L'Oreal

Sales: USD 11.5-11.7 bn (previously: USD 11.5-11.6 bn | estimate USD 11.58 bn)
Earnings per share: USD 22.65-23.20 (previously: USD 22.50-22.90 | estimate USD 24.07)
Comparable sales: 0 % to +1.5 % (previously: 0 % to +1 %)
Operating margin: 11.7-11.8% (no change)
Share buybacks: ~USD 900m (no change)
New stores: ~60 | Conversions/relocations: 40-45
Capital expenditure: USD 425-500m
Tax rate: ~24.5
Depreciation/amortization: USD 290-300m

Other key figures for the first quarter:

Operating profit margin: 14.1 % (compared to 14.7 % in the previous year)
Net income: USD 305.1 million (compared to USD 313.1 million in the previous year)
Selling and administrative expenses: USD 710.6 million (increase of 6.7% compared to the previous year)
Store space: 6 new stores opened; now 1,451 in total
Share buybacks: USD 358.7 million repurchased in the 1st quarter
Cash and cash equivalents: USD 454.6 million

Management:

CEO: "The start to the 2025 financial year is encouraging thanks to the success of our Ulta Beauty Unleashed program. However, the outlook reflects the uncertainty regarding consumer demand. We remain focused and flexible."

$ELF (-1,53 %)
$EL (-2,2 %)
$OR (+0,8 %)

9 Comentarios

Tenbagger2024@Tenbagger2024

3Semana

Thank you my dear,
Not every Buffet strategy needs to be understood.
And not every investment decision has to be the Holy Grail.
So don't let yourself be controlled too much by others and stay true to yourself.

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wealth.builder101

@wealth_builder101

4Semana·

My investable universe

When I‘m screening markets for my investable universe I look for high-quality compounders with:

Strong and consistent capital returns (ROCE)
High and stable profitability (gross, operating, and FCF margins)
Steady revenue growth over time
Large market capitalization (mature, established companies)

In detail I’m screening for:

Market Cap: at least $ 10B
ROCE 3-Year Avg: ≥ 25%
ROCE 10-Year Avg: ≥ 25%
Gross Margin 3-Year Avg: ≥ 50%
FCF Margin 3-Year Avg: ≥ 20%
Operating Margin 10-Year Avg: ≥ 25%
Revenue per share CAGR 3-Year: ≥ 5%
Revenue per share CAGR 10-Year: ≥ 5%
FCF per share CAGR 3-Year: ≥ 10%
FCF per share CAGR 10-Year: ≥ 10%
Consistency/stability of earnings (from max. 1.0): ≥ 0.8
No more than 75% revenue exposure to one single country/market (eg. USA)

Here are my current holdings:

4Semana·

My Portfolio

Today I‘m sharing with you my main portfolio. This doesn’t include any ETF investments and crypto currencies / gold etc. since I want to focus my presence on getquin on stock-picking.

Read my 3-part portfolio strategy posts to get the full picture - here are just the main pillars of what I‘m doing:

Long-term buy and hold (average holding time 5+ years at least)
Focus on high-ROIC compounders riding secular trends (top-tier capital efficiency)
High margins, strong FCF growth, large moats (7 powers strategy)
Holding not more than 20 stocks at a time while mainly focusing on US and EU based companies

I like to divide my holdings into „core holdings“ (forever stocks) and „trend picks“ (2030 stocks) as follows:

Core Holdings (“Forever Stocks”):

Growth Picks (“2030 Stocks”):

20Puestos

37,12 %

4 Comentarios

risk_taker_1816@risk_taker_1816

4Semana

Amazon 2,5k% Plus damn what’s you’re buy in on that one

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wealth.builder101

@wealth_builder101

1Lun·

My portfolio strategy (part 3)

I use the 7 Powers framework from the book “7 Powers: The Foundations of Business Strategy” by Hamilton Helmer. It’s a killer framework for understanding why some businesses create lasting value and compound returns over time.

Each “Power” is a sustainable strategic advantage that lets a company generate outsized returns for a long time. I ask the 7 questions for each stock I am considering to buy.

1. Counter-Positioning

What it is: A new entrant adopts a superior business model that incumbents can’t copy without damaging their own biz.
Example: Netflix vs. Blockbuster. Blockbuster couldn’t move to streaming without killing its DVD revenue.
Why it matters: Creates asymmetric pressure; the old guard is paralyzed.

