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05 November 2020
By Maynard Paton
Today I have returned to one of my favourite SharePad screens.
This screen applies two ratios favoured by ‘quality’ investors — operating margin and return on equity (ROE).
The main filter criteria are:
- An operating margin (latest and 10-year average) of 20% or more, and;
- An ROE (latest and 10-year average) of 20% or more.
Any business with a margin and ROE consistently above 20% is probably quite special.
I ran the screen and decided to study Jarvis Securities, a small stock-broker best known for x-o.co.uk.