Nicolai Tangen On Experian's Unique Market Position

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Rupert Hargreaves
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Ira Sohn London: Nicolai Tangen, founder and CEO AKO Capital Trade Idea: Experian plc (LON:EXPN) (OTCMKTS:EXPGY) Price Target: Trading below valuation of peers’ high cash generation and plenty of room for growth Valuation: Experian 6% FCF yield 2013 P/E of 21.6, below peers at 24+ – cheap based on growth expected during the next few years. Themes: Nicolai Tangen on market position Strong market position, margins and free cash flow. Largest and only global credit bureau, credit analytics. 5-10% organic top line growth expected. 700 bps margin growth during last six years. Free cash flow conversion ratio of 100% since listing….

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk