High-quality asset at deep value prices
An infrastructure asset with healthy growth at a >30% FCF yield?
Hello, Ultimate Value readers!
I am back with a new idea today. Here are some of the takeaways:
The stock is listed in an emerging market.
It has a market cap of USD 3.3B and an EV of USD 2.5B.
This high-quality business has stable, predictable, and growing earnings.
The company has two distinct share classes. While both are compelling, the discounted share class trades at >30% FCF yield, with earnings that should continue to grow at a HSD rate.
Let’s take a look.
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