Goodyear India Valuation - A 'Practical Thought' Model for Valuing Equities

In his book "Poor Charlie's Almanac", Berkshire Hathaway's Vice Chairman Mr. Charlie Munger talks about an informal speech he gave in 1996, titled "Practical Thought About Practical Thought?". He warns that not many people understood his talk and it was practically a communication failure. But at the crux of this speech lies hidden a valuation technique that acts a saving grace for those averse to intrinsic valuation methods such as the DCF or the DDM.

Five Below Valuation: Scaling, $5 At A Time

Recently, I was thinking about valuing a company traded outside India and it came to me as a very interesting proposition when someone suggested that I value Five Below. FIVE (NASDAQ) is a chain of discount stores in the US that sells all its products for $5 or below. And does it well.

Harita Seating Systems Valuation: Buying Things Well

Have you ever traveled in Bharat Benz, Volvo or Scania bus? Or for folks who are living / have lived in Karnataka, traveled in a BMTC bus? Chances are, you might have unwittingly used the product(s) of Harita Seating Systems -- a not-so-well-known seat manufacturer.

D-Mart Valuation: The 100 P/E Conundrum

Avenue Supermarts Limited, or D-Mart as it is better recognized, is a curious case. The stock trades on the Indian markets at a staggering P/E of 118. Although absolute P/E levels are nowhere near indicative of undervaluation or overvaluation of a stock, we still have to ask, how much is too much? Today, we will attempt to answer that question.

HDFC AMC IPO Valuation: Speed Demon

'Mutual Funds Sahi Hai' says a famous Indian TV advertisement. While the slogan is used and abused several times over, the sentiment seems to ring true with many Indians. We know for a fact that only 2-3% of India invests in Equities directly or in Mutual Funds. However, the general trend is that the number of people investing in these modern savings schemes have increased drastically. So, it would be an understatement to say that HDFC AMC filed for an IPO at the most opportune of times. With HDFC AMC's IPO opening today (25-07-2018), I wanted to register my thoughts on the company and its Valuation before I could be accused of hindsight bias from the Listing Price.