Laxputs Posted October 15, 2014 Share Posted October 15, 2014 I have very few European companies I am watching. There must be some micro-cap gems out there where the baby is being thrown out with the bath water. So if you have some ideas try to fit some rough guidelines: -Under 1b mcap -Decent management -Cheap on a FCF multiple basis and/or EV/EBITDA -Low debt (high interest coverage costs if debt) Link to comment Share on other sites More sharing options...
magno111 Posted October 15, 2014 Share Posted October 15, 2014 Easy Ipsos SA, business is similar to Nielsen, it is a good biz, monopoly controlled by 4 firms. EPS will be 2,66€, it trades for 18€ so it is like 6.7x PER, revenues flat, 2x debt/EBITDA, comps in europe like GFK with similar margins, revenue trends and debt trades for 15x. it has lots of insider ownership. the big drop in summer was caused because they said they won't grow in 2014 and 2015... market was expecting growth like it was in the past at 10%... it got hammered. Euro hurt them in the first part of the year but now is reversing. it is curious, it's trading at similar levels of 2008 crash... Could be a potential acquisition target for Nielsen. it is very resilient business during reccesions. Link to comment Share on other sites More sharing options...
Laxputs Posted October 15, 2014 Author Share Posted October 15, 2014 Great start! Thanks. I'll spend some time on it. Looks like original research time as I can't find anything out there in the Value Investing community. Not a bad sign at all. Link to comment Share on other sites More sharing options...
randomep Posted October 16, 2014 Share Posted October 16, 2014 Sh**t euro crisis again? When will it stop! My fav at the moment is European Reliance, a greek insurance company, not P&C. http://bovinebear.blogspot.com/search/label/EUPIC Link to comment Share on other sites More sharing options...
Laxputs Posted October 16, 2014 Author Share Posted October 16, 2014 Can't get EUPIC on IB. Thanks though. Link to comment Share on other sites More sharing options...
CorpRaider Posted October 16, 2014 Share Posted October 16, 2014 LRE:LN might be in your target market cap soon. Link to comment Share on other sites More sharing options...
randomep Posted October 16, 2014 Share Posted October 16, 2014 Can't get EUPIC on IB. Thanks though. Consider a fidelity account then! Link to comment Share on other sites More sharing options...
Laxputs Posted October 17, 2014 Author Share Posted October 17, 2014 Canadian. Link to comment Share on other sites More sharing options...
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