Investment Themes
The GARP style stands for Growth at a reasonable price. Companies of sufficient size and liquidity that meet quantitative criteria relating to sales growth and earnings per share over the medium and long term, based on past data as well as estimates for the future, are selected.
Next, a valuation filter is applied to ensure that only companies with a reasonable valuation are selected. The valuation filter then ranks companies by price, comparing their capitalization and/or enterprise value with their sales (EV/Sales), operating income (EV/EBIT), net income (P/E) and free cash flow (P/FCF), to retain only the least expensive.
Several geographical zones are proposed. The global list includes companies listed on the world's main financial markets. The other lists are regional: North America (USA, Canada), Europe, Asia (Japan, Australia, Singapore, Hong Kong), Emerging Markets, UK, France, Germany, Switzerland, Netherlands and Italy.
Our selection
| Healthcare | Biopharmaceuticals | 2.9B | +13.18% | ||
| Industrials | Integrated Logistics Operators | 4.42B | -2.40% | ||
| Industrials | Industrial Plant | 4.77B | +50.48% | ||
| Real Estate | Other Real Estate Services | 2.03B | -5.86% | ||
| Real Estate | Residential Real Estate Development | 6.5B | +68.81% | ||
| Technology | E-commerce & Auction Services | 159B | +15.43% | ||
| Industrials | Other Business Support Services | 8.24B | +11.25% | ||
| Technology | Other IT Services & Consulting | 1.23B | +48.21% | ||
| Technology | Other IT Services & Consulting | 4.18B | +40.49% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 23.1B | +19.91% | ||
| Healthcare | Other Healthcare Facilities & Services | 13.91B | +24.07% | ||
| Financials | Health Insurance | 2.23B | +25.91% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 5.53B | -7.84% | ||
| Industrials | Other Construction & Engineering | 2.21B | +50.40% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 4.6B | +107.09% | ||
| Industrials | Construction Machinery | 2.11B | +42.97% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 21.99B | +70.88% | ||
| Consumer Non-Cyclical | Other Food Processing | 6.94B | +1.77% | ||
| Consumer Cyclical | Other Discount Stores | 1.69B | +24.25% | ||
| Industrials | Other Electrical Components & Equipment | 11.1B | +37.06% | ||
| Basic Materials | Other Non-Paper Containers & Packaging | 1.05B | +20.77% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 6.59B | +91.50% | ||
| Financials | Other Investment Management & Fund Operators | 8.06B | +18.85% | ||
| Industrials | Other Environmental Services & Equipment | 1.18B | +50.39% | ||
| Industrials | Other Ground Freight & Logistics | 1.05B | -0.16% | ||
| Consumer Non-Cyclical | Retail - Drugs without Grocery | 1.48B | +50.96% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 3.58B | +24.06% | ||
| Consumer Cyclical | Other Home Improvement Products & Services Retailers | 1.04B | +3.78% | ||
| Financials | Investment Management | 3.86B | +26.95% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 17.94B | +35.29% | ||
| Consumer Non-Cyclical | Starch, Vegetable Fat & Oil Manufacturing | 1.79B | +52.00% | ||
| Technology | Semiconductor Machinery Manufacturing | 1.06B | -5.00% | ||
| Technology | Other IT Services & Consulting | 3.4B | +14.29% | ||
| Industrials | Industrial Machinery | 4.59B | +6.16% | ||
| Industrials | Heavy Trucks | 10.49B | +29.74% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 6.5B | +23.04% | ||
| Industrials | Other Construction & Engineering | 6.44B | +111.87% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 1.56B | +38.44% | ||
| Consumer Cyclical | Residential Builders - Multifamily Homes | 1.17B | +18.38% | ||
| Real Estate | Residential Real Estate Services | 1.84B | +18.80% | ||
| Consumer Cyclical | Footwear Retailers | 4.34B | -14.51% | ||
| Industrials | Other Industrial Machinery & Equipment | 8.31B | +49.62% | ||
| Consumer Cyclical | Women's Apparel Retailers | 5.26B | +26.56% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.07B | -6.80% | ||
| Consumer Cyclical | Television Broadcasting | 6.16B | +41.04% | ||
| Basic Materials | Gold Mining | 3.01B | +223.73% | ||
| Industrials | Other Shipbuilding | 10.63B | +16.72% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.31B | +14.14% | ||
| Basic Materials | Gold Mining | 41.87B | +259.27% | ||
| Healthcare | Generic Pharmaceuticals | 1.61B | +82.45% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 2.79B | -37.94% | ||
| Consumer Cyclical | Other Casinos & Gaming | 2.14B | +1.39% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 2.54B | -2.42% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 4.44B | +2.43% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 24.53B | +9.66% | ||
| Basic Materials | Gold Mining | 72.54B | +165.86% | ||
| Healthcare | Other Pharmaceuticals | 14.62B | +20.62% | ||
| Technology | Other Internet Services | 6.96B | -28.77% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 4.33B | +7.36% | ||
| Technology | Other Internet Services | 37.42B | +63.12% | ||
| Industrials | Electrical Measuring & Testing Instruments | 2.12B | +132.54% | ||
| Financials | Other Investment Banking & Brokerage Services | 4.24B | +129.44% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 29.39B | +5.07% | ||
| Technology | Other Semiconductor Equipment & Testing | 8.01B | +39.04% | ||
| Industrials | Other Employment Services | 4.02B | +18.69% | ||
| Technology | Integrated Hardware & Software | 1.51B | +34.46% | ||
| Industrials | Wires & Cables | 2.1B | +45.53% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 28.56B | +28.83% | ||
| Industrials | Industrial Plant | 2.71B | +18.45% | ||
| Healthcare | Medical Equipment Wholesale | 1.53B | +17.10% | ||
| Consumer Cyclical | Other Restaurants & Bars | 1.68B | -0.19% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 7.33B | +24.47% | ||
| Utilities | Natural Gas Distribution | 8.24B | -11.79% | ||
| Basic Materials | Other Commodity Chemicals | 2.49B | +36.98% | ||
| Industrials | Telecommunication Construction | 3.28B | +35.49% | ||
| Industrials | Other Business Support Services | 3.83B | +13.45% | ||
| Industrials | Security Services | 14.35B | +2.94% | ||
| Industrials | Transaction & Payment Services | 57.69B | -27.76% | ||
| Energy | Other Oil Related Services and Equipment | 3.18B | -20.89% | ||
| Basic Materials | Wood Products | 3.49B | +23.22% | ||
| Industrials | Courier Services | 16.93B | +9.67% | ||
| Consumer Cyclical | Automotive Accessories | 5.18B | -17.61% | ||
| Consumer Cyclical | Other Advertising & Marketing | 1.67B | -28.14% | ||
| Healthcare | Other Healthcare Facilities & Services | 1.24B | +42.31% | ||
| Healthcare | Medical Equipment Wholesale | 1.15B | -5.71% | ||
| Basic Materials | Other Specialty Chemicals | 1.38B | +3.85% | ||
| Healthcare | Other Pharmaceuticals | 3.63B | -13.07% | ||
| Consumer Non-Cyclical | Other Personal Products | 1.23B | +9.75% | ||
| Consumer Non-Cyclical | Other Food Processing | 2.24B | -8.84% | ||
| Industrials | Other Industrial Machinery & Equipment | 6.36B | +70.54% | ||
| Consumer Cyclical | Optical Goods Stores | 4.19B | +2.78% | ||
| Consumer Cyclical | Games, Toys & Children Vehicles | 1.56B | -39.79% | ||
| Consumer Cyclical | Automotive Body Parts | 4.86B | +114.42% | ||
| Industrials | Other Industrial Machinery & Equipment | 2.28B | -23.02% | ||
| Energy | Other Oil Related Services and Equipment | 2.1B | +13.88% | ||
| Basic Materials | Gold Mining | 3.14B | +113.27% | ||
| Consumer Cyclical | Other Apparel & Accessories | 7.09B | +22.94% | ||
| Consumer Non-Cyclical | Carbonated Soft Drinks | 19.6B | +19.78% | ||
| Technology | Other IT Services & Consulting | 40.51B | +9.15% | ||
| Technology | Other Semiconductors | 1.89B | +38.38% | ||
| Industrials | Other Commercial Printing Services | 9.2B | +20.34% | ||
| Basic Materials | Other Gold | 5.09B | +92.27% | ||
| Consumer Cyclical | Discount Stores with Grocery | 1.5B | +28.06% | ||
| Consumer Cyclical | Electric (Alternative) Vehicles | 121B | +10.84% | ||
| Industrials | Other Construction & Engineering | 13.65B | +42.59% | ||
| Industrials | Electric Equipment Wholesale | 12.67B | +43.89% | ||
| Consumer Cyclical | New Car Dealers | 8.35B | -3.65% | ||
| Consumer Cyclical | Other Homebuilding | 14.4B | -8.51% | ||
| Industrials | Industrial Parts & Components | 4.5B | +5.05% | ||
| Industrials | Other Heavy Electrical Equipment | 1.49B | +20.15% | ||
| Industrials | Telecommunication Construction | 4.15B | +2.19% | ||
| Consumer Cyclical | Other Casinos & Gaming | 4.98B | -38.31% | ||
| Technology | Other IT Services & Consulting | 19.64B | -20.65% | ||
| Consumer Cyclical | Sporting Goods Stores | 2.32B | +1.91% | ||
| Financials | Other Life & Health Insurance | 60.59B | +24.64% | ||
| Technology | Other IT Services & Consulting | 1.66B | +35.04% | ||
| Technology | Other IT Services & Consulting | 6.39B | +38.91% | ||
| Basic Materials | Plastics | 2.96B | +35.88% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 37.6B | +7.18% | ||
| Technology | Other Integrated Telecommunications Services | 83.8B | +16.02% | ||
| Industrials | Integrated Logistics Operators | 2.23B | -1.77% | ||
| Consumer Cyclical | New Car Dealers | 5.12B | -1.84% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.55B | -17.77% | ||
| Industrials | Other Industrial Machinery & Equipment | 22.11B | -8.24% | ||
| Basic Materials | Other Construction Materials | 46.07B | +88.18% | ||
| Consumer Non-Cyclical | Special Foods & Wellbeing Products | 1.88B | -51.59% | ||
| Consumer Cyclical | Other Homebuilding | 6.75B | -5.71% | ||
| Healthcare | Other Pharmaceuticals | 1.77B | +22.91% | ||
| Technology | Other Integrated Telecommunications Services | 1.11B | -40.92% | ||
| Technology | Electronic Component | 9.91B | -18.57% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.61B | +16.21% | ||
| Industrials | Other Business Support Services | 3.24B | +4.83% | ||
| Services académiques et éducatifs | School, College & University (NEC) | 1.32B | -8.38% | ||
| Consumer Cyclical | Other Leisure & Recreation | 1.82B | -17.97% | ||
| Technology | Office Technology Equipment | 1.89B | -2.50% | ||
| Industrials | Other Construction & Engineering | 9.18B | +54.86% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 37.52B | +19.69% | ||
| Consumer Non-Cyclical | Dairy Products | 4.79B | -3.26% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 36.18B | +9.81% | ||
| Healthcare | Other Managed Healthcare | 79.8B | -2.66% | ||
| Healthcare | Medical & Diagnostic Laboratories | 7.61B | -14.14% | ||
| Financials | Insurance Brokers | 3.75B | -12.24% | ||
| Healthcare | Other Pharmaceuticals | 3.72B | -19.12% | ||
| Consumer Non-Cyclical | Other Tobacco | 33.55B | +24.52% | ||
News of the components
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