Q: Hello 5i,
It seems as though in the last couple of months Tvk has caught your eye. What made you chang/decide to really start endorsing TVK (other than stock performance)?
Can you please provide your insight on Tvk’s business model, valuation, growth and future prospects.
It seems as though in the last couple of months Tvk has caught your eye. What made you chang/decide to really start endorsing TVK (other than stock performance)?
Can you please provide your insight on Tvk’s business model, valuation, growth and future prospects.
5i Research Answer:
Positive momentum (trading at a 52-week high most of the time) is one of the positive signals for TVK for sure, which was supported by consistent improvements in the fundamentals.
Despite strong performance, TVK is still quite cheap, TVK is still trading at 8.5x EV/EBITDA, which is fair compared to historical averages (7.0x – 8.4x). TVK has demonstrated a decent track record of an acquisitive business model, TVK also opportunistically repurchased shares and consistently raised dividends which we like. Overall, a good quality serial acquirer, TVK is trading at a cheap valuation, with strong execution, still small and less covered by mainstream investors.