Industries
Consumer Electronics
All research in Consumer Electronics — 3 reports.
33/100
HP Inc.: A Value-Investing Deep Dive
A mature hardware company kept afloat by its print-supplies cash cow: the valuation is undemanding but the business quality is mediocre. We assign a Watch rating, with a fair entry price of 19 to 22 dollars; at the current 24.68 dollars the margin of safety is insufficient. Rating Watch: a cheap-looking cash cow whose price still does not cover its ordinary-business flaws.
47/100
Garmin Ltd. Deep Value Investment Research
Garmin is a multi-category professional hardware platform spanning Fitness, Outdoor, Marine, Aviation, and Auto OEM, backed by zero long-term debt and $4.1 billion of net cash. The core thesis is that the business is high quality, cash-generative, and conservatively run, but the current price of $238.53, at roughly 27x P/E, already discounts much of that quality. Research rating Watch: a durable compounder worth tracking closely, but not a clear value opportunity at today's price.
48/100
Xiaomi Group Long-Term Owner-Oriented Research
Xiaomi is now a platform hardware company built around smartphones, AIoT, internet services, and a rapidly scaling EV business. 2025 revenue reached RMB 457.29 billion, profit attributable to owners reached RMB 41.64 billion, EV revenue rose 223.8% and moved close to breakeven, while internet services carried a 76.5% gross margin; however, the HK$30.7 share price already pays upfront for stable smartphones, EV scaling, and AIoT expansion. Research rating Watch: a stronger business, but Apple-like moat depth and a clear margin of safety are still absent.