As a long-term investor, company analysis is of central importance to us. Before making any investment, we analyze annual reports, industry studies and all financial figures from the last several years. We strive to understand the important influencing factors as well as opportunities and risks and clarify open questions with the management itself. Only when we are convinced of a company’s future prospects, an investment will be considered.
A company’s market position determines whether we invest. Market leader or niche player, pricing power or cost leadership, stable margins or attractive growth – we analyse all factors to invest successfully.
We play it safe with investments. Steady cash flow, low levels of debt, stable margins – we pay attention to all factors to achieve the desired success, even in economically difficult times.
Sustainability is more than just a buzzword for us. Future-oriented products, healthy corporate culture, low dependence on exogenous factors – we do a deep dive for the sustainable success of our investments.
We look for companies whose products and services are well received by consumers. The decisive factor here is whether growth is achieved through acquisitions or organically.
In addition to quality, price is also decisive for a successful investment. We pay particular attention to the cash