We look to see whether:

  • Icon growth 1a79f067c643f490629e90d57bc05edf71e1b58b4cea41172ff85028d6a404a5
    Top line growth is coincidental with operating margins
  • Icon earnings ca177c74e8bae197668d1ba4a749a14130e5802330efc1f0adb2ec8a415dcd0c
    Earnings are driven by operations or capital management
  • Icon free cash 65acc353292855e3552e7857f344565b3fcb43a1cba236af5032cf93d802610a
    Free cash flow can sustain debt
  • Icon equity bb9ae5a42ade9522f9d9a36c94a8cf730904a67e7a939236e321c75d02b7f276
    Whether significant financial ratios, such as Return on Equity, conform to our estimations.

We also undertake a qualitative screening process which introduces an assessment of:

  • Icon macro e2733060efdd7c4948bb61041d44b335c78032dfec470751e384bb0aa05323fa
    The macro environment
  • Icon business cycle f9a96ed67e7d6be2a20ecf579c8a31e095087ee9f4c0d6de2a4d1998cff07cfd
    The business and credit cycles
  • Icon sector 14ac4e6bb947f2d6ef39b869aa998db58f24c823c9e6b102897b4dd2eb418686
    Sector issues and preferences
  • Icon operations cb756e322c4df5fa25ad3a718e719aa37989525a00c32cc574a153ab4d356f57
    Specific operational strengths, weaknesses and challenges of identified companies.

Risk factor analysis determines our style bias. Back testing confirms that the market remains in prolonged cycles, driven by either growth, value or momentum. The quantitative process is dynamic and adjusts to style rotation. Style shifts tend to take place in tandem with major events such as stock market crashes, the emergence of ETF’s or a change in interest rate cycles.

Being slightly more quantitative and mathematical in our investment approach, risk management becomes an integral part of each step in the investment process

We aim to achieve above average returns with below average risk-taking over time.

Get in touch

Leave your details here and we’ll get back to you as soon as possible!

Response Preference