2. Scale Economies

What it is: Unit costs drop as volume increases.
Example: Amazon, Costco. Bigger = cheaper = stronger moat.
Why it matters: Hard to compete if you can’t match their cost base.

3. Switching Costs

What it is: Customers stick around because switching is painful.
Example: Adobe Creative Cloud, Microsoft Office, Salesforce.
Why it matters: High retention = stable cash flows = compounding machine.

4. Network Effects

What it is: The product gets better as more people use it.
Example: Meta, Visa, LinkedIn.
Why it matters: Leads to dominance, creates a feedback loop of growth.

5. Branding

What it is: Emotional or symbolic value, not just functional.
Example: L’Oréal, Hermès, Apple.
Why it matters: Lets companies charge premium prices and keeps customers loyal even if alternatives exist.

6. Cornered Resource

What it is: Exclusive access to a critical asset — talent, IP, data, supply.
Example: ASML (EUV tech), Novo Nordisk (Ozempic IP), Ferrari (brand + heritage + team).
Why it matters: If no one else can get it, you win.

7. Process Power

What it is: Unique internal processes that drive efficiency, innovation, or quality — and are hard to copy.
Example: Toyota (lean manufacturing), Amazon (logistics, culture of innovation).
Why it matters: Long-lasting edge baked into the org’s DNA.

If I had to chose one, Network effects would be the most important one for me.

Here are my current holdings:

1Lun·

If I had to chose 3 stocks for the rest of my life

I would probably pick the following 3, if I really had to buy now and hold for 5+ decades.

1. L’Oréal $OR (+0,8 %)

Why it’s high conviction:

Decades of consistent, organic growth
Massive tailwinds from skincare, anti-aging, and premiumization — especially in emerging markets
Exceptionally high ROIC and brand power
Very resilient and non-cyclical — even in downturns, people keep spending on self-care
A textbook example of a long-term compounder in the consumer space

2. S&P Global $SPGI (+1,79 %)

Why it’s high conviction:

Near-monopoly in credit ratings, indexes, and financial analytics
Asset-light, very high margins and ROIC
Direct beneficiary of long-term financial trends like ETFs and increasing regulation
Highly predictable revenue streams, capital-efficient growth
A “picks-and-shovels” play on global capital markets

3. Microsoft $MSFT (+0,68 %)

Why it’s high conviction:

Dominates key structural trends like Cloud, AI, and enterprise software
Huge share of recurring revenue, hard to disrupt
Consistently high margins and free cash flow
Strong moat across multiple segments — productivity, infrastructure, dev tools
Grows like a tech stock, defends like a consumer staple

3 Comentarios

Leo@AngelaMerkel

1Lun

Are you AI?

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wealth.builder101

@wealth_builder101

1Lun·

My portfolio strategy (part 2)

Concentrate on the following sectors: Tech, consumer, healthcare, financial (excluding banks), industrials
Smallest position size 2% / largest position size 15%
Only sell a position when it can be replaced with a position that increases the overall quality of the portfolio
Avoid companies with little to no track record or companies going through a restructuring phase

Here are my current holdings:

2 Comentarios

1Lun

I see a lot of similarities to my strategy! Could it be that you watch a certain Youtuber with the initials JC? 😏

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Invest2impress

@Invest2impress

1Lun·

Depot update

First of all, thank you for taking the time to read this post🙄 it's getting a bit long😅

As you know, the market has only gone in one direction in recent weeks and months📉, but now the wind seems to have changed 📈

since my portfolio presentation last year, I have now used the correction to some changes in the portfolio, which I would like to share with you 🙃 "Unfortunately" there was no reduction in the portfolio for the time being because there were too many attractive opportunities🥹

At the beginning of April in particular, I massively reduced my cash reserves and expanded or even doubled my positions. I also made a a few new additions in my portfolio begrüßen✌️(I actually had a few stocks inspired by the dear @Aktienhauptmeister 👀) Greetings go out 😆

In my portfolio introduction post, I mentioned that I would like to $DHR (+0,39 %) against $SYK (+1,13 %) would exchange. Now it has actually been implemented ✅ necessity is the mother of invention, which is why I have also parted with $OR (+0,8 %) I also parted with

I didn't want to share all my purchases now, that would be too much, so I'll list what I bought here 🙂

I tried as best I could to increase "every" position in the portfolio a bit🧐

First of all, I'll mention the positions that were further expanded

$VWCE (+0,88 %) + ~10k

$GRAB (+3,42 %) + ~1k to (3.38)

