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
| Basic Materials | Gold Mining | 2.71B | +12.33% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 1.79B | +13.86% | ||
| Industrials | Heavy Trucks | 15.6B | +71.76% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 3.26B | -6.64% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.51B | +12.71% | ||
| Industrials | Other Industrial Machinery & Equipment | 7.87B | +31.66% | ||
| Consumer Cyclical | Women's Apparel Retailers | 4.43B | -1.93% | ||
| Industrials | Other Construction & Engineering | 1.05B | +16.40% | ||
| Consumer Non-Cyclical | Retail - Drugs without Grocery | 1.35B | -10.83% | ||
| Industrials | Industrial Parts & Components | 1.22B | +92.28% | ||
| Industrials | Other Business Support Services | 3.82B | +1.22% | ||
| Industrials | Office Supplies | 2.43B | +1.70% | ||
| Industrials | Other Environmental Services & Equipment | 1.21B | +13.65% | ||
| Industrials | Water & Sewage Construction | 1.01B | +7.88% | ||
| Consumer Cyclical | Other Discount Stores | 1.33B | -5.32% | ||
| Technology | Technology Consulting & Outsourcing Services | 7.11B | -8.35% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 34.65B | +73.37% | ||
| Industrials | Electrical Measuring & Testing Instruments | 3.92B | +79.28% | ||
| Industrials | Other Industrial Machinery & Equipment | 9.02B | +11.68% | ||
| Technology | Other IT Services & Consulting | 4.66B | -35.95% | ||
| Industrials | Other Electrical Components & Equipment | 10.55B | -3.92% | ||
| Basic Materials | Metal Service Centers | 1.07B | +28.19% | ||
| Consumer Cyclical | Other Restaurants & Bars | 1.72B | +0.36% | ||
| Technology | Other IT Services & Consulting | 32.23B | -26.89% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 4.69B | -5.93% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 34.45B | +39.33% | ||
| Real Estate | Other Real Estate Services | 1.68B | -12.17% | ||
| Healthcare | Generic Pharmaceuticals | 1.83B | +5.50% | ||
| Industrials | Other Shipbuilding | 12.43B | +13.79% | ||
| Industrials | Industrial Machinery | 4.39B | -4.69% | ||
| Industrials | Other Heavy Electrical Equipment | 8.89B | -0.85% | ||
| Basic Materials | Copper Ore Mining | 5.8B | -5.19% | ||
| Technology | Semiconductor Machinery Manufacturing | 1.16B | +15.90% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 3.84B | -11.00% | ||
| Basic Materials | Gold Mining | 5.41B | -1.76% | ||
| Industrials | Other Ground Freight & Logistics | 1.01B | -8.08% | ||
| Utilities | Natural Gas Distribution | 8.18B | +0.27% | ||
| Basic Materials | Other Specialty Chemicals | 1.48B | +3.24% | ||
| Healthcare | Medical Equipment Wholesale | 1.43B | -6.36% | ||
| Industrials | Other Employment Services | 3.35B | -18.89% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 10.18B | +17.81% | ||
| Industrials | Telecommunication Construction | 3.83B | +13.35% | ||
| Real Estate | Other Real Estate Development & Operations | 7.52B | +20.23% | ||
| Technology | Other IT Services & Consulting | 2.78B | -14.37% | ||
| Basic Materials | Other Commodity Chemicals | 2.42B | +1.47% | ||
| Real Estate | Residential Real Estate Services | 1.75B | -8.53% | ||
| Consumer Cyclical | Other Apparel & Accessories | 7.56B | +19.01% | ||
| Basic Materials | Mining Support Activities | 1.29B | +25.56% | ||
| Industrials | Other Industrial Machinery & Equipment | 2.5B | +12.11% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 6.19B | -9.68% | ||
| Healthcare | Other Pharmaceuticals | 3.49B | -7.48% | ||
| Industrials | Security Services | 15.39B | +8.56% | ||
| Industrials | Industrial Plant | 3.72B | +37.91% | ||
| Technology | Other Electronic Equipment & Parts | 27.55B | +2.49% | ||
| Industrials | Other Environmental Services & Equipment | 5.58B | +27.44% | ||
| Technology | Technology Consulting & Outsourcing Services | 4.34B | -16.01% | ||
| Industrials | Industrial Moulds | 5.07B | +21.97% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.38B | -5.38% | ||
| Technology | Other Semiconductor Equipment & Testing | 12.77B | +40.35% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 1.92B | -10.34% | ||
| Industrials | Other Industrial Machinery & Equipment | 4.67B | +0.67% | ||
| Consumer Cyclical | Games, Toys & Children Vehicles | 1.49B | -1.18% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.15B | +8.51% | ||
| Consumer Non-Cyclical | Other Food Processing | 4.17B | +7.61% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.96B | +29.52% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 4.46B | -0.62% | ||
| Energy | Other Oil Related Services and Equipment | 2.93B | +10.90% | ||
| Financials | Health Insurance | 2.28B | -3.64% | ||
| Healthcare | Other Pharmaceuticals | 5.09B | +39.78% | ||
| Financials | Insurance Brokers | 3.36B | -20.08% | ||
| Consumer Non-Cyclical | Other Food Processing | 18.98B | +25.65% | ||
| Technology | Other Integrated Telecommunications Services | 74.67B | -7.05% | ||
News of the components
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