immagine del profilo
For me, too much emphasis was placed on chart and the moat.

The balance sheet and growth rates should be analyzed before every investment.
This also explains why we are seeing slower growth.

Profits are rising here and sales are only in the lower 2-digit range.
This means that I see a P/E ratio of around 30 as really justified here and no longer the average of 40 to 50 P/E ratios seen years ago.

In addition, we have a return on investment of 20 to 30% here and that is exactly what we want to see.
The number of shares is falling nicely.

There is a lot of positive here, but you have to keep an eye on the debt, which tends to rise, as the cash is not quite enough to cover the debt.
But all this is still within reason.

There is a lot more here, but it should be enough for now.
For me, the only important thing in the chart here is an upward trend and, in the best case scenario, it should be entered at significant support levels.

However, if the balance sheet here is good and runs as smoothly as visa's in the long term, the chart can move upwards.

For the majority, fundamental analysis should be more important, but for me it is exciting to see the chart situation.

A nice contribution
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immagine del profilo
@schokosahne Thank you for this great comment! A wonderful addition!
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