***SharePad New Subscriber Special Offer***
Readers of my blog can claim one month of free data. Click here for details. #ad
12 August 2023
By Maynard Paton
I have once again revisited a SharePad screen that applies two ratios favoured by ‘quality’ investors — operating margin and return on equity (ROE).
The exact criteria I re-used were:
- 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 persistent margin and ROE of at least 20% could be very special.
To narrow the field down further, I also sought companies that carried net cash (i.e. net borrowings excluding IFRS 16 finance leases of less than zero):
I selected Record because it was among the better share-price performers of the last twelve months that I had not already studied for SharePad. Let’s take a closer look.Read my full RECORD article for SharePad >>