The next are at the moment’s upgrades for Validea’s E-book/Market Investor mannequin based mostly on the printed technique of Joseph Piotroski. This value-quant technique screens for prime book-to-market shares, after which separates out financially sound corporations by a number of bettering monetary standards.
AEGON N.V. (ADR) (AEG) is a mid-cap worth inventory within the Insurance coverage (Life) trade. The score in accordance with our technique based mostly on Joseph Piotroski modified from 60% to 80% based mostly on the agency’s underlying fundamentals and the inventory’s valuation. A rating of 80% or above usually signifies that the technique has some curiosity within the inventory and a rating above 90% usually signifies sturdy curiosity.
Firm Description: Aegon N.V. (Aegon) is a world life insurance coverage, pensions and asset administration firm. The Firm’s segments embody the Americas, which incorporates america, Mexico and Brazil; the Netherlands; the UK; Central & Jap Europe; Spain & Portugal; Asia, and Aegon Asset Administration. It gives safety in opposition to mortality, morbidity and longevity dangers, together with conventional and common life. It gives merchandise with mortality, morbidity, and longevity dangers, together with conventional and common life; mortgages; annuity merchandise, and banking merchandise. It gives particular person safety merchandise, comparable to annuities, time period insurance coverage, revenue safety and worldwide/offshore bonds. It has actions in Hungary, Poland, Romania and Turkey. It gives life insurance coverage marketed to high-net-worth people in Hong Kong and Singapore. It additionally gives funding merchandise overlaying third-party prospects, insurance-linked options.
The next desk summarizes whether or not the inventory meets every of this technique’s checks. Not all standards within the beneath desk obtain equal weighting or are impartial, however the desk offers a short overview of the sturdy and weak factors of the safety within the context of the technique’s standards.
|RETURN ON ASSETS:||PASS|
|CHANGE IN RETURN ON ASSETS:||PASS|
|CASH FLOW FROM OPERATIONS:||PASS|
|CASH COMPARED TO NET INCOME:||PASS|
|CHANGE IN LONG TERM DEBT/ASSETS||PASS|
|CHANGE IN CURRENT RATIO:||FAIL|
|CHANGE IN SHARES OUTSTANDING:||PASS|
|CHANGE IN GROSS MARGIN:||FAIL|
|CHANGE IN ASSET TURNOVER:||PASS|
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Since its inception, Validea’s technique based mostly on Joseph Piotroski has returned 53.32% vs. 129.41% for the S&P 500. For extra particulars on this technique, click on right here
About Joseph Piotroski: Piotroski is not your typical Wall Avenue large shot. In reality, he isn’t even an expert investor. He is previous numbers-crunching accountant and faculty professor. However in 2000, shortly after he began instructing on the College of Chicago’s Graduate College of Enterprise, Piotroski printed a groundbreaking paper within the Journal of Accounting Analysis entitled “Worth Investing: The Use of Historic Monetary Assertion Info to Separate Winners from Losers”. In it, Piotroski laid out an accounting-based stock-selection/shorting technique that produced a 23 p.c common annual back-tested return from 1976 by 1996 — greater than double the S&P 500’s achieve throughout that point. Piotroski’s findings have been reported in main monetary publiations like SmartMoney. Immediately, he teaches accounting at Stanford College’s Graduate College of Enterprise.
About Validea: Validea is an funding analysis service that follows the printed methods of funding legends. Validea gives each inventory evaluation and mannequin portfolios based mostly on gurus who’ve outperformed the market over the long-term, together with Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For extra details about Validea, click on right here
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.