We invest time before we invest capital. Our investment strategy is based on sound analysis, long-term thinking and genuine responsibility. We support our clients personally - even across generations and far beyond the portfolio.
Our quality check
1. Market screening
and analysis
- Automated monthly screening of over 2,000 companies worldwide
- Specific calculation of fundamental data based on our own criteria with a focus on cash flow
- Assessment of sector attractiveness compared to the market, taking into account valuations, relative development prospects and our economic outlook
Our quality check
2. Preselection
- Division of the equity universe into quality categories
- Investments exclusively in companies with above-average quality (predominantly in companies of the top 25% quality)
- Qualitative reductions within the above-average quality only in the case of very attractive valuations and intact future prospects
- No investments in companies of inferior and poor quality
Our quality check
3. Detailed company analysis
- Detailed company analysis (annual financial statements, conferences, presentations)
- Creation of your own valuation model including market and competitor analysis
- Direct contact with company management and industry experts to answer open questions
A good investment offers an attractive
ratio between quality and price
Fundamental analysis
1. Market position
- Market leader or attractive niche
- Pricing power or cost leadership
- Stable margins and cash flows
A good investment offers an attractive
ratio between quality and price
Fundamental analysis
2. Security
- High balance sheet quality
- Low debt
- Low capital requirement
A good investment offers an attractive
ratio between quality and price
Fundamental analysis
3. Sustainability
- Sustainable products
- Healthy corporate culture
- Low dependence on exogenous factors
A good investment offers an attractive
ratio between quality and price
Fundamental analysis
4. Growth
- Attractive future prospects
- Reliable management
- Organic or acquisitive
- Profit distribution or reinvestment
A good investment offers an attractive
ratio between quality and price
Fundamental analysis
5. Valuation
- Focus on return on invested capital
- Free cash flow return
- Preference for actual over potential future returns
Composition
of the portfolio
Growth companies, companies with low valuations and those with high earnings stability - our portfolio is invested in a balanced way in companies with different key drivers. We do not hide behind benchmark indices, but independently review our allocation in relation to the main drivers. The diversity of the influencing factors makes the portfolio exceptionally robust.