Stocks selection based on Benjamin Graham's methodology: A study appplied to insurance and retirement companies (Financial Sector)
Considering the low interest rates implemented in the main world economies, in 2019, such as Brazil (Nominal Selic at 4.5% p.a. and Real Selic at 0.18% p.a.) and Spain (Nominal Euribor at 0% p.a. and Real Euribor at -0.8% p.a.), the investor tends to diversify their resources between fixed-income an...
Guardado en:
| Autores principales: | , , |
|---|---|
| Formato: | Artículo publishedVersion Articles Artículos de Investigación |
| Lenguaje: | Español |
| Publicado: |
FACULTAD DE CIENCIAS ECONÓMICAS - UNIVERSIDAD DE BUENOS AIRES
2020
|
| Materias: | |
| Acceso en línea: | https://ojs.economicas.uba.ar/Contyaudit/article/view/1867 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=contabit&d=1867_oai |
| Aporte de: |
| Sumario: | Considering the low interest rates implemented in the main world economies, in 2019, such as Brazil (Nominal Selic at 4.5% p.a. and Real Selic at 0.18% p.a.) and Spain (Nominal Euribor at 0% p.a. and Real Euribor at -0.8% p.a.), the investor tends to diversify their resources between fixed-income and variable-income assets. In this regard, this paper aims to identify the insurance and retirement companies (Financial Sector) listed on São Paulo stock exchange and Madrid stock exchange which could be considered profitable, following Benjamin Graham's criteria for stock selection (“Security Analysis”,1934 and “The Intelligente Investor”, 1973). To achieve this aim, the Quali-Quantitative approach is used, through bibliographical review of publications related to fundamental analysis, searching for historical accounting ratios of companies and implementation of the corresponding criteria stipulated by Graham Earnings, Liquidity, Constant Earnings, Historical Dividends, Annual Earnings Growth, Price Earnings y Price Book Value). Based on this information it was possible to answer the research theme: Which of the stocks analyzed have consistent profitability expectations using the method developed by Benjamin Graham? |
|---|