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
| Real Estate | Other Real Estate Services | 2.07B | +8.85% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 33.26B | -0.77% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 1.52B | -5.28% | ||
| Industrials | Courier Services | 8.71B | +8.10% | ||
| Technology | Other Wireless Telecommunications Services | 3.02B | +6.73% | ||
| Consumer Cyclical | Tire & Tube Manufacturers | 5.56B | +14.58% | ||
| Technology | Security & Surveillance | 1.81B | +8.88% | ||
| Technology | Other IT Services & Consulting | 4.29B | -2.71% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 2.62B | +20.59% | ||
| Basic Materials | Other Gold | 14.04B | +8.10% | ||
| Industrials | Other Shipbuilding | 10.38B | -4.02% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.35B | -0.36% | ||
| Consumer Cyclical | Mobile Phone Retailers | 1.51B | +2.04% | ||
| Real Estate | Other Real Estate Development & Operations | 36.1B | +6.76% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 23.25B | -5.64% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 83.27B | -0.84% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 4.49B | -1.35% | ||
| Technology | Network Equipment | 1.28B | +5.75% | ||
| Consumer Non-Cyclical | Animal Feed | 12.22B | -7.11% | ||
| Healthcare | Generic Pharmaceuticals | 8.05B | +10.84% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 23.29B | -9.35% | ||
| Industrials | Industrial Machinery | 4.99B | +10.92% | ||
| Consumer Cyclical | Retail - Department Stores | 1.25B | +8.58% | ||
| Industrials | Heavy Trucks | 11.66B | +16.87% | ||
| Healthcare | Other Pharmaceuticals | 3.29B | +1.66% | ||
| Real Estate | Residential Real Estate Services | 1.76B | -7.25% | ||
| Technology | Other Semiconductors | 356B | +15.98% | ||
| Healthcare | HMO Medical Centers | 1.16B | +1.25% | ||
| Consumer Cyclical | Electric Scooters & Bicycles | 5.72B | -0.34% | ||
| Healthcare | Generic Pharmaceuticals | 1.84B | +13.81% | ||
| Basic Materials | Other Gold | 6.02B | +33.97% | ||
| Technology | Wireless Telecom | 14.54B | +7.27% | ||
| Consumer Non-Cyclical | Other Food Processing | 3.12B | +9.37% | ||
| Consumer Non-Cyclical | Other Brewers | 5.02B | +10.60% | ||
| Technology | Other Integrated Telecommunications Services | 12.83B | +6.12% | ||
| Financials | Securities & Commodity Exchanges | 1.16B | -1.08% | ||
| Technology | Other Computer Hardware | 5.06B | -4.21% | ||
| Industrials | Electrical Measuring & Testing Instruments | 2.96B | +35.97% | ||
| Basic Materials | Other Steel | 7.84B | +1.70% | ||
| Basic Materials | Iron Ore Mining | 7.51B | -8.14% | ||
| Real Estate | Other Real Estate Development & Operations | 1.18B | +8.88% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 27.8B | -4.35% | ||
| Technology | Other Internet Services | 44.13B | +27.05% | ||
| Basic Materials | Other Gold | 45.93B | +14.25% | ||
| Healthcare | Generic Pharmaceuticals | 5.91B | +5.63% | ||
| Utilities | Natural Gas Distribution | 1.2B | -5.20% | ||
| Technology | Other Wireless Telecommunications Services | 7.21B | -1.35% | ||
| Consumer Non-Cyclical | Animal Feed | 4.38B | -0.22% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 27.38B | +35.92% | ||
| Utilities | Natural Gas Distribution | 8.87B | +4.98% | ||
| Technology | Other Integrated Telecommunications Services | 74.11B | -2.78% | ||
| Consumer Non-Cyclical | Ready-Made Meals | 1.63B | -5.20% | ||
| Technology | Wireless Telecom | 9.19B | +4.41% | ||
| Consumer Cyclical | Beauty Supply Shop | 1.35B | -8.53% | ||
| Consumer Cyclical | Household Appliances | 4.72B | -0.32% | ||
| Technology | Other Integrated Telecommunications Services | 47.35B | +7.20% | ||
| Basic Materials | Other Specialty Mining & Metals | 67.75B | +13.50% | ||
| Consumer Non-Cyclical | Food Wholesale | 8.48B | -3.30% | ||
| Industrials | Heavy Trucks | 2.71B | +1.53% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 27.23B | +21.58% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 2.42B | -0.77% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.81B | +3.81% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 7.42B | +1.36% | ||
| Consumer Non-Cyclical | Other Food Processing | 3.52B | -0.37% | ||
| Consumer Cyclical | Other Apparel & Accessories Retailers | 2.7B | +11.90% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 2.98B | +11.11% | ||
| Real Estate | Other Real Estate Development & Operations | 3.66B | +4.38% | ||
| Energy | Other Oil Related Services and Equipment | 2.71B | +11.85% | ||
| Consumer Non-Cyclical | Other Food Processing | 2.64B | +8.32% | ||
| Technology | Other Wireless Telecommunications Services | 17.72B | +4.85% | ||
| Basic Materials | Nonferrous Metal Processing | 20.03B | +9.17% | ||
| Consumer Cyclical | Automotive Body Parts | 5.84B | +26.99% | ||
| Consumer Cyclical | Automotive Body Parts | 1.44B | +6.20% | ||
| Industrials | Other Heavy Machinery & Vehicles | 4.3B | +4.61% | ||
| Healthcare | Other Pharmaceuticals | 6.75B | -0.56% | ||
| Technology | Telecommunications Network Infrastructure | 12.07B | -1.34% | ||
| Industrials | Construction Machinery | 29.68B | +7.00% | ||
| Energy | Other Coal | 30.55B | +4.86% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 12.29B | -1.15% | ||
| Consumer Cyclical | Furniture | 4.04B | +13.01% | ||
News of the components
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