Currently the results of my personalized screen look like this:
Our positions are marked with prefix ">".
Rank Company (Score)
-----------------------------
#1 CapMan (3,1)
#2 Orava Asuntorahasto (2,9)
#3 Siili Solutions (2,8)
#4 eQ (2,6)
>#5 Fortum (2,6)
#6 Nokian Renkaat (2,5)
>#7 TeliaSonera (2,4)
#8 Soprano (2,4)
#9 Technopolis (2,3)
>#10 Orion (2,3)
#11 Revenio Group (2,3)
#12 Taaleritehdas (2,2)
>#13 Citycon (2,2)
#14 Sponda (2,1)
#15 Norvestia (2,1)
#16 Sampo (2,0)
#17 Ponsse (1,9)
#18 Suominen (1,9)
#19 Aspo (1,8)
#20 Elisa (1,8)
..
>#35 UPM (1,5)
>#73 Nokia (0,9)
>#82 Metso (0,8)
>#95 Valmet (0,5)
Average Score of all companies in the research database: 1,4
Average Score of our positions: 1,65
Median Score 1,3
Worst Score 0,0 (#99 Incap)
Parameters used in screen (weight):
-------------------------------------------
P/B estimate 2014 (13%)
P/E estimate 2014, 2015 (8%, 10%)
Dividend yield estimate 2014, 2015 (8%, 8%)
ROA estimate 2014 (10%)
ROI estimated 3 year average 2012-2014 (8%)
ROE estimated 3 year average 2013-2015 (8%)
Turnover estimated increase 2013-2015 (8%)
Net Profit estimated increase in 2013-2015 (8%)
Gross Margin estimate 2014 (8%)
Profit Margin estimate 2014 (8%)
The used parameters emphasise attractive valuation (31%), profitability in broad sense (26% weight), growth (16%) and dividend yield (16%).
The screen relies on estimates about future. Those combined with volatility of stock prices means that you should not try to chase screens like this (I don't). Ultimately any investment decision should be based on much more than just looking at the current numbers and estimates of future numbers.
However, this screen is one of the many ways I monitor our portfolio and seek for new ideas in Helsinki Stock Exchange.
