TC79

[TC79 @TommmC79]

@MotoPsyOps101 100% agree

[TC79 @TommmC79]

@Scumbag238 @MotoPsyOps101 He has plenty of options😁

[TC79 @TommmC79]

@MotoPsyOps101 @illBetOnThat @dbk_116 He actually had a few top 10’s in MXGP. His best is 4th place in Agueda

[T @TorayKortan]

The things we see daily on social media are things we were never meant to see in our entire lives.

What's now normalised as daily visibility was previously something you would have had to go to the deepest depths of the dark web to pursue.

Now you're one scroll away from a cake recipe to an execution.

We spend most of our lives frequenting a digital Russian roulette.

And we wonder why so many have become brainwashed and insane.

[𝐇𝐞𝐫𝐞𝐝𝐢𝐭𝐚𝐭𝐞𝐦 𝐑𝐞𝐛𝐞𝐥𝐥𝐢𝐨 @HereditRebellio]

@charliekirk11 May God rest her soul and may the moderates become radicals

[TC79 @TommmC79]

@MotoPsyOps101 Alvisi rode with the heart of a lion yesterday. Even after those crashes. What he did today was remarkable too. Faure will learn his lessons from today. Both equally great riders and exciting to watch

[TC79 @TommmC79]

@MotoPsyOps101 I remember him back in 2019 on a Yamaha 250. Same setup as now. Crazy how much progress he made through the years, as a privateer. Seems like his biggest sponsor is TEM, a Slovenian company

[TC79 @TommmC79]

@ProMotoFanTalk Wilvo Ducati

[TC79 @TommmC79]

@Crypto_Ed_NL Ik gebruik zelf Bitvavo, Finst, Kraken en Bitstamp. Met alle 4 nog nooit problemen gehad met uitbetalingen

[Elon Musk @elonmusk]

The same people who demanded that you have a vaccine ID to travel are now demanding that there be no ID for voting

[Dimitry Nakhla | Babylon Capital® @DimitryNakhla]

A sober valuation analysis on $LVMH 🧘🏽‍♂️

•NTM P/E Ratio: 19.63x
•10-Year Mean: 23.95x

•NTM FCF Yield: 4.79%
•10-Year Mean: 4.12%

As you can see, $LVMH appears to be trading below fair value

Going forward, investors can receive ~22% MORE in earnings per share & ~16% MORE in FCF per share 🧠***

Before we get into valuation, let’s take a look at why $LVMH is a high-quality business

*Financials In Euros €*

BALANCE SHEET✅
•Cash & Short-Term Inv: €11.10B
•Long-Term Debt: €11.65B

$LVMH has a strong balance sheet, reflected by its AA- S&P Credit Rating & 16.64x FFO Interest Coverage

RETURN ON CAPITAL✅
•2019: 16.6%
•2020: 10.2%
•2021: 18.9%
•2022: 21.2%
•2023: 21.0%
•LTM: 19.1%

RETURN ON EQUITY✅
•2019: 21.5%
•2020: 12.8%
•2021: 28.9%
•2022: 28.0%
•2023: 26.7%
•LTM: 23.2%

$LVMH has excellent return metrics, highlighting the company’s financial efficiency

REVENUES✅
•2013: €29.02B
•2023: €86.15B
•CAGR: 11.49%

FREE CASH FLOW✅
•2012: €2.99B
•2022: €11.59B
•CAGR: 14.50%

NORMALIZED EPS✅
•2013: €6.83
•2023: €30.33
•CAGR: 16.07%

SHARE BUYBACKS🆗
•2013 Shares Outstanding: 503.22M
•LTM Shares Outstanding: 499.59M

MARGINS✅
•LTM Gross Margins: 68.5%
•LTM Operating Margins: 25.6%
•LTM Net Income Margins: 16.3

***NOW TO VALUATION 🧠

As stated above, investors can expect to receive ~22% more in EPS & ~16% more in FCF per share

Using Benjamin Graham’s 2G rule of thumb, $LVMH has to grow earnings at a 9.32% CAGR over the next several years to justify its valuation

Today, analysts anticipate 2024 - 2026 EPS growth over the next few years to be slightly more than (9.32%) the required growth rate:

2024E: €29.71 (-2.0% YoY) FY Dec

2025E: €32.86 (10.6% YoY)
2026E: €35.66 (8.5% YoY)

So, let’s assume $LVMH ends 2026 with €35.66 in EPS & see its CAGR potential (dividends included) assuming different multiples:

