Dear Mr. Market

MARCH 6, 2025

2018 : -4.41% 2019 : +31.74% 2020 : +18.38% Looking at these numbers, history shows that the first wave of tariffs introduced by Trump created notable market volatility, hurt certain U.S. Valuations. These pullbacks may feel painful, but they are necessary for resetting valuations and providing new buying opportunities.

Marketing 63

Marketing Marketing Economy Economics 63

Wealth Management

JULY 24, 2025

Pooling the assets from the different SMAs into an ETF vehicle means the advisor now only has to manage a single portfolio vs. hundreds of accounts. An ETF allows the advisor to rebalance their portfolio tax-free. Another advantage is tax efficiency.

Wealth Management 236

Wealth Management Estate Planning Compliance Clients 236

Trade Brains

JUNE 12, 2025

Investments: His investment portfolio includes various business ventures, contributing to his overall financial growth. The valuation of his home is not published, but it reflects his status. Business Ventures: Shah’s wealth is primarily driven by his business interests. Rolls Royce Phantom 9.50 Ferrari 488 4.40 Bentley Mulsanne 5.56

Wealth Accumulation 59

Wealth Accumulation Financial Services Valuation Assets 59

Brown Advisory

FEBRUARY 15, 2019

Outlook for 2019 | The Measure of All Things. Fri, 02/15/2019 - 09:12. Entering 2019, we face rising economic, political and market risks. But the drop in valuations experienced at year’s end, alongside higher bond yields, offer a foundation for better long-term return expectations across most asset classes.

Valuation 52

Valuation Clients Portfolio Assets 52

Brown Advisory

NOVEMBER 1, 2019

2019 Year-End Planning Letter. Fri, 11/01/2019 - 13:44. Each year’s gift tax annual exclusion expires at the end of that year; therefore clients who wish to use their 2019 exclusion amount should make annual exclusion gifts to all desired beneficiaries before December 31.

Planning 52

Planning Taxes Clients Assets 52

Trade Brains

JUNE 12, 2024

This strategy involves leveraging ITC’s existing strengths, maximizing the use of current assets, and investing selectively to enhance the portfolio. Besides that, the hotel business has added three more properties under its portfolio, Fortune Park – Aligarh, Tiruppur, and East Delhi Vivek Vihar.

Planning 81

Planning Valuation Portfolio Assets 81

Trade Brains

NOVEMBER 6, 2023

2019-20 3,080.52 Financial Year OPM (%) NPM (%) 2022-23 6.50% 2.66% 2021-22 2% -2.81% 2020-21 0.65% -6.21% 2019-20 8.72% 1.63% 2018-19 7.63% 3.93% Average (5 Years) 5.10% -0.16% Return Ratios Force has RoE 7.38% in FY23 as compared to -5.08 cr to a profit in FY23 of Rs.133.74 Earnings remain volatile till the volume stabilizes.

Planning 105

Planning Transportation Engineering Sales 105

The Big Picture

DECEMBER 19, 2023

2019, he came out of the gate having previously worked at Citadel, raising about $2 billion in the new fund. There are about 13 different portfolio managers each focused on a different sub-sector. And to the credit of the portfolio manager that I was working with Josh Fisher, we were actually up that year.

Healthcare 157

Healthcare Portfolio Investing Management 157

Trade Brains

OCTOBER 12, 2023

Particulars/ Financial Year 2019 2020 2021 2022 2023 CAGR (4 Years) KPIT Technologies - Revenue (Cr) 641.26 Particulars/ Financial Year 2019 2020 2021 2022 2023 Average (5 Years) KPIT Technologies - D/E 0.14 CAGR from 2019-2030 and would be a driving force for the expansion of the company. Tata Elxsi - Interest Coverage 418.73

Planning 105

Planning Engineering Healthcare Manufacturing 105

Carson Wealth

APRIL 8, 2024

Pockets of attractive valuations exist despite above-average valuations in some high-profile areas of the market. For perspective, payroll growth averaged 166,000 in 2019. One important way to view valuations is through earnings of various asset classes relative to the broader market and their own history.

