Stock Screeners

InsvestoBoy · 19 December 2018

luutzu said:
If we think that high priced "fundamental" data is the edge, we're way too rich and way too optimistic. I mean, if that's the case, all Fund Managers - with their billions in asset under management, millions in the expense account, rows of "analysts" - would have shown results their clients can retire early.

Boy you sure can type a lot, way way past the topic at hand. Got nothing better to do?

The OP is trying to get data so they can build a portfolio following the value factor in the ASX with EV/EBIT as the measure of the factor.

The factor is the edge. The factor relies on the data. Someone has to compile the data. The question is not about the validity of the factor, if you care about that you can go and read all the research instead of typing essays here.

The question is simply where can the data to replicate the strategy on the ASX be acquired.

luutzu · 19 December 2018

InsvestoBoy said:
Boy you sure can type a lot, way way past the topic at hand. Got nothing better to do?

The OP is trying to get data so they can build a portfolio following the value factor in the ASX with EV/EBIT as the measure of the factor.

The factor is the edge. The factor relies on the data. Someone has to compile the data. The question is not about the validity of the factor, if you care about that you can go and read all the research instead of typing essays here.

The question is simply where can the data to replicate the strategy on the ASX be acquired.

The thing about intelligent investing is that you spend most of your time just sitting around waiting.

That and I sometime find it helpful to ask people why do they need a hammer for. If it's to drive a nail, sure, pay for a hammer. If it's the drive a screw, might be better to use a drill or a phillips head.

How is that EV/EBIT factor an edge? An edge to cut your own wrist or to gain from investing?

So EV is the enterprise value... i.e. it's the market cap plus the debt.

Yet it's divided over an earnings where you assume there is no interest or tax being paid on the debt.

Might as well use P/E 'cause it might actually show a truer picture.

Take APA for example. Current market cap about $10.2B, long term debt about $9.3B.

EV = $19.5B. EBIT = $936.96m. EV/EBIT = 20.8.

Not too overpriced...

P/E = 10 200 / 264.8 = 38.52

Yah... good luck paying 38.5 times earnings for anything.

InsvestoBoy · 19 December 2018

luutzu said:
How is that EV/EBIT factor an edge?

Go

and

read

all

of

the

research

about

the

value

factor

instead

of

writing

garbage.

So EV is the enterprise value... i.e. it's the market cap plus the debt.

There is no textbook anywhere in the history of the world that defines EV as market cap plus debt.

Take APA for example. Current market cap about $10.2B, long term debt about $9.3B.

EV = $19.5B. EBIT = $936.96m. EV/EBIT = 20.8.

Not too overpriced...

P/E = 10 200 / 264.8 = 38.52

Garbage in, garbage out.

Yah... good luck paying 38.5 times earnings for anything.

Yeah, yeah, what kind of idiot would pay 38 P/E for anything....oh wait...

https://www.quora.com/What-was-the-highest-P-E-that-Warren-Buffet-paid-for-a-stock

In the second quarter of 2006, Warren bought Sanofi (SNY) for a price range of $44.52-$47.51 and P/E range of 31.58-31.94. He added more and now has a total of 3,905,875 shares worth around $210 million.

Around the same period, he added Iron Mountain Inc. (IRM) for $23.88 - $26.8 and P/E at 39.41-43.57. In the next quarter, he added some more at a P/E range of 36.17-41.48 and then again in the last quarter for 28.69-33.40. He has since sold off his entire stake in 2010.

In the third quarter of 2007, he bought Wabco Holdings Inc. (WAB) for a price range of $44.53 - $47.92 and a P/E of 35.43-36.92. He still has 4,076,325 shares worth around $356 million.

In the third quarter of 2009, he added Wells Fargo (WFC) at a price range of $22.87 - $29.39 and P/E of 31.05-35.60. He kept on adding more and now he has 463,458,123 shares worth $24.1 Billion.

Warren Buffett added Graham holdings Limited (GHC) in the last quarter of 2013. His price range was $600.9-$673.5 and the range of P/Es that he paid was between 131.38-143.82. He has since swapped his $1.1 Billion stake in GHC to acquire WPLG in 2014. (This is the highest P/E in the list)

You are hung up on this discussion as if it's about the merit of value factor. It's not. It's just about someone trying to get some information about how to build a portfolio on that factor in the ASX.

luutzu · 19 December 2018

InsvestoBoy said:
Go

and

read

all

of

the

research

about

the

value

factor

instead

of

writing

garbage.

There is no textbook anywhere in the history of the world that defines EV as market cap plus debt.

Garbage in, garbage out.

Yeah, yeah, what kind of idiot would pay 38 P/E for anything....oh wait...

https://www.quora.com/What-was-the-highest-P-E-that-Warren-Buffet-paid-for-a-stock

You are hung up on this discussion as if it's about the merit of value factor. It's not. It's just about someone trying to get some information about how to build a portfolio on that factor in the ASX.

Big losses on the market lately or you're just being your typical azzhole self?

Talk about grasping at straws.

Mate, just because Buffett bought something at a price where divided by its earnings results in a high PE doesn't necessarily mean he buy high PE stocks.

Ever thought that, I don't know, maybe the reported E at the time he bought them were not the "normal" earnings? Maybe he examine the company's assets for those businesses?

But sure, higher 30s normalised PE is the way to do it

Philosurfer · 25 December 2018

12Percent said:
G'day,

I have been on the hunt for a reasonably priced stock screener for fundamental analysis.

I have tried most of the free ones which are largely disappointing, I have also searched this forum and tried many suggestions without luck.

I am looking for a screener which screens the ASX, screens for value; namely EV/EBIT.

At this stage the only one I've found is the Uncle Stock screener which is $100us per year, while this one looks pretty good I thought I'd ask the collective knowledge here for any other options which are reasonably priced?

Cheers,

Have you had a look at Forwardcaster.com? They have a fundamentals-based backtesting engine and screener for the OZ and NZ markets.

Philosurfer · 25 December 2018

InsvestoBoy said:
Boy you sure can type a lot, way way past the topic at hand. Got nothing better to do?

The OP is trying to get data so they can build a portfolio following the value factor in the ASX with EV/EBIT as the measure of the factor.

The factor is the edge. The factor relies on the data. Someone has to compile the data. The question is not about the validity of the factor, if you care about that you can go and read all the research instead of typing essays here.

The question is simply where can the data to replicate the strategy on the ASX be acquired.

The best way to find out whcih factor has the edge is to run a series of back-tests which split the market up into deciles.

Stock Jock · 13 January 2019

I've used FINVIZ to screen stocks and it gives some good results. It's free to use and there are some additional features that are provided with a paid subscription. You can filter your results by country, so it seems to have data from stock exchanges around the world.

divs4ever · 26 December 2021

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