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Kristof Horvath's avatar

It is interesting to see though that the CEO is constantly selling his stock. https://finviz.com/insidertrading.ashx?oc=1239685&tc=7

A rough estimation - in the last 2 years he exercised $146M worth of options and sold $283M worth of stock. If he has 4% ownership - roughly $400M, then the amount he has sold is not negligible at all.

The marketcap is around ~40B instead of ~30B that you wrote (in the Financials, later you wrote it correctly).

According to the latest annual report they own 16,000 acres of land worldwide. Is it possible that they carry the land on they balance sheet amortized and additional hidden value exists there?

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mindfulInvestments's avatar

Could be that this one is constently overvalued. I don't have made the number myself. Do you have a few minutes to calculate the Net Present Value as it was end of 2018, 2019, 2020, 2021 and 2022. Same assumptions but just different Free Cash Flow number at the start. Could be interesting.

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