How we think.
Value investing focuses on the real value of investments or the intrinsic value of a stock. We look for discrepancies between the true value and the current price of a share.
The value approach is based on empirical research, according to which a risk-adjusted excess return is achieved compared to the market index. Our proprietary multi-factor-model identifies a variety of parameters relevant to the selection of potentially strong value stocks.
We understand value investing to be the systematic, quantitative and qualitative selection of undervalued stocks, taking credible sustainability criteria into account.
The exponential compound interest effect in asset accumulation is one of the cornerstones of our investment process. Admittedly, this requires a lengthy observation period.
Next to our value-based investment approach, we also take the company's own values into account. In addition to the ESG positioning, these values also include the capability of generating sustainable earnings, so called «Compounders.»