▶ Full Post Text
Not my work - sourced from Giles Capital's weekly compilation: [https://gilescapital.substack.com/](https://gilescapital.substack.com/)
# Americas
[**SixSigmaCapital**](https://open.substack.com/users/345438516-sixsigmacapital?utm_source=mentions) on [**Meta Platforms**](https://sixsigmaresearch.com/p/meta-earnings-update-a-quick-look) (🇺🇸 META - US$1.3 trillion)
Quarterly update covering several names, but Meta stood out most. Monster quarter with 21% revenue growth and $14.1 billion free cash flow, AI acceleration enhancing engagement, WA app paid messaging now exceeds $2 billion run rate.
[**Wesley**](https://open.substack.com/users/74821602-wesley?utm_source=mentions) on [**Adobe**](https://investingwithwes.substack.com/p/adobe-adbe) (🇺🇸 ADBE - US$195 billion)
Software leader trading at 18x earnings with aggressive buybacks reducing share count over 10% in three years. AI innovation through Firefly positions the company well for continued growth.
[**Best Anchor Stocks**](https://open.substack.com/users/108739794-best-anchor-stocks?utm_source=mentions) on [**Texas Instruments**](https://www.bestanchorstocks.com/p/data-center-data-center-and-more) (🇺🇸 TXN - US$175 billion)
Data center revenue hit $1.5 billion growing 64% year over year, strongest sequential guidance since the financial crisis. Free cash flow up 94% with further expansion as capex winds down.
[**Margin of Safety Investing**](https://open.substack.com/pub/margarineofsafety) on [**Constellation Software**](https://www.marginofsafetyinvesting.com/p/softwares-funeral) (🇨🇦 CSU - CAD $85 billion)
Legendary VMS serial acquirer priced as if heading to zero due to AI narrative. Trading at 15.9x operating cash flow versus 25x historical median, the author argues death is greatly exaggerated.
[**The Dutch Investors**](https://open.substack.com/users/207588953-the-dutch-investors?utm_source=mentions) on [**PayPal**](https://thedutchinvestors.substack.com/p/is-paypal-dead-money-or-deeply-mispriced) (🇺🇸 PYPL - US$68 billion)
Former market darling down 80% from highs, market pricing permanent decline despite transaction margin dollars growing 7%. Aggressive buybacks retiring over 6% of shares annually create a floor.
[**Buffetts Disciple**](https://open.substack.com/pub/buffettsdisciple) on [**Torex Gold and Serabi Gold**](https://buffettsdisciple.substack.com/p/gold-miners-still-cheap) (🇲🇽 TXG.TO, 🇧🇷 SRB.TO - CAD $3.2 billion, $180 million)
Two gold miners at compelling valuations in a single deep-dive. Torex produces 400k oz at $1,600 all-in sustaining cost with Prime Mining adding 30% reserves. Serabi trades at 5x free cash flow with binary Coringa license catalyst in 2027.
[**Unemployed Value Degen**](https://open.substack.com/users/131407762-unemployed-value-degen?utm_source=mentions) on [**World Kinect Corp**](https://unemployedvaluedegen.substack.com/p/could-ai-efficiencies-turn-this-energy) (🇺🇸 WKC - US$2.1 billion)
Energy distributor with $37 billion revenue trading at 0.04x price to sales. AI efficiency thesis could unlock significant margin improvement with ten-bagger potential if execution improves.
[**Bestowal Capital**](https://open.substack.com/users/255515586-bestowal-capital?utm_source=mentions) on [**Fiverr International**](https://bestowalcapital.substack.com/p/deep-value-3-fiverr-international) (🇺🇸 FVRR - US$1.5 billion)
Freelance marketplace trading at 3.4x forward EV/EBITDA with 49% of market cap in net cash. Convertible note overhang resolved, active buyer decline masking mix shift to higher-value customers.
[**N.R98**](https://open.substack.com/users/127774109-nr98?utm_source=mentions) on [**Bolsa Mexicana de Valores**](https://acidinvestments.substack.com/p/quick-trade-idea-bolsa-mexicana-de) (🇲🇽 BOLSA.A - US$950 million)
Mexican stock exchange trading at rare discount to its own index. 10x free cash flow with 6% dividend yield, 50% upside to 15x rerating as trading activity heats up.
[**The Clinical Edge**](https://open.substack.com/users/369849610-the-clinical-edge?utm_source=mentions) on [**Interpace Biosciences**](https://theclinicaledge.substack.com/p/interpace-biosciences-thesis-confirmed) (🇺🇸 IDXG - US$55 million)
Recent results confirm the turnaround thesis, with the core thyroid testing business growing 21%. Now debt-free, the company is signaling its operational recovery by pursuing a Nasdaq uplisting.
[**TheValueNerd**](https://open.substack.com/users/422928903-thevaluenerd?utm_source=mentions) on [**Acorn Energy**](https://thevaluenerds.substack.com/p/why-i-am-buying-this-stock-when-the) (🇺🇸 ACFN - US$35 million)
The market overreacted to a weak Q3, creating a long-term opportunity. Its high-margin recurring revenue model remains intact, and a new strategic partnership significantly expands its addressable market.
[**Catalyst Investing**](https://open.substack.com/users/433769576-catalyst-investing?utm_source=mentions) on [**VASO Corporation**](https://catalystinvesting.substack.com/p/vaso-corporation-otcvaso-buying-a) (🇺🇸 VASO - US$32 million)
Nano-cap trading at negative enterprise value with $35 million cash versus $32 million market cap. Generating approximately $9 million free cash flow through Q3, effectively buying a profitable business for free.
# Europe, Middle East & Africa
[**The Dutch Investors**](https://open.substack.com/users/207588953-the-dutch-investors?utm_source=mentions) on [**LVMH**](https://thedutchinvestors.substack.com/p/lvmh-q4-earnings-update) (🇫🇷 MC - €275 billion)
Navigating a cyclical winter, the luxury bellwether appears to be under-earning. Its multi-year low valuation at 16.2x forward EV/EBIT and strong 4.9% free cash flow yield signal a long-term opportunity.
[**Unfair Advantage** ](https://open.substack.com/pub/unfairadvantagecapital)on [**Pandora A/S**](https://unfairadvantagecapital.substack.com/p/unique-razor-and-blade-model-in-affordable) (🇩🇰 PNDORA - €12 billion)
Pandora’s misunderstood razor-and-blade model in affordable luxury creates a durable moat. Trading at just 7.5x earnings, its high-margin, repeat-purchase charm business is consistently undervalued by the market.
[**Mr Deep-Value**](https://open.substack.com/users/113017890-mr-deep-value?utm_source=mentions) on [**Fountaine Pajot**](https://www.mrdeepvalue.com/p/fountaine-pajot-analysis) (🇫🇷 ALFPC - €180 million) - **TOP PICK**
Trading at just 4.3x enterprise value to five-year average free cash flow, an investor is essentially paying for the assets. Net cash covers 70% of market cap while 53% family ownership with 70% voting rights protects long-term interests in this deep-value case.
[**PPinvest**](https://open.substack.com/users/22933972-ppinvest?utm_source=mentions) on [**q.beyond AG**](https://ppinvest007.substack.com/p/high-conviction-buy-why-this-cash) (🇩🇪 QBY - €92 million)
German IT services turnaround with €41.3 million net cash covering 45% of market cap. Trading below 3x EV/EBITDA versus 8 to 10x peers, an upcoming shareholder meeting to approve capital reduction should unlock buybacks.
**Asia-Pacific**
[**AltayCap**](https://open.substack.com/users/8354883-altaycap?utm_source=mentions) on [**Mitani Corporation**](https://altaycap.substack.com/p/mitani-corporation-tyo-8066-12-bn) (🇯🇵 8066 - ¥120 billion)
Japanese conglomerate doing everything right for over 30 consecutive profitable years. Number one cement seller with 80% gondola rental market share, trading at 2.6x EV/EBIT despite profits growing 5x since 2008.
[**smallvalue**](https://open.substack.com/users/219508065-smallvalue?utm_source=mentions) on [**Baguio Green Group**](https://smallvalue.substack.com/p/baguio-green-group) (🇭🇰 1397 - HK$520 million) - **TOP PICK**
A founder-led environmental services firm showing compelling undervaluation. It trades at a P/E of 6.0x and an EV/EBITDA of 2.9x with 54% free cash flow yield, despite consistent growth and a HK$3.1 billion contract backlog.
[**Buffetts Disciple**](https://open.substack.com/pub/buffettsdisciple) on [**Altyngold PLC**](https://buffettsdisciple.substack.com/p/gold-miners-still-cheap) (🇰🇿 ALTN - £48 million)
Kazakhstan gold miner with lowest all-in sustaining cost at $1,357 per ounce producing 50k oz annually. Trading at 4 to 5x earnings with 96% upside target, exploration upside in underexplored concession.