VTRS – VIATRIS INC. (HQ: USA/Industry: Pharmaceuticals)
Viatris is a global healthcare company whose mission is to empower people worldwide to live healthier at every stage of life, regardless of geography or circumstance. Improving the ability of patients to gain access to sustainable and high-quality healthcare is a relentless pursuit for the company. One that rests on visionary thinking, determination and best-in-class capabilities that were strategically built to remove barriers across the health spectrum and advance access globally.

Recent 10-Year Financial Summary
Revenue: Increased 163%, with 1 declining year
EPS: Decreased -169%, with 5 declining years
BV: Increased 107%, with 3 declining years
FCF: Increased 289%, with 4 declining years
Share Count: Increased 188%
Company only recently began paying a dividend

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=1792044&owner=exclude

NPK – NATIONAL PRESTO INDUSTRIES, INC. (HQ: USA/Industry: Aerospace & Defense)
National Presto Industries consists of three business segments, which are housewares/small appliance (enriching the lives of consumers by making life easier), defense, and safety segment.

Recent 10-Year Financial Summary
Revenue: Decreased -25%, with 6 declining years
EPS: Decreased -36%, with 4 declining years
BV: Increased 19%, with 4 declining years
FCF: Decreased -35%, with 5 declining years
Share Count: Increased 0%
Dividend: Decreased -50%, with 1 declining year

To value the business at their 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=80172&owner=exclude

LSTR – LANDSTAR SYSTEM, INC. (HQ: USA/Industry: Road & Rail)
Landstar is a worldwide technology-enabled, asset-light provider of integrated transportation management solutions. The company offers services to its customers across multiple transportation modes, with the ability to arrange for individual shipments of freight to comprehensive third party logistics solutions to meet all of a customer’s transportation needs.

Recent 10-Year Financial Summary
Revenue: Increased 134%, with 3 declining years
EPS: Increased 260%, with 4 declining years
BV: Increased 192%, with 1 declining year
FCF: Increased 113%, with 4 declining years
Share Count: Decreased -19%
Dividend: Increased 300%, with 1 declining year

To value the business at their current market price the company would need more than a 13% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=853816&owner=exclude

UONE – URBAN ONE, INC. (HQ: USA/Industry: Media)
Urban One is an urban-oriented, multi-media company that primarily targets African-American and urban consumers. With its core business being radio broadcasting franchise which is the largest radio broadcasting operation that primarily targets African-American and urban listeners.

Recent 10-Year Financial Summary
Revenue: Increased 4%, with 5 declining years
EPS: Increased -153%, with 5 declining years
BV: Increased 68%, with 7 declining years
FCF: Increased 124%, with 4 declining years
Share Count: Increased 8%
Company does not pay a dividend

The stock currently trades close to its margin of safety intrinsic value.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1041657&owner=exclude

BWA – BORGWARNER INC. (HQ: USA/Industry: Auto Components)
BorgWarner is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles. Its products help improve vehicle performance, propulsion efficiency, stability and air quality. The Company manufactures and sells these products worldwide, primarily to original equipment manufacturers of light vehicles, vans and light trucks.

Recent 10-Year Financial Summary
Revenue: Increased 107%, with 3 declining years
EPS: Increased 7%, with 6 declining years
BV: Increased 108%, with 1 declining year
FCF: Increased 35%, with 5 declining years
Share Count: Decreased -1%
Dividend: Increased 172%, with 0 declining years

To value the business at their current market price the company would need more than a 6% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=908255&owner=exclude