CMG – CHIPOTLE MEXICAN GRILL, INC. (HQ: USA/Industry: Hotels, Restaurants & Leisure)
Chipotle Mexican Grill operates restaurants, which feature a relevant menu of burritos, burrito bowls, quesadillas, tacos, and salads. The company strives to cultivate a better world by serving responsibly sourced, classically cooked, real food with wholesome ingredients and without artificial colors, flavors or preservatives. Being passionate about providing a great guest experience and making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose.

Recent 10-Year Financial Summary
Revenue: Increased 176%, with 1 declining year
EPS: Increased 162%, with 1 declining year
BV: Increased 105%, with 2 declining years
FCF: Increased 277%, with 4 declining years
Share Count: Decreased -9%
Company does not pay a dividend

To value the business at their current market price the company would need more than a 30% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1058090&owner=exclude

SWM – SCHWEITZER-MAUDUIT INTERNATIONAL, INC. (HQ: USA/Industry: Paper & Forest Products)
Schweitzer-Mauduit International is a leading global performance materials company, focused on bringing best-in-class innovation, design, and manufacturing solutions to its customers. With highly engineered films, adhesive tapes, foams, nets, nonwovens, and papers are designed and manufactured using resins, polymers, and natural fibers for a variety of industries and specialty applications.

Recent 10-Year Financial Summary
Revenue: Increased 83%, with 4 declining years
EPS: Increased 12%, with 6 declining years
BV: Increased 23%, with 3 declining years
FCF: Decreased -87%, with 5 declining years
Share Count: Has remained the same
Dividend: Increased 291%, with 0 declining years

The stock currently trades slightly below its margin of safety intrinsic value

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1000623&owner=exclude

CZR – CAESARS ENTERTAINMENT, INC. (HQ: USA/Industry: Hotels, Restaurants & Leisure)
Caesars Entertainment is a geographically diversified gaming and hospitality company. With its primary source of revenue generated by casino properties’ gaming operations, retail and online sports betting, as well as online gaming, while also utilizing its hotels, restaurants, bars, entertainment, racing, retail shops and other services to attract customers to its properties.

Recent 10-Year Financial Summary
Revenue: Increased 3,653%, with 1 declining year
BV: Increased 548%, with 2 declining years
FCF: Increased 1,689%, with 5 declining years
Share Count: Increased 359%
Company does not pay a dividend

To value the business at their current market price the company would need more than a 34% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1590895&owner=exclude

NP – NEENAH, INC. (HQ: USA/Industry: Paper & Forest Products)
Neenah is a specialty materials company organized into two primary businesses, a performance-based technical products business and a premium fine paper and packaging business. With the technical products business being a leading international producer of transportation, water and other filter media and durable, saturated, and coated substrates for a variety of end markets. While the fine paper and packaging business is a leading supplier of premium printing, packaging, and other high-end specialty papers predominantly in North America.

Recent 10-Year Financial Summary
Revenue: Increased 27%, with 3 declining years
EPS: Decreased -156%, with 4 declining years and current year being negative
BV: Increased 57%, with 2 declining years
FCF: Increased 2,400%, with 6 declining years
Share Count: Increased 6%
Dividend: Increased 294%, with 0 declining years

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=1296435&owner=exclude

NWLI – NATIONAL WESTERN LIFE GROUP, INC. (HQ: USA/Industry: Insurance)
National Western offers a broad portfolio of individual whole life, universal life and term insurance plans, and annuities, including supplementary riders.

Recent 10-Year Financial Summary
Revenue: Increased 24%, with 4 declining years
EPS: Increased 95%, with 2 declining years
BV: Increased 84%, with 0 declining years
FCF: Decreased -8%, with 3 declining years
Share Count: Has remained the same
Dividend payment remained constant

The stock currently trades below its margin of safety intrinsic value

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1635984&owner=exclude