ABB Ltd

“ABB is a structurally advantaged electrification and automation platform with record ROIC (~18%), near-zero leverage, and a decade-long reinvestment runway in grid modernization and AI data center power infrastructure — but at ~40-47x EV/FCF following a 78% 12-month run, the stock prices in compounding excellence with no margin of safety, capping realistic 10-year returns to 1.5-2.5x, making it a compelling business to track and buy on meaningful weakness rather than own at current levels.”