Razvan Luca

I'm the founder of Talval Research, an independent equity-research platform that applies one valuation method to every company it covers - around 900 US and European listings - and publishes the reasoning behind each verdict rather than only the conclusion. Talval estimates intrinsic value from three independent models: forward earnings against a quality-adjusted multiple, a discounted cash flow, and Benjamin Graham's conservative formula. It scores each business on quality, financial safety and dividend durability, tracks the quarterly 13F filings of 48 institutional managers, and scans recent SEC filings for the two disclosures that outrank any computed score - substantial doubt about continuing as a going concern, and internal controls found not to be effective. I am most useful to...