HOPE – HOPE BANCORP, INC. (HQ: USA/Industry: Banks)
Hope Bancorp principal business activities consist of earning interest on loans and investment securities that are primarily funded by customer deposits and other borrowings. Operating revenues consist of the difference between interest received and interest paid, gains and losses on the sale of financial assets, and fees earned for financial services provided to our customers.

10-Year Financial Summary (Recent/Average)
Revenue: $552M/$425M, with 2 declining years and 7.4% YoY growth
EPS (USD): 1.66/1.18, with 4 declining years and 84.4% YoY growth
BV (USD): 17.29/13.53, with 0 declining years and 4.5% YoY growth
FCF: $317M/$164M, with 3 declining years and 96.9% YoY growth
Dividend: Increased 1,020%, with 0 declining years
Share Count: Increased 58%

The stock is trading below its margin of safety intrinsic value by 25%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1128361&owner=exclude

TX – TERNIUM SA (HQ: Luxembourg/Industry: Metals & Mining)
Ternium is Latin America’s leading flat steel producer. Its customers range from small businesses to large global companies in the automotive, home appliances, heat, ventilation and air conditioning, construction, capital goods, container, food and energy industries across the Americas.

10-Year Financial Summary (Recent/Average)
Revenue: $16.1B/$9.7B, with 6 declining years and 84.2% YoY growth
EPS (USD): 19.50/4.36, with 3 declining years and 387.5% YoY growth
BV (USD): 49.43/29.72, with 2 declining years and 45.1% YoY growth
FCF: $2.2B/$697M, with 5 declining years and 79.4% YoY growth
Dividend: Increased 287%
Share Count: Remained the same

The stock is trading below its margin of safety intrinsic value by 8%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1342874&owner=exclude

PSX – PHILLIPS 66 (HQ: USA/Industry: Oil, Gas & Consumable Fuels)
Phillips 66 is organized into four operating segments. Midstream, which provides crude oil and refined petroleum product transportation. Chemical, that manufactures and markets petrochemicals and plastics on a worldwide basis. Refining, of crude oil and other feedstocks into petroleum products. Marketing and Specialties, which purchases for resale and markets refined petroleum products and renewable fuels.

10-Year Financial Summary (Recent/Average)
Revenue: $111.5B/$119.2B, with 7 declining years and 73.8% YoY growth
EPS (USD): 2.97/5.38, with 6 declining years
BV (USD): 41.39/43.64, with 3 declining years and -8.3% YoY decrease
FCF: $4.2B/$1.8B, with 4 declining years
Dividend: Increased 704%, with 1 declining year
Share Count: Decreased -31%

To value the business at the 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=1534701&owner=exclude

TNL – TRAVEL + LEISURE CO. (HQ: USA/Industry: Hotels, Restaurants & Leisure)
Travel + Leisure is the world’s leading membership and leisure travel company, with numerous brands across its resort, travel club, and lifestyle portfolio. The company provides vacation experiences and travel inspiration to millions of owners, members, and subscribers through its products and services. The company has the following business lines, Wyndham Destinations, Panorama and Travel + Leisure Group.

10-Year Financial Summary (Recent/Average)
Revenue: $3.1B/$4.4B, with 3 declining years and 45.1% YoY growth
EPS (USD): 3.52/4.18, with 3 declining years
BV (USD): -9.97/2.79, with 9 declining years and currant year being negative
FCF: $511M/$620M, with 4 declining years and 67.5% YoY growth
Dividend: Increased 36%, with 4 declining years
Share Count: Decreased -40%

The stock is trading below its margin of safety intrinsic value by 7%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1361658&owner=exclude

XPER – XPERI HOLDING CORPORATION (HQ: USA/Industry: Software)
Xperi is a leading consumer and entertainment product/solutions licensing company and one of the industry’s largest intellectual property licensing platforms, with a diverse portfolio of media and semiconductor intellectual property and more than 11,000 patents and patent applications worldwide. The company creates extraordinary experiences at home and on the go for millions of consumers around the world, elevating content and how audiences connect with it in a way that is more intelligent, immersive and personal.

10-Year Financial Summary (Recent/Average)
Revenue: $878M/$405M, with 6 declining years and -1.6% YoY decrease
EPS (USD): -0.53/0.13, with 7 declining years and currant year being negative and -130.3% YoY decrease
BV (USD): 13.36/10.96, with 4 declining years and 8.4% YoY growth
FCF: $221M/$133M, with 5 declining years and -40.1% YoY decrease
Dividend: Decreased -33%, with 3 declining years
Share Count: Increased 102%

To value the business at the current market price the company would need more than a 8% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1803696&owner=exclude