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 | 2.83B | +14.67% | ||
| Consumer Cyclical | Other Apparel & Accessories | 1.45B | +10.45% | ||
| Technology | Other IT Services & Consulting | 1.01B | -13.42% | ||
| Industrials | Integrated Logistics Operators | 5.09B | +8.37% | ||
| Industrials | Other Business Support Services | 6.27B | -21.06% | ||
| Healthcare | Other Managed Healthcare | 1.42B | -29.44% | ||
| Technology | Other IT Services & Consulting | 4.66B | +11.88% | ||
| Industrials | Other Construction & Engineering | 12.14B | +10.00% | ||
| Industrials | Heavy Trucks | 14.55B | +49.38% | ||
| Technology | Other Computer Hardware | 17.23B | +42.66% | ||
| Technology | Technology Consulting & Outsourcing Services | 7.31B | -5.69% | ||
| Consumer Cyclical | Sports & Outdoor Footwear | 1.84B | +15.18% | ||
| Industrials | Other Construction & Engineering | 1.04B | +15.66% | ||
| Consumer Cyclical | Other Discount Stores | 1.41B | +2.01% | ||
| Real Estate | Other Real Estate Services | 16.23B | +2.96% | ||
| Industrials | Other Business Support Services | 1.21B | -5.18% | ||
| Industrials | Industrial Parts & Components | 1.27B | +83.73% | ||
| Industrials | Other Environmental Services & Equipment | 1.2B | +12.76% | ||
| Consumer Non-Cyclical | Retail - Drugs without Grocery | 1.34B | -9.75% | ||
| Industrials | Other Business Support Services | 3.82B | +0.85% | ||
| Industrials | Water & Sewage Construction | 1.02B | +10.10% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 3.09B | -10.58% | ||
| Consumer Cyclical | Women's Apparel Retailers | 4.42B | -1.19% | ||
| Industrials | Other Industrial Machinery & Equipment | 7.97B | +33.48% | ||
| Technology | Financial Technology (Fintech) (NEC) | 23.4B | +1.66% | ||
| Technology | Enterprise Software | 5.91B | -20.35% | ||
| Healthcare | Other Healthcare Facilities & Services | 11.13B | -16.33% | ||
| Energy | Other Oil Related Services and Equipment | 2.65B | +39.93% | ||
| Industrials | Electrical Measuring & Testing Instruments | 4.21B | +92.78% | ||
| Technology | Other IT Services & Consulting | 29.05B | -26.14% | ||
| Industrials | Courier Services | 19.17B | +20.15% | ||
| Technology | Technology Consulting & Outsourcing Services | 4.22B | -16.30% | ||
| Industrials | Other Construction & Engineering | 2.58B | -6.86% | ||
| Technology | Other IT Services & Consulting | 5.12B | -29.90% | ||
| Basic Materials | Metal Service Centers | 1.09B | +30.85% | ||
| Consumer Cyclical | Other Auto Vehicles, Parts & Service Retailers | 4.8B | -4.02% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 33.85B | +67.11% | ||
| Technology | Other Software | 1.69B | -5.86% | ||
| Industrials | Other Electrical Components & Equipment | 11.15B | +0.93% | ||
| Industrials | Other Industrial Machinery & Equipment | 8.72B | +7.93% | ||
| Consumer Cyclical | Other Restaurants & Bars | 1.64B | -3.65% | ||
| Technology | Other IT Services & Consulting | 36.37B | -18.49% | ||
| Industrials | Office Supplies | 2.41B | +1.30% | ||
| Consumer Cyclical | Television Broadcasting | 4.99B | -16.19% | ||
| Basic Materials | Gold Mining | 4.89B | +36.42% | ||
| Industrials | Other Shipbuilding | 12.68B | +17.53% | ||
| Real Estate | Other Real Estate Services | 1.71B | -9.96% | ||
| Healthcare | Generic Pharmaceuticals | 1.75B | +4.28% | ||
| Technology | Other Semiconductor Equipment & Testing | 12.57B | +37.93% | ||
| Basic Materials | Gold Mining | 72.74B | -0.74% | ||
| Consumer Cyclical | Other Auto & Truck Manufacturers | 34.1B | +38.10% | ||
| Technology | Other IT Services & Consulting | 6.93B | -35.89% | ||
| Industrials | Industrial Machinery | 4.41B | -2.44% | ||
| Consumer Cyclical | Other Appliances, Tools & Housewares | 6.12B | -4.93% | ||
| Financials | Other Investment Management & Fund Operators | 12.47B | +42.26% | ||
| Industrials | Other Heavy Electrical Equipment | 8.9B | +0.48% | ||
| Basic Materials | Gold Mining | 4.62B | +38.88% | ||
| Technology | E-commerce & Auction Services | 149B | -7.58% | ||
| Consumer Cyclical | Other Miscellaneous Specialty Retailers | 3.87B | -12.62% | ||
| Basic Materials | Copper Ore Mining | 6.17B | +1.67% | ||
| Basic Materials | Gold Mining | 5.43B | -1.23% | ||
| Consumer Cyclical | Other Tires & Rubber Products | 3.87B | -8.26% | ||
| Healthcare | Other Pharmaceuticals | 1.74B | -19.86% | ||
| Financials | Other Investment Banking & Brokerage Services | 4.9B | +5.66% | ||
| Industrials | Other Employment Services | 3.4B | -17.07% | ||
| Real Estate | Other Real Estate Development & Operations | 7.26B | +18.05% | ||
| Technology | Integrated Hardware & Software | 1.61B | +0.22% | ||
| Industrials | Locomotive Engines & Rolling Stock | 2.48B | +4.07% | ||
