We create added value
Our investment strategy We understand value investing to be the focus on the real value of the investments or the a stock. Our search and research is aimed at the discovery of discrepancies between the real value and the current price of a stock.
Our firm conviction with regard to the value approach is based on empirical research, according to which the value investing approach creates a risk-adjusted excess return over the market index in the long term.
CIIM has developed the value approach over many years. Within the framework of an in-house-developed multi-factor model, we have identified a variety of parameters that are relevant for the selection of potentially strong value stocks. They range from EV/Ebitda to P/E and ROE, to name but a few examples. Among these factors are also some that gauge the solvency of a company, such as the Altman Z Score.
The right balance of factors identifies our «winners» - these are periodically (re)evaluated, analysed in detail, invested in or sold.back