SECTOR: [PASS] Acomo is neither a technology nor financial Company, and therefore this methodology is applicable.
SALES: [PASS] The investor must select companies of "adequate size". This includes companies with annual sales greater than €260 million. Acomo's sales of more than EUR 1 463 million, based on 2025 sales, pass this test.
CURRENT RATIO: [FAIL] [PASS] The current ratio must be greater than or equal to 2. Companies that meet this criterion are typically financially secure and defensive. Acomo's current ratio €715m/€411m of 1.7 just fails the test.
SALES: [PASS] The investor must select companies of "adequate size". This includes companies with annual sales greater than €260 million. Acomo's sales of more than EUR 1 463 million, based on 2025 sales, pass this test.
CURRENT RATIO: [FAIL] [PASS] The current ratio must be greater than or equal to 2. Companies that meet this criterion are typically financially secure and defensive. Acomo's current ratio €715m/€411m of 1.7 just fails the test.
LONG-TERM DEBT IN RELATION TO NET CURRENT ASSETS: [PASS] ? For industrial companies, long-term debt must not exceed net current assets (current assets minus current liabilities). Companies that do not meet this criterion lack the financial stability that this methodology likes to see. The long-term debt for Acomo is €140 million (of which some leases), while the net current assets are €303 million. Acomo passes this test.
LONG-TERM EPS GROWTH: [PASS] Companies must increase their EPS by at least 30% over a ten-year period and EPS must not have been negative for any year within the last 5 years. Companies with this type of growth tend to be financially secure and have proven themselves over time. Acomo's EPS growth was more than 50% over the past 10 years, Acomo passes this test.
Earnings Yield: [PASS] The Earnings/Price (inverse P/E) %, based on the lesser of the current Earnings Yield or the Yield using average earnings over the last 3 fiscal years, must be "acceptable", which this methodology states is greater than 6,5%. Stocks with higher earnings yields are more defensive by nature. Acomo's E/P of 8% (using last 3 years Earnings) passes this test.
Graham Number value: [PASS] The Price/Book ratio must also be reasonable. That is the Graham number value must be greater than the market price. Acomo has a Graham number of √(15 x €2 EPS x 1,5 x €14,9 Book Value) = €26
Dividend: €1,3/€25,9 = 5%
Conclusion 2023: @21 Euros The merger seems to be going well. Seems like a goog pick for a Graham Defensive investor
Conclusion 2026: Seems to be fairly. Not a screaming buy at EUR 26.
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"Leer Beleggen Als Warren Buffett" Dollar Tree voorbeeld blz 135 omgezet voor Acomo
Winst per aandeel: EUR 2,30
KW gemiddeld: 14,4
Verwachte winst groei per jaar 10%
Met deze gegevens in de hand kunnen we een verwacht
koersdoel voor de komende vijf jaar berekenen:
2,3 winst per aandeel *14,4 koers/winst verhouding *1,10^5 winst groei over 5 jaar = EUR 53,3 (2,3*14,4*1,10^5= 53,3)
Stel, we streven naar een jaarlijks verwacht rendement van 20+%. In dat geval dienen we de verwachte koers te delen door
2,5 (1,2^5 = 2,5). Daarmee komen we op een koers van EUR 21,3 (53,3/2,5) = EUR 21,33
Laten we stellen dat we tot verkopen overgaan wanneer het verwachte
rendement niet meer dan 8% betreft. In dat geval dienen we de koers te delen door 1,47 (1,08^5 = 1,47). In dat geval bedraagt een verkoopdoel
US EUR 36,25 (53,3/1,47 = 36,25)
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