Value Hunting

As my profile says I'm a dividend investor, I thought of starting my first post with some research on fundamentally strong yet undervalued shares in CSE. 

■SCREENING

I did a screening of all 288 companies listed in CSE to find,

1. P/E between 1 and 10

2. Return on equity is higher than 20%

3. Current dividend yield is over 4%

4. Dividend growth rate of last 5 years is higher than 10%

5. EPS growth of last 5 years is higher than

 Later on I will share this screening tool with you. It allows you to scan the entire market with your preferred fundamentals. This is a real time saver for me. Also I will explain why I select above criteria for initial screening in a separate post.  For the time being just enjoy the results!
 

Counters with Attractive Valuation

As you can see, I found 9 counters which fits my search criteria. That doesn't mean rest of the 279 counters are not worth looking. But these are the most undervalued for the time being.

■Can I jump and BUY now?

Unfortunate the answer is a Big NO! Value investing is not that easy. You have to dig in to financials and search more. I will pick some of the above counters and check whether it is OK to BUY in a separate post. 

I did not made this post just to point the readers in some direction. Actually this is the way I make my purchase decisions. Within next couple of weeks I do hope to BUY one of the above counters. As always I'm keen to learn what you think which I should buy. Leave your comment here and let me know what you think.