Отрасли
Diversified Holdings
Вся аналитика по отрасли Diversified Holdings — 7 материалов.
44/100
47Buffett
Investor AB: Q2 2026 Adjusted NAV of SEK 1,214.7bn or SEK 397 per Share Leaves the SEK 402.75 Quote at a 1.45% Premium Instead of the 7% to 13% Discount Normal in 2021 to 2025
Investor AB is the Wallenberg-controlled Swedish holding company that runs permanent industrial capital through three buckets: a listed portfolio led by ABB and Atlas Copco worth SEK 946.2bn or 76% of adjusted assets, the wholly owned Patricia Industries businesses at SEK 207.9bn excluding cash or 17%, and a SEK 88.4bn position in EQT at 7%. Q2 2026 adjusted net asset value reached SEK 1,214.7bn, or SEK 397 per share, on net debt of only SEK 23.3bn and 1.9% leverage, with the B share returning 15% against 9% for SIXRX. Rating Hold: at SEK 402.75 the shares carry a 1.45% premium to that last reported NAV rather than the 7% to 13% year-end discount normal over 2021 to 2025, so the SEK 350 conservative scenario value leaves no margin of safety and the ideal buy zone sits at SEK 270 to SEK 280.
35/100
75Buffett
Orkla: Zero Organic Growth in the Controlled Portfolio, Jotun Operating Profit Up 21%, and a 21% NAV Discount at NOK 97.10
Orkla ASA is a Norwegian industrial investment company that owns independently run Nordic branded-consumer businesses plus a 42.7% equity-accounted stake in the unlisted coatings producer Jotun, whose revenue never enters Orkla's consolidated accounts. Q2 2026 split the company in two: organic growth in the controlled portfolio companies was zero and underlying EBIT grew only 2.5%, while Jotun's underlying sales and operating profit rose 11% and 21% and carried group adjusted EPS on their own. The 2025 listing of Orkla India, still roughly 75% owned, now supplies an external price for one portfolio company. Rating Hold: base sum-of-the-parts of NOK 123.4 per share leaves a 21% raw NAV discount at NOK 97.10, but the price still sits 23% above the conservative investable value of NOK 79.1, so there is no margin of safety.
46/100
72Buffett
Prosus N.V.: A 38.4% NAV Discount, a Tencent-Funded Buyback, and No Conservative Margin of Safety
Prosus N.V. is the Amsterdam-listed consumer-internet group whose largest asset is a roughly 22.6% Tencent stake, now sitting alongside operating businesses in food delivery, classifieds, payments and travel that turned EUR 8.36 billion of FY2026 ecosystem revenue into EUR 1.12 billion of adjusted EBITDA. Tencent is 77.7% of net asset value while the shares trade at EUR 37.895, a 38.4% discount to the published EUR 61.5 NAV per share, narrowed from roughly 54% when the open-ended buyback began in 2022. Rating Hold: the discount is real and the buyback still accretive, but a conservative sum-of-the-parts of EUR 34.75 leaves no margin of safety at the current price.
44/100
Sony Group Zen Horizon Framework Deep-Dive Research
A diversified entertainment and imaging group with high business quality at a fair price. Record operating profit of ¥1.45 trillion, forward P/E of ~17×, and a largely closed conglomerate discount after the financial spin-off support the case, but the gaming cycle is peaking, Samsung is taking some Apple image-sensor orders, and Sony lacks a single high-growth engine. Research rating Hold: a fair-quality compounder whose ideal buy price is ≤¥2,900.
42/100
Loews Corporation: A Value Investing Deep Dive
Loews is a diversified holding company anchored by CNA insurance and stabilized by the Boardwalk pipeline; the report assigns a Watch: asset quality is decent, parent-company net cash is about $2.7 billion, and the share count keeps shrinking, but at roughly $104.82 the discount is only limited and the margin of safety is not thick enough, with an ideal buy at $90-98.
44/100
Berkshire Hathaway Deep Value Study: A Fair Price for a Great Company
Berkshire remains an extremely high-quality compound-asset platform with very low risk of permanent loss. But at a price near $486, it already sits close to the center of fair value with no obvious margin of safety, better suited to 'small, staged buying' than to backing up the truck. Rating: Hold.
Berkshire Hathaway: A Long-Term Owner's Perspective
A global diversified holding-company leader: 176 billion in insurance float, 397.4 billion in cash and short-term Treasuries, and 67 billion in net income. The capital-allocation record is excellent, but the Abel era is still unproven. At the current 486.38 dollars, with an ideal entry of 350 to 410 dollars, the margin of safety is not obvious. Rating Hold: a high-quality compounder priced fairly rather than cheaply.