3Mon.·

Kekse

Und weiter aufgestockt ✊

01.09

Lotus Bakeries

Kauf x0,25 zu 8.094,00 €

2.023,50 €

7 Kommentare

fund_mastermind_768@fund_mastermind_768

3Mon.

Kauf doch lieber gleich einen ganzen Keks, anstatt nur Krümel 😜

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Tommy@BarrySchotter

3Mon.

@fund_mastermind_768 kommt bald

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TheMaverick@TheMaverick

3Mon.

Hi, I frequently see different getquin members buying this company but I don't get it.
IMO The company is massively overvalued, over 95 P/FCF and 38 Forward PE + slowing growth concern.
The 14% YOY growth cannot justify such valuation for a coockie business.
Margins are relative low considering the valuation, 38% gross margin (that is declining YOY) and 16% operating margin (in line with the food sector).

Don't get me wrong I am not criticizing your investment choice, I only would like to understand more about the company because I would like to open a position too since I eat a lot of these biscuits ahahah .
I just don't understand the valuation and maybe you have some pieces of information that I don't have.

According to my D/FCF Model (and my assumptions) I should open a position under 5.200 euro per share to have a 12% return every year over the next 10 years.

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MEMO@MEMO1993

3Mon.

@TheMaverick but good stocks arent cheap, tell me when u could have entered the stock , i think arround 6k its fair valued aslong the numbers are fine

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MEMO@MEMO1993

3Mon.

@TheMaverick and dont forget how much the 3rd generation changed the company , first company i ever saw what didnt got destroyed by the grandson ,no it improved with insanly good buys and give the cookie sector new products into the portfolio

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TheMaverick@TheMaverick

3Mon.

@MEMO1993 Yes, Management is doing a great job and the product itself is very good. My only concern is the high multiples. I have seen a lot of high quality companies with very high multiples collapsing even if the fundamentals improved quarter over quarter and management was doing good.
The main problem they had in common was always the high valuation (and high expectations of Wall Street)
Just to name a few: $PAYC $DECK $MNDY $OR $TTD $ADYEN

I think Lotus Bakeries easily fit in this bucket of companies.

I hope I am wrong for everyone who invested in this company;
but that’s just my thought.

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Nom@user28461

3Mon.

Wieso stört Euch das nicht dass Ihr 40er (letztes Jahr 100er) KGV für ne Keksbäckerei zahlen müsst? Bei dem Wachstum seid Ihr in 7-10 Jahren erst bei einem fairen Wert angekommen, sollte es so weitergehen wie bisher.

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