YELP – YELP INC. (HQ: USA/Industry: Interactive Media & Services)
Yelp was founding with a mission to connect consumers with great local businesses. The company has built consumers trust through ratings and reviews of businesses across a broad range of categories. This consumer trust is the foundation of its business, from which the company is able to empower other businesses to succeed. With advertising products help businesses of all sizes reach a large audience, advertise their products and drive conversion of their services.

10-Year Financial Summary (Recent/Average)
Revenue: $1B/$672M, with 1 declining year and 18.2% YoY growth
EPS (USD): 0.50/0.27, with 5 declining years
BV (USD): 10.83/8.79, with 3 declining years and -0.1% YoY decrease
FCF: $184M/$85M, with 4 declining years and 32.4% YoY growth
Company does not pay a dividend
Share Count: Increased 46%

To value the business at the 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=1345016&owner=exclude

BIDU – BAIDU, INC. (HQ: China/Industry: Interactive Media & Services)
Baidu was founded as a search engine business with the belief that technology can change the way people discover and consume information. At the heart of Baidu search is its ability to better understand a users’ search queries and to answer these queries by matching the most relevant information in ranked search results. To achieve this, the company continuously innovate and develop new technologies and products that enhance Baidu search user experience.

10-Year Financial Summary (Recent/Average)
Revenue: $19.6B/$12B, with 1 declining year and 16.3% YoY growth
EPS (USD): 4.41/7.14, with 3 declining years and -56.8% YoY decrease
BV (USD): 15.09/7.37, with 1 declining year and 19.1% YoY growth
FCF: $1.4B/$2B, with 3 declining years and -52.9% YoY decrease
Company does not pay a dividend
Share Count: Increased 1%

To value the business at the current market price the company would need more than a 9% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1329099&owner=exclude

MAR – MARRIOTT INTERNATIONAL, INC. (HQ: USA/Industry: Hotels, Restaurants & Leisure)
Marriot is a worldwide operator, franchisor, and licensor of hotel, residential, and timeshare properties under numerous brand names at different price and service points. Consistent with its focus on management, franchising, and licensing, the company owns very few of its lodging properties. Some of the company’s brands include The Ritz-Carlton, W Hotels, Westin, Fairfield, Residence Inn, Four Points, Marriott, St Regis, among many others.

10-Year Financial Summary (Recent/Average)
Revenue: $13.9B/$15.9B, with 3 declining years and 31.1% YoY growth
EPS (USD): 3.34/2.77, with 3 declining years
BV (USD): 2.82/1.09, with 8 declining years and 297.2% YoY growth
FCF: $994M/$1.2B, with 4 declining years and -33.9% YoY decrease
Company does not pay a dividend
Share Count: Decreased -1%

To value the business at the current market price the company would need more than a 18% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1048286&owner=exclude

HCA – HCA HEALTHCARE, INC. (HQ: USA/Industry: Health Care Providers & Services)
HCA Healthcare is one of the leading health care services companies in the United States. With the company operating 182 hospitals, comprised of 175 general, acute care hospitals; five psychiatric hospitals; and two rehabilitation hospitals. In addition, the company operated 125 freestanding surgery centers and 21 freestanding endoscopy centers.

10-Year Financial Summary (Recent/Average)
Revenue: $58.8B/$43.7B, with 0 declining years and 14% YoY growth
EPS (USD): 21.16/8.21, with 4 declining years and 93.6% YoY growth
BV (USD): -2.28/-14.90, with 2 declining years and currant year being negative
FCF: $5.4B/$3.2B, with 3 declining years and -15.9% YoY decrease
Dividend: Increased 37%, with 2 declining years
Share Count: Decreased -28%

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

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=860730&owner=exclude

NXRT – NEXPOINT RESIDENTIAL TRUST, INC. (HQ: USA/Industry: Equity Real Estate Investment Trusts (REITs))
NexPoint Residential Trust is focused on value-add multifamily investments primarily located in the Southeastern and Southwestern United States.

9-Year Financial Summary (Recent/Average)
Revenue: $219M/$132M, with 1 declining year and 6.8% YoY growth
EPS (USD): 0.89/0.98, with 5 declining years and -48.9% YoY decrease
BV (USD): 15.90/13.02, with 3 declining years and 1.8% YoY growth
FCF: $73M/$36M, with 1 declining year and 28.1% YoY growth
Dividend: Increased 130%, with 0 declining years
Share Count: Increased 24%

To value the business at the current market price the company would need more than a 21% per year growth for the next 10-years

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1620393&owner=exclude