Investment Style

Bet on quality at a reasonable price

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Investment Themes

This list of companies below is designed to capture excess returns from quality stocks set at a reasonable price.

This is the QARP investment style for Quality at a reasonable price. Companies of sufficient size and liquidity that meet qualitative criteria relating to their financial health, business model stability and return on capital are selected. Then, a valuation filter is applied in order to retain only those companies that are valued at a reasonable price.

Qualitative" companies have controlled debt, a high return on capital employed, relatively high net and operating profitability, and stable results over time. The valuation filter then ranks the companies according to their cost by comparing their capitalization and/or enterprise value to their revenues (EV/Sales), net income (P/E) and free cash flow (P/FCF) to retain only the least expensive.

Several geographical areas are proposed. The global list includes companies listed in the world's major financial centers. The other lists are regional: North America (United States, Canada), Europe, Asia (Japan, Australia, Singapore, Hong Kong), Emerging Markets, United Kingdom, France, Germany, Switzerland, Netherlands and Italy.

Our selection

Basic Materials
Gold Mining
2.71B +12.33%
Basic Materials
Other Gold
1.26B -10.46%
Consumer Cyclical
Other Advertising & Marketing
21.31B -5.88%
Consumer Cyclical
Other Apparel & Accessories
1.51B +12.71%
Consumer Non-Cyclical
Other Personal Services
3.98B +0.61%
Industrials
Integrated Logistics Operators
5.17B +9.36%
Consumer Cyclical
Other Footwear
15.31B +4.31%
Technology
Other IT Services & Consulting
2.32B -14.52%
Consumer Cyclical
Other Home Improvement Products & Services Retailers
2.8B +32.96%
Consumer Cyclical
Used Merchandise Stores
1.31B +45.36%
Financials
Brokerage Services
10.34B +24.43%
Basic Materials
Gold Mining
1.74B +32.71%
Financials
Investment Management
3.75B +11.19%
Industrials
Other Business Support Services
5.8B -24.03%
Technology
Application Software
1.04B -27.98%
Healthcare
Other Managed Healthcare
1.28B -33.88%
Energy
Other Oil & Gas Transportation Services
1.77B -6.86%
Industrials
Other Construction & Engineering
1.99B +14.76%
Healthcare
Other Pharmaceuticals
1.64B -0.80%
Consumer Cyclical
Other Apparel & Accessories Retailers
3.05B -31.44%
Energy
Other Oil Related Services and Equipment
2.32B +48.21%
Technology
Other Semiconductors
1.92B +32.57%
Real Estate
Residential Real Estate Services
2.2B -1.88%
Consumer Cyclical
Other Apparel & Accessories Retailers
5.87B -10.42%
Technology
Enterprise Software
1.63B -9.47%
Basic Materials
Other Precious Metals & Minerals
1.08B +105.12%
Financials
Other Consumer Lending
1.7B -17.69%
Consumer Cyclical
Sports & Outdoor Footwear
1.79B +13.86%
Industrials
Other Airlines
3.79B -5.48%
Financials
Other Investment Banking & Brokerage Services
2.9B +13.53%
Technology
Application Software
1.32B +7.49%
Basic Materials
Other Steel
42.39B +16.28%
Industrials
Other Construction & Engineering
1.05B +16.40%
Industrials
Machine Tools
2.96B +39.28%
Industrials
Other Marine Freight & Logistics
1.97B +25.82%
Healthcare
Other Medical Equipment, Supplies & Distribution
4.06B -19.93%
Basic Materials
Gold Mining
3.99B -4.50%
Financials
Other Investment Management & Fund Operators
2.68B +0.19%
Consumer Cyclical
Travel Agents
27.95B -15.21%
Industrials
Other Business Support Services
4.58B -29.12%
Industrials
Financial Information Providers
6.65B -18.82%
Technology
Enterprise Software
6.66B -30.38%
Consumer Cyclical
Beauty Supply Shop
22.76B -12.93%
Industrials
Regional Airlines
1.32B -12.20%
Technology
Enterprise Software
5.29B -24.94%
Consumer Cyclical
Other Appliances, Tools & Housewares
16.25B +3.10%
Technology
Other IT Services & Consulting
10.4B +3.58%
Technology
E-commerce & Auction Services
5.08B -22.31%
Financials
Other Investment Banking & Brokerage Services
2.64B -5.18%
Energy
Other Oil Related Services and Equipment
2.74B +49.06%
Industrials
Electrical Measuring & Testing Instruments
3.92B +79.28%
Technology
Technology Consulting & Outsourcing Services
3.66B -26.42%
Technology
Other IT Services & Consulting
27.7B -27.07%
Consumer Cyclical
Other Apparel & Accessories
2.36B -5.67%
Technology
Other IT Services & Consulting
4.66B -35.95%
Technology
Other Software
2.12B -14.92%
Consumer Cyclical
Other Auto, Truck & Motorcycle Parts
2.75B -3.57%
Technology
Other Software
1.5B -11.98%
Consumer Cyclical
Other Auto, Truck & Motorcycle Parts
34.65B +73.37%
Technology
Other IT Services & Consulting
32.23B -26.89%
Basic Materials
Gold Mining
15.82B +27.55%
Basic Materials
Gold Mining
40.47B +19.87%
Financials
Investment Management
4.01B +8.12%
Technology
Cloud Computing Services
2.72B -38.75%
Technology
Other IT Services & Consulting
76.02B -24.04%
Technology
Enterprise Software
5.12B -34.76%
Industrials
Other Shipbuilding
12.43B +13.79%
Real Estate
Other Real Estate Services
1.68B -12.17%
Healthcare
Generic Pharmaceuticals
1.83B +5.50%
Industrials
Human Resources Consulting Services
1.39B -44.45%
Services académiques et éducatifs
Miscellaneous Educational Service Providers
4.7B -0.95%
Technology
Application Software
1.19B -36.53%
Technology
Electronic Component
67.43B +1.00%
Industrials
Other Airport Services
4.42B +3.00%
Consumer Non-Cyclical
Starch, Vegetable Fat & Oil Manufacturing
2.63B +45.19%
Industrials
Other Construction & Engineering
3.73B +1.22%
Industrials
Other Construction & Engineering
1.23B -9.33%
Industrials
Industrial Machinery
4.39B -4.69%
Basic Materials
Other Steel
7.3B -4.29%
Consumer Cyclical
Other Appliances, Tools & Housewares
5.96B -6.08%
Consumer Non-Cyclical
Other Non-Alcoholic Beverages
8.96B -26.41%
Consumer Non-Cyclical
Other Food Processing
1.38B +30.42%
Healthcare
Veterinary Drugs
2.35B +59.48%
Technology
Wireless Telecom
3.49B +0.34%
Energy
Other Oil Related Services and Equipment
29.51B +68.38%
Consumer Non-Cyclical
Other Non-Alcoholic Beverages
21.99B +14.89%
Services académiques et éducatifs
Miscellaneous Educational Service Providers
3.79B +41.51%
Healthcare
Other Advanced Medical Equipment & Technology
33.39B -9.99%
Consumer Non-Cyclical
Carbonated Soft Drinks
22B +10.74%
Services académiques et éducatifs
Miscellaneous Educational Service Providers
9.05B +3.05%
Financials
Other Property & Casualty Insurance
11.98B -9.15%
Consumer Non-Cyclical
Child Care & Family Services
4.43B -18.29%
Technology
Internet Service Providers
2.82B -8.01%
Healthcare
Other Medical Equipment, Supplies & Distribution
3.43B +4.96%
Consumer Non-Cyclical
Snack Food & Non-Chocolate Confectionary
1.79B +10.99%
Consumer Non-Cyclical
Cigars & Cigarette Manufacturing
66.64B +5.55%
Consumer Non-Cyclical
Other Food Retail & Distribution
10.46B +1.49%
Healthcare
Other Pharmaceuticals
31.95B -18.41%
Healthcare
Medical Diagnostic & Testing Equipment
1.07B -2.23%
Industrials
Commercial Aircraft Manufacturing
141B +28.12%

News of the components

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Sector allocation

Ratings chart - Surperformance

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  3. Bet on quality at a reasonable price