BELOW THRESHOLD

Low quality (<50) + low opportunity (<50)

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Fresenius SE & Co. KGaA

FRE.XETRA 🇩🇪 Frankfurt
Quality
45
Opportunity
40
Yield (Fwd)
2.7%
Healthcare

Fresenius is successfully executing its 'FutureFresenius' restructuring, driving deleveraging and organic growth in its ...

Updated: Aug 15 Auto re-analysis: Aug 22
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Infineon Technologies AG

IFX.XETRA 🇩🇪 Frankfurt
Quality
20
Opportunity
40
Yield (Fwd)
0.4%
Technology

Infineon is a premier semiconductor manufacturer successfully navigating a temporary cyclical downturn and resolving maj...

Updated: Aug 16 Auto re-analysis: Aug 22
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Anheuser Busch Inbev SA NV

ABI.BR 🇧🇪 Brussels
Quality
38
Opportunity
35
Yield (Fwd)
1.6%
Consumer

Anheuser-Busch InBev commands a dominant global brewing footprint and has successfully deleveraged, resulting in a cheap...

Updated: Aug 15 Auto re-analysis: Aug 22
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Métropole Télévision S.A.

MMT.PA 🇫🇷 Paris
Quality
20
Opportunity
35
Yield (Fwd)
10.0%
Communication Services

Métropole Télévision operates a legacy broadcasting business facing severe structural decline as audiences migrate to st...

Updated: Aug 15 Auto re-analysis: Aug 22
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Heineken

HEIA.AS 🇳🇱 Amsterdam
Quality
42
Opportunity
30
Yield (Fwd)
2.8%
Consumer

Heineken benefits from an elite global brand portfolio and strong free cash flow, but declining long-term earnings and a...

Updated: Aug 15 Auto re-analysis: Aug 22
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LVMH Moët Hennessy - Louis Vuitton

MC.PA 🇫🇷 Paris
Quality
40
Opportunity
30
Yield (Fwd)
2.6%
Consumer

LVMH operates an elite collection of luxury brands with a pristine balance sheet, but its heavy reliance on cyclical dis...

Updated: Aug 15 Auto re-analysis: Aug 22
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Air Products and Chemicals Inc

APD 🇺🇸 NYSE/NASDAQ
Quality
35
Opportunity
30
Yield (Fwd)
2.6%
Materials

Air Products operates a highly entrenched industrial gas oligopoly, but its high-risk, capital-intensive transition to b...

Updated: Aug 15 Auto re-analysis: Aug 22
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Heidelberg Materials AG

HEI.XETRA 🇩🇪 Frankfurt
Quality
42
Opportunity
27
Yield (Fwd)
1.9%
Materials

Heidelberg Materials is a financially robust building materials leader, but its massive exposure to structural carbon tr...

Updated: Aug 15 Auto re-analysis: Aug 22
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SSE PLC

SSE.LSE 🇬🇧 London
Quality
38
Opportunity
25
Yield (Fwd)
3.0%
Utilities

SSE is navigating a massive £33 billion energy transition that structurally limits free cash flow and recently necessita...

Updated: Aug 15 Auto re-analysis: Aug 22
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Dassault Systemes SE

DSY.PA 🇫🇷 Paris
Quality
35
Opportunity
25
Yield (Fwd)
1.6%
Technology

Dassault Systèmes is a high-quality industrial software leader with a pristine balance sheet, but it remains fundamental...

Updated: Aug 15 Auto re-analysis: Aug 22
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