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
| Industrials | Integrated Logistics Operators | 5.09B | +8.57% | ||
| Technology | Other IT Services & Consulting | 4.66B | +15.97% | ||
| Industrials | Other Construction & Engineering | 12.14B | +9.51% | ||
| Industrials | Other Business Support Services | 1.21B | -6.05% | ||
| Technology | Technology Consulting & Outsourcing Services | 4.22B | -18.31% | ||
| Industrials | Other Construction & Engineering | 2.58B | -8.70% | ||
| Basic Materials | Gold Mining | 4.89B | +32.91% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 6.12B | -6.47% | ||
| Financials | Other Investment Management & Fund Operators | 12.47B | +42.38% | ||
| Basic Materials | Gold Mining | 4.62B | +34.15% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 3.87B | -12.19% | ||
| Financials | Other Investment Banking & Brokerage Services | 4.9B | +4.84% | ||
| Technology | Integrated Hardware & Software | 1.61B | 0.00% | ||
| Industrials | Locomotive Engines & Rolling Stock | 2.48B | +2.72% | ||
| Industrials | Courier Services | 1.03B | -12.38% | ||
| Healthcare | Pharmaceuticals Wholesale | 1.28B | +15.77% | ||
| Consumer Cyclical | Other Home Furnishings Retailers | 2.25B | -28.14% | ||
| Industrials | Other Construction & Engineering | 89.72B | +13.95% | ||
| Real Estate | Other Real Estate Services | 1.62B | -15.06% | ||
| Basic Materials | Primary Aluminum Production | 1.92B | +12.35% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 15.76B | +4.34% | ||
| Technology | Other IT Services & Consulting | 4.72B | -29.03% | ||
| Technology | Other IT Services & Consulting | 22.16B | -23.44% | ||
| Technology | Other Internet Services | 6.91B | -7.93% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 42.65B | +18.44% | ||
| Consumer Cyclical | Discount Stores with Grocery | 1.62B | -1.04% | ||
| Financials | Other Life & Health Insurance | 66.46B | +4.76% | ||
| Basic Materials | Cement & Concrete Manufacturing | 3.56B | -13.16% | ||
| Basic Materials | Other Construction Materials | 40.82B | -14.04% | ||
| Technology | Other Integrated Telecommunications Services | 1.13B | 0.00% | ||
| Financials | Other Multiline Insurance & Brokers | 28.27B | +6.31% | ||
News of the components
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