[SharePad] Screening For My Next Long-Term Winner: Hargreaves Lansdown

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28 February 2019
By Maynard Paton

For this SharePad search I screened for companies that exhibited an extended history of high margins and high returns on equity (ROE).

To narrow the field down further, I required my shortlisted companies to possess cash-positive balance sheets.

The exact criteria I used were:

  1. An average 10-year EBIT margin of 20% or more;
  2. An average 10-year ROE of 20% or more, and;
  3. Net borrowing of zero or less (i.e. a net cash position).

I selected Hargreaves Lansdown from the 24 matches because this company:

  • was the largest on the shortlist;
  • offers services used by many private investors, and;
  • prompts different opinions from quality investors Terry Smith and Nick Train.

Read my full Hargreaves Lansdown article for SharePad.

Maynard Paton

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