Marketing 96

Marketing Marketing Valuation Economy 96

Trade Brains

JANUARY 21, 2024

2020 ₹129.03 ₹(0.13) 2019 ₹216.55 ₹88.67 Fiscal Year Operating Profit Margin (%) Net Profit Margin (%) 2023 12.19% 5.83% 2022 9.68% 4.21% 2021 10.68% 5.37% 2020 1.66% -0.11% 2019 5.51% 41.09% 5 Year Average 7.95% 11.28% Return Ratios Jupiter’s Return on Equity was at 16.24% in FY23, which increased by 869 Bps from 7.55% in FY22.

Manufacturing 105

Manufacturing Transportation Budgeting Government 105

Carson Wealth

JUNE 17, 2024

There is a more cyclical element related to valuations, but over time the impact of valuations tends to average out to near flat. The most well-known valuation measure is the price-to-earnings ratio (P/E), which captures the amount investors are willing to pay for a dollar of current earnings as a kind of proxy for long-term earnings.

Marketing 86

Marketing Marketing Valuation Economy 86

Carson Wealth

OCTOBER 7, 2024

That’s higher than anything we saw between 2001 and 2019 (when it peaked at 80.4%). in 2019, 5.9% Since the end of 2019, the S&P 500 is up 92%. A diversified portfolio does not assure a profit or protect against loss in a declining market. The prime-age employment population ratio was unchanged at 80.9% in September.

Marketing 96

Marketing Marketing Economy Economics 96

Trade Brains

FEBRUARY 20, 2024

A closer look at the data reveals that revenue and profits fell in FY21, mainly due to a reduction in stock market valuations on account of the COVID-19 pandemic, which has impacted the valuation of the company’s investments and profitability. 2019 93.99 The key focus would be on protecting the portfolio and containing the cost.

Valuation 59

Valuation Banking Investing Investments 59

Trade Brains

NOVEMBER 24, 2023

Revenue grew from FY 2019 to FY 2023 at a CAGR of 20.11%. Net profits increased at a CAGR of 33.19% from FY 2019 to FY 2023. 2019-20 148.63 2019-20 0 12.14 Revenues and profits are increasing at the growth stage, and the high P/E commanding the current valuations will be justified by the company’s growth rate.

Planning 69

Planning B2C B2B Pharmaceutical 69

Trade Brains

FEBRUARY 25, 2024

Maruti Suzuki today has a portfolio of 16 car models with over 150 variants. crore in FY22 on account of the higher fair valuation gain on investments in debt mutual funds. 2019-20 ₹ 75,660 ₹ 5,677.6 2019-20 0 53.04 In India, the Company is in the business of manufacturing and selling passenger vehicles. Net Profit (Cr.)

Planning 64

Planning Manufacturing Sales Government 64

Trade Brains

APRIL 24, 2023

The share price of a company has nothing to do with the company’s valuation. It has a wide product portfolio in environmental and combustion controls, and sensing and control, etc. It has a diversified portfolio of products in dental cement, health care, cleaning, etc. Honeywell Automation (Rs. 3M India (Rs.

Manufacturing 98

Manufacturing Food Pharmaceutical Investing 98

Trade Brains

MAY 24, 2023

SEL is a rapidly growing company and has a wide portfolio of tractors and farm machinery. 2019 0 1,402.52 appears to be a fundamentally strong company with consistent revenue and growth, healthy profitability, and a reasonable valuation. It stands firmly amongst the top tractor brands in India. Fiscal Year ROCE ROE 2023 51.41

Engineering 59

Engineering Planning Manufacturing Accounting 59

Trade Brains

JANUARY 10, 2024

By 2033, the market is projected to reach a valuation of $5,541.8 The company has a product portfolio that encompasses a wide range of paints, including emulsions, enamels, waterproofing solutions, wood coatings, primers, putties, and cement paints. Crores): Fiscal Year Berger Paints Indigo Paints 2019 6,062 535.62 2020 656 47.81

Planning 59

Planning Manufacturing Retail Portfolio 59

Brown Advisory

OCTOBER 18, 2019

Five Sources of Alpha in an Aging Market Cycle ajackson Fri, 10/18/2019 - 10:30 For the past decade, investors have enjoyed a long climb up the “wall of worry.” During this period, those who owned public equities and fixed income as the core of their portfolios were generally rewarded. We know that equity valuations in the U.S.

