Dirt Cheap Europe
I've spent years reading annual reports in languages i don't speak to find european micro caps no one covers. I'll translate them for you.
- Top in Finance
- #341
- Paid leaderboard
- #299
- Paid subscribers
- 100+ paid
- Badge
- Bestseller 100
- Followers
- 12K
- Paid plan
- $35/mo
- Recommends
- 1
other newsletters
Growth history
Subscribers (thousands, nightly)
10K on Sep 10, 2026 → 10K on Oct 21, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #341 today · #347 a week ago · #330 a month ago
Stats worth sharing
Tracked since Sep 10, 2026 — 62 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 65%
- Best rank seen
- #300
- Rank, 7 days
- +6 places
- Rank, 30 days
- −11 places
- Followers added
- −147
- Reactions per post
- 23
- Reactions tracked
- 352
of 525 ranked finance newsletters
on Oct 1, 2026
since tracking began
average, recent posts
across 15 posts
Most-reacted post we have seen: A World-Class IoT Business Buried Inside a Group That Just Amputated Everything That Bled. 78% ROIC. 23% Margins. Zero Down Years. The Segment Alone: Four Times the Market Cap. — 42 reactions on Jul 14, 2026.
Recent posts
- Dirt Cheap Switzerland: The Money Printer, a Pop Star and a Machine That Makes Tanks at 61% of Book
- The Minus Millionaire: The Rise, Fall and Rise Again of Jim Slater
- 3.8x EBITDA. 38% Margins. Net Cash. 7% Dividend. Down 48%. And a business that couldn't be more boring.
- From an Empty Room in Madrid to Europe's Second-Largest Gaming Group in Ten Weeks
- The Cheapest Casino Operator in Europe. Two Five-Star Resorts at Under 1x EBITDA, and a Land Worth More Than the Whole Company
- 7.4x EBITDA. 42.6% Gross Margin. £20.6m Net Cash. 6% Dividend. Down 65%. And a Ten-Year ROIC of 22%. Base Case Doubles by 2028.
- Everybody Writes the Same Thesis About Companies Below Tangible Book. It Leaves Out the Only Thing That Matters.
- The Cheapest Broker in Europe. 26% ROE. New Accounts Up 92%. 10x P/E. 7.5% Dividend Yield. Base Case +133% by 2028.
- Earnings Up 144%. 5.1x EBITDA. Stock Near Its Low. Base Case +90% by 2028.
- H1 2026 Earnings Review: the water-leak IoT business and the Greek toy giant
- The Cheapest Company in Poland. 4x Earnings. 24% ROE. Double-Digit Growth. A 7% Dividend Yield. And an Activist Campaign Fighting the Owner Who Made It This Cheap.
- A World-Class IoT Business Buried Inside a Group That Just Amputated Everything That Bled. 78% ROIC. 23% Margins. Zero Down Years. The Segment Alone: Four Times the Market Cap.
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Dirt Cheap Europe. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Nov 10, 2026.