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 | 267.4Cr | +11.67% | ||
| Consumer Cyclical | Other Apparel & Accessories | 151.95Cr | +14.87% | ||
| Industrials | Other Business Support Services | 603.34Cr | -25.35% | ||
| Healthcare | Other Managed Healthcare | 129.48Cr | -36.21% | ||
| Technology | Other IT Services & Consulting | 431.91Cr | +5.26% | ||
| Industrials | Other Construction & Engineering | 1.24TCr | +17.53% | ||
| Industrials | Heavy Trucks | 1.49TCr | +60.17% | ||
| Technology | Other Computer Hardware | 1.6TCr | +32.42% | ||
| Consumer Cyclical | Other Discount Stores | 136.63Cr | -3.16% | ||
| Technology | Technology Consulting & Outsourcing Services | 732.38Cr | -7.74% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 178.14Cr | +12.05% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 2.23TCr | -21.78% | ||
| Consumer Cyclical | Residential Builders - Multifamily Homes | 119.4Cr | +3.32% | ||
| Real Estate | Other Real Estate Services | 1.5TCr | -5.40% | ||
| Industrials | Other Construction & Engineering | 108.3Cr | +17.13% | ||
| Industrials | Industrial Parts & Components | 115.34Cr | +76.85% | ||
| Industrials | Other Business Support Services | 109.39Cr | -11.28% | ||
| Industrials | Other Environmental Services & Equipment | 122.95Cr | +13.69% | ||
| Consumer Cyclical | Other Restaurants & Bars | 179Cr | +2.19% | ||
| Consumer Non-Cyclical | Retail - Drugs without Grocery | 139.19Cr | -8.24% | ||
| Industrials | Other Business Support Services | 392.51Cr | +1.62% | ||
| Industrials | Water & Sewage Construction | 101.58Cr | +9.21% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 325.23Cr | -5.20% | ||
| Consumer Cyclical | Women's Apparel Retailers | 444.56Cr | -0.43% | ||
| Industrials | Office Supplies | 244.77Cr | +2.67% | ||
| Industrials | Other Industrial Machinery & Equipment | 778.91Cr | +32.53% | ||
| Basic Materials | Other Specialty Mining & Metals | 1.29TCr | -5.47% | ||
| Technology | Enterprise Software | 534.6Cr | -29.83% | ||
| Energy | Other Oil Related Services and Equipment | 270.64Cr | +44.25% | ||
| Healthcare | Other Healthcare Facilities & Services | 1.15TCr | -15.25% | ||
| Industrials | Electrical Measuring & Testing Instruments | 399.64Cr | +79.39% | ||
| Technology | Technology Consulting & Outsourcing Services | 345.83Cr | -27.24% | ||
| Technology | Other IT Services & Consulting | 2.83TCr | -29.80% | ||
| Basic Materials | Other Specialty Mining & Metals | 1.62TCr | +5.67% | ||
| Industrials | Other Construction & Engineering | 245.98Cr | -8.35% | ||
| Technology | Other IT Services & Consulting | 489.69Cr | -35.72% | ||
| Basic Materials | Metal Service Centers | 104.43Cr | +28.15% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 469.3Cr | -4.87% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 3.33TCr | +74.64% | ||
| Technology | Other Software | 157.61Cr | -16.52% | ||
| Industrials | Other Electrical Components & Equipment | 1.03TCr | -3.84% | ||
| Industrials | Other Industrial Machinery & Equipment | 904.53Cr | +12.38% | ||
| Basic Materials | Gold Mining | 417.71Cr | +30.12% | ||
| Basic Materials | Gold Mining | 435.74Cr | +27.65% | ||
| Real Estate | Other Real Estate Services | 164.73Cr | -11.50% | ||
| Healthcare | Generic Pharmaceuticals | 182.79Cr | +8.82% | ||
| Industrials | Other Shipbuilding | 1.25TCr | +15.52% | ||
| Basic Materials | Gold Mining | 7.12TCr | +1.37% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 3.36TCr | +39.55% | ||
| Basic Materials | Copper Ore Mining | 580.11Cr | -3.07% | ||
| Industrials | Industrial Machinery | 440.01Cr | -2.71% | ||
| Industrials | Courier Services | 1.87TCr | +19.17% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 584.59Cr | -6.74% | ||
| Financials | Other Investment Management & Fund Operators | 1.24TCr | +42.04% | ||
| Industrials | Other Heavy Electrical Equipment | 880.39Cr | +1.06% | ||
| Technology | E-commerce & Auction Services | 14TCr | -10.28% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 368.45Cr | -15.99% | ||
| Technology | Semiconductor Machinery Manufacturing | 114.55Cr | +16.42% | ||
| Technology | Other IT Services & Consulting | 653.39Cr | -39.36% | ||
| Basic Materials | Copper Ore Mining | 655.21Cr | -13.93% | ||
| Basic Materials | Gold Mining | 532.19Cr | -0.18% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 387.79Cr | -8.40% | ||
| Healthcare | Other Pharmaceuticals | 168.74Cr | -21.55% | ||
| Industrials | Other Employment Services | 334.15Cr | -17.79% | ||
| Real Estate | Other Real Estate Development & Operations | 759.56Cr | +23.07% | ||
| Technology | Integrated Hardware & Software | 139.81Cr | -11.80% | ||
| Technology | Other IT Services & Consulting | 276.77Cr | -15.37% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 3.59TCr | -5.28% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 989.89Cr | +19.59% | ||
| Basic Materials | Other Specialty Chemicals | 146.21Cr | +6.71% | ||
| Healthcare | Medical Equipment Wholesale | 144.94Cr | -6.08% | ||
| Industrials | Other Ground Freight & Logistics | 101.25Cr | -7.32% | ||
| Consumer Cyclical | Other Apparel & Accessories | 744.9Cr | +23.19% | ||
| Industrials | Telecommunication Construction | 390.03Cr | +15.48% | ||
| Utilities | Natural Gas Distribution | 825.32Cr | -0.40% | ||
| Technology | Other IT Services & Consulting | 11TCr | -32.30% | ||
| Consumer Cyclical | Quick Service Restaurants | 1.72TCr | +4.73% | ||
| Basic Materials | Mining Support Activities | 128.23Cr | +28.57% | ||
| Industrials | Industrial Plant | 368.74Cr | +37.20% | ||
| Real Estate | Residential Real Estate Services | 172.85Cr | -6.61% | ||
| Industrials | Other Industrial Machinery & Equipment | 248.06Cr | +13.13% | ||
| Healthcare | Other Pharmaceuticals | 354.57Cr | -6.35% | ||
| Technology | Technology Consulting & Outsourcing Services | 441.58Cr | -14.72% | ||
| Technology | Other Electronic Equipment & Parts | 2.65TCr | +4.48% | ||
| Industrials | Other Environmental Services & Equipment | 554.07Cr | +27.88% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 628.66Cr | -8.76% | ||
| Industrials | Industrial Moulds | 500.81Cr | +23.29% | ||
| Basic Materials | Other Commodity Chemicals | 240.76Cr | +1.50% | ||
| Industrials | Security Services | 1.56TCr | +8.61% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 718.97Cr | -5.47% | ||
| Consumer Cyclical | Other Apparel & Accessories | 627.51Cr | -3.59% | ||
| Industrials | Transaction & Payment Services | 175.77Cr | -3.58% | ||
| Consumer Cyclical | Other Recreational Products | 282.49Cr | -16.56% | ||
| Technology | Other Semiconductor Equipment & Testing | 1.21TCr | +41.01% | ||
| Industrials | Courier Services | 105.43Cr | -8.68% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 191.89Cr | -10.80% | ||
| Industrials | Other Heavy Machinery & Vehicles | 850.15Cr | -1.15% | ||
| Consumer Cyclical | Games, Toys & Children Vehicles | 153.37Cr | -1.80% | ||
| Energy | Other Oil Related Services and Equipment | 286.74Cr | +15.13% | ||
| Consumer Cyclical | Automotive Body Parts | 565.36Cr | +22.32% | ||
| Industrials | Other Industrial Machinery & Equipment | 478.27Cr | +1.53% | ||
| Consumer Non-Cyclical | Food Ingredients | 115.86Cr | +8.70% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 2.95TCr | +4.16% | ||
| Healthcare | Pharmaceuticals Wholesale | 117.52Cr | +12.07% | ||
| Consumer Non-Cyclical | Other Food Processing | 427.43Cr | +7.41% | ||
| Consumer Cyclical | Other Home Furnishings Retailers | 227.93Cr | -25.53% | ||
| Technology | Other IT Services & Consulting | 1.49TCr | -22.52% | ||
| Consumer Non-Cyclical | Food Ingredients | 203.32Cr | +25.71% | ||
| Industrials | Other Construction & Engineering | 8.86TCr | +13.62% | ||
| Basic Materials | Wood Products | 344.05Cr | +2.13% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 389.87Cr | -12.48% | ||
| Basic Materials | Plastics | 267.41Cr | +2.40% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 294.03Cr | +9.38% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 1.53TCr | +3.26% | ||
| Industrials | Other Industrial Machinery & Equipment | 2.66TCr | +27.03% | ||
| Consumer Cyclical | Automotive Accessories | 478.41Cr | -4.51% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 449.87Cr | -0.49% | ||
| Real Estate | Other Real Estate Services | 150.81Cr | -17.27% | ||
| Basic Materials | Primary Aluminum Production | 184.96Cr | +11.87% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.92TCr | -20.59% | ||
| Financials | Health Insurance | 223.53Cr | -4.08% | ||
| Consumer Cyclical | Other Apparel & Accessories | 137.42Cr | -13.05% | ||
| Technology | Other Internet Services | 651.63Cr | -12.51% | ||
| Consumer Cyclical | Other Leisure & Recreation | 151.7Cr | -17.50% | ||
| Technology | Other IT Services & Consulting | 1.95TCr | -28.96% | ||
| Industrials | Other Aerospace & Defense | 207.58Cr | +20.20% | ||
| Industrials | Transaction & Payment Services | 4.14TCr | -21.75% | ||
| Technology | Other Internet Services | 189.69Cr | -24.34% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 4.19TCr | +10.17% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 4.35TCr | +17.24% | ||
| Healthcare | Other Pharmaceuticals | 505.19Cr | +42.47% | ||
| Financials | Other Life & Health Insurance | 6.36TCr | +1.34% | ||
| Consumer Non-Cyclical | Other Personal Products | 1.94TCr | -18.94% | ||
| Financials | Insurance Brokers | 334.96Cr | -19.13% | ||
| Consumer Non-Cyclical | Other Food Processing | 1.92TCr | +25.65% | ||
| Technology | Other Integrated Telecommunications Services | 7.4TCr | -7.42% | ||
| Technology | Other Integrated Telecommunications Services | 104.52Cr | -10.35% | ||
News of the components
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