Marketing 52

Marketing Marketing Valuation Numbers 52

Brown Advisory

OCTOBER 18, 2019

Fri, 10/18/2019 - 10:30. During this period, those who owned public equities and fixed income as the core of their portfolios were generally rewarded. We know that equity valuations in the U.S. CURRENT VALUATION PREMIUMS, S&P 500 INDEX. Five Sources of Alpha in an Aging Market Cycle. But through it all, U.S. Most Recent.

Marketing 52

Marketing Marketing Valuation Numbers 52

The Big Picture

APRIL 18, 2023

In the short run, there can be distortions in public market valuations as we saw in 2001 and we saw prior to that in 2007, and prior to that in 2000, in ‘99. Valuations go up and you saw it, of course, in the late ‘90s, in the tech sector. But I don’t think we’re going to go back to the days of 2019 to 2021.

Assets 157

Assets Investing Investments Valuation 157

Brown Advisory

MARCH 15, 2019

Fri, 03/15/2019 - 09:06. In 2018, industrial stocks had their second-worst year relative to the broad market in two decades, but so far in 2019, the sector has come back strongly. But in the early weeks of 2019, industrials were up more than 6% (as of 2/28/19), outpacing the broader market by a notable margin.

Valuation 52

Valuation Clients Sales Economy 52

Brown Advisory

JUNE 24, 2019

Winter Is Coming: How to Invest in Late-Cycle Credit ajackson Mon, 06/24/2019 - 09:42 Anyone who has read or watched “Game of Thrones” over the years is familiar with the phrase, “Winter Is Coming.” In some situations, we may be looking to bolster portfolio stability to counteract potential macro or sector-specific headwinds.

Investments 52

Investments Investing Valuation Portfolio 52

Brown Advisory

JUNE 24, 2019

Mon, 06/24/2019 - 09:42. As we discuss in this article, we believe that credit naturally plays a complementary role with equities in portfolios, and that this pairing can be particularly fruitful during cyclical downturns. WINTERPROOFING” YOUR PORTFOLIO. Test enterprise valuation. Test the worst-case scenario.

Investments 52

Investments Investing Valuation Portfolio 52

Brown Advisory

JUNE 19, 2019

Wed, 06/19/2019 - 09:00. On June 6, 2019 the 30-day Treasury yield was 2.36%, vs. the 2.12% offered by 10-year U.S. Treasuries, investors also desire the stability and diversification that a longer Treasury portfolio can provide. Late-Cycle Investing: MBS Offer Attractive Income and Downside Protection. Treasuries.

Investments 52

Investments Investing Clients Government 52

Trade Brains

APRIL 23, 2023

USL has a large portfolio of almost 80 brands including McDowell’s No.1, TCPL) was formed in 2019 after the merger of the consumer business of Tata Chemicals Ltd. It has a large portfolio of submarine cables and satellite networks spread across 50 countries and 5 continents. Diageo holds a majority 56.7% 66,750 EPS ₹12.5

Banking 105

Banking Pharmaceutical Insurance Distribution 105

The Irrelevant Investor

JUNE 23, 2017

This visual tells a lot of stories, but for the purposes of this exercise, I want to focus on the two previous valuation spikes in red, which were followed by two stock market crashes in gray. If 2000 was fool me once and 2008 was fool me twice, what would 2019 be? The chart below shows the CAPE ratio and the S&P 500 (log).

