Great piece! Worried that I won't be able to buy as another commenter stated that it is unavailable via IBKR. I think a 6% WACC is extremely low in this interest rate environment - I typically model using 9-11% to be conservative.
I think WACC is something that can be discussed for hours without coming to a final conclusion. I have a consistent approach to determining WACC in my DCF models and it works very well for me. For Kri-Kri, the beta is very low, that's the main reason why it's so low.
That's an amazing deep dive. This is my first time reading about the stock and I am impressed by its ability to pass prices to consumer without losing market share. It impressively increased the top line in the last 4 quarters, yet trading at very reasonable price. I will definitely keep an eye on it as a possible addition to my portfolio!
One problem though: It looks like it only trades on the Athens exchange which Interactive Brokers does not appear to have access to which kind of limits outside investors... I did link to this piece in my links post for today though: Emerging Market Links + The Week Ahead (May 13, 2024) https://emergingmarketskeptic.substack.com/p/emerging-markets-week-may-13-2024
Great piece! Worried that I won't be able to buy as another commenter stated that it is unavailable via IBKR. I think a 6% WACC is extremely low in this interest rate environment - I typically model using 9-11% to be conservative.
I think WACC is something that can be discussed for hours without coming to a final conclusion. I have a consistent approach to determining WACC in my DCF models and it works very well for me. For Kri-Kri, the beta is very low, that's the main reason why it's so low.
That's an amazing deep dive. This is my first time reading about the stock and I am impressed by its ability to pass prices to consumer without losing market share. It impressively increased the top line in the last 4 quarters, yet trading at very reasonable price. I will definitely keep an eye on it as a possible addition to my portfolio!
Thank you so much! I was also really impressed when I found this great company!
One problem though: It looks like it only trades on the Athens exchange which Interactive Brokers does not appear to have access to which kind of limits outside investors... I did link to this piece in my links post for today though: Emerging Market Links + The Week Ahead (May 13, 2024) https://emergingmarketskeptic.substack.com/p/emerging-markets-week-may-13-2024
It’s so unfortunate, I am also using Interactive Brokers as my primary broker and I wonder how can I buy that stock..
I can buy it in Germany with Trade Republic and also Consorsbank. Do you have another option?
Thanks for linking to this analysis in your article! Really appreciate it.