22x P/E: €784.52💵 … ~14.9% CAGR

21x P/E: €748.86💵 … ~12.7% CAGR

20x P/E: €713.20💵 … ~10.3% CAGR

19x P/E: €677.54💵 … ~7.9% CAGR

18x P/E: €641.88💵 … ~5.4% CAGR

As you can see, we’d have to assume that $LVMH will trade >20x for $LVMH to compound at an attractive rate given today’s assumptions — a multiple justified by its moat, quality, & growth rate

You’ll also notice that 18x - 20x earnings serves as a strong level of fundamental support, implying that investors buying today could have a strong margin of safety

Today at €597💵 $LVMH appears to be a strong consideration for investment

Yet, I’d still be inclined to buy in tranches, e.g. 1/2 the position at €597💵 & the other 1/2 if it trades for €547💵 (18x NTM estimates)

$MC $LVMHF $LVMUY

#stocks #investing
___

𝐃𝐈𝐒𝐂𝐋𝐎𝐒𝐔𝐑𝐄‼️: 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐍𝐎𝐓 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐀𝐝𝐯𝐢𝐜𝐞. 𝐁𝐚𝐛𝐲𝐥𝐨𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥® 𝐚𝐧𝐝 𝐢𝐭𝐬 𝐫𝐞𝐩𝐫𝐞𝐬𝐞𝐧𝐭𝐚𝐭𝐢𝐯𝐞𝐬 𝐦𝐚𝐲 𝐡𝐚𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭.

𝐓𝐡𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐢𝐬 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐟𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐩𝐮𝐫𝐩𝐨𝐬𝐞𝐬 𝐨𝐧𝐥𝐲 𝐚𝐧𝐝 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐨𝐭 𝐛𝐞 𝐜𝐨𝐧𝐬𝐭𝐫𝐮𝐞𝐝 𝐚𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐚𝐝𝐯𝐢𝐜𝐞 𝐭𝐨 𝐦𝐞𝐞𝐭 𝐭𝐡𝐞 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐧𝐞𝐞𝐝𝐬 𝐨𝐟 𝐚𝐧𝐲 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐨𝐫 𝐬𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧. 𝐏𝐚𝐬𝐭 𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐬 𝐧𝐨 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 𝐨𝐟 𝐟𝐮𝐭𝐮𝐫𝐞 𝐫𝐞𝐬𝐮𝐥𝐭𝐬.

𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐜𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐭𝐰𝐞𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐨𝐛𝐭𝐚𝐢𝐧𝐞𝐝 𝐟𝐫𝐨𝐦 𝐬𝐨𝐮𝐫𝐜𝐞𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞𝐝 𝐭𝐨 𝐛𝐞 𝐫𝐞𝐥𝐢𝐚𝐛𝐥𝐞, 𝐛𝐮𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐝 𝐚𝐬 𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐧𝐞𝐬𝐬 𝐨𝐫 𝐚𝐜𝐜𝐮𝐫𝐚𝐜𝐲.

[TC79 @TommmC79]

@LTQuality @carbonfinancex Only real competitor is Kering

[TC79 @TommmC79]

@TorayKortan Awesome livestream, again

[Ryan Gee @RyanGee437]

Take 90 seconds out of your busy day to enjoy Jeffrey Herlings at full flow

[TC79 @TommmC79]

@ProfCrypto6 Geen een keer wat geprobeerd tweede helft. Gakpo de bal en meteen kansen & initiatief

[TC79 @TommmC79]

@CryptoNagato Real. I still have all the screenshots from his rants @TorayKortan back in 2018

[TC79 @TommmC79]

@Praveen5555500 @TorayKortan Great first TP, don’t be greedy

[TC79 @TommmC79]

@finst_official @abigfatsmiley @bitvavocom Haha scherp

[TC79 @TommmC79]

@BullyButcher @TorayKortan Trust me that most of of them have fiat money ánd have their allocation done. It’s a win-win. My bags are packed with multiple projects (DCA for months) and I have money on the side. Ready to jump in on a new dump that can occur quickly. Crazy how short the vision of people is

[Eva Vlaardingerbroek @EvaVlaar]

This retired police Chief (64) was run over “for fun” by two black guys last week, when he was out cycling.

The victim’s name was Andreas Probst.

His killers live-streamed their indescribably evil hit-and-run. Watching it will make your stomach turn, but because the victim is white, the media won’t push a global campaign on his behalf and he’ll quickly be forgotten.

Let’s not let that happen and let’s demand that his murderer never sees the light of day again.

RIP, Andreas.

#JusticeforAndreasProbst