Andrew Sather

Co-host of @ifb_podcast. Founding publisher of Value Spotlight, our flagship

[Andrew Sather @ValueSpotlight]

Calculating WACC and ROIC (Tutorial):

Is value created or destroyed?

[The Investing for Beginners Podcast @IFB_podcast]

The "Non-Cyclical" Commodity Secret?

Most commodities like copper are volatile. But aggregates (concrete materials) offer rare organic growth.

Why? Fixed supply of quarries + tough government permits = long-term pricing power. That was my lightbulb moment!

[The Investing for Beginners Podcast @IFB_podcast]

Brazil has a population of almost 213 million people and a low debt to GDP of 77.5%. So far in the first quarter (August 2025), real GDP grew 5.7% on an annualized basis form the previous quarter according to Deloitte.

How the country's payments usage is creating huge opportunities:

[The Investing for Beginners Podcast @IFB_podcast]

Pay attention to what companies stop talking about.

Example: PayPal used to highlight user growth—then suddenly stopped. Analysts noticed, management stumbled, and the stock began to slide.

When key metrics disappear, it’s often a yellow flag.

[The Investing for Beginners Podcast @IFB_podcast]

Small-cap stocks have outperformed large-cap stocks by 4% per year over the past century.

Why? They grow faster and have more upside.

Now imagine combining small caps with quality characteristics. That’s the formula for phenomenal performance.

[The Investing for Beginners Podcast @IFB_podcast]

What is Return on Equity or ROE?

Quick explainer to break it down.

[Andrew Sather @ValueSpotlight]

Pleasure to have Kyle on the show, if you invest in the payments rails you might our convo very interesting…

[Andrew Sather @ValueSpotlight]

Investing in robots? List of ideas from Morgan Stanley, dubbed the "Humanoid 100"

[Andrew Sather @ValueSpotlight]

Is it ever forgivable when ROIC < WACC?

Case study: $AMD

[Andrew Sather @ValueSpotlight]

The fact that Meta has retained a FLAT ROIC, with the following growth rates in Invested Capital (of course burning $69B, nice, in Reality Labs along the way)

2024: 42%
2023: 42%
2022: 24%

🤯

[Andrew Sather @ValueSpotlight]

Is the carnage in Alibaba over?

ROIC seems to think so. Two things stand out after looking at 5 years of ROIC

[Andrew Sather @ValueSpotlight]

Top Quintile ROIC = Steady Compounding

Case in point, $WSO

Shares up +19% annually since IPO in 1989.

[Andrew Sather @Valuespotlightx]

Top Quintile ROIC = Steady Compounding

Case in point, $WSO

Shares up +19% annually since IPO in 1989.

[Andrew Sather @ValueSpotlight]

P.S. Want to grow as an investor?

Unlock the secret to assessing the profitability of Google, Microsoft, Amazon, and more using Return on Invested Capital (ROIC).

Learn the ins and outs of ROIC in 6 days for free.

Join here, it's free: https://t.co/RSLUcxD7gN

[Andrew Sather @ValueSpotlight]

Amazon's ROIC has officially crossed over its WACC (again).

This with 25% YOY growth in Invested Capital.

🤯

[Andrew Sather @ValueSpotlight]

Can ROIIC show us improvements in business model?

Checking $GM 's ROIC during EV transition

[Andrew Sather @ValueSpotlight]

I'm 2 days late to the party-- but the 10Y has inverted again.

4.25% vs FED FUNDS EFFECTIVE 4.33%

[Andrew Sather @ValueSpotlight]

ROIC + Executive Compensation =Alpha?

Calculating ROIC for $INSW

[Andrew Sather @ValueSpotlight]

What creates buyback machines? Super high ROIC?

Yep.

[Andrew Sather @Valuespotlightx]

What creates buyback machines? Super high ROIC?

Yep.