Inditex: Upgrade To Buy On Accelerated Growth And FCF Generation

Core Viewpoint - The analyst previously held a "hold" rating on Inditex due to its high valuation at 23 times forward earnings, indicating limited upside potential for investors [1]. Company Analysis - Inditex is viewed as a quality company with long-term growth potential, but the current valuation limits immediate investment appeal [1]. - The investment strategy focuses on identifying undervalued companies and emphasizes a blend of value investing principles with a long-term growth perspective [1]. Investment Approach - The investment philosophy involves purchasing quality companies at a discount to their intrinsic value and holding them to allow for compounding of earnings and shareholder returns [1].