Are there any companies you would buy if you didn't have to look at the valuation ratio?

I am often annoyed by finding an exciting company where the investment case is very shaky and objectively the stock should not really be bought because of the valuation.

For me it is with Hyundai $005380 and Porsche $P911 (+0.6%) so

Hyundai $005380

Best-in-class price-performance offerings, both Kia and Hyundai offer the most exciting new cars for a wide range of needs....

(Both brands have also introduced well-selling first electric models).

Margin offers room for improvement, but since the new gasoline models are superior to all others (and the E models are also ahead, see Ioniq 5 )

the increasing sales growth will probably solve most of the "problems".

Unfortunately difficult to assess how subjective this opinion is (different brand image in Europe/ Asia/ America?) , therefore assessment equally difficult....

Besides, car manufacturers are not exactly the future, especially not in Europe.

TA: Downward trend.

Porsche $P911 (+0.6%)

For obvious reasons. Sales increase with prosperity, fan base as well, a very good first E model in its class.

Certainly also a higher profit margin possible in the long term.

Nevertheless (as you could see today in the numbers) the valuation was too high for me, in the long term ok, but also for Porsche there will be years in which sales decline.

I would rather attribute to the luxury industry, but that's why the valuation is also 🚀

TA: ...no idea whether that works at all with such young AGs.