10% CAGR of bookvalue over a decade

update week 34 2024

This week, we received weak financial results from three companies. Although not entirely unexpected, these results do not help the stock prices. However, they do present additional buying opportunities for those who do not yet own these stocks.

This week, we are discussing a company where the major shareholder and CEO has managed to increase the book value by almost 10% per year over the past decade. Despite this, the stock price is more than 20% below the book value for a profitable company, and that’s despite a cyclical downturn.

Another company is suffering from the slowdown in the European construction sector, but you essentially get the operations in America and Europe for free if you exclude the stake in the publicly traded Turkish subsidiary.

The third company seems to be taking all the right steps for growth, but admittedly, the numbers are lagging, and consequently, so is the stock price.

This week: