Deep Dives

Each deep dive will be accompanied by a detailed excel model every month. You can find the models on this page. Download the model to play around with the assumptions to build your own narrative. Make sure you understand the narrative well before you get your hands on the excel file. Anyone can make a DCF sing and it can potentially become a tool for confirming your biases. I have kept the model relatively simple so that people with even basic understanding of Excel can find it easy to navigate.

Link of the full Deep Dives (chronological order)

1. Sep'20: Uber (UBER)
2. Oct'20: Etsy (ETSY) (Update: Here)
3. Nov'20: Lululemon (LULU) (Update: Here)
4. Dec'20: Angi (ANGI)
5. Jan' 21: Ansys (ANSS)
6. Feb'21: Copart (CPRT)
7. Mar'21: Autodesk (ADSK)
8. Apr'21: Shopify (SHOP)
9. May'21: Otis (OTIS)
10. Jun'21: CrowdStrike (CRWD)
11. Jul'21: Roku (ROKU)
12. Aug'21: Boeing (BA)
13. Sep'21: Square / Block (SQ / XYZ)
14. Oct'21: Trupanion (TRUP)
15. Nov'21: Restoration Hardware (RH)
16. Dec'21: Spotify (SPOT)
17. Jan'22: Pinterest (PINS)
18. Feb'22: Twilio (TWLO)
19. Mar'22: Constellation Software (CSU)
20. Apr'22: Ethereum (ETH)
21. May'22: Adyen (ADYEY)
22. Jun'22: PayPal (PYPL)
23. Jul'22: Danaher (DHR)
24. Aug'22: Adobe (ADBE) (Update: Here, and Here)
25. Sep'22: Cloudflare (NET)
26. Oct'22: Airbnb (ABNB)
27. Nov'22: Datadog (DDOG)
28. Dec'22: Sherwin-Williams (SHW)
29. Jan'23: Hilton (HLT)
30. Feb'23: Fastenal (FAST)
31. Mar'23: Meta (META) (Update: 2024, 2025, 2026)
32. Mar'23: Alphabet (GOOG)
33. Mar'23: Amazon (AMZN) (Update: Here, and Here, 2024, 2025, 2026)
34. Apr'23: Microsoft (MSFT)
35. May'23: Tyler Technologies (TYL)
36. Jun'23: Brown & Brown (BRO)
37. Jul'23: CSX
38. Aug'23: Dollar General (DG)
39. Sep'23: Tesla (TSLA)
40. Oct'23: Enphase Energy (ENPH)
41. Nov'23: FleetCor (FLT/CPAY)
42. Dec'23: Floor & Decor (FND)
43. Jan'24: CoStar (CSGP)
44. Feb'24: AppFolio (APPF) (Update here)
45. Mar'24: Semiconductor Primer
46. Apr'24: Texas Instruments (TXN)
47. May'24: TSMC (TSM)
48. Jun'24: IQVIA (IQV)
49. Jul'24: Sartorius Stedim (DIM)
50. Aug'24: EssilorLuxottica (ESLOY)
51. Sep'24: Veeva (VEEV)
52. Oct'24: Universal Music Group (UMG)
53. Nov'24: Oracle (ORCL)
54. Dec'24: Maravai (MRVI)
55. Jan'25: IDEXX (IDXX)
56. Feb'25: Update on Meta (META) and Amazon (AMZN)
57. Mar'25: Illumina (ILMN)
58. Apr'25: Synopsys (SNPS)
59. May'25: Perimeter (PRM)
60. Jun'25: APi (APG)
61. Jul'25: Cognex (CGNX)
62. Aug'25: Union Pacific (UNP)
63. Sep'25: ASML
64. Oct'25: Instacart (CART)
65. Nov'25: Booking (BKNG)
66. Jan'26: Figma (FIG)
67. Mar'26: Ryan Specialty (RYAN)
68. Apr'26: Roblox (RBLX)
69. May'26: Fair Isaac (FICO) (Part 1, 2, 3, 4)
70. July'26: DoorDash (DASH)
71. Sep'26: Uber (UBER)

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