$RCS.MI $BHU.SI $LDB.MI $CARD.L $VNO $8881
Note: FCF number for $CARD.L mentioned in the write up is FCF that is not adjusted for leases and the TEV number is EV + leases
Been long Italian company Sogefi (SGF) for a while. Market cap of 230m is below book value and they have quite consistently done FCF of 50m. Market is overblowing risk of EVs.
Note: FCF number for $CARD.L mentioned in the write up is FCF that is not adjusted for leases and the TEV number is EV + leases
Been long Italian company Sogefi (SGF) for a while. Market cap of 230m is below book value and they have quite consistently done FCF of 50m. Market is overblowing risk of EVs.