$BLK (+1,21 %) + ~ 1.3k (678)

$ASML (+3,66 %) + ~2.7k (555,45)

$GOOGL (+1,09 %) + ~ 1.5k (124,66)

$MPWR (+2,64 %) + ~ 1.6k (409,21)

$SOFI (+2,79 %) + ~ 0.7k (7,78)

$LIN (+0,35 %) + ~ 1.1k (388,20)

$QCOM (+0,98 %) + ~ 1.5k (113,62)

$CRWD (-1,5 %) + ~ 0.9k (289,75)

$MSCI (+3,42 %) + ~1.3k (451)

$V (+2,08 %) + ~ 1.4K (274)

$AMZN (+1,85 %) + ~ 1.4K (159,74/159,34)

$MSFT (+0,68 %) + ~ 1.7k (335/337,75)

$MC (+0,98 %) + ~ 1.9k (482,31)

$NOVO B (+1,22 %) + ~ 2.5k (51,68)

$ABBV (+0,57 %) +~ 1.5k (152)

$NVDA (+2,11 %) +~ 2k (85,04)

$UNH (+1,33 %) +~ 1.7k (336,30)

$PEP (+1,27 %) +~ 1.1k (114,97)

$MRK (+0 %) +~ 1k (67,70)

------------------

now to the new arrivals 🤩 the ones now mentioned below I opened the positions for the first time 😇

$SYK (+1,13 %) ~ 2.1k (305,72)

$META (+1,81 %) ~ 1.4k (467,30)

$AVGO (+3,82 %) ~ 1.1k (156,76)

$ISRG (+0,89 %) ~ 1.6k (398,30)

$SPGI (+1,79 %) ~ 1.2k (403,22)

$ANET (+2,74 %) ~ 1.8k (70,50/58,65)

$UNP (+0,23 %) ~ 0.9k (187,56)

$CAT (+1,26 %) ~ 1.5k (246,50)

(I hope I have not forgotten anything)

I have invested a total of about 45k and am absolutely satisfied with my investment case. Now I have no more buffer to add 🥲 in the next few months I will build up cash again 😬

Now I'm curious to see what you've bought, my dear investors?

Like for example @Aktienhauptmeister
@Max095
@Tenbagger2024
@Simpson 🫣

thanks again for reading 🥸

in that sense

have a nice weekend ✌️

01.04

Danaher

Vendido x5 en 185,08 €

925,40 €

0,96 %

23 Comentarios

Tenbagger2024@Tenbagger2024

1Lun

Danaher has always been hyped in 2023 by a well-known YouTuber or finfluencer on a weekly basis. And once I wrote to him in the comments "That won't work, let him choose another stock". But it didn't stop him 🙈😂.
Intuitive surgil is still the market leader but is facing competition, including from Stryker. But you have both. And robotics is only just beginning and will continue to grow.
Unfortunately, I sold Arista. However, it should continue to benefit from investments in AI.
I'm starting to hate LVMH 🙈. It's been a drag on my portfolio for a long time. And I'd rather sell it today than tomorrow. But somehow I also believe in a recovery and that's why it's staying put for now.
Well, the Apple statement about Google has caused uncertainty at Alphabet. We'll have to see how Google counters this now. But I'm sticking with it for now. And I have already written something about this in another post.
I am somewhat skeptical about Merck due to expiring patents of the blockbuster.
Novo is the market leader, but is facing increasing competition and the pie is getting smaller.
I see more potential in the biotech sector, but the risk here is also greater.
The semiconductor sector will remain volatile. The Chinese are continuing to catch up, see Huawei. And often the smallest announcement is enough to push the sector down again.
But there is still potential.
Whereby phase 2 and phase 3 have long been initiated in the AI sector. And you have to find the pearls here.
I think you're missing a few European or Asian stocks.
And you are quite invested in tech

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wealth.builder101

@wealth_builder101

1Lun·

My portfolio strategy (part 1)

My Portfolio is a selection of 15-25 companies which I am buying and planning on never selling. The overall criteria for my #investableuniverse are the following. I will go in-depth in another post:

Little capital needed to run the business (high ROCE)
High returns on invested capital (high ROIC)
Profitability track-record with high gross margins / operating margins / high free cash flow margins
High free cashflow growth / substantial revenue growth
Global revenue diversification
Low cyclicality
#tollbooth Company - Large moat / brand name in the industry / no alternatives to the product
Predictable sources of future growth / global trends

Here are my current holdings: