Let’s take a day away from analyzing stocks, and think about our investment universe.
All this data come from the All In One screener on the Guru Focus website.
There are 2333, US headquartered, non-financial, companies with market caps over $200 million.
It seems this is 50% of the number of public companies that existed 20 years ago. I do not know how find the historical data. 20 years ago Warren Buffett addressed an investment class taught by a friend. The first question for him was “How do I become an analyst?”, Buffett’s answer was “there are 5000 public companies in the US, start with the A’s”.
Today, in rough terms:
500 sell for market caps more than $10 billion
500 sell between $3 billion and $10 billion
500 sell between $1 billion and $3 billion
733 sell between $200 million and $1 billion
248 sell for less than book value, and 560 sell for less than 1.5x book value
385 sell for less than 8x EV/EBITDA, 801 sell for less than 12x EV/EBITDA
500 have negative EBITDA
424 sell for less than 1x EV/Sales
227 have a dividend yield over 4%, 107 have a yield over 6%
Ok, I know you want to know, how many over $200 million market cap, sell for less than 1.5x book, 8x EV/EBITDA, 1x sales, and have a 4% yield? :
Plains All-American Pipeline LP - PAA
SunCoke Energy - SXC
Standard Motor Parts - SMP
Movado Group - MOV
Haverty Furniture - HVT
Star Group LP - SGU
Resource Connections - RGP
Unit Corp - UNPC
Civeo Corp - CVEO
Aaron’s - AAN
FutureFuel -FF
Medifast - MED
The dirty dozen, have furniture rental, diet products, wrist watches, auto parts, and other less than exciting businesses.
CVEO does living accommodations for Canadian oil field workers. I have met the management before, and it seems to be a well run operation.
PAA is an crude pipeline network, with a very difficult to understand NGL business attached
SXC is cheap way to play steel production, but they have issues in Brazil