30%+ Revenue CAGR. Emerging Market. A Blue Ocean.
Oh, and attractively valued
Today I’ll venture into a new country and a new industry. Some will say that this is a dangerous thing to do, and while I do agree, I must say that today’s investment thesis has many parallels in other geographies (and even industries).
I don’t particularly like retail businesses, but I believe that the company I’ll profile today has sustainable (and widening) competitive advantages and a very long runway ahead.
The company…
Is founder-led, with the founder owning roughly 10% of the shares outstanding
Has grown its top line at a 37% CAGR over the past 3 years
Operates in an emerging country with significant growth potential
Is executing a model that has succeeded elsewhere by following the footsteps of another company (one where the founder had a stake)
Is attractively valued today
Without further ado, let’s jump right into it.
Just as an fyi, I’ll most likely host a webinar to solve any doubts/questions related to today’s report. The webinar will be held exclusively for paid subscribers.