Archive - Mr Deep-Value's Substack

May 2025

A US stock trading at 70% of net-cash value

It's also been FCF positive in 6 of the last 7 years.

May 17

A healthy business trading at half net-cash

This net-net trades at 46% of TBV, 1x EV/FCF and 2.1x P/FCF, and is still paying dividends.

May 3

April 2025

The curious case of Japanese net-nets

How you can avoid value traps and beat the market with deep-value investing.

Apr 25

2.5 x earnings and trading at 80% of TBV

This stock has lots of recent insider buying and has an average 5Y dividend yield of 15% (at todays price).

Apr 19

How to handle a melting ice cube

The story of a stock that declined in intrinsic value and what to do about it.

Apr 8

Buy the real-estate, get a £200m business for free

A stock that trades at 1.4x earnings, 32% of TBV and holds hidden assets worth 10x book value.

Apr 1

March 2025

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