Investment Philosophy
Our philosophy is based on selecting quality companies with attractive valuations. The analysis we perform follows a methodology that allows us to identify undervalued stocks that we believe have high potential in the medium to long term.
Our valuation study is composed of three fundamental pillars:
Classical fundamental analysis
We look for market opportunities with our own methodology, analyzing the intrinsic value of each company.
Analysis of the company's positioning
Research of the companies' competitive advantages, strengths and weaknesses, competition and the market in which it operates.
Risk analysis
In-depth knowledge of the sensitivity of the business cycle and the stability of the company's results.
Unlike other management companies, decisions are based on the contribution of all analysts to each of them, not compartmentalizing sectors by analyst. ( Ray Dalio’s style at Breagewater Associated).
Once we have analyzed the company, we talk to its directors and managers and compare our own perception and our figures. Finally, in our methodology we always seek consensus from the entire management team for each decision we make.
Our range of choice is more than 1.000 stocks traded in developed markets and we usually have between 40 and 70 stocks in our portfolio.
Regarding company size, we have a preference to Medium and Big Cap, although we also include Small Caps as long as they maintain our liquidity requirements.