GWW – W. W. GRAINGER, INC. (HQ: USA/Industry: Trading Companies & Distributors)
W.W. Grainger is a broad line, business-to-business distributor of maintenance, repair and operating products and services with operations primarily in North America, Japan and the United Kingdom.

Recent 10-Year Financial Summary
Revenue: Increased 45%, with 0 declining years
EPS: Increased 108%, with 2 declining years
BV: Decreased -18%, with 4 declining years
FCF: Increased 20%, with 3 declining years
Share Count: Decreased -27%
Dividend: Increased 109%, with 0 declining years

To value the business at their current market price the company would need more than a 17% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=277135&owner=exclude

HUM – HUMANA INC. (HQ: USA/Industry: Health Care Providers & Services)
Humana is a leading health and well-being company committed to helping millions of medical and specialty members achieve their best health. The company’s successful history in care delivery and health plan administration is helping to create a new kind of integrated care with the power to improve health and well‐being and lower costs. With its efforts leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

Recent 10-Year Financial Summary
Revenue: Increased 112%, with 1 declining year
EPS: Increased 203%, with 5 declining years
BV: Increased 126%, with 1 declining year
FCF: Decreased -37%, with 6 declining years
Share Count: Decreased -21%
Dividend: Increased 172%, with 1 declining year

To value the business at their current market price the company would need more than a 11% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=49071&owner=exclude

TKR – THE TIMKEN COMPANY (HQ: USA/Industry: Machinery)
Timken designs and manages a portfolio of engineered bearings and power transmission products and related services. While the company remains the world’s leading authority in tapered roller bearings, and has leveraged that expertise to develop a full portfolio of industry-leading engineered bearings and power transmission products.

Recent 10-Year Financial Summary
Revenue: Decreased -17%, with 6 declining years
EPS: Decreased -6%, with 4 declining years
BV: Increased 31%, with 2 declining years
FCF: Decreased -27%, with 4 declining years
Share Count: Decreased -21%
Dividend: Increased 29%, with 0 declining years

The stock is trading slightly below its margin of safety intrinsic value

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=98362&owner=exclude

ATLC – ATLANTICUS HOLDINGS CORPORATION (HQ: USA/Industry: Consumer Finance)
Atlanticus is principally engaged in providing products and services to lenders in the U.S. and, in most cases, investing in the receivables originated by lenders who utilize its technology platform and other related services. From time to time, the company also purchase receivables portfolios from third parties.

Recent 10-Year Financial Summary
Revenue: Increased 203%, with 5 declining years
EPS: Increased 500%, with 5 declining years
BV: Increased 1,331%, with 6 declining years
FCF: Increased 561%, with 4 declining years
Share Count: Increased 11%
Company does not pay a dividend

To value the business at their current market price the company would need more than a 7% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1464343&owner=exclude

REGI – RENEWABLE ENERGY GROUP, INC. (HQ: USA/Industry: Oil, Gas & Consumable Fuels)
Renewable Energy Group is one of North America’s largest producers of advanced biofuels focused on providing cleaner, lower carbon transportation fuels. The company utilizes a nationwide production, distribution and logistics system as part of an integrated value chain model designed to convert natural fats, oils and greases into advanced biofuels.

Recent 10-Year Financial Summary
Revenue: Increased 220%, with 2 declining years
EPS: Increased 1544%, with 5 declining years
BV: Increased 213%, with 4 declining years
FCF: Decreased -463%, with 6 declining years and the current year being negative
Share Count: Increased 41%
Company does not pay a dividend

To value the business at their current market price the company would need more than a 16% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1463258&owner=exclude