Dirt cheap compounder with a kicker

A European gem trading at 9x EPS and growing double-digits

Dear Ultimate Value readers,

I am back with a new idea today. This one is quite simple. It’s a compounder in Europe that’s entirely off the beaten path (there are no write-ups anywhere).

This is a business that should continue to grow earnings at a low-double-digit rate for the foreseeable future, and trades at ~9x earnings. On top of that, the company has a division that is growing at ~50% due to strong tailwinds that should continue.

It’s small and illiquid, so it’s best suited for small (and patient) funds and personal accounts.

Let’s take a look.