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 | 4.38B | -2.40% | ||
| Industrials | Industrial Plant | 4.86B | +54.72% | ||
| Technology | Other IT Services & Consulting | 4.24B | +42.84% | ||
| Industrials | Other Construction & Engineering | 2.15B | +47.41% | ||
| Financials | Other Investment Management & Fund Operators | 8.13B | +20.27% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 17.85B | +34.92% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 6.47B | +23.64% | ||
| Consumer Cyclical | Residential Builders - Multifamily Homes | 1.2B | +22.50% | ||
| Basic Materials | Gold Mining | 2.88B | +210.92% | ||
| Consumer Cyclical | Other Casinos & Gaming | 2.09B | +0.49% | ||
| Technology | Other Internet Services | 7.14B | -26.27% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 4.32B | +8.06% | ||
| Technology | Other IT Services & Consulting | 9.68B | +177.17% | ||
| Financials | Other Investment Banking & Brokerage Services | 3.95B | +114.82% | ||
| Technology | Integrated Hardware & Software | 1.51B | +35.74% | ||
| Consumer Cyclical | Other Advertising & Marketing | 1.61B | -30.36% | ||
| Healthcare | Other Healthcare Facilities & Services | 1.17B | +35.68% | ||
| Consumer Cyclical | Optical Goods Stores | 4.19B | +4.35% | ||
| Basic Materials | Gold Mining | 2.88B | +96.64% | ||
| Technology | Other Semiconductors | 2.02B | +48.82% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.57B | +14.87% | ||
| Consumer Cyclical | Discount Stores with Grocery | 1.48B | +25.86% | ||
| Industrials | Other Construction & Engineering | 13.4B | +41.23% | ||
| Consumer Cyclical | Other Casinos & Gaming | 4.95B | -38.10% | ||
| Financials | Other Life & Health Insurance | 59.62B | +23.76% | ||
| Technology | Other IT Services & Consulting | 6.35B | +39.74% | ||
| Basic Materials | Other Construction Materials | 45.04B | +84.33% | ||
| Technology | Other Integrated Telecommunications Services | 1.15B | -38.56% | ||
| Healthcare | Other Pharmaceuticals | 1.78B | +24.70% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 38.63B | +23.00% | ||
| Consumer Non-Cyclical | Dairy Products | 4.84B | -1.09% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 36.3B | +11.18% | ||
| Basic Materials | Other Commodity Chemicals | 5.2B | -8.21% | ||
| Technology | Other IT Services & Consulting | 28.57B | -8.63% | ||
| Consumer Non-Cyclical | Other Tobacco | 34.22B | +27.30% | ||
| Consumer Cyclical | Sports & Outdoors Retailers | 5.47B | -13.74% | ||
| Basic Materials | Other Non-Paper Containers & Packaging | 2.82B | -13.44% | ||
| Industrials | Other Construction & Engineering | 9.23B | +57.12% | ||
| Basic Materials | Other Construction Materials | 1.5B | -26.87% | ||
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