리포트 아카이브
전체 리서치
45페이지 중 27페이지 · 리포트 1080건
35/100
23Buffett
Eversource Energy: A Long-Term Business Owner's Deep Dive
New England's largest energy delivery system, a regulated electric/gas/water utility serving 4.6 million customers. Connecticut regulation, the FERC ROE dispute, and a massive capex program keep the valuation under pressure; ideal buy at $55-62. Rating Watch: a durable, defensive cash-distribution asset whose return ceiling is capped by regulators, trading near fair value with no meaningful margin of safety at the current price.
44/100
Boqian New Materials: SUN-R Investment Analysis Framework Research Report
China's leading high-end MLCC nickel powder maker, built on a PVD process route, industry-standard authorship, and a long-term contract with Company X. At RMB 182.45 the stock trades at a static PE of about 217x, already above the top of the SUN-R framework's optimistic range; ideal buy zone RMB 90-115. Rating: Watch.
51/100
84Buffett
Texas Pacific Land: A Deep Value Investment Study
A West Texas surface-rights plus Permian perpetual-royalty platform, built on irreplaceable 1888 legacy assets carried at zero book value. At $406 the stock already trades above the $340 top of an optimistic valuation, with an ideal buy range of $140-220. Rating Watch: a wonderful business at a poor price, worth tracking but not buying here.
41/100
PPL Corporation Deep-Value Research
A pure-play U.S. regulated utility (Kentucky/Pennsylvania/Rhode Island, 3.6 million customers) with clear 2026-2029 guidance of $23 billion in capex and 6%-8% EPS growth. Around $36 the stock already sits at the upper edge of fair value, so the quality is recognized while the safety margin is thin. Rating Watch, with an ideal buy range of $29-32.
39/100
NRG Energy: A Long-Term Business Owner's Deep Dive
An integrated energy platform with about 8 million customers, roughly 25GW of owned generation, and the Vivint smart-home subscription business. The LS Power consolidation doubled generation capacity but pushed leverage higher, and at around $138 the stock sits near the upper end of fair value. Rating Watch: the ideal buy range is $95-115.
56/100
82Buffett
텐센트 홀딩스: 심층 리서치 연구
위챗 생태계와 게임 현금흐름은 매우 견고하고, AI는 이미 광고 효율을 끌어올리기 시작했지만 현재 밸류에이션은 이를 아직 충분히 반영하지 못했다. 공정 매수 구간은 380에서 430홍콩달러이며, 가장 큰 역방향 리스크는 AI 자본지출이 증가하는 동안 광고와 클라우드 수익화가 뒤처지는 것이다. 평가 신중 매수: 성숙한 캐시카우가 AI와 위챗 생태계를 통해 두 번째 밸류에이션 재평가를 모색하는 국면으로, 프리미엄이 아니라 보수적으로 가격이 매겨져 있다.
43/100
Ingersoll Rand Inc. Value Investing Deep-Dive
A good business at a bad price. The installed base and aftermarket system underpin a composite moat, but at the current 22.8x P/FCF, with goodwill making up a high share of assets and ILC Dover already impaired, the margin of safety is insufficient; ideal buy range $45-55.
43/100
79Buffett
Otis Worldwide Corporation: A Deep Value Study
Global elevator leader with $14.4 billion in 2025 revenue; its service business is 65% of revenue yet contributes roughly 91% of segment profit, backed by solid cash flow but a valuation that is not cheap. At about $71.79 the stock sits at the upper edge of fair value, with an ideal buy range of $45–55. Rating: Watch — a good company at a merely fair price.
44/100
88Buffett
Dover Corporation Deep Value Investment Research
Dover is a multi-platform industrial conglomerate of decent quality, with real cash flow and broadly rational capital allocation, but at the current $213–215 per share the quality premium is already priced in; the ideal buy range is $140–165. Rating: Watch.
42/100
88Buffett
NetApp: A Deep-Value Study
A high-quality, mature storage cash cow with FY2025 free cash flow of $1.34 billion; but at $142.74 it trades at 18x TTM FCF, making it a good company at an ordinary price. Rating Watch, with an ideal buy range of $95-115.
43/100
24Buffett
First Solar: A Deep Value-Investing Analysis
The leading U.S. thin-film solar manufacturer, whose order visibility, net-cash balance sheet and scarce policy position are all genuine advantages; but roughly $1.6 billion of 45X credits in 2025 all but dictated the level of reported earnings, and at the current $273.67 the stock already sits close to the optimistic scenario, with an ideal buy range of $140-185.
44/100
53Buffett
Tapestry: A Deep-Dive Investment Study
A Coach-driven brand group whose cash flow has improved markedly and whose capital allocation is turning rational, but at $139 the stock already sits at the upper-middle of fair value with no obvious margin of safety; rated Watch, with an ideal buy range of $95-115.
