Wilton Risenhoover

Finance Geek

Credentials: MBA

Fintel

Los Angeles CA

I spend most of my time analyzing data with computers.


Screen Performance

List of Companies with Activist Investors

Finds all companies with an activist investor filing in the last year

2.628%

Piotroski Score Screen

The fundamental task in investing is finding mispricings in price v. quality. There are a lot of cheap companies in the market, but most of them are cheap for very good reasons. The trick is finding companies that are cheap but actually healthy. In 2000, Joseph Piotroski wrote a paper in which he described a mathematical model that turned data from financial reports into a simple 9-point score that described a company’s health. He showed that this score, combined with a valuation metric (he used Book-To-Market), could be used successfully to produce excess returns in an investing strategy. This stock screener finds all companies with a score greater than six (which we call “healthy enough”). In his work, he suggested taking a list like this and buying the cheapest of that list. Note that many people believe, incorrectly, that buying companies with the best score is the proper approach, but they end up overpaying for quality. Remember, the goal is to find mispricings in price and quality, not overpay for high quality.

1.922%

ROIC (Return on Invested Capital) Screen

Companies with Return on Invested Capital (ROIC) > 15%

5.731%

Dividend Yield Leaders

For investors desiring income over capital appreciation, companies that pay dividends regularly are a great way to generate a steady cash flow. As in any purchase, the goal is to get most value for your dollar, and with dividends, a key metric is dividend yield. The dividend yield is the annual dividend paid divided by the current share price. Higher yields are better. This stock screen finds all securities with a dividend yield greater than 4%.

1.114%

NCAV Screen

The Net Current Asset Value (NCAV) is a conservative valuation metric popularized by Benjamin Graham. To calculate it, simply subtract the total liabilities from a company’s current assets. To calculate NCAVPS (Net Current Asset Value Per Share), divide the NCAV by the number outstanding shares. This stock screener takes Ben Graham’s more conservative approach and uses ⅔ of the NCAV.

3.125%

MicroCap With Revenue

This stock screen finds microcap companies with positive annual revenue.

2.317%

NNWC (Benjamin Graham's Net Net) Screen

This is Benjamin Graham's Net Net Working Capital Screen

8.32%

Negative Enterprise Value Companies

Companies with negative enterprise value generally get this way because they have a lot of cash. (Cash is subtracted when calculating EV). There is some evidence that negative enterprise value companies outperform the market, so companies matching this screen might be undervalued.

4.175%

Deep Value Price To Book Value Strategy

Finds companies where Price to Book Value < 1.0;

3.929%