[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @CompTortoise The Compounding Tortoise The Compounding Tortoise posts on X about harvia, $harvia, $csu, deep dive the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours. ### Engagements: XXXXX [#](/creator/twitter::1730594041543143424/interactions)  - X Week XXXXXX +6,574% - X Month XXXXXX -XX% - X Months XXXXXXX +20% - X Year XXXXXXX -XX% ### Mentions: XX [#](/creator/twitter::1730594041543143424/posts_active)  - X Months XX -XX% - X Year XXX -XX% ### Followers: XXXXX [#](/creator/twitter::1730594041543143424/followers)  - X Week XXXXX +0.18% - X Month XXXXX +0.62% - X Months XXXXX +7.70% - X Year XXXXX +30% ### CreatorRank: XXXXXXX [#](/creator/twitter::1730594041543143424/influencer_rank)  ### Social Influence [#](/creator/twitter::1730594041543143424/influence) --- **Social category influence** [finance](/list/finance) [stocks](/list/stocks) [countries](/list/countries) [luxury brands](/list/luxury-brands) [technology brands](/list/technology-brands) [cryptocurrencies](/list/cryptocurrencies) [automotive brands](/list/automotive-brands) [currencies](/list/currencies) [fashion brands](/list/fashion-brands) [social networks](/list/social-networks) **Social topic influence** [harvia](/topic/harvia) #1, [$harvia](/topic/$harvia), [$csu](/topic/$csu), [deep dive](/topic/deep-dive), [$lifco](/topic/$lifco), [$toiv](/topic/$toiv), [$dplm](/topic/$dplm), [constellation](/topic/constellation), [sauna](/topic/sauna) #28, [investment](/topic/investment) **Top assets mentioned** [Linde PLC (LIN)](/topic/$lin) [Copart, Inc. (CPRT)](/topic/$cprt) [TJX Companies, Inc. (TJX)](/topic/$tjx) [Atkore Inc. (ATKR)](/topic/$atkr) [Tractor Supply Co (TSCO)](/topic/$tsco) [PoolTogether (POOL)](/topic/$pool) [Autozone Inc (AZO)](/topic/$azo) [Otis Worldwide Corp (OTIS)](/topic/$otis) [O'Reilly Automotive Inc (ORLY)](/topic/$orly) [Amphenol Corporation (APH)](/topic/amphenol) [Cullen/Frost Bankers, Inc. (CFR)](/topic/$cfr) [Neurobro (BRO)](/topic/$bro) [Ferrari N.V. (RACE)](/topic/$race) [Microsoft Corp. (MSFT)](/topic/microsoft) ### Top Social Posts [#](/creator/twitter::1730594041543143424/posts) --- Top posts by engagements in the last XX hours "Constellation Software $CSU Q1 AGM tomorrow Solid margin expansion healthy organic growth ex FX and ex Altera M&A bit lighter after great Q4 deployment Update coming on S*bstack"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1922039407743221951) 2025-05-12 21:21:19 UTC 8382 followers, 5685 engagements "Strong set of results for Addtech; soft for Indutrade Some clear trends emerging - serial acquirers that struggle with organic growth and margins have been struggling for several quarters now. Although their comparisons will become easier that's not really relevant imo. $ADDT.ST $INDT.ST $ADDT $INDT #serialacquirers"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1945049946081612200) 2025-07-15 09:16:59 UTC 8376 followers, 2531 engagements "5 Long-Termism and Conviction in Valuation TCI's approach to valuation is unique: they don't even begin to look at it until they are absolutely convinced that a company's moats are robust enough to endure for the long haul. Their due diligence involves exhaustive reference checks direct engagement with (and assessment of) management conversations with competitors and crucial internal challenges from inherently bearish team members designed to rigorously stress-test every assumption about potential disruption"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1946226912768237642) 2025-07-18 15:13:49 UTC 8386 followers, XXX engagements "Our top X European High-Quality Stocks 📈 France - Herms - LVMH - L'Oral Sweden - Evolution - Lifco - Atlas Copco Netherlands - ASML - Wolters Kluwer - Adyen Italy - Reply - SeSa - Sanlorenzo Spain - Amadeus - Inditex - Laboratorios Farmaceuticos ROVI What else"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1778139185687199746) 2024-04-10 19:13:12 UTC 8374 followers, 53.1K engagements "Impressive growth story with ROIICs and IRRs on steroids $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1930629205198344467) 2025-06-05 14:14:06 UTC 8379 followers, 4164 engagements "Harvia is the leading sauna and spa company and stands out in its industry consistently achieving EBIT margins above XX% even before the pandemic. While its mostly private competitors saw an X% EBIT margin thanks to COVID-era tailwinds those are now normalizing. Its capital efficiency is clear with an underlying organic ROIIC is close to XX% and it boasts impressive returns on incremental invested capital of XX% (including M&A) since the IPO"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1946226921651552537) 2025-07-18 15:13:51 UTC 8386 followers, XXX engagements "Two relatively boring examples from our portfolio could be Linde and Harvia. $LIN $HARVIA Lindes business model is designed to generate a meaningful economic return out of its asset base irrespective of the macro. Its on-site customers from any end market pay it fixed facility fees that are independent of volumes. These fees are contractually required to recover out capital investment and are part of virtually every on-site agreement"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1946226919256785306) 2025-07-18 15:13:51 UTC 8386 followers, XXX engagements "Richemont posting solid results with X% constant FX revenue growth led by the Americas and EMEA $CFR"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1945372811494601200) 2025-07-16 06:39:56 UTC 8385 followers, 2251 engagements "Well start: free deep dive - Harvia Plc $HARVIA The "Healing with the heat" money machine ➡A dominant position in a niche market with global reach; ➡Driving gross margin expansion to reinvest in OPEX to maximize total value creation; ➡Strong financial metrics including high ROIIC and high cash IRRs on growth investments; ➡Strategic growth through capacity investments acquisitions (cross-sell) and international expansion; ➡Efficient capital allocation and a capital-light business model"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1930555109018157360) 2025-06-05 09:19:40 UTC 8379 followers, 1258 engagements "Brown & Brown announces its largest acquisition to date Accession. $BRO * Net purchase price to pro forma adjusted EBITDA multiple of 12x"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1932429150603575751) 2025-06-10 13:26:26 UTC 8376 followers, 8363 engagements "@JuanHR_de No explicit opinion on Thule but it's got a very heavy dividend payout policy (think it's 70-80% or so which I don't like)"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1945113169673789590) 2025-07-15 13:28:12 UTC 8375 followers, XX engagements "Diploma $DPLM.L with a very strong set of results. Considerable raise in the full-year outlook: total revenue growth of XX% up from previous XX% target both a constant FX operating margin of XXXX% a whopping XX bps above prior view driven by acquisition mix and base business #Diploma #serialacquirers"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1789971674529447971) 2024-05-13 10:51:17 UTC 8375 followers, 7379 engagements "Our X most-read blogs on fundamental analysis are now: - Why the ROIIC + Growth + FCF Optionality Framework is Underappreciated; - Valuing Quality Growth Companies; - How We Define Sustainable Quality Compounding (Part 1); - Calculating ROIC for a Serial Acquirer (Lifco); - When ROIC is a Flawed Metric - Part II; Go check them out $LIFCO $CSU $HARVIA $RACE"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1925994048092827790) 2025-05-23 19:15:38 UTC 8377 followers, 3226 engagements "5 Product Newness Drives Increased Profitability Interestingly the recently launched Woodburning Cilindro has already generated strong incremental sales although long-time Harvia shareholders remember former CEO Pajuharju saying that the sauna industry is conservative and slow-moving (Tortoise :-)) in adopting new solutions"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1930538442644963604) 2025-06-05 08:13:27 UTC 8379 followers, XXX engagements "Shared the earnings recap on Lifco's Q2 (🔗in bio) Its 1H performance is pretty much in line with its post-COVID trend but the market's banking on a lot more near- and long-term growth imo. $LIFCOB $LIFCOB.ST $LIFCO"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1944779040256139603) 2025-07-14 15:20:30 UTC 8376 followers, 3278 engagements "4 Risky and Bad Industries: A Strictly Curated Universe Hohn maintains a stringent "long list" of industries he rigorously avoids bluntly labeling them risky and bad based on lessons learned sometimes painfully"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1946226910297518195) 2025-07-18 15:13:49 UTC 8386 followers, XXX engagements "An interesting recent development at Harvia (May XX 2025): stock purchases on the open market as the salary of the Board members now becomes XX% cash and XX% Harvia shares. Additionally from the Q1 2025 call: And from more or less like from HR perspective just to remind that a lot of our people are actually Harvia shareholders and we have also quite wide long-term incentive programs for our key personnel they have parallel interests with our shareholders to increase the value of the company and they get their share of that value increase also after minimum three years. Right incentivization"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1932028093276803287) 2025-06-09 10:52:47 UTC 8374 followers, 3414 engagements "Shared a new two-part blog on how we define sustainable quality compounding Tying previously published article together by discussing six companies: Harvia separately in part X and then Copart TJX Tractor Supply Pool Corporation and Atkore in the second part. $HARVIA $CPRT $TJX $TSCO $POOL $ATKR"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1923039899046838537) 2025-05-15 15:36:54 UTC 8379 followers, 2610 engagements "Pipeline for 2025 includes: - Hg Capital Trust $HGT.L - Diploma Plc $DPLM - Terravest $TVK.TO - Dollarama $DOL.TO"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1864229712676954555) 2024-12-04 08:46:13 UTC 8379 followers, 7244 engagements "We made it - a new deep dive on Linde Plc $LIN has just been published (link in bio). It's a pure Tortoise model of multi-century resilience industry-leading performance best-in-class management team stable working capital.👇Liking and/or reposting is highly appreciated 😊🙏"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1783887778280874048) 2024-04-26 15:56:04 UTC 8375 followers, 15.9K engagements "Yesterday we were delighted to pitch Harvias investment case to a Belgian family office currently holding a multi-million stake in the Finnish sauna and spa company. They were first-hour premium subscribers with whom weve had very insightful discussions since (and Im sure many new will follow). In this blog wed like to share the slide deck and the pitchs key notes. $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1932346287254393211) 2025-06-10 07:57:10 UTC 8380 followers, 4266 engagements "10 high-quality compounders that keep delivering solid growth despite todays uncertainty Constellation Software Visa Ferrari HARVIA Hermes Intl Microsoft Lotus Bakeries Hg Capital Copart AutoZone What else"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1920200173591908811) 2025-05-07 19:32:51 UTC 8376 followers, 11K engagements "A collection of the best serial acquirers/holdcos of all time 📈 Which ones do you hold Constellation Software Lifco Addtech Kelly Partners Teqnion Roper Technologies Ametek Amphenol Lagercrantz Bergman & Beving LVMH Berkshire Atkore Investor AB Sesa Reply Diploma Halma"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1758576759300055457) 2024-02-16 19:39:06 UTC 8376 followers, 39.4K engagements "Strong report from Lifco $LIFCO Exceptional growth in Contract Manufacturing Total organic revenue growth reached X% Much improved situation in D&T Disciplined M&A (smaller targets YTD): 5x EV/EBITA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1915649549340733483) 2025-04-25 06:10:18 UTC 8377 followers, 3693 engagements "From our article on how we define sustainable quality compounding considering investment risk cyclicality ROIIC cash IRR and pricing power. Analyzing Harvia's capacity investments late FY21 that are now expected to contribute $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1923080825572126810) 2025-05-15 18:19:32 UTC 8379 followers, 2572 engagements "Harvias high ROIIC is driven by its gross margin and unmatched production efficiency (with continuous improvements being made every quarter). High gross margin leads to two things: X. You can price your products much more competitively (thanks to efficient production) and thus provide value for your customers money. Harvias mission statement is to let everyone experience sauna. X. Secondly during inflationary periods you wont need to raise your prices as much as your competitors to maintain the same level of gross profit dollars"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1946226923572461944) 2025-07-18 15:13:52 UTC 8386 followers, 1036 engagements "Got an update out on Lifco's Q1 report (find it in the usual place on S-Stack) Regaining lost ground from Q1 2024 - off to a softer M&A start in FY25 It reported a strong XXX% organic revenue increase which was helped by a favorable comparison vs. Q1 last year and timing of Easter. Essentially Lifco was able to mostly recoup lost ground from last years -XXX% organic revenue growth. Additionally exceptionally strong performance for its lower-margin Contract Manufacturing segment continued (+94.5%) although CEO Waldemarson noted a weaker start in April which doesnt necessarily have to paint a"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1915725393144774681) 2025-04-25 11:11:40 UTC 8377 followers, 1849 engagements "Heading to pitch Harvias investment case later today to a family office currently building a X million position. They're S-Stack premium subscribers and Ill be publishing both the slide deck and a full transcript of the pitch afterward. $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1932121719906484297) 2025-06-09 17:04:49 UTC 8379 followers, 1671 engagements "Our Tortoise Take and Two Examples Its clear that Hohns focused on durability rolling incremental returns that keep improving because of pricing power and relatively low maintenance investments. High returns and longevity may seem to be a bit paradoxical. High returns are like a honeypot: they attract competition. With moats come attractive returns on invested capital and the nature of capitalism will make a high ROIC (and ROIIC) revert to the mean. Thats the generally accepted thought process. While a high ROIC is often seen as a golden ticket we believe the real hidden value lies in"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1946226917159714898) 2025-07-18 15:13:50 UTC 8386 followers, XXX engagements "Diploma with a sober headline: X% organic growth in Q1 reiterating FY guidance. Love it 🐢 $DPLM #serialacquirers"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1879558761284804918) 2025-01-15 15:58:23 UTC 8376 followers, 1892 engagements "Why Harvia is our largest position (free discussion on its agile shareholder value creation) $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1929545271987339462) 2025-06-02 14:26:56 UTC 8379 followers, 7192 engagements "Also depends on the shareholder base and the nature of the business (risk of getting disrupted experiencing fast front-loaded growth). For instance Lotus Bakeries $LOTB.BR has enjoyed solid compounding (20% per annum) with limited drawdowns. It's kind of the $CSU in the world of "simple" cookies: rock-solid ROIICs continuous reinvestments a moderate dividend pay-out and a family that's focused on longevity"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1938885162135110122) 2025-06-28 09:00:20 UTC 8375 followers, 5628 engagements "@Masi_capital Sure but organic growth has been softer for more than just one quarter. I'm not buying the argument that because of all serial acquirers being pricey it's normal to accept this premium valuation for Lifco :-)"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1944668019008888941) 2025-07-14 07:59:20 UTC 8374 followers, XXX engagements "There's a free deep dive on our S-Stack available. $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1932381610793742509) 2025-06-10 10:17:32 UTC 8379 followers, 3068 engagements "New acquisition for Lifco in the Netherlands bringing total YTD capital deployment to an estimated 800M SEK. I've got XXX billion SEK for the whole FY25 meaning that 2H should be strong (similar to last year). Including organic growth I expect yearly EBITA growth rates for Lifco are expected to come down to 9/10-ish percent. The below graph (excerpt from our deep dive and recaps) shows that we're coming off much higher growth rates. Yet the stock's trading at an all-time high valuation (or at least close like in 2021) with incremental returns coming down as we've lapped through an impressive"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1930183061125083206) 2025-06-04 08:41:17 UTC 8376 followers, 4018 engagements "New webinar Reviewing the recent earnings reports + discussing last years' volatility in the valuation multiples for serial acquirers. Also how to earn additional income on low cost basis stocks with portfolio overwriting. $CSU $TOI.V $LIFCO $INDT #qualitygrowth #stocks"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1817278142933057710) 2024-07-27 19:17:27 UTC 8377 followers, 3021 engagements "Which companies should we cover next Let us know 👇 Published XX write-ups in 2024. Quality growth companies worth owning/watching across a variety of niche sectors. $RMS $HARVIA $ORLY $LIN $SL.MI $OTIS $AZO $CSU $TOI.V $LIFCO"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1868374455158034681) 2024-12-15 19:15:57 UTC 8380 followers, 15.1K engagements "Free deep dive on our largest position We thought it would be a good idea to release one of our previous deep dives to the public so you can get a sense of the type of content we offer at The Compounding Tortoise S-Stack. So we've just removed the paywall behind the September 2024 deep dive on Harvia $HARVIA listed in Helsinki The "Healing with the heat" money machine A quick thread on the latest developments🧵"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1930538424022310943) 2025-06-05 08:13:22 UTC 8379 followers, 20.6K engagements "Working on the next in-depth report: Diploma Plc $DPLM One of the highlights is that consistent organic expansion based on volume: averaging X% to X % annually Sign up to get it in your inbox later this month ;-)"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1931623588009845060) 2025-06-08 08:05:25 UTC 8375 followers, 2373 engagements "Shared the webinar on YouTube. Getting started with quality investing: some crucial yet more advanced topics on how to gauge ROIC ROIIC and the importance of strong un-levered cash IRRs illustrated with Harvia $HARVIA Thanks for liking and/or sharing our channel ;)"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1929588422282236034) 2025-06-02 17:18:24 UTC 8377 followers, 2686 engagements "Mark Leonard (Constellation Software) on share repurchases during the 2025 AGM $CSU $LMN.V $TOI.V"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1923405958211862575) 