45/100
53Buffett
IQVIA Holdings: A Deep-Dive Value Investing Study
IQVIA is the leading life-sciences infrastructure platform, with steady FCF, a diversified client base, and a composite moat. At $165.62 the stock sits near the top of the conservative valuation range and the bottom of the fair range, leaving a thin margin of safety; the ideal buy range is $140-155.
42/100
67Buffett
Super Micro Computer, a Zen Horizon Study: High AI-Server Torque Alongside a Governance Discount
Super Micro is an AI-server and rack-scale infrastructure integrator riding still-strong demand, with full-year revenue guidance of $38.9-40.4 billion. But gross margin has slid from 18% to 11%, nine-month operating cash flow is -$7.56 billion, the internal-control material weakness remains unremediated, and an export-control criminal case has resurfaced. At about $38.19 the stock earns a Watch rating, with a fair buy range of $28-33.
47/100
66Buffett
VeriSign From a Long-Term Owner's Perspective
VeriSign is a high-quality internet infrastructure franchise built around .com and .net registry economics. Its moat is strong and its cash flow is exceptional, but the current valuation already prices in much of that certainty. Research rating Watch: a durable compounder, yet the ideal buy zone is $180 to $220 rather than the current price.
41/100
Global Payments: Valuation Rerating Study After the Transition to a Pure-Play Merchant Platform
A pure-play merchant payments platform after completing the Worldpay acquisition and the Issuer Solutions divestiture. At $73.46, the stock trades at roughly 5.3x the midpoint of 2026 adjusted EPS, with a fair buy range of $65-78.
43/100
84Buffett
Allison Transmission: A Reassessment During the Integration Phase
The legacy Allison business is a rare industrial cash cow whose margins were validated through a weak cycle; after absorbing Dana Off-Highway in 2026, the company's character shifts from a pure cash cow into an integration platform. At roughly 17x PE the stock is neither cheap nor expensive, with a fair buy range of $95-108. Rating Hold: the core is still a rare industrial cash cow, but integration must be proven before any valuation re-rating.
43/100
Teledyne Technologies (TDY): A Long-Term Owner's Perspective
A multi-segment industrial-technology platform with solid cash-flow quality and cross-cycle resilience. But at $704 the stock already sits at the upper edge of an optimistic valuation, leaving conservative buyers without a margin of safety; the ideal buy-in range is $400-500. Rating Watch: a good company at too rich a price.
47/100
56Buffett
Incyte Zen Horizon Analysis Report
Incyte is a commercial-stage biopharma company with strong cash flow but an unproven post-Jakafi transition. The core debate is whether Opzelura, Niktimvo, Monjuvi/Minjuvi, Zynyz, and the late-stage pipeline can offset real 2028 patent pressure while preserving earnings power. Report rating Watch: at $97, the stock lacks enough margin of safety relative to a fair buy range of $80-88.
51/100
99Buffett
ResMed: A Long-Term Owner's Perspective
A high-quality, cash-generative, net-cash leader in sleep and respiratory health, but at roughly $206 the stock looks more like a good company near fair value than a bargain, with a thin margin of safety; ideal buy range $170-190. Rating Watch: a durable compounder priced for quality, not for safety of margin.
45/100
45Buffett
FIS: A Contrarian Study of a Financial-Infrastructure Cash Cow in Transition
A financial-infrastructure platform combining bank core systems, capital-markets back office, and newly acquired issuer processing. The market still prices FIS off the Worldpay failure; at $42.02 the shares trade at roughly 7.3x trailing PE, with an ideal buy range of $38-45.
48/100
78Buffett
Fair Isaac: A Long-Term Owner's View
FICO is a high-quality scoring franchise embedded in the U.S. credit system. The core thesis is that Scores remains a powerful, high-margin business, but the current price of $1,278 has pulled forward too much of the optimistic case and leaves too little margin of safety versus an ideal buy range of $550-$700. Rating Watch: the business deserves close long-term tracking, but today's valuation does not support aggressive new buying.
46/100
Long-Term Research on Waters' Laboratory Analytics and Diagnostic Tools
Waters sells liquid chromatography, mass spectrometry, thermal analysis, software, consumables, and services, and after acquiring BD Biosciences it has become a life-sciences and diagnostics platform. At $342, the stock is already close to the optimistic valuation band, while the ideal buy range is $200-240. Rating Watch: a high-quality business, but current pricing leaves too little margin of safety before integration and cash-flow proof improve.
46/100
VICI Properties Experiential Real Estate REIT Long-Term Research
VICI Properties is a U.S. and Canadian experiential real estate REIT owning landmark gaming properties leased to Caesars, MGM, Venetian, and other operators under ultra-long triple-net leases. At $28.63, the stock trades at roughly 11.7x 2026 AFFO with a dividend yield of about 6.3%, while the ideal buy range is $25-29. Research rating Cautious Buy: a high-quality, high-visibility income asset, but tenant concentration and capital-allocation risks require price discipline.