HLT – HILTON WORLDWIDE HOLDINGS INC. (HQ: USA/Industry: Hotels, Restaurants & Leisure)
Hilton is one of the largest hospitality companies in the world, and has been an innovator in the industry for more than 100 years, to fill the earth with the light and warmth of hospitality. The company’s brand portfolio includes: Waldorf Astoria, LXR Hotels, Conrad, Canopy, Tempo, Hilton, Curio Collection, DoubleTree, Hilton Garden Inn, Hampton, Embassy Suites, among many others.

10-Year Financial Summary (Recent/Average)
Revenue: $5.8B/$9B, with 3 declining years and 34.4% YoY growth
EPS (USD): 1.46/1.76, with 3 declining years
BV (USD): -4.04/6.59, with 5 declining years and currant year being negative
FCF: $30M/$875M, with 6 declining years and -95.1% YoY decrease
Company did no pay a dividend last year
Share Count: Decreased -8%

To value the business at the current market price the company would need more than a 22% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1585689&owner=exclude

SMP – STANDARD MOTOR PRODUCTS, INC. (HQ: USA/Industry: Auto Components)
Standard Motor Products is a leading manufacturer and distributor of premium replacement parts utilized in the maintenance, repair and service of vehicles in the automotive aftermarket industry. In addition, the company continues to increase its supplier capabilities with a complementary focus on specialized original equipment parts for manufacturers across multiple industries such as agriculture, heavy duty, and construction equipment.

10-Year Financial Summary (Recent/Average)
Revenue: $1.3B/$1.1B, with 4 declining years and 15.1% YoY growth
EPS (USD): 4.02/2.31, with 4 declining years and 60.2% YoY growth
BV (USD): 26.65/19.62, with 0 declining years and 9.3% YoY growth
FCF: $60M/$58M, with 4 declining years and -25% YoY decrease
Dividend: Increased 178%, with 1 declining year
Share Count: Decreased -73%

The stock is trading below its margin of safety intrinsic value by 17%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=93389&owner=exclude

RS – RELIANCE STEEL & ALUMINUM CO. (HQ: USA/Industry: Metals & Mining)
Reliance Steel & Aluminum is a leading diversified metal solutions provider and the largest metals service center company in North America. The company provides value-added metals processing services and distributes a full line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to customers in a broad range of industries.

10-Year Financial Summary (Recent/Average)
Revenue: $14.1B/$10.1B, with 5 declining years and 59.9% YoY growth
EPS (USD): 21.97/7.76, with 3 declining years and 288.2% YoY growth
BV (USD): 94.82/64.60, with 0 declining years and 19.7% YoY growth
FCF: $562M/$562M, with 6 declining years and -43.9% YoY decrease
Dividend: Increased 244%, with 2 declining years
Share Count: Decreased -16%

To value the business at the 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=861884&owner=exclude

BOC – BOSTON OMAHA CORPORATION (HQ: USA/Industry: Media)
Boston Omaha operates three separate lines of business: outdoor billboard advertising, surety insurance and related brokerage activities and broadband services businesses. In addition, the company hold minority investments in commercial real estate management and brokerage services, a bank focused on servicing the automotive loan market, and a homebuilding company.

7-Year Financial Summary (Recent/Average)
Revenue: $57M/$25M, with 1 declining year and 23.9% YoY growth
EPS (USD): 1.82/-0.14, with 3 declining years
BV (USD): 16.96/14.06, with 3 declining years and 20.3% YoY growth
FCF: $-13M/$-3M, with 5 declining years and currant year being negative
Company does not pay a dividend
Share Count: Increased 2,800%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1494582&owner=exclude

CTXS – CITRIX SYSTEMS, INC. (HQ: USA/Industry: Software)
Citrix is an enterprise software company focused on helping organizations deliver a consistent and secure work experience no matter where work needs to get done — in the office, at home, or in the field. The company does this by delivering a digital workspace solution that provides unified, reliable and secure access to all work resources and simplifies work execution and collaboration across every work channel, device, and location.

10-Year Financial Summary (Recent/Average)
Revenue: $3.2B/$3.1B, with 2 declining years and -0.6% YoY decrease
EPS (USD): 2.44/2.58, with 6 declining years and -39% YoY decrease
BV (USD): 3.20/10.65, with 5 declining years and 471.4% YoY growth
FCF: $576M/$787M, with 4 declining years and -35% YoY decrease
Company does not pay a dividend
Share Count: Decreased -33%

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

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=877890&owner=exclude