2025-05-16 15:51:30 UTC 8382 followers, 11.4K engagements "Vitec cratering on dismal Q2 earnings report. I never understood why it was trading at such premium to CSI. Don't like the financing strategy and the ROIICs on M&A. Plus capitalized costs completely distort screeners' first "valuation" criterion i.e. EV/EBITDA $VITB.ST"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1943587137082765497) 2025-07-11 08:24:18 UTC 8376 followers, 8508 engagements "New blog's out (a lot of the content is free to read) How We Define Sustainable Quality Compounding (Part 3) Copart's recent performance: rolling ROIC versus incremental returns $CPRT"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1927865430250492317) 2025-05-28 23:11:51 UTC 8384 followers, 4020 engagements "How to Identify the Best Serial Acquirers👇 Serial acquirers have become popular with Constellation Lifco Lagercrantz Addtech vastly outperforming the market over the past years and decade(s). What to look for in a great serial acquirer & what are the challenges A thread 🧵"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1815045160369070295) 2024-07-21 15:24:22 UTC 8379 followers, 83.1K engagements "Did you like the deep dive then sharing it with your network is highly appreciated 🐢 $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1930538796870680709) 2025-06-05 08:14:51 UTC 8377 followers, 2198 engagements "From our last years report on serial acquirers: the quantitative and qualitative aspects that have made Lifco successful. Plus why it takes time to grow ROIC $LIFCO"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1926339081048293733) 2025-05-24 18:06:41 UTC 8376 followers, 14.6K engagements "Lets make a super thread on your best stock idea/write-up. Describe them below and like and retweet this thread. Tagging a few quality publications @Stock_Opine @DTF_Capital @Quality_stocksA @stonkmetal @100baggerhunt @ArneUlland @Ikkenospes 🧵"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1930554736400359656) 2025-06-05 09:18:11 UTC 8379 followers, 7407 engagements "Lifco's Q2 Sizable FX headwind in Q2 Organic growth soft due to Demolition & Tools and large parts of Systems Solutions Margin contraction driven by mix FX and low organic growth. Outperformance in Contract Manufacturing (lower-margin segment) offset by M&A mix. M&A strategy continues to focus on highly profitable companies (33.6% EBITA margin for companies that got consolidated during 1H) Avg. EV/EBITA paid of 6.7x $LIFCOB.ST $LIFCO $LIFCOB"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1944651468826378630) 2025-07-14 06:53:34 UTC 8377 followers, 4750 engagements "3 Deep Dive Linde Plc $LIN Now speaking of one of our favorite Compounding Tortoises of all time: Linde Plc. It was the result of the diligently planned merger between Linde AG and Praxair which created a well-balanced industrial gases mogul with an extended reach into healthcare petrochemicals food & beverage and energy. Their separate activities did not show any overlap with Praxair's end markets being located mainly in North and South America versus Linde AG's dominance in EMEA and APAC. The clean energy opportunity will eventually become another growth kicker depending on how many"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1810983481796653544) 2024-07-10 10:24:43 UTC 8374 followers, 2266 engagements "Diploma with a rock-solid update on Q3/9M 2025 Upgrading full-year outlook with XX% organic growth and XX% operating margin (unchanged) $DPLM"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1945790734050775110) 2025-07-17 10:20:36 UTC 8386 followers, 1328 engagements "Thule gradually returning to more steady growth after a tough post-COVID backdrop. Strong sequential improvement in Europe (its largest market). $THULE Could be bullish for Harvia as well. If I remember rightly 2022 and 2023 weakness in Europe for both Thule and Harvia started at the same time. Interestingly analysts have upgraded their growth estimates for Harvia by roughly X ppt per annum over FY26-FY27 $HARVIA"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1945084764098032056) 2025-07-15 11:35:20 UTC 8385 followers, 1374 engagements "Transcribed Harvia's 2025 AGM (it's in Finnish so thank you Gemini) - one of the interesting comments: A very important factor for us was the acquisition of Almost Heaven company at the end of 2018 which led to Harvia Group having its own employees in the United States for the first time. This became a growth platform through which we have grown on average about XX percent every year after this acquisition. It's interesting that when I've talked with banking sector leaders in Finland they've said this Almost Heaven acquisition in 2018 is among the top corporate acquisitions of Finnish listed"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1933181393485336678) 2025-06-12 15:15:35 UTC 8374 followers, 1386 engagements "Next blog will be on longevity of ROIIC and how it translates into IRR payback time also including the impact from structural pricing vs. just passing headline inflation onto consumers. Using Copart Harvia Tractor Supply TJX Pool Corp Atkore as examples. $CPRT $HARVIA $TSCO $TJX $POOL $ATKR Stayed tuned by subscribing to our S-Stack"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1921599250263072939) 2025-05-11 16:12:17 UTC 8379 followers, 3441 engagements "Our new/follow-up series on Sustainable Quality Compounding will feature names such as Heico W.W. Grainger Amphenol Dollarama. Dont miss these blogs as well as our in-depth report on Lotus Bakeries this quarter (sign up via 🔗in profile)"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1943586477343957274) 2025-07-11 08:21:40 UTC 8379 followers, 2204 engagements "Do you already know the UK serial acquirer Diploma Plc $DPLM Six slides that highlight the proven KPIs of shareholder value creation 1/ Focus on underlying EPS performance a per share metric is what you should focus on. Diploma has seen stable organic revenue growth that have oftentimes exceeded Swedish serial acquirers'"  [@CompTortoise](/creator/x/CompTortoise) on [X](/post/tweet/1764721185550454994) 2024-03-04 18:34:52 UTC 8374 followers, 6883 engagements
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@CompTortoise The Compounding Tortoise
The Compounding Tortoise posts on X about harvia, $harvia, $csu, deep dive the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXX engagements in the last XX hours.
