MTB – M&T BANK CORPORATION (HQ: USA/Industry: Banks)

52 Week Lo/Hi Price: 128.46 / 186.95

10-Year Financial Summary (Recent/Average)
Revenue: $6B/$5.3B, with 2 declining years and 0.6% YoY growth
EPS (USD): 13.80/9.71, with 3 declining years and 38.8% YoY growth
BV (USD): 122.61/95.71, with 1 declining year and 5.9% YoY growth
FCF: $2.6B/$1.5B, with 4 declining years and 315.9% YoY growth
Dividend: Increased 61%, with 0 declining years
Share Count: Decreased -1%

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

LSI – LIFE STORAGE, INC. (HQ: USA/Industry: Equity Real Estate Investment Trusts (REITs))

52 Week Lo/Hi Price: 92.77 / 154.45

10-Year Financial Summary (Recent/Average)
Revenue: $749M/$433M, with 0 declining years and 38.7% YoY growth
EPS (USD): 3.17/2.04, with 2 declining years and 48.8% YoY growth
BV (USD): 38.08/25.95, with 3 declining years and 25.6% YoY growth
FCF: $434M/$230M, with 0 declining years and 45.2% YoY growth
Dividend: Increased 157%, with 0 declining years
Share Count: Increased 80%

To value the business at the current market price the company would need more than a 19% per year growth for the next 10-years

DNOW – NOW INC. (HQ: USA/Industry: Trading Companies & Distributors)

52 Week Lo/Hi Price: 6.83 / 11.87

10-Year Financial Summary (Recent/Average)
Revenue: $1.6B/$2.9B, with 5 declining years and 0.8% YoY growth
EPS (USD): 0.05/-0.82, with 4 declining years
BV (USD): 6.32/11.56, with 5 declining years and -5% YoY decrease
FCF: $25M/$120M, with 5 declining years and -86.2% YoY decrease
Company does not pay a dividend
Share Count: Increased 3%

To value the business at the current market price the company would need more than a 2% per year growth for the next 10-years

VGR – VECTOR GROUP LTD. (HQ: USA/Industry: Tobacco)

52 Week Lo/Hi Price: 7.69 / 13.28

10-Year Financial Summary (Recent/Average)
Revenue: $1.2B/$1.6B, with 3 declining years and -39% YoY decrease
EPS (USD): 1.40/0.52, with 4 declining years and 133.3% YoY growth
BV (USD): -3.73/-2.43, with 8 declining years and currant year being negative
FCF: $242M/$128M, with 4 declining years and -2.4% YoY decrease
Dividend: Decreased -27%, with 1 declining year
Share Count: Increased 28%

To value the business at the current market price the company would need more than a 4% per year growth for the next 10-years

FDP – FRESH DEL MONTE PRODUCE INC. (HQ: Cayman Islands/Industry: Food Products)

52 Week Lo/Hi Price: 24.10 / 36.57

10-Year Financial Summary (Recent/Average)
Revenue: $4.3B/$4.1B, with 4 declining years and 1.2% YoY growth
EPS (USD): 1.68/1.59, with 5 declining years and 63.1% YoY growth
BV (USD): 38.07/35.24, with 2 declining years and 5% YoY growth
FCF: $30M/$67M, with 6 declining years and -3.2% YoY decrease
Dividend: Increased 25%, with 1 declining year
Share Count: Decreased -17%

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