| Technology | Other IT Services & Consulting | 3.02B | -8.70% | ||
| Consumer Cyclical | Other Auto, Truck & Motorcycle Parts | 10.44B | +21.88% | ||
| Basic Materials | Other Specialty Chemicals | 1.43B | +2.30% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 36.05B | -5.28% | ||
| Industrials | Other Ground Freight & Logistics | 1B | -9.15% | ||
| Healthcare | Medical Equipment Wholesale | 1.39B | -9.05% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.9B | +12.37% | ||
| Industrials | Telecommunication Construction | 3.96B | +18.60% | ||
| Utilities | Natural Gas Distribution | 8.27B | +0.67% | ||
| Technology | Other IT Services & Consulting | 121B | -26.33% | ||
| Technology | Other IT Services & Consulting | 19.54B | -13.99% | ||
| Consumer Cyclical | Quick Service Restaurants | 16.67B | +1.70% | ||
| Basic Materials | Mining Support Activities | 1.3B | +27.82% | ||
| Industrials | Industrial Plant | 3.66B | +33.97% | ||
| Real Estate | Residential Real Estate Services | 1.77B | -5.76% | ||
| Industrials | Other Industrial Machinery & Equipment | 2.46B | +10.56% | ||
| Healthcare | Other Pharmaceuticals | 3.42B | -8.96% | ||
| Technology | Technology Consulting & Outsourcing Services | 4.52B | -11.60% | ||
| Industrials | Other Environmental Services & Equipment | 5.59B | +27.28% | ||
| Consumer Non-Cyclical | Other Drug Retailers | 5.95B | -12.91% | ||
| Industrials | Industrial Moulds | 5.16B | +24.68% | ||
| Technology | Other Electronic Equipment & Parts | 31.41B | +18.32% | ||
| Basic Materials | Other Commodity Chemicals | 2.46B | +2.40% | ||
| Industrials | Security Services | 15.51B | +8.76% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 7.01B | -6.93% | ||
| Consumer Cyclical | Other Apparel & Accessories | 6.19B | -6.50% | ||
| Industrials | Transaction & Payment Services | 1.89B | +5.47% | ||
| Technology | Semiconductor Machinery Manufacturing | 1.21B | +20.36% | ||
| Industrials | Courier Services | 1.03B | -11.17% | ||
| Consumer Cyclical | Other Recreational Products | 3.12B | -6.79% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 1.97B | -9.36% | ||
| Financials | Health Insurance | 2.33B | -3.35% | ||
| Consumer Cyclical | Games, Toys & Children Vehicles | 1.53B | -0.15% | ||
| Industrials | Other Industrial Machinery & Equipment | 4.71B | +1.73% | ||
| Consumer Cyclical | Sportswear & Outdoors Clothing | 30.4B | +5.65% | ||
| Consumer Cyclical | Automotive Body Parts | 5.41B | +13.87% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.14B | +6.62% | ||
| Technology | Internet Gaming | 74.29B | -15.05% | ||
| Industrials | Other Heavy Machinery & Vehicles | 10.68B | +31.26% | ||
| Consumer Non-Cyclical | Food Ingredients | 1.93B | +23.81% | ||
| Healthcare | Pharmaceuticals Wholesale | 1.28B | +18.75% | ||
| Consumer Non-Cyclical | Other Food Processing | 4.1B | +4.96% | ||
| Consumer Cyclical | Other Home Furnishings Retailers | 2.25B | -27.12% | ||
| Technology | Other IT Services & Consulting | 16.25B | -17.60% | ||
| Industrials | Other Construction & Engineering | 89.72B | +14.54% | ||
| Basic Materials | Wood Products | 3.34B | -1.67% | ||
| Real Estate | Other Real Estate Services | 1.62B | -13.45% | ||
| Basic Materials | Primary Aluminum Production | 1.92B | +13.25% | ||
| Basic Materials | Plastics | 2.7B | +0.52% | ||
| Consumer Non-Cyclical | Cosmetics & Perfumes | 3.17B | +16.50% | ||
| Consumer Non-Cyclical | Supermarkets & Convenience Stores | 15.76B | +4.84% | ||
| Industrials | Other Industrial Machinery & Equipment | 25.52B | +21.47% | ||
| Consumer Cyclical | Automotive Accessories | 4.83B | -2.75% | ||
| Consumer Non-Cyclical | Other Non-Alcoholic Beverages | 4.25B | -5.29% | ||
| Technology | Other IT Services & Consulting | 4.72B | -27.34% | ||
| Consumer Cyclical | Other Apparel & Accessories | 19.34B | -19.50% | ||
| Technology | Other Internet Services | 6.91B | -7.06% | ||
| Energy | Other Oil Related Services and Equipment | 2.84B | +11.53% | ||
| Technology | Other Internet Services | 2.05B | -16.39% | ||
| Industrials | Other Aerospace & Defense | 2.09B | +22.27% | ||
| Consumer Non-Cyclical | Other Food Retail & Distribution | 42.65B | +17.35% | ||
| Healthcare | Other Pharmaceuticals | 5.12B | +43.37% | ||
| Financials | Other Life & Health Insurance | 66.46B | +4.92% | ||
| Financials | Insurance Brokers | 3.45B | -17.99% | ||
| Consumer Non-Cyclical | Other Food Processing | 18.89B | +24.68% | ||
| Technology | Other Integrated Telecommunications Services | 75.53B | -9.09% | ||
| Technology | Other Integrated Telecommunications Services | 1.13B | -1.19% | ||
| Financials | Other Multiline Insurance & Brokers | 28.27B | +6.31% | ||
News of the components
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