Engagements: XXXXX #
- X Week XXXXXX +6,574%
- X Month XXXXXX -XX%
- X Months XXXXXXX +20%
- X Year XXXXXXX -XX%
Mentions: XX #
- X Months XX -XX%
- X Year XXX -XX%
Followers: XXXXX #
- X Week XXXXX +0.18%
- X Month XXXXX +0.62%
- X Months XXXXX +7.70%
- X Year XXXXX +30%
CreatorRank: XXXXXXX #
Social Influence #
Social category influence finance stocks countries luxury brands technology brands cryptocurrencies automotive brands currencies fashion brands social networks
Social topic influence harvia #1, $harvia, $csu, deep dive, $lifco, $toiv, $dplm, constellation, sauna #28, investment
Top assets mentioned Linde PLC (LIN) Copart, Inc. (CPRT) TJX Companies, Inc. (TJX) Atkore Inc. (ATKR) Tractor Supply Co (TSCO) PoolTogether (POOL) Autozone Inc (AZO) Otis Worldwide Corp (OTIS) O'Reilly Automotive Inc (ORLY) Amphenol Corporation (APH) Cullen/Frost Bankers, Inc. (CFR) Neurobro (BRO) Ferrari N.V. (RACE) Microsoft Corp. (MSFT)
Top Social Posts #
Top posts by engagements in the last XX hours
"Constellation Software $CSU Q1 AGM tomorrow Solid margin expansion healthy organic growth ex FX and ex Altera M&A bit lighter after great Q4 deployment Update coming on S*bstack"
@CompTortoise on X 2025-05-12 21:21:19 UTC 8382 followers, 5685 engagements
"Strong set of results for Addtech; soft for Indutrade Some clear trends emerging - serial acquirers that struggle with organic growth and margins have been struggling for several quarters now. Although their comparisons will become easier that's not really relevant imo. $ADDT.ST $INDT.ST $ADDT $INDT #serialacquirers" @CompTortoise on X 2025-07-15 09:16:59 UTC 8376 followers, 2531 engagements
"5 Long-Termism and Conviction in Valuation TCI's approach to valuation is unique: they don't even begin to look at it until they are absolutely convinced that a company's moats are robust enough to endure for the long haul. Their due diligence involves exhaustive reference checks direct engagement with (and assessment of) management conversations with competitors and crucial internal challenges from inherently bearish team members designed to rigorously stress-test every assumption about potential disruption" @CompTortoise on X 2025-07-18 15:13:49 UTC 8386 followers, XXX engagements
"Our top X European High-Quality Stocks 📈 France - Herms - LVMH - L'Oral Sweden - Evolution - Lifco - Atlas Copco Netherlands - ASML - Wolters Kluwer - Adyen Italy - Reply - SeSa - Sanlorenzo Spain - Amadeus - Inditex - Laboratorios Farmaceuticos ROVI What else" @CompTortoise on X 2024-04-10 19:13:12 UTC 8374 followers, 53.1K engagements
"Impressive growth story with ROIICs and IRRs on steroids $HARVIA" @CompTortoise on X 2025-06-05 14:14:06 UTC 8379 followers, 4164 engagements
"Harvia is the leading sauna and spa company and stands out in its industry consistently achieving EBIT margins above XX% even before the pandemic. While its mostly private competitors saw an X% EBIT margin thanks to COVID-era tailwinds those are now normalizing. Its capital efficiency is clear with an underlying organic ROIIC is close to XX% and it boasts impressive returns on incremental invested capital of XX% (including M&A) since the IPO" @CompTortoise on X 2025-07-18 15:13:51 UTC 8386 followers, XXX engagements
"Two relatively boring examples from our portfolio could be Linde and Harvia. $LIN $HARVIA Lindes business model is designed to generate a meaningful economic return out of its asset base irrespective of the macro. Its on-site customers from any end market pay it fixed facility fees that are independent of volumes. These fees are contractually required to recover out capital investment and are part of virtually every on-site agreement" @CompTortoise on X 2025-07-18 15:13:51 UTC 8386 followers, XXX engagements
"Richemont posting solid results with X% constant FX revenue growth led by the Americas and EMEA $CFR" @CompTortoise on X 2025-07-16 06:39:56 UTC 8385 followers, 2251 engagements
"Well start: free deep dive - Harvia Plc $HARVIA The "Healing with the heat" money machine ➡A dominant position in a niche market with global reach; ➡Driving gross margin expansion to reinvest in OPEX to maximize total value creation; ➡Strong financial metrics including high ROIIC and high cash IRRs on growth investments; ➡Strategic growth through capacity investments acquisitions (cross-sell) and international expansion; ➡Efficient capital allocation and a capital-light business model" @CompTortoise on X 2025-06-05 09:19:40 UTC 8379 followers, 1258 engagements
"Brown & Brown announces its largest acquisition to date Accession. $BRO * Net purchase price to pro forma adjusted EBITDA multiple of 12x" @CompTortoise on X 2025-06-10 13:26:26 UTC 8376 followers, 8363 engagements
"@JuanHR_de No explicit opinion on Thule but it's got a very heavy dividend payout policy (think it's 70-80% or so which I don't like)" @CompTortoise on X 2025-07-15 13:28:12 UTC 8375 followers, XX engagements
"Diploma $DPLM.L with a very strong set of results. Considerable raise in the full-year outlook: total revenue growth of XX% up from previous XX% target both a constant FX operating margin of XXXX% a whopping XX bps above prior view driven by acquisition mix and base business #Diploma #serialacquirers" @CompTortoise on X 2024-05-13 10:51:17 UTC 8375 followers, 7379 engagements
