EPS
WisdomTree U.S. LargeCap Fund
stock NYSE ETF

EPS > 50 in absolute terms makes no sense. It is totally dependent upon the number of shares and is not correlated with the stock price. Rather you should apply a filter on EPS growth

Sea Limited fits all three. Two is arguable, but I'll explain my thoughts.
1. The founder, chairman, and CEO Forrest Li owns \~18% of the company. Since the company IPO'd in 2017, he's sold 140,000 shares in one planned sale in 2021. He owns over 100 million shares. He also controls 58% of voting shares, similar to the setup Zuck has. Two co-founders who are also executives own 5.1% and 2% of the shares. Li has given the company the explicit goal of getting to a $1 trillion market cap in a letter he sent to all \~80,000 employees. Current market cap is $75B.
2. They aren't exactly seeing future trends while others discount them, but they are following the path that Amazon set in the US, Alibaba set in China, and MercadoLibre set in LATAM. E-commerce is the foundation of the business, and their digital financial services and gaming businesses create a flywheel between the three. Further, that e-commerce foundation creates optionality to move into advertising, AI, and probably many more future endeavors.
3. I assume you mean growing revenue while expanding margins (or shrinking expenses), which is exactly what's happening. Most recent report (Q3 2025), they grew revenue at 38% and EPS at 144%. Margins are exploding while revenue is compounding on huge numbers ($6B for the quarter). Morningstar projects revenue to grow at 16% and EBIT to grow at 37% per year for the next decade, which I think the company could easily beat. Regardless, that alone puts them at $100B of revenue and \~$20B of EBIT which should be good for a $400B market cap as a base case.

There are very, very few businesses in the world in the same tier of quality that Alphabet, Amazon, Apple, Microsoft, and Nvidia are. And the ones that are in that tier of quality aren't growing EPS at 20%+ per year.
They are all uniquely strong investments, at least they have been historically.

IAG - I am gold, they have 2 mines in Canada, 1 in Burkina Faso, they have increasing production from their newest Canadian mine Cote, which they are expanding it's pit into an adjacent deposit, Gosselin, and they have a large camp at Nelligan/Monster Lake they have been consolidating. So about 22.525 million oz Gold Measured/Indicated or about $370 dollars an ounce if you bought the whole company divided by their 585 million shares, versus buying Gold above ground for $4300 an oz. \[Agnico Eagle at $1800/oz for comparison\] Their P/Cash Flow is 16.7 which is cheaper than most with forward revenue growth of 53% and EPS growth of 174%.

I'm going to keep mentioning Sea Limited. Anything can happen in a one year timeframe, but I believe SE could triple in 2026. Emerging markets ex-China could be a popular investment theme, and I think that'll mostly be LATAM and SEA since that's where the interesting EM companies are (again, ex-China).
I expect EPS to come in around $5 which would require a trailing P/E of 75x to support a $375 share price. That sounds lofty, but I expect 2027 EPS expectations to be in the $8.50-$9 range so a forward multiple of \~40-44x isn't too crazy for a company growing EPS at the pace Sea is. If sentiment shifts and EM growth stocks come into favor, it could happen. I give it a \~15-20% chance.

I think it was only a slightly better at $35 in 2022. There was a lot more uncertainty about the future of the company. Garena was shrinking, revenue was barely growing, and it was still unprofitable. There were a lot of question marks and now they're answered so I'd say $125 today which is a \~25x forward multiple on a stock that will grow EPS by 30%+ for a decade? That's an absolute bargain.
I also like that it's an EM stock. Provides diversification from my US holdings and EM has underperformed US by a huge amount the past 15 years. If we get a reversal in that trend, we can expect even more outperformance.

(Completely written by me - no AI was used)
As the first book, I would highly recommend The Thoughful Investor by Basant Maheshwari. He discusses all the various mistakes a beginner makes , what to look for in a company before buying, when to sell etc.
However, in short, the basics of fundamental analysis are as follows - when shortlisting a stock to buy, you need to look at two things: 1) how good is the business model and 2) at what valuations is it available in the market right now. Both these factors are very important if you wish to make money through long term investing. It's not possible to describe all the ratios in detail, but I'll mention which ones are super important and you can read about them online (can get these ratios on screener)
Business Model: Here we analyze how good the business model is, which is completely independent of the price at which the stock is trading at:
1) RoE: The most important ratio is RoE (Return On Equity). This basically means what is the net profit received per rupee invested by the shareholder. Usually, for good companies it should be above 20%
2) Profit margins: A company with high margins indicate pricing power and monopoly in the segment - look at Gross Profit Margin (GPM > 40% is good), Operating Profit Margin (OPM) and Net Profit Margin (NPM).
3) Sales growth: Revenue growth (> 20% is good) is one of the basic metrics you might have heard on shark tank as well. (It reflects whether there is demand for the company's product or not. Without sales growth, there will be no profit growth (PAT = Profit After Tax), and without profit growth, there will be no EPS (Earnings Per Share = PAT/number of shares) growth, which means you as a shareholder and not earning more per share and the company doesn't have much profit remaining to reinvest into the business.
4) Negative working capital: The best business is one that buys raw materials on credit and sells the final product in cash. This way, it has no issues in scaling big. Look at Debtor days (lower is better and 0 is ideal) and days payable (higher is better). Overall, business is good if debtor days << days payable which indicates -ve working capital.
5) Asset light and debt free: an ideal scalable profit machine should not require much assets for its product, as assets like factories, machinery etc require maintenance and replacement every few years just to maintain the same revenue and other metrics, which leads to unnecessary Capex. Asset light companies will have high RoA (Return on Assets > 15% or so - barring Banks and NBFCs) and since RoE = RoA x Leverage, you can get to know how much debt the company has taken to generate a good RoE from the base RoA. If RoE is high and RoA is close to RoE, it means very less leverage, which means low debt, which is good as it implies that company is has profits remaining from its natural business operations which it is using to scale up the business and doesn't need much debt (All thanks to good RoE). Can also see Debt to Equity ratio (sibling of leverage) to analyze debt levels.
Valuations: buying good businesses at good valuations is a must as otherwise even if the business is good and you buy at the peak valuations, your return will be less.
1) PE Ratio: the most fundamental and basic ratio which tells the perception of the market for the stock compared to its peers in the sector. Since Price = PE Ratio x EPS, so the growth in price is fundamentally dependent on the growth of two factors: PE and EPS growth. Lets say we hold a good business having EPS growth of 20%. Then in the long run(10-20 years types) price will also have CAGR of 20% as the effect of PE is neutralized. However in shorter durations (< 3-4 years), effect of PE is critical and in bull markets, PE ratios expand and in bear markets they contract, so even if EPS growth is 20%, and you bought the stock at PE of 100, it is possible that the price stays the same for 3 years as the stock is undergoing PE contraction and returning to normalized valuations after a bull market hype. There is no absolute cut off for a good PE as it is highly dependent on sectors, but on average, PE above 40 starts getting expensive.
2) PEG ratio (PE ratio / EPS growth rate): PE is a relative metric used to compare peers in the same sector, but PEG ratio is used to compare a stock with its own historic valuations, and you get some absolute sense as to whether the stock is cheap or not. Let's say PE is 20 and EPS growth rate is 25%, then PEG ratio is 20/25 = 0.8 which is cheap. PEG < 1 is cheap and above 1 indicates it is expensive.
3) PB ratio: price to book ratio is market cap / (assets - liabilities). Has features similar to PE in that it is sector to sector and need to compare against peers. In general lower the better, but the kind of business we have selected through the business fundamentals section above, they are highly scalable, asset light and debt free, which means the denominator is small which naturally indicates high PB ratios ( > 10) and thats fine if your business model is like that. However for asset heavy models like hotels, airlines, steel plants, cement etc, PB ratio is quite valuable to compare peers and the stock's own history of PB to judge current valuations.
Other general tips: When looking for such good metrics, you may stumble upon some small cap companies but you need to be careful before investing and do your own due diligence and make sure the numbers reported by the company make sense and there is no fraud happening. Some basic due deligence to ensure before investing:
1) Make sure there are some FII and DII in the stock with some good percentage of holdings as they would have done stringent testing of accounts reported. You don't wanna be the lone warrior and supporter of the company.
2) Make sure corporate tax paid is near 25% as less tax percentage indicates some fraud. It is possible they are getting some writeoffs due to losses in previous years, but please check carefully why corporate tax rate paid by the company is not near 25%.
3) Make sure inventory days or trades receivable is not rising continuously. These are indicators of sales not being made and inventory piling up, or, the sales are made but money not received (easiest place to scam the investors is trades receivable).
4) A company scamming revenue and profits doesnt pay dividend as it doesnt have the money to do so. So if your company has some little dividend also, it acts as a safety net in that the possibility of scamming is low.
I think I have covered all the major points and after some practice, you should be able to reject 90% of the companies within 2 minutes based on above metrics using screener. Then pay attention to finer details on balance sheet, P&L statement and cashflow statement to reject 5-8% more companies in 1 hour or so. Remaining 2% companies are genuinely investible as they have good fundamentals along with good valuations. Currently the market has seen some corrections and some stocks are available at good valuations. Good luck!

EAT - Owns multiple restaurant chains including their largest, Chili's. I just think Chili's is and will continue to eat fast casual and fast food's lunch. The value is amazing with their lunch specials and overall price points in 2025 within 10-15% of trendy fast casual. Very close to on par with chipotle which is now just a bowl of slop.
AVL - Auto parts. Apparently part prices are finally correcting and they are collecting some very large spreads on their wholesale prices.
MIDD - Commercial kitchen parts. Prices are rebounding and they have very simply overreacted the last couple years to price corrections. Very high free cash flow allowing them to increase EPS with efficiencies
LDOS - Tech adjacent with some AI usage. Contractor with military, commercial, regional/local government contracts. I'm in the line of work and simply know that spend on the technology is on a very long trajectory up. Could have a much higher PE.
EWBC - Regional bank. liked the stock very much in 2022-23 when the whole unrealized bond losses thing came out. It is almost the same PE as then but price has corrected very nicely since then. Still below the average PE of its peers. i.e. large regionals. Capital levels are by far the best of any bank under 50 billion mkt. Cap. This one is my largest position in the retirement port by far. Very special ticker here. Thinly traded though and can make some silly moves. Capital levels in fact are the best of any bank I can find on the market. Better than JPM for instance. Organic growth is nice as well and they never do acquisitions

I reckon anything what draws more eyes and dollars to GameStop is a good thing. I don't care if its egirls, or streamers, or a holographic Burry ai. I've come to understand that RCEO has helpfully kept the price of the stock artificially low while introducing new income streams, while also constantly forcing the fees for rolling all them swaps to keep trending ever upwards. He said the 4:1 split was to keep the price attractive, and moon tickets are still super duper attractively priced, and laughably undervalued.
I suspect that's still where we are at. If he can't just increase EPS conventionally as a result of his hard work because of all the speculators, including DFV, then he can use the system to destroy the legacy institutional speculators like Short Keng, only possible because of their widespread, regular abuse of the system. Short of wholly negative coverage, any coverage GameStop manages to get and any further investors only further fuck the manipulators. Cellar box-ers were shocked to learn he's locked them in down there in the dark, and hamstrung them, and so far nobody is willing to rescue them. He's even found a way to use social media to increase pressure now

Net Income for PayPal has grown every quarter so far this year - so I’m not sure I agree that EPS growth is only a result of buybacks although obviously a contributing factor.

Here's a list for you: Amazing FCF. No Debt. Amazing P/E. Amazing P/S. Amazing EPS. Incredible capital allocation. List goes on.
Pick one to two to exclude. You won't find a single company in this market that has all of these combined. You won't touch this one, but will likely go into the next Enron.

Not a fan of PYPL, most of EPS growth comes from buybacks and if the share price goes up, return on buyback plummets.

Försökte lägga in den som PDF men funkade inte så graferna kommer inte med, hoppas inte formateringen blir helt fel nu.
Iridium Communications (IRDM) - Universums mest undervärderade aktie?
image.png
B 2025/12/13
Beskrivning av IRDM
Iridium Communications erbjuder mobila satellit kommunikationstjänster genom sina satelliter i låg omloppsbana, vilket ger global täckning. Bolaget levererar röst- och datakommunikationstjänster till USA:s regering, utländska regeringar, företag, icke-statliga organisationer och konsumenter. Källa: IRDM
Varför IRDM?
Jag tror att många kommer få upp ögonen för IRDM eftersom företaget har en monopolställning inom sitt område, LEO. LEO är väldigt bra eftersom det ger extra bra täckning samt mycket lägre latency jämfört med satelliter som är högre upp. IRDM har också väldigt bra finanser, vilket kommer att finnas bilder på längre ner i PDF-filen. Deras huvudkund är den amerikanska staten, vilket ger IRDM väldigt säkra kontrakt. De har även kontrakt med andra stora aktörer, vilket ger stabila kontrakt och kassaflöden. Jag anser att denna aktie är undervärderad med tanke på deras position med monopol på LEO. Jag tror även att detta kan vara en bra aktie eftersom jag under 2026 tror att sektorn som kommer rusa är rymd sektorn, speciellt nu när det börjar bli dags för Elon Musks rymdbolag SpaceX, som har en intern värdering på 800 miljarder dollar enligt NYT , men enligt Placera vill de ha en IPO när deras värdering är på hissnande 1 500 miljarder dollar. Jag tror att detta kan ge mer hype åt rymd sektorn, vilket kommer gynna alla rymdbolag, inte minst IRDM.
Marknad och sektor
Sektorn som IRDM verkar i är inte så stor, det finns enligt Space stocks enbart 35 noterade bolag globalt, men det finns även SpaceX såklart som är onoterat. IRDM är väldigt nischade och håller enbart på med kommunikationstjänster, vilket enligt tidigare nämnd källa det bara finns 8 bolag. Som jag tidigare nämnde har IRDM även monopol inom detta LOE, vilket styrker deras position och sannolikheten att aktien kommer stiga. Bifogar en tabell på de största konkurrenterna med deras PE tal samt market cap.
Ticker
Marketcap i USD
PE/TAL
GOGO
1.1B
-117
SESG
1.4B
-53
VSAT
1.5B
-4.34
ASTS
2.7B
-44
TSAT
246M
-4.2
IRDM
3.8B
14.7
SATS
3.9B
-1.7
GILT
417M
31
ETL
952.3M
-0.84
Finanser
Jag tänkte dyka in lite i IRDMs finanser för att se hur bolaget mår och har gjort några tabeller.
Denna bild är hur omsättningen, vinsten och vinstmarginalen är.image.png
Denna bild är hur omsättningen, vinsten och vinstmarginalen är. Om omsättningen ökar innebär det att verksamheten ökar, vilket gör att företaget kan fortsätta expandera och få fler kunder. Vinst visar hur mycket pengar som blir kvar efter alla kostnader, räntor och skatter. En positiv vinst betyder att företaget går med vinst och har en hållbar affärsmodell, medan en negativ vinst visar att kostnaderna är högre än intäkterna och att företaget eventuellt behöver extern finansiering för att fortsätta verksamheten. Vinstmarginal visar hur stor del av omsättningen som blir kvar som vinst, och ger en bild av företagets effektivitet och kontroll över kostnaderna. Hög vinstmarginal betyder att företaget är effektivt och kan omvandla intäkter till vinst, medan låg marginal kan tyda på höga kostnader eller investeringar i tillväxt.
Här är en tabell på det största bolaget i sektorn, deras ticker är SATS. Om vi kollar på skillnaderna mellan IRDM och SATS ser vi tydligt att SATS omsätter mycket mer, man kan inte omvandla detta till vinst. IRDM har mindre omsättning men kan få vinst ifrån sin omsättning. Under 2024 hade IRDM en vinst på $112.8 MUSD medan SATS förlorade nästan samma summa, de gjorde en förlust på nästan $119 MUSD. SATS hade nästan 19 gånger större omsättning men ändå gjorde IRDM $232 MUSD. Detta visar på att IRDM har en mycket effektiv affärsmodell.
image.png
Nu ska jag dela en tabell på vinst/aktie på både IRDM men även SATS för att få lite jämförelse. Vinst per aktie, ibland även kallat för EPS, kan användas för att kunna jämföra lönsamhet mellan olika företag även om de har olika storlek på omsättning eller antal aktier.
Bolag
EPS
IRDM
0.94
ASTS
-2.1
SATS
-0.44
TSAT
-4.6
GOGO
0.6
GILT
0.44
VSAT
-9.1
SESG
0.3
ETL
-1
Här kan vi se att IRDM tydligt gör mest vinst per aktie, vilket är bra.
Nedan kommer jag att lägga in en tabell som visar omsättning/aktie. Det visar som jag skrev tidigare att om omsättning ökar innebär det att verksamheten ökar, vilket gör att företaget kan fortsätta expandera och få fler kunder
image.png
Nedan lägger jag in en tabell på nettoskuld/EBITDA
image.png
EBITDA visar hur lönsam Iridiums kärnverksamhet är innan räntor, skatter och avskrivningar. Ett stabilt och ökande EBITDA visar att bolaget genererar starka kassaflöden från sin verksamhet.
Nettoskulden hos IRDM är mycket låg, vilket innebär att bolaget har en stark balansräkning och låg finansiell risk. Kombinationen av positiv EBITDA och låg nettoskuld gör att IRDM har god förmåga att finansiera sin verksamhet, hantera sämre tider och fortsätta växa utan att vara beroende av ny skuldsättning.
Analytikernas förväntan
Analytiker tror enligt Avanza , som har hämtat sin data från S&P Global och Millistream, att IRDM kommer ha en snittlig utveckling på hela 58.8%. Den analytikern som är mest optimistisk tror att aktien kan stiga hela 113% medan analytikern som är mest pessimistisk tror på en minskning på 14.5%. Jag gillar risk-rewarden på detta. Infogar en tabell nedan.
image.png
Sammanfattning av caset
OBS jag låter AI göra sammanfattningen utifrån vad jag redan skrivit!
Iridium Communications (IRDM) är ett satellitbolag som erbjuder globala röst- och datakommunikationstjänster via satelliter i låg omloppsbana (LEO). Bolaget har en stark och nischad position inom satellitkommunikation och levererar tjänster till bland annat USA:s regering, andra statliga aktörer, företag och organisationer världen över.
IRDM har i praktiken en monopolställning inom sitt område, vilket tillsammans med LEO-teknikens fördelar – bättre täckning och låg latency - ger bolaget ett tydligt konkurrens övertag. De statliga kontrakten ger stabila och långsiktiga kassaflöden, vilket bidrar till bolagets finansiella trygghet.
Jämfört med konkurrenterna i sektorn sticker IRDM ut genom sin lönsamhet. Trots att flera större aktörer har betydligt högre omsättning, lyckas IRDM omvandla sin omsättning till vinst. Under 2024 gjorde IRDM en vinst på 112,8 MUSD, medan sektorns största bolag, SATS, redovisade en förlust på cirka 119 MUSD trots nästan 19 gånger högre omsättning. Detta visar att IRDM har en mycket effektiv affärsmodell.
IRDM har även högst vinst per aktie (EPS) bland jämförbara bolag, vilket visar att bolaget skapar mer värde per aktie än sina konkurrenter. Samtidigt har IRDM låg nettoskuld i relation till EBITDA, vilket ger en stark balansräkning och låg finansiell risk.
Analytiker ser dessutom en tydlig uppsida i aktien, med en genomsnittlig prognos på cirka 58,8 % uppgång och ett optimistiskt scenario på över 100 %. Sammantaget framstår IRDM som ett undervärderat, lönsamt och finansiellt stabilt bolag med stark position i en sektor som kan få ökad uppmärksamhet de kommande åren.
—------------------------------------------------------------------------------------------------------------------------
Källor
https://www.avanza.se/aktier/om-aktien.html/390735/iridium-communications
https://www.spacestockreport.com/space-stocks/?utm
https://www.placera.se/telegram/ipo-spacex-uppges-sikta-pa-notering-nasta-ar-bn-20251209
https://www.nytimes.com/2025/12/12/technology/elon-musk-spacex-ipo.html
https://investor.iridium.com/
Alla grafer är egengjorda med data ifrån https://investor.iridium.com/annual-reports

Out kf curiosity how long do you intend to hold the stocks? NKE's EPS looks to be trending downward for at least a year, and it's still valued at double its annual revenue.

2017 tax cuts and jobs act passes -> Oracle unlocks billions in previously "trapped" overseas cash -> They use this cash (plus cheap debt) to buy back their own stock -> EPS go up

Looking at the graph, I understand the context of your question. So I asked Google what caused the debt spike in 2018 and AI gave this detailed reply: 
"Oracle's debt "spike" in 2018 was primarily a strategic financial decision to fund massive share buybacks. 
Rather than investing heavily in acquisitions or infrastructure at that time, Oracle used borrowed money to repurchase its own stock. This move was intended to return value to shareholders and boost earnings per share (EPS) by reducing the total number of outstanding shares. 
Key factors and context:
Share Repurchase Program: In 2018, Oracle was among the top companies engaging in large-scale stock buybacks. For example, in the quarter ending September 2018, the company spent over $10.3 billion on repurchases. Over a 12-month period around that time, it bought back 602 million shares, reducing shares outstanding by more than 12%.
Debt-funded: Oracle financed these buybacks partially through bond issuance, even though it was generating significant free cash flow. This practice increased its total debt and eventually led to a credit rating downgrade by S&P in 2019, which cited concerns about increasing leverage.
Contrast with current debt: The debt levels in 2018 (around $75-95 billion) have been a long-term trend, but current reports (dated 2025 in search results) show that Oracle is now taking on even more significant debt (over $100 billion) to fund capital-intensive AI data centers and compete in the AI cloud market. 
The debt spike in 2018 was a deliberate financial engineering strategy focused on shareholder returns rather than an acquisition or major capital project, unlike its more recent debt increases for AI infrastructure."

I wonder if the demand would be so much so that... Nvidia couldn't meet it, and they were perpetually backlogged for 12 months at every earnings report due to how much computing power is needed!
Man! Can you imagine!
That type of projected revenue for the next 12-18 months, plus rolling our a new chip that was EVEN better AND... now, this may be asking too much, but what if Nvidia went back to just blowing earnings away?
I'm talking like 60% or more year of year growth, beat the high end projections in revenue, EPS and their margins went back up to 73%(74% or higher would just be asking too much and would be crazy).
Imagine all those things happened, NOW imagine Nvidia's forward PE was 25.
I mean, OBVIOUSLY, that's all crazy talk, and we're in a bubble, but can you imagine what a buying opportunity this would be!
I mean, in that scenario, Nvidia could VERY reasonably trade for 300 in a year, over 70% returns!
But, as it is, people should probably be selling NVDA. The AI bubble is just ready to pop!
(I am not mocking your statement or you to be clear... just the disconnect as I see it in the market right now).

I started a position in AppLovin ($APP) back in early 2023, when the stock price was still reflected on a valuation premise that considered the IPO pullback and overall negativity in the ad-tech space.
What initially interested me was not growth, but operating inflection. The management team was clearly pivoting from growth to profitability and free cash flow. The operating expenses were being normalized, capital allocation practices improved, and the outlook from aggressively growth-oriented to doable.
One of the most significant considerations that weighed heavily in my thought process is the way in which the advertising platform has evolved. The way in which it has optimized through machine learning has led to increased ROI for advertisers, which is now evident in the bottom line, even prior to the acceleration in top line growth.
On the basis of this, I accumulated 1,500 shares.
The length of the holding period is characterized by high volatility. There were instances of multiple compression, negative sentiment, and even negative publicity. But quarter after quarter, the reported numbers continued to support the same theme of growing profitability, improved cash flow, and a tightening grip on the P&L.
"However, once EPS growth increased and a degree of consistency improved, market sentiment changed. The stock saw a significant re-rating, reflecting increased interest from institutions, which made execution harder to overlook. By 2025, with a valuation that now presumably considered a far more positive outlook, I started gradually reducing my holdings."
The trade made a profit of around $650 per share.
The main lesson for me was that excessive returns often come from identifying fundamental improvement ahead of narrative change, and having the patience to hold while that gap closes.

Half the Russell has zero profit. I think no crash, but we see a rotation back to high quality mega caps EOY/Jan. The market is side-eying a lot of the AI trade but the Rev/EPS of the big names is undeniable. I like AMZN/GOOGL for 2026.

Thank you for reading my post. I think the current P/E isn’t a good representation of GAMB’s valuation because of the last 2 quarters acquisition costs resulted in negative EPS making P/E look very high. If you take away those one time expenses the P/E would be like a 4.5 lol. Looking at their P/B, P/S or P/CF and just their growth I think shows how cheap it really is