Retirement Planning 52

Retirement Planning Valuation Marketing Marketing 52

The Big Picture

OCTOBER 31, 2023

And so to your point, I was a public portfolio manager, started as a tech analyst and made my way to associate portfolio manager and then began managing public portfolios in 1996. The best example I always love to give is that Amazon’s last private round was at a $60 million post money valuation. That are all gone.

Management 157

Management Investing Investments Portfolio 157

Trade Brains

MAY 21, 2024

The demand for seats in flexible workspaces has been continuously rising in the last 3-4 years and growing at an average annual growth rate of 30%-40% from 2019-2021. before 2019 to approximately 62 million sq. as of December 31, 2023, in Tier 1 cities. Due to its sales & marketing, 80% of the centers were filled 7.15

Clients 59

Clients Financial Services Sales Professional Services 59

Trade Brains

MARCH 1, 2024

2019 ₹1,066.34 ₹47.98 Fiscal Year Operating Profit Margin (%) Net Profit Margin (%) 2023 11.24% 3.61% 2022 15.98% 7.84% 2021 22.51% 10.66% 2020 15.94% 6.82% 2019 11.56% 4.67% 5 Year Average 15.45% 6.72% Return Ratios Genus Power Infrastructure reported an ROE of 3.06% in FY23, halving its FY22 ROE from 6.27% in FY22. 2022 ₹744.42 ₹57.45

Planning 59

Planning Manufacturing Distribution Government 59

Trade Brains

DECEMBER 18, 2022

A key acquisition was of Comstar Automotive Technologies in 2019. However, the figures before FY20 are not comparable with the ones thereafter at their face value because Sona BLW and Comstar Automotive were merged in FY 2019-20. The company has grown organically and inorganically over the years into a global producer. 2021 1,566.3

Planning 52

Planning Manufacturing Accounting Sales 52

Trade Brains

AUGUST 23, 2023

The chemicals maker has an extensive portfolio of 100+ products which are used by 1,100+ Indian & international customers from more than 60 countries. Particulars 2023 2022 2021 2020 2019 Tata Chemicals - Operating Profit Margin 18.8 Particulars 2023 2022 2021 2020 2019 Tata Chemicals - Debt / Equity 0.3

Planning 52

Planning Pharmaceutical Manufacturing Accounting 52

Trade Brains

SEPTEMBER 26, 2024

In the wake of SEBI’s probe, NSE withdrew its IPO documentation in 2019. The market valuation of NSE might be between ₹2.1 lakh crore based on the valuations of unlisted shares. The market valuation of NSE might be between ₹2.1 lakh crore based on the valuations of unlisted shares. lakh crore and ₹3.1

Compliance 90

Compliance Banking Management Assets 90

Trade Brains

FEBRUARY 8, 2023

Year 2018 2019 2020 2021 2022 Total Income (in Crores) ₹1,658.46 ₹1,748.49 ₹1,731.72 ₹1,981.83 ₹2,300.69 Credit rating agencies generally trade at steep valuations on the back of an oligopolistic market, the asset-light nature of the business, limited capex requirement, and strong operating cash flows. Market Cap (₹ in Cr) 72,438.62

Pharmaceutical 52

Pharmaceutical Assets Investing Investments 52

The Big Picture

FEBRUARY 12, 2024

And we closed the fund and then we left it closed until 2019. And since we’re looking for narratives as opposed, and then do valuation work second as opposed to cheap, we don’t screen. I’m the portfolio manager and I’m actually the only portfolio manager. Then we stayed open until about 2000.

Management 289

Management Economy Investing Investments 289

Trade Brains

MAY 22, 2023

Fiscal Year Operating Revenue Net Proft 2022 13,391 1,550 2021 8,958 746 2020 6,556 357 2019 7,248 472 2018 5,228 300 5-Yr CAGR 20.7% 2019 3,359 14.1 The present valuation at a high P/E of 56 and P/B of 18.5 This happened as the company changed its tax regime to follow a more favorable one. 2021 4,197 17.8 2020 3,589 10.0

Sales 52

Sales Manufacturing Distribution License 52