"Our X most-read blogs on fundamental analysis are now: - Why the ROIIC + Growth + FCF Optionality Framework is Underappreciated; - Valuing Quality Growth Companies; - How We Define Sustainable Quality Compounding (Part 1); - Calculating ROIC for a Serial Acquirer (Lifco); - When ROIC is a Flawed Metric - Part II; Go check them out $LIFCO $CSU $HARVIA $RACE" @CompTortoise on X 2025-05-23 19:15:38 UTC 8377 followers, 3226 engagements
"5 Product Newness Drives Increased Profitability Interestingly the recently launched Woodburning Cilindro has already generated strong incremental sales although long-time Harvia shareholders remember former CEO Pajuharju saying that the sauna industry is conservative and slow-moving (Tortoise :-)) in adopting new solutions" @CompTortoise on X 2025-06-05 08:13:27 UTC 8379 followers, XXX engagements
"Shared the earnings recap on Lifco's Q2 (🔗in bio) Its 1H performance is pretty much in line with its post-COVID trend but the market's banking on a lot more near- and long-term growth imo. $LIFCOB $LIFCOB.ST $LIFCO" @CompTortoise on X 2025-07-14 15:20:30 UTC 8376 followers, 3278 engagements
"4 Risky and Bad Industries: A Strictly Curated Universe Hohn maintains a stringent "long list" of industries he rigorously avoids bluntly labeling them risky and bad based on lessons learned sometimes painfully" @CompTortoise on X 2025-07-18 15:13:49 UTC 8386 followers, XXX engagements
"An interesting recent development at Harvia (May XX 2025): stock purchases on the open market as the salary of the Board members now becomes XX% cash and XX% Harvia shares. Additionally from the Q1 2025 call: And from more or less like from HR perspective just to remind that a lot of our people are actually Harvia shareholders and we have also quite wide long-term incentive programs for our key personnel they have parallel interests with our shareholders to increase the value of the company and they get their share of that value increase also after minimum three years. Right incentivization" @CompTortoise on X 2025-06-09 10:52:47 UTC 8374 followers, 3414 engagements
"Shared a new two-part blog on how we define sustainable quality compounding Tying previously published article together by discussing six companies: Harvia separately in part X and then Copart TJX Tractor Supply Pool Corporation and Atkore in the second part. $HARVIA $CPRT $TJX $TSCO $POOL $ATKR" @CompTortoise on X 2025-05-15 15:36:54 UTC 8379 followers, 2610 engagements
"Pipeline for 2025 includes: - Hg Capital Trust $HGT.L - Diploma Plc $DPLM - Terravest $TVK.TO - Dollarama $DOL.TO" @CompTortoise on X 2024-12-04 08:46:13 UTC 8379 followers, 7244 engagements
"We made it - a new deep dive on Linde Plc $LIN has just been published (link in bio). It's a pure Tortoise model of multi-century resilience industry-leading performance best-in-class management team stable working capital.👇Liking and/or reposting is highly appreciated 😊🙏" @CompTortoise on X 2024-04-26 15:56:04 UTC 8375 followers, 15.9K engagements
"Yesterday we were delighted to pitch Harvias investment case to a Belgian family office currently holding a multi-million stake in the Finnish sauna and spa company. They were first-hour premium subscribers with whom weve had very insightful discussions since (and Im sure many new will follow). In this blog wed like to share the slide deck and the pitchs key notes. $HARVIA" @CompTortoise on X 2025-06-10 07:57:10 UTC 8380 followers, 4266 engagements
"10 high-quality compounders that keep delivering solid growth despite todays uncertainty Constellation Software Visa Ferrari HARVIA Hermes Intl Microsoft Lotus Bakeries Hg Capital Copart AutoZone What else" @CompTortoise on X 2025-05-07 19:32:51 UTC 8376 followers, 11K engagements
"A collection of the best serial acquirers/holdcos of all time 📈 Which ones do you hold Constellation Software Lifco Addtech Kelly Partners Teqnion Roper Technologies Ametek Amphenol Lagercrantz Bergman & Beving LVMH Berkshire Atkore Investor AB Sesa Reply Diploma Halma" @CompTortoise on X 2024-02-16 19:39:06 UTC 8376 followers, 39.4K engagements
"Strong report from Lifco $LIFCO Exceptional growth in Contract Manufacturing Total organic revenue growth reached X% Much improved situation in D&T Disciplined M&A (smaller targets YTD): 5x EV/EBITA" @CompTortoise on X 2025-04-25 06:10:18 UTC 8377 followers, 3693 engagements
"From our article on how we define sustainable quality compounding considering investment risk cyclicality ROIIC cash IRR and pricing power. Analyzing Harvia's capacity investments late FY21 that are now expected to contribute $HARVIA" @CompTortoise on X 2025-05-15 18:19:32 UTC 8379 followers, 2572 engagements
"Harvias high ROIIC is driven by its gross margin and unmatched production efficiency (with continuous improvements being made every quarter). High gross margin leads to two things: X. You can price your products much more competitively (thanks to efficient production) and thus provide value for your customers money. Harvias mission statement is to let everyone experience sauna. X. Secondly during inflationary periods you wont need to raise your prices as much as your competitors to maintain the same level of gross profit dollars" @CompTortoise on X 2025-07-18 15:13:52 UTC 8386 followers, 1036 engagements
