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Joel Greenblatt's MAGIC FORMULA Screen for Indian Stocks with Additional filtering for Quality.
#Thread
5th Upd -08Nov2020
Added HOW TO USE Magic Formula & some more updates, so do read till end.
#MagicFormula #Stocks #Indianstocks #JoelGreenblatt
1
#Thread
5th Upd -08Nov2020
Added HOW TO USE Magic Formula & some more updates, so do read till end.
#MagicFormula #Stocks #Indianstocks #JoelGreenblatt
1
đź“ŚMagic formula =Good Stocks At Attractive Prices
Higher Earnings Yield = Undervalued Stock
Higher ROIC/ROCE= Better Quality
Rank stocks on ROIC/ROCE (1 for Highest ROIC/ROCE)
Rank on Earning Yields (1 for Highest EY)
SUM the Ranks
RE-RANK on Combined score(1 for Lowest)
2
Higher Earnings Yield = Undervalued Stock
Higher ROIC/ROCE= Better Quality
Rank stocks on ROIC/ROCE (1 for Highest ROIC/ROCE)
Rank on Earning Yields (1 for Highest EY)
SUM the Ranks
RE-RANK on Combined score(1 for Lowest)
2
Additonal Filtering -
Good ROCE/ROIC over a period of time. Min 22%.
Attractive Earnings Yield > 10YrGSec(5.88%).
Good Operating Cash Flow over a period of time.
Good Asset turnover ratio/Management Efficiency.
Stable Promoter holding.
3
Good ROCE/ROIC over a period of time. Min 22%.
Attractive Earnings Yield > 10YrGSec(5.88%).
Good Operating Cash Flow over a period of time.
Good Asset turnover ratio/Management Efficiency.
Stable Promoter holding.
3
