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Has Tencent Become a Private Equity Fund?

By Andrew Stotz

Tencent achieved its competitive advantage by creating a powerful ecosystem that spans across various industries such as gaming, social media, e-commerce, entertainment, and more. This ecosystem helped the company dominate the market.

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Oil Refinery Business in Thailand: What they do and what do investors need to know

By Valuation Master Class Student

The oil refinery is one of the major businesses in Thailand with a market capitalization over 600 billion THB.

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Careers in Finance with Frank Schwab

By Andrew Stotz

If you’re just starting your career in finance, don’t compare yourself to veterans because it’s impossible to have the experience they have. Instead, compare yourself with your peers.

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Overview of the Petrochemical Industry in Thailand

By Valuation Master Class Student

Petrochemical companies use products from crude oil and natural gas to produce petrochemical products to be used as raw materials in many industries.

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Porter’s Five Forces Analysis

By Valuation Master Class Student

For every organization, it is the utmost importance for strategists to enhance long-term profits.  Strategy consultants often use Porter’s five forces as the framework or starting point, when making an evaluation of a firm’s strategic position.

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What Is Free Cash Flow to the Firm?

By Andrew Stotz

Free cash flow to the firm (FCFF) is the cash flow that a company is ‘free’ to distribute to all…

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Treating Stocks as Business Ownership Is Contrarian Today

By Valuation Master Class Student

When it comes to money and investing decisions, we are not always as rational as we think we are; therefore, in this essay, I will expand about investors’ behavior in the stock market.

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On Bloomberg: Thai Banks Look Pretty Interesting

By Andrew Stotz

I appeared on Bloomberg Markets today discussing the upcoming election in Thailand, the current state of the Thai economy and…

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WACC – Theory versus Reality

By Andrew Stotz

Since debt is cheaper than equity, in theory, this would mean that a company would prefer to be fully funded…

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8 Value Investing Icons

By Andrew Stotz

Value investing is the idea that you can achieve superior investment performance through buying stocks at prices that appear to…

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