"Got an update out on Lifco's Q1 report (find it in the usual place on S-Stack) Regaining lost ground from Q1 2024 - off to a softer M&A start in FY25 It reported a strong XXX% organic revenue increase which was helped by a favorable comparison vs. Q1 last year and timing of Easter. Essentially Lifco was able to mostly recoup lost ground from last years -XXX% organic revenue growth. Additionally exceptionally strong performance for its lower-margin Contract Manufacturing segment continued (+94.5%) although CEO Waldemarson noted a weaker start in April which doesnt necessarily have to paint a" @CompTortoise on X 2025-04-25 11:11:40 UTC 8377 followers, 1849 engagements
"Heading to pitch Harvias investment case later today to a family office currently building a X million position. They're S-Stack premium subscribers and Ill be publishing both the slide deck and a full transcript of the pitch afterward. $HARVIA" @CompTortoise on X 2025-06-09 17:04:49 UTC 8379 followers, 1671 engagements
"Our Tortoise Take and Two Examples Its clear that Hohns focused on durability rolling incremental returns that keep improving because of pricing power and relatively low maintenance investments. High returns and longevity may seem to be a bit paradoxical. High returns are like a honeypot: they attract competition. With moats come attractive returns on invested capital and the nature of capitalism will make a high ROIC (and ROIIC) revert to the mean. Thats the generally accepted thought process. While a high ROIC is often seen as a golden ticket we believe the real hidden value lies in" @CompTortoise on X 2025-07-18 15:13:50 UTC 8386 followers, XXX engagements
"Diploma with a sober headline: X% organic growth in Q1 reiterating FY guidance. Love it 🐢 $DPLM #serialacquirers" @CompTortoise on X 2025-01-15 15:58:23 UTC 8376 followers, 1892 engagements
"Why Harvia is our largest position (free discussion on its agile shareholder value creation) $HARVIA" @CompTortoise on X 2025-06-02 14:26:56 UTC 8379 followers, 7192 engagements
"Also depends on the shareholder base and the nature of the business (risk of getting disrupted experiencing fast front-loaded growth). For instance Lotus Bakeries $LOTB.BR has enjoyed solid compounding (20% per annum) with limited drawdowns. It's kind of the $CSU in the world of "simple" cookies: rock-solid ROIICs continuous reinvestments a moderate dividend pay-out and a family that's focused on longevity" @CompTortoise on X 2025-06-28 09:00:20 UTC 8375 followers, 5628 engagements
"@Masi_capital Sure but organic growth has been softer for more than just one quarter. I'm not buying the argument that because of all serial acquirers being pricey it's normal to accept this premium valuation for Lifco :-)" @CompTortoise on X 2025-07-14 07:59:20 UTC 8374 followers, XXX engagements
"There's a free deep dive on our S-Stack available. $HARVIA" @CompTortoise on X 2025-06-10 10:17:32 UTC 8379 followers, 3068 engagements
"New acquisition for Lifco in the Netherlands bringing total YTD capital deployment to an estimated 800M SEK. I've got XXX billion SEK for the whole FY25 meaning that 2H should be strong (similar to last year). Including organic growth I expect yearly EBITA growth rates for Lifco are expected to come down to 9/10-ish percent. The below graph (excerpt from our deep dive and recaps) shows that we're coming off much higher growth rates. Yet the stock's trading at an all-time high valuation (or at least close like in 2021) with incremental returns coming down as we've lapped through an impressive" @CompTortoise on X 2025-06-04 08:41:17 UTC 8376 followers, 4018 engagements
"New webinar Reviewing the recent earnings reports + discussing last years' volatility in the valuation multiples for serial acquirers. Also how to earn additional income on low cost basis stocks with portfolio overwriting. $CSU $TOI.V $LIFCO $INDT #qualitygrowth #stocks" @CompTortoise on X 2024-07-27 19:17:27 UTC 8377 followers, 3021 engagements
"Which companies should we cover next Let us know 👇 Published XX write-ups in 2024. Quality growth companies worth owning/watching across a variety of niche sectors. $RMS $HARVIA $ORLY $LIN $SL.MI $OTIS $AZO $CSU $TOI.V $LIFCO" @CompTortoise on X 2024-12-15 19:15:57 UTC 8380 followers, 15.1K engagements
"Free deep dive on our largest position We thought it would be a good idea to release one of our previous deep dives to the public so you can get a sense of the type of content we offer at The Compounding Tortoise S-Stack. So we've just removed the paywall behind the September 2024 deep dive on Harvia $HARVIA listed in Helsinki The "Healing with the heat" money machine A quick thread on the latest developments🧵" @CompTortoise on X 2025-06-05 08:13:22 UTC 8379 followers, 20.6K engagements
"Working on the next in-depth report: Diploma Plc $DPLM One of the highlights is that consistent organic expansion based on volume: averaging X% to X % annually Sign up to get it in your inbox later this month ;-)" @CompTortoise on X 2025-06-08 08:05:25 UTC 8375 followers, 2373 engagements
"Shared the webinar on YouTube. Getting started with quality investing: some crucial yet more advanced topics on how to gauge ROIC ROIIC and the importance of strong un-levered cash IRRs illustrated with Harvia $HARVIA Thanks for liking and/or sharing our channel ;)" @CompTortoise on X 2025-06-02 17:18:24 UTC 8377 followers, 2686 engagements
"Mark Leonard (Constellation Software) on share repurchases during the 2025 AGM $CSU $LMN.V $TOI.V" @CompTortoise on X 2025-05-16 15:51:30 UTC 8382 followers, 11.4K engagements
