Company Research
Independent equity research combining the BCG Growth-Share Matrix, the Business Model Canvas, a customer “Job Audit,” and a sum-of-the-parts valuation for each company. See our methodology for how these calls are made.
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AIA Group Limited (1299.HK)
HOLD · ModerateThis Sum-of-the-Parts (SOTP — valuing each business separately, then adding them up) analysis puts AIA's central fair value at roughly **HK$71.22 (≈US$9.08) per share**, about **5%…
CareDx, Inc. (CDNA)
BUY · ModerateThis Sum-of-the-Parts (SOTP — a valuation that prices each business line separately and adds them up, rather than valuing the whole company at once) analysis puts CareDx's central …
Celestica Inc. (CLS)
AVOID · ModerateCelestica's Sum-of-the-Parts (SOTP) central fair value works out to **$263.74 per share**, about 24% below today's $346.55. The reason is not that the switch business is weak — it …
CoStar Group, Inc. (CSGP)
BUY · ModerateAdding up the fair value of CoStar's three Strategic Business Units (SBUs) gives a Total Fair Enterprise Value (EV) of about $14.78 billion, against a market EV of $12.24 billion t…
Credo Technology Group Holding Ltd (CRDO)
AVOID · LowA Sum-of-the-Parts (SOTP) valuation — pricing each Strategic Business Unit (SBU) on the multiple its own BCG Matrix quadrant justifies, then adding the pieces together — puts Credo…
Fluence Energy, Inc. (FLNC)
BUY · ModerateFluence Energy trades at $9.98 (September 11, 2026). This Sum-of-the-Parts (SOTP — adding up a separate fair value for each business line instead of valuing the whole company at on…
Full Truck Alliance Co. Ltd. (YMM)
HOLD · ModerateFull Truck Alliance (FTA) is priced almost exactly at what this Sum-of-the-Parts (SOTP — a valuation built by pricing each business line separately and adding them up, rather than …
Paymentus Holdings, Inc. (PAY)
AVOID · ModeratePaymentus has exactly one Strategic Business Unit (SBU): the Cloud Electronic Bill Presentment and Payment (EBPP) Platform, which Stage 4 classified as a Question Mark — a market g…
Rocket Lab Corporation (RKLB)
AVOID · ModerateRocket Lab's Sum-of-the-Parts (SOTP — adding up a separate fair value for each business line instead of valuing the whole company at once) valuation puts central fair value at **$1…