The Barn

@thebarnblog
9 Followers
26 Following
166 Posts

My blog about developing tools for better investing | Helping to assess companies and navigate investment decisions | 16 years in corporate finance 🇸🇪 🇩🇰

#investment #valueinvesting #financialanalysis

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📢 Highlight from last week's blog post!

Even my worst-case scenario of #DassaultSystemes ($DASTY)'s future yields a discount.

But their *past* forces us to stop and rethink!

Read further: https://thebarnblog.substack.com/p/dassault-systemes-a-so-so-turnaround

#TheBarnBlog #NotInvestmentAdvice #Investment #ValueInvesting #Stocks #StockMarket #Markets

This week on #TheBarnBlog, we take on another French giant, #DassaultSystemes ($DASTY)! 💪

Read to find out why we consider the #software company to be a so-so candidate if you're looking to find turnaround companies.

🔗 https://thebarnblog.substack.com/p/dassault-systemes-a-so-so-turnaround

#Valuation #Investment #ValueInvesting #Stocks #Markets #ArtificialIntelligence #AI #NotInvestmentAdvice

Dassault Systèmes, a so-so turnaround case

Valuation series

The Barn

Check out the base-case, worst-case and best-case scenarios for #Vinci 's ($DG) share price!

All three scenarios indicate that Vinci is trading at a discount 🤩

🔗 https://thebarnblog.substack.com/p/the-scenario-advantage-stresstesting

#TheBarnBlog #Valuation #Investment #ValueInvesting #StockMarket #Stocks #Markets

In this week's blog post, we find out what happens if we stress-test our valuation of #Vinci ($DG). 👀

Spoiler alert: Even in the worst-case scenario, there is still potential for a value increase!

I'm *invested* (although not yet *investing*) in their future performance. 😎

Read here: https://thebarnblog.substack.com/p/the-scenario-advantage-stresstesting

#Investment #ValueInvesting #StockMarket #Stocks #Markets #NotInvestmentAdvice

The Scenario Advantage: Stress‑Testing Your Valuation

Valuation series - part 2

The Barn

And voila!

Vinci's implied share price ➡️ €206.1.

Share is trading at an implied *discount* of €73.7 per share!

Read full blog post here: https://thebarnblog.substack.com/p/company-valution-a-hands-on-guide

(9/9)

#Investment #ValueInvesting #Finance #FinancialAnalysis #Markets #Stocks

Company valution: A hands on guide with Vinci

Valuation series

The Barn

Calculate Value Per Share (= EV – net debt divided by diluted shares):

(8/9)

Discount all future FCFF and TV at the WACC to get Enterprise Value (EV):

(7/9)

Calculate Discount Rate, which in this case is just WACC.

Vinci's WACC ➡️ 6.45%.

(6/9)

Calculate Terminal Value (TV) and add it to the last column of FCFF:

(5/9)