"Vitec cratering on dismal Q2 earnings report. I never understood why it was trading at such premium to CSI. Don't like the financing strategy and the ROIICs on M&A. Plus capitalized costs completely distort screeners' first "valuation" criterion i.e. EV/EBITDA $VITB.ST" @CompTortoise on X 2025-07-11 08:24:18 UTC 8376 followers, 8508 engagements
"New blog's out (a lot of the content is free to read) How We Define Sustainable Quality Compounding (Part 3) Copart's recent performance: rolling ROIC versus incremental returns $CPRT" @CompTortoise on X 2025-05-28 23:11:51 UTC 8384 followers, 4020 engagements
"How to Identify the Best Serial Acquirers👇 Serial acquirers have become popular with Constellation Lifco Lagercrantz Addtech vastly outperforming the market over the past years and decade(s). What to look for in a great serial acquirer & what are the challenges A thread 🧵" @CompTortoise on X 2024-07-21 15:24:22 UTC 8379 followers, 83.1K engagements
"Did you like the deep dive then sharing it with your network is highly appreciated 🐢 $HARVIA" @CompTortoise on X 2025-06-05 08:14:51 UTC 8377 followers, 2198 engagements
"From our last years report on serial acquirers: the quantitative and qualitative aspects that have made Lifco successful. Plus why it takes time to grow ROIC $LIFCO" @CompTortoise on X 2025-05-24 18:06:41 UTC 8376 followers, 14.6K engagements
"Lets make a super thread on your best stock idea/write-up. Describe them below and like and retweet this thread. Tagging a few quality publications @Stock_Opine @DTF_Capital @Quality_stocksA @stonkmetal @100baggerhunt @ArneUlland @Ikkenospes 🧵" @CompTortoise on X 2025-06-05 09:18:11 UTC 8379 followers, 7407 engagements
"Lifco's Q2 Sizable FX headwind in Q2 Organic growth soft due to Demolition & Tools and large parts of Systems Solutions Margin contraction driven by mix FX and low organic growth. Outperformance in Contract Manufacturing (lower-margin segment) offset by M&A mix. M&A strategy continues to focus on highly profitable companies (33.6% EBITA margin for companies that got consolidated during 1H) Avg. EV/EBITA paid of 6.7x $LIFCOB.ST $LIFCO $LIFCOB" @CompTortoise on X 2025-07-14 06:53:34 UTC 8377 followers, 4750 engagements
"3 Deep Dive Linde Plc $LIN Now speaking of one of our favorite Compounding Tortoises of all time: Linde Plc. It was the result of the diligently planned merger between Linde AG and Praxair which created a well-balanced industrial gases mogul with an extended reach into healthcare petrochemicals food & beverage and energy. Their separate activities did not show any overlap with Praxair's end markets being located mainly in North and South America versus Linde AG's dominance in EMEA and APAC. The clean energy opportunity will eventually become another growth kicker depending on how many" @CompTortoise on X 2024-07-10 10:24:43 UTC 8374 followers, 2266 engagements
"Diploma with a rock-solid update on Q3/9M 2025 Upgrading full-year outlook with XX% organic growth and XX% operating margin (unchanged) $DPLM" @CompTortoise on X 2025-07-17 10:20:36 UTC 8386 followers, 1328 engagements
"Thule gradually returning to more steady growth after a tough post-COVID backdrop. Strong sequential improvement in Europe (its largest market). $THULE Could be bullish for Harvia as well. If I remember rightly 2022 and 2023 weakness in Europe for both Thule and Harvia started at the same time. Interestingly analysts have upgraded their growth estimates for Harvia by roughly X ppt per annum over FY26-FY27 $HARVIA" @CompTortoise on X 2025-07-15 11:35:20 UTC 8385 followers, 1374 engagements
"Transcribed Harvia's 2025 AGM (it's in Finnish so thank you Gemini) - one of the interesting comments: A very important factor for us was the acquisition of Almost Heaven company at the end of 2018 which led to Harvia Group having its own employees in the United States for the first time. This became a growth platform through which we have grown on average about XX percent every year after this acquisition. It's interesting that when I've talked with banking sector leaders in Finland they've said this Almost Heaven acquisition in 2018 is among the top corporate acquisitions of Finnish listed" @CompTortoise on X 2025-06-12 15:15:35 UTC 8374 followers, 1386 engagements
"Next blog will be on longevity of ROIIC and how it translates into IRR payback time also including the impact from structural pricing vs. just passing headline inflation onto consumers. Using Copart Harvia Tractor Supply TJX Pool Corp Atkore as examples. $CPRT $HARVIA $TSCO $TJX $POOL $ATKR Stayed tuned by subscribing to our S-Stack" @CompTortoise on X 2025-05-11 16:12:17 UTC 8379 followers, 3441 engagements
"Our new/follow-up series on Sustainable Quality Compounding will feature names such as Heico W.W. Grainger Amphenol Dollarama. Dont miss these blogs as well as our in-depth report on Lotus Bakeries this quarter (sign up via 🔗in profile)" @CompTortoise on X 2025-07-11 08:21:40 UTC 8379 followers, 2204 engagements
"Do you already know the UK serial acquirer Diploma Plc $DPLM Six slides that highlight the proven KPIs of shareholder value creation 1/ Focus on underlying EPS performance a per share metric is what you should focus on. Diploma has seen stable organic revenue growth that have oftentimes exceeded Swedish serial acquirers'" @CompTortoise on X 2024-03-04 18:34:52 UTC 8374 followers, 6883 engagements