Less than half of its historical valuation?

just too cheap

A company currently trading at 0.92 times its tangible book value, while historically, over the past 15 years, it has always hovered around 2 times? With a price-to-earnings ratio of 5.1, whereas historically it was around 14?

A DCF valuation indicating an upside potential of 57%, even with a discount rate of 12%?

You’d think the future must look pretty bleak.

The company I’m proposing today is a relatively stable but slow-growing one, still led by the founding family even though the company was established more than 150 years ago.

The company certainly has cyclicality, but the market seems to be anticipating this quite strongly. If the results turn out better than expected, we might be able to make a quick profit. If not, I am comfortable buying more if there is a further decline.

Let me introduce you to: