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Hidden Value Gems Investment Approach

Low Leverage: minimal use of financial leverage (preferably a net cash position) which adds long-term resilience at the expense of short-term results

Insider Ownership: management with ‘skin in the game’, strong alignment of interests between all the key stakeholders, preferably founder-led businesses, strong track record of value-accretive capital allocation

Attractive Valuation: companies that are trading below their fair values as the market fails to appreciate the full potential of those businesses

Business Quality: a great product (unique and hard to replace), that offers critical value to customers, with limited competition and a loyal customer base

Financial Performance: above-average margins, solid growth, and high returns on capital

Five criteria for identifying attractively priced businesses with above-average potential

What you will gain from the Premium Newsletter

You will receive a Newsletter that will cover at least one of these topics:

Research reports on Quality Businesses

Summary of investment ideas that match the Five Criteria

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Curated investment insights to expand your circle of competence

Opportunity to meet like-minded people at exclusive online meet-ups

Private forum for Members only to exchange ideas

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Each edition may include stock ideas, tools, and other valuable content to help you uncover new investment opportunities.

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Weekly Investment Notes on:

one or two interesting stocks
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Learn more about different subscription options

You can enjoy exclusive Hidden Value Gems content via three subscription plans: Premium, Pro and Lifetime membership.

Investment Notes

As a free subscriber, you'll receive HVG Investment Notes - your weekly source for stock ideas, investing tools, and valuable insights. Rooted in timeless value investing principles, our content is designed to enhance your investment journey.

As a bonus, you will also receive a Free Sample Report on a quality business with a competitive advantage, key value drivers, and valuation scenarios.

Premium

This is the core plan for active investors who want to receive independent research with unique investment ideas and differentiating views. Premium subscription is offered exclusively on an annual basis to provide a consistent experience for all subscribers.

As a Premium subscriber, you will receive curated stock ideas and research every month, featuring stocks I am actively analysing. Each idea comes with summary valuation tables, financial ratios, and key value drivers to save you time and broaden your investment universe.

You will also gain access to more detailed reports, typically 10-15 pages long, covering 10-12 high-quality companies with strong moats, skilful management, attractive valuations, and other unique features.

You will be notified each time I decide to buy or sell a stock in my Real-Money Portfolio with key reasons and additional thoughts. Regular updates on all companies within the HVG Portfolio will also be provided.

Premium members receive extra perks, including live video calls where we discuss specific stocks and investment themes. You will also have access to a private chat group where members can exchange ideas and insights.

You can find more information on this here.

Pro

The main advantage of the Pro plan is that it's a tailored research and includes financial modelling, special situations, identification of critical value drivers, industry benchmarking, risk assessment and 1-on-1 direct calls/emails.

You will also get an exclusive opportunity for 1-on-1 direct email or video chat. Of course, this communication will be negotiated and scheduled in advance.

The Pro plan has a limited capacity and subject to authors availability.

Lifetime member

This plan provides maximum value as you make only one payment and get full access to all the reports and exclusive content forever.

No more subscription worries, as you never have to make renewal payments or face further price hikes.

The return on this one-off investment will rise as the library of exclusive content continues to grow over many years.

You can also enjoy complimentary access to all online courses that I will launch in 2024 (free of charge).

As a privileged member, you will also enjoy small-group dinners with like-minded people.

I will be delighted to help you with any queries and provide priority support if you have any questions or issues.

The lifetime membership plan has a limited capacity and will soon be closed for new members.

Trusted by many professional investors

Christian Putz
Founder & CIO of ARR Investments

Ildar’s newsletter helps me to find new angles in investing. ‘Why most people lose money in the stock market?’ is a Super Artikel.
Julio Utrera, CFA
Senior Analyst, Southeastern Asset Management

I always find unique and high-quality ideas in the Hidden Value Gems newsletter, which I love reading. Ildar’s analysis of Exor is one of the best I have seen so far.
Joe Wickes
Head of UK Corporates, Commerzbank AG

It’s been a while since my Moscow years, but I always look back on that time fondly and I enjoyed working together. I just signed up to your newsletter and I’m looking forward to reading your thoughts and views. Best of luck.
Anton Barinov
CIO of Ahead Asset Management

I enjoy institutional-quality research and personal perspective that Ildar adds on less-covered investment opportunities, which makes his work unique and highly valuable.
Can Demir
Head of Financials, WOOD & Co

Ildar has been a key analyst contact for hedge funds, family offices and long-only funds in emerging Europe for over 15 years. Now, he is making his research available to investors of all shapes and sizes.

Hidden Value Gems provides DIY investors institutional-grade research on stocks that big money can overlook. It's also an excellent resource for investment philosophy, Mungerism and larger companies - not least Ildar's favourite Berkshire Hathaway.

With Ildar's exceptional credentials and his money behind his ideas, Hidden Value Gems is hands down the best offering on the market today.
Alessio Chiesa
Chief Economist, ADA Economics

Ildar's products are a great resource that I really suggest both newcomers to finance and seasoned professionals. As a subscriber to his newsletter for nearly a year, I can definitely recommend it based on the insightfulness and originality of its content. Ildar is blunt when sharing his view and not afraid of challenging traditional "consensus" assumptions. His unique style feels very holistic and highlights the amount of research and care he puts into everything he releases.

My favorite analyses are the ones covering the oil industry. Drawing from two decades of experience, he offers an accessible approach to valuing such a complex industry that only someone who has true experience in the sector can guide you through.
Private Investor
London/UK

I find HiddenValueGems very insightful to read about potential companies to invest in that are good to excellent businesses trading at reasonable prices. It also helps me as a sounding board on competitive advantages and risks of my current portfolio of companies. I would definitely recommend the newsletter to any long-term investors.
David O’Hara
Private investor

Ildar Davletshin is a bit a star of the UK stock market bloggosphere.