Home Depot

Few retail players in North America match the executional depth of Home Depot. From Atlanta, the group manages a workforce of approximately 465k and generates close to $152B in revenue, while steadily widening the gap with regional peers.

Long-term partnerships with sovereign and institutional investors give the company unusual visibility on multi-year demand.

“Home Depot is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Governance upgrades and a more transparent disclosure cadence are gradually narrowing the historical valuation gap with global peers.