PII – POLARIS INC. (HQ: USA/Industry: Leisure Products)
Polaris designs, engineers and manufactures powersports vehicles which include, Off-Road Vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility use, snowmobiles, motorcycles, global adjacent markets vehicles, including commercial, government and defense vehicles, and boats. The company also designs and manufactures or source parts, garments and accessories related to its vehicles and aftermarket products and services for off-road and on-road vehicles.

10-Year Financial Summary (Recent/Average)
Revenue: $8.2B/$5.4B, with 1 declining year and 16.7% YoY growth
EPS (USD): 7.88/4.94, with 4 declining years and 296% YoY growth
BV (USD): 20.06/14.66, with 3 declining years and 31% YoY growth
FCF: $-4M/$329M, with 4 declining years and currant year being negative and -100.5% YoY decrease
Dividend: Increased 70%, with 0 declining years
Share Count: Decreased -11%

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=931015&owner=exclude

NYCB – NEW YORK COMMUNITY BANCORP, INC. (HQ: USA/Industry: Thrifts & Mortgage Finance)
New York Community Bancorp current market for deposits consists of the 26 counties in the five states that are served by its branch network, including all five boroughs of New York City.

10-Year Financial Summary (Recent/Average)
Revenue: $1.4B/$1.2B, with 6 declining years and 16.3% YoY growth
EPS (USD): 1.20/0.89, with 5 declining years and 17.6% YoY growth
BV (USD): 13.90/13.01, with 2 declining years and 3.5% YoY growth
FCF: $286M/$570M, with 7 declining years and -14.4% YoY decrease
Dividend: Decreased -32%, with 1 declining year
Share Count: Increased 6%

The stock is trading below its margin of safety intrinsic value by 24%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=910073&owner=exclude

HNI – HNI CORPORATION (HQ: USA/Industry: Commercial Services & Supplies)
HNI is a provider of workplace furnishings and residential building products. Workplace furnishings include furniture systems, seating, storage, tables, and architectural products. Residential building products include a full array of gas, wood, electric, and pellet-fueled fireplaces, inserts, stoves, facings, and accessories.

10-Year Financial Summary (Recent/Average)
Revenue: $2.2B/$2.2B, with 4 declining years and 11.7% YoY growth
EPS (USD): 1.36/1.70, with 3 declining years and 38.8% YoY growth
FCF: $65M/$91M, with 4 declining years and -62.4% YoY decrease
Dividend: Increased 31%, with 0 declining years
Share Count: Decreased -4%

The stock is fairly valued but only takes into account a 90% margin of safety when ideally it should be 65%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=48287&owner=exclude

CTSH – COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION (HQ: USA/Industry: IT Services)
Cognizant is one of the world’s leading professional services companies, engineering modern business for the digital era. Its services include digital services and solutions, consulting, application development, systems integration, application testing, application maintenance, infrastructure services and business process services.

10-Year Financial Summary (Recent/Average)
Revenue: $18.5B/$13.5B, with 1 declining year and 11.1% YoY growth
EPS (USD): 4.05/2.73, with 4 declining years and 57.6% YoY growth
BV (USD): 21.99/16.11, with 0 declining years and 4.6% YoY growth
FCF: $2.2B/$1.8B, with 3 declining years and -23.6% YoY decrease
Dividend: Increased 113%, with 0 declining years
Share Count: Decreased -14%

The stock is fairly valued but only takes into account a 96% margin of safety when ideally it should be 90%

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1058290&owner=exclude

CTG – COMPUTER TASK GROUP, INCORPORATED (HQ: USA/Industry: IT Services)
Computer Task Group provides information technology and related services to its clients. These services include information and technology related solutions, including supplemental staffing as a solution.

10-Year Financial Summary (Recent/Average)
Revenue: $392M/$374M, with 6 declining years and 7.1% YoY growth
EPS (USD): 0.92/0.23, with 5 declining years and 73.6% YoY growth
BV (USD): 5.50/5.36, with 4 declining years and 10.2% YoY growth
FCF: $5M/$7M, with 5 declining years and -82.1% YoY decrease
Company does not pay a dividend
Share Count: Decreased -12%

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=23111&owner=exclude