**Rockwool A/S (ROCK-B)** \- The only pure play stone wool insulation stock out there. Trading below historic valuations (adj P/E at around 13.5); mainly attributed to two headwinds; asset seizure (Russia) and increased energy costs (Hormuz). The company is considered quality due to decent profitability, strong capital allocation and a strong balance sheet. The company is family controlled and conservative; historically unwilling to take on debt. Meaning it is a slow and steady compounder. Note: Management have signalled willingness to take on debt, possibly due to tailwinds in datacenters and European construction initiative (EPBD).
Asset/Liabilities = 3.9
adj Income/Liabilities 45%.
Rockwool downside is imo high depreciation on factories, leading to need for high reinvesting. Note: Rockwool has a strong brand and it's more profitable segment is industry insulation.
**SharkNinja (SN)** \- An absolute digital marketing and innovation power house. SN is consistently disrupting product categories and taking market share; through their customer centric, agile and massive social media presence. You might know them from their Slush Ice machines, vacuum cleaners or coffee machines. SN is trading at a more elevated valuation at TTM P/E at 24.3. Quite a premium considering De'Longhi and S.E.B at below P/E 15.
The valuation is justified due to aggressive growth in both new products and new markets.
Asset/Liabilities = 2
Income/Liabilities = 26%
**Accenture (ACN)** \- The worlds leading consultancy agency. Currently facing both tail - and headwinds due to AI. The decreased visibility, has led to a selloff. The fear being that AI will disrupt coding tasks and lower the value of billable hours. ACN is thus trading below historic averages at a TTM PE of 14.72. It's competitive advantages include strong competencies due to a highly educated and highly specialised workforce, sector know how and data advantages along with strong customer relations with the worlds biggests firms.
Asset/Liabilities = 2
Income/Liabilities = 23%
Data is collected from Marketscreener and does not use quarterly data.
TTM PE is collected from Yahoo Finance.
Not financial advice. Do your own research. I can have made mistakes.
I have a portfolio weighting of about: ROCK; 19%, SN;12% ACN; 13%.