Alejandro Estebaranz of True Value presented his in-depth investment thesis on SII SA (Société pour l’informatique industrielle) (France: SII) at European Investing Summit 2020.

Thesis summary:

SII SA (Société pour l’informatique industrielle) (France: SII) is an engineering company. It is a high-quality business trading at a cheap valuation. SII has an impressive track record of twenty years of consecutive growth. It is a well-run business, and the management team owns about 50% of the equity. Alejandro expects the top line to grow at an annual rate of 10+% over the next five years. SII has a balance sheet with net cash, while the shares trade at an EV/EBIT multiple of less than 5x.

The full session is available exclusively to members of MOI Global.

Members, log in below to access the full session.

Not a member?

Thank you for your interest.  Please note that MOI Global is closed to new members at this time. If you would like to join the waiting list, complete the following form:

About the instructor:

Alejandro Estebaranz has served as CIO of True Value Fund (ISIN: ES0180792006) since its inception. True Value, based in Spain, is a long-only equity fund founded in 2014. It focuses on underfollowed small- and mid-cap public companies, seeking good businesses with good management teams. He holds a degree in mechanical engineering and a degree in industrial engineering.

The content of this website is not an offer to sell or the solicitation of an offer to buy any security. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this website. BeyondProxy’s officers, directors, employees, and/or contributing authors may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated herein.