With markets at all-time highs, it is becoming increasingly difficult to find undervalued companies. One has to look around the world to identify great opportunities. I believe that Autohome (NYSE:ATHM) is one of them, as it’s a well managed business, with high returns on invested capital, strong competitive advantages and low valuation compared to potential future cash flows. So let’s examine the business in detail.
Autohome is the leading automotive portal in China. The company operates two websites: Autohome.com.cn (new cars) and Che168.com (used cars). The business model....More>>>