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
| Consumer Cyclical | Other Apparel & Accessories | 1.43B | +9.01% | ||
| Industrials | Other Heavy Machinery & Vehicles | 9.68B | +19.45% | ||
| Industrials | Integrated Logistics Operators | 4.64B | +0.66% | ||
| Industrials | Industrial Plant | 5.21B | +5.36% | ||
| Industrials | Other Business Support Services | 7.08B | -10.86% | ||
| Healthcare | Other Managed Healthcare | 1.5B | -28.70% | ||
| Technology | Other IT Services & Consulting | 4.54B | +10.24% | ||
| Technology | Other IT Services & Consulting | 31.69B | -20.17% | ||
| Industrials | Other Construction & Engineering | 2.51B | -7.78% | ||
| Industrials | Heavy Trucks | 13.6B | +39.54% | ||
| Industrials | Other Construction & Engineering | 11.98B | +10.49% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 6.22B | -1.59% | ||
| Consumer Cyclical | Other Discount Stores | 1.6B | +15.66% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 1.43B | -10.56% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 25.98B | -9.08% | ||
| Consumer Cyclical | Residential Builders - Multifamily Homes | 1.29B | +11.14% | ||
| Real Estate | Other Real Estate Services | 14.02B | -11.06% | ||
| Technology | Other Computer Hardware | 12.61B | +4.09% | ||
| Industrials | Industrial Parts & Components | 1.15B | +65.17% | ||
| Consumer Non-Cyclical | Animal Slaughtering & Processing | 3.96B | +10.46% | ||
| Industrials | Other Environmental Services & Equipment | 1.38B | +20.10% | ||
| Consumer Cyclical | Other Restaurants & Bars | 2.1B | +23.36% | ||
| Consumer Non-Cyclical | Retail - Drugs without Grocery | 1.25B | -15.83% | ||
| Consumer Cyclical | Women's Apparel Retailers | 4.61B | +2.74% | ||
| Industrials | Other Business Support Services | 3.82B | +0.49% | ||
| Industrials | Other Industrial Machinery & Equipment | 7.49B | +25.07% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 3.44B | -0.83% | ||
| Basic Materials | Gold Mining | 4.61B | +30.19% | ||
| Technology | E-commerce & Auction Services | 145B | -10.07% | ||
| Industrials | Transaction & Payment Services | 1.76B | -1.89% | ||
| Healthcare | Other Healthcare Facilities & Services | 11.77B | -11.64% | ||
| Technology | Other IT Services & Consulting | 2.82B | -14.89% | ||
| Financials | Brokerage Services | 29.71B | +3.72% | ||
| Technology | Other IT Services & Consulting | 4.5B | -39.64% | ||
| Consumer Non-Cyclical | Cigars & Cigarette Manufacturing | 64.36B | +1.31% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 4.31B | -11.73% | ||
| Real Estate | Residential Real Estate Services | 1.73B | -8.10% | ||
| Industrials | Other Electrical Components & Equipment | 10.66B | -3.80% | ||
| Industrials | Testing & Measuring Equipment | 5.28B | +24.28% | ||
| Basic Materials | Gold Mining | 4.29B | +30.58% | ||
| Basic Materials | Gold Mining | 53.8B | +24.93% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 7.59B | +0.73% | ||
| Real Estate | Other Real Estate Services | 1.81B | -4.87% | ||
| Healthcare | Generic Pharmaceuticals | 1.75B | +4.09% | ||
| Basic Materials | Gold Mining | 75.94B | +3.24% | ||
| Consumer Non-Cyclical | Starch, Vegetable Fat & Oil Manufacturing | 1.91B | +4.44% | ||
| Basic Materials | Copper Ore Mining | 5.6B | -4.63% | ||
| Industrials | Other Construction & Engineering | 1.19B | -10.00% | ||
| Industrials | Industrial Machinery | 4.77B | +5.51% | ||
| Basic Materials | Copper Ore Mining | 6.3B | -18.43% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 6.56B | +8.91% | ||
| Industrials | Other Shipbuilding | 12.9B | +20.40% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 3.64B | -16.34% | ||
| Technology | Other Internet Services | 34.19B | -3.91% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 22.56B | -8.60% | ||
| Industrials | Construction Machinery | 1.99B | +1.04% | ||
| Technology | Other IT Services & Consulting | 7.9B | -28.80% | ||
| Technology | Other Software | 1.78B | -3.76% | ||
| Industrials | Industrial Machinery | 1.2B | -8.73% | ||
| Energy | Other Oil Related Services and Equipment | 3.45B | +9.48% | ||
| Industrials | Other Heavy Machinery & Vehicles | 8.55B | -0.91% | ||
| Financials | Other Investment Banking & Brokerage Services | 4B | -12.25% | ||
| Industrials | Electrical Measuring & Testing Instruments | 3.29B | +50.29% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 2.05B | -5.98% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 28.75B | -0.19% | ||
| Healthcare | Other Pharmaceuticals | 1.64B | -24.29% | ||
| Industrials | Other Business Support Services | 1.27B | -2.18% | ||
| Consumer Cyclical | Commercial Food Services | 5.87B | -6.07% | ||
| Industrials | Other Employment Services | 3.45B | -16.10% | ||
| Real Estate | Other Real Estate Development & Operations | 7.53B | +22.00% | ||
| Technology | Integrated Hardware & Software | 1.36B | -13.92% | ||
| Technology | Other IT Services & Consulting | 1.42B | -10.34% | ||
| Industrials | Other Construction & Engineering | 1.11B | +20.38% | ||
| Industrials | Industrial Plant | 3.34B | +32.14% | ||
| Basic Materials | Other Specialty Chemicals | 1.52B | +8.67% | ||
| Healthcare | Medical Equipment Wholesale | 1.49B | -2.95% | ||
| Healthcare | Other Pharmaceuticals | 3.27B | -13.22% | ||
| Industrials | Industrial Moulds | 5.07B | +22.09% | ||
| Utilities | Natural Gas Distribution | 9.6B | +16.69% | ||
| Industrials | Telecommunication Construction | 3.98B | +18.84% | ||
| Consumer Cyclical | Other Recreational Products | 3.04B | -8.44% | ||
| Services académiques et éducatifs | Miscellaneous Educational Service Providers | 3.65B | +33.73% | ||
| Technology | Other IT Services & Consulting | 132B | -19.87% | ||
| Consumer Cyclical | Quick Service Restaurants | 18.23B | +8.57% | ||
| Consumer Non-Cyclical | Carbonated Soft Drinks | 21.9B | +10.06% | ||
| Industrials | Courier Services | 17.41B | +9.14% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 9.37B | +8.95% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 35.01B | +68.49% | ||
| Healthcare | Medical Equipment Wholesale | 1.07B | -1.89% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 6.08B | -11.19% | ||
| Technology | Other Electronic Equipment & Parts | 26.95B | +1.22% | ||
| Technology | Technology Consulting & Outsourcing Services | 4.56B | -11.13% | ||
| Industrials | Other Ground Freight & Logistics | 1.09B | -1.52% | ||
| Basic Materials | Other Commodity Chemicals | 2.73B | +13.18% | ||
| Industrials | Security Services | 15.28B | +6.82% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.95B | +4.93% | ||
| Technology | Other IT Services & Consulting | 22.48B | -1.39% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 4.61B | +2.71% | ||
| Consumer Cyclical | Automotive Accessories | 4.76B | -5.11% | ||
| Technology | Other Semiconductors | 2.77B | +43.71% | ||
| Industrials | Other Industrial Machinery & Equipment | 2.33B | +4.24% | ||
| Healthcare | Other Healthcare Facilities & Services | 1.18B | -6.58% | ||
| Energy | Other Oil Related Services and Equipment | 3.32B | +30.16% | ||
| Technology | Other Internet Services | 6.01B | -19.81% | ||
| Consumer Non-Cyclical | Other Personal Products | 1.25B | +1.92% | ||
| Financials | Health Insurance | 2.07B | -11.81% | ||
| Consumer Cyclical | Automotive Body Parts | 5.83B | +22.70% | ||
| Consumer Cyclical | Games, Toys & Children Vehicles | 1.56B | +0.96% | ||
| Consumer Cyclical | Other Construction Supplies & Fixtures | 1.86B | -17.33% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 22.1B | -15.49% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.2B | +11.91% | ||
| Technology | Integrated Hardware & Software | 15.92B | -9.38% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 39.7B | +5.59% | ||
| Consumer Non-Cyclical | Special Foods & Wellbeing Products | 1.48B | -20.37% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.74B | +9.59% | ||
| Technology | Other IT Services & Consulting | 16.15B | -18.43% | ||
| Consumer Non-Cyclical | Food Ingredients | 2.01B | +28.41% | ||
| Industrials | Other Construction & Engineering | 15.09B | +10.42% | ||
| Basic Materials | Wood Products | 3.86B | +13.12% | ||
| Consumer Cyclical | Other Advertising & Marketing | 1.84B | +7.76% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 3.94B | -11.93% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 38.38B | +0.86% | ||
| Technology | Other IT Services & Consulting | 4.9B | -23.26% | ||
| Consumer Cyclical | Other Homebuilding | 14.67B | +2.00% | ||
| Consumer Cyclical | Optical Goods Stores | 4.26B | +0.46% | ||
| Industrials | Other Industrial Machinery & Equipment | 27.85B | +32.48% | ||
| Industrials | Other Construction & Engineering | 82.87B | +7.46% | ||
| Technology | Other Integrated Telecommunications Services | 1.1B | -2.38% | ||
| Consumer Cyclical | Other Home Furnishings Retailers | 2.52B | -17.52% | ||
| Consumer Cyclical | Discount Stores with Grocery | 1.52B | -6.99% | ||
| Technology | Electronic Component | 8.65B | -10.76% | ||
| Basic Materials | Other Construction Materials | 35.62B | -21.93% | ||
| Basic Materials | Plastics | 3.1B | +7.88% | ||
| Industrials | Heating, Ventilation & Air Conditioning Systems | 37.1B | -0.55% | ||
| Industrials | Other Aerospace & Defense | 2.27B | +33.66% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 42.04B | +17.21% | ||
| Consumer Non-Cyclical | Dairy Products | 5.62B | +11.16% | ||
| Financials | Other Life & Health Insurance | 57.67B | -7.33% | ||
| Consumer Non-Cyclical | Other Personal Products | 21.32B | -10.23% | ||
| Financials | Insurance Brokers | 3.39B | -17.61% | ||
| Services académiques et éducatifs | School, College & University (NEC) | 1.26B | -10.06% | ||
| Healthcare | Other Pharmaceuticals | 3.61B | +0.90% | ||
News of the components
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