is also uniquely positioned to further improve profitability and expand its topline into adjacent product categories.</li></ul>

At first glance, there are more profitable and higher growth opportunities in the Packaged Foods sector.Underneath the surface, however, Mondelez iconic global and local brands offer an important competitive advantage.The company is also uniquely positioned to further improve profitability and expand its topline into adjacent product categories.

What Makes Mondelez Attractive At Current Levels