Portfolio at the end of April 2024.
April performance: -5.7%
YTD performance: 11.0%
FCF ROC = 35%
FCF per share CAGR (5yr) = 22%
FCF linearity (5yr) = 0.90
FCF Margin Expansion (5yr) = 5%
FCF Yield = 2.95%
Interest expense = 6% of operating profit
Change in share count (5yr) = -9%
If FCF per share keeps growing in the high teens, then it’s a fair price to pay for quality.
There were no outright sales or purchases. $Novo-Nordisk A/S(NVO)$ was the only contributor to performance. The top detractors from performance were $MSCI Inc(MSCI)$ and $Cadence Design(CDNS)$ .
Image
https://twitter.com/long_equity/status/1785424822237106511
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments