Tweedy Browne is an investment partnership owned by its four Managing Directors, William H. Browne, John D. Spears, Thomas H. Shrager, and Robert Q. Wyckoff, Jr. The operations of Tweedy Browne are managed by its Management Committee consisting of Christopher H. Browne, William H. Browne and John D. Spears. This investment partnership has been recognized by Warren Buffett (Trades, Portfolio) as Graham-Doddsville Superinvestors. The Firm has been in the investment business for close to 90 years. Benjamin Graham, through his investment in Graham-Newman Corp., was one of Tweedy's brokerage clients in the 1930s and 1940s.
Web Page: http://www.tweedy.com/
The Tweedy Browne (Trades, Portfolio) investment approach derives from the work of Benjamin Graham. Their research seeks to appraise the worth of a company, what Graham called "intrinsic value," by determining its acquisition value, or by estimating the collateral value of its assets and/or cash flow. Investments are made at a significant discount to intrinsic value, normally 40% to 50%, which Graham called an investor's "margin of safety." Investments are sold as the market price approaches intrinsic value, with the proceeds reinvested in other situations offering a greater discount to intrinsic value.
Browne’s portfolio is composed of 49 stocks and has a total value of $3,906 Mil. 26.1% of shares are from Financial Services companies, 19.1% from Energy sector and 16.7% from Healthcare Industry.
Among the stocks with the lowest P/E ratios in David Einhorn (Trades, Portfolio)’s portfolio, National Western Life Insurance (NWLI), National Oilwell Varco Inc (NOV) and Phillips 66 (PSX) are the stocks that are currently trading with the lowest P/E ratio.
National Western Life Insurance (NWLI) is trading at P/E (ttm) ratio of 7.90. The company is part of the Global Insurance – Life Industry which has an average P/E (ttm) ratio of 16.90.
The company has a market cap of $930M and it offers a portfolio of individual whole life, universal life and term insurance plans, and annuities, including supplementary riders.
The Peter Lynch Earnings line gives a fair value of $445.6 that means the stock is currently trading with a margin of safety of 43%.
The Discounted Cash Flow model gives a fair value of $272.72 and a current margin of safety of 6%.
The Profitability and Growth ratio is 8/10 with a ROA of 0.96% , ROE of 7.12%.
Over the last 5 years, the Revenue grew by 13.20%, EBITDA by 23.50% and the Book Value by 7.80%.
Tweedy Browne is the main holder with 2.63% of Outstanding Shares, followed by HOTCHKIS & WILEY with 0.49%, and Chuck Royce who holds 0.33%
National Oilwell Varco Inc (NOV) is trading at P/E (ttm) ratio of 8.80. The company is part of the Global Oil & Gas Equipment & Services Industry which has an average P/E (ttm) ratio of 15.60.
The company has a market cap of $20,415M . It is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry.
The Peter Lynch Earnings line says the company is fairly priced at current price of about $50.
The Discounted Cash Flow model gives a fair value of $164.83 and a current margin of safety of 70%.
Over the last 5 years, the Revenue grew by 12.40%, EBITDA by 9.40% and the Book Value grew by 9%.
The Profitability and Growth ratio is 7/10 with a ROA of 7.28% (better then 88% of competitors), a ROE of 11.53% and a ROC of 40.04% (better then 94% of competitors).
Dodge & Cox holds 3.48% of Outstanding Shares, followed by Jean-Marie Eveillard (3.3%) and Frank Sands (2.64%). Tweedy Browne holds just 0.09%.
Phillips 66 (PSX) is trading at P/E (ttm) Ratio of 9.30. The company is part of the Global Oil & Gas Refining & Marketing Industry which has an average P/E (ttm) ratio of 31.40.
The company has a market cap of $40,306M.
The Peter Lynch Earnings line gives a fair value of $99.7 that means the stock is currently trading with a margin of safety of 25%.
The Discounted Cash Flow model gives a fair value of $105.03 and a current margin of safety of 29%.
Over the last 12 months EBITDA grew by 12.90% and the Book Value grew by 4.90%.
The Profitability and Growth ratio is 6/10 with a ROA of 9.53% (better then 95% of competitors), a ROE of 22.01% and a ROC of 34.99% (better then 95% of competitors).
James Barrow is the main holder with 2.99% of Outstanding Shares, followed by Warren Buffett (1.21%) and Daniel Loeb (0.92%). Tweedy Browne after this new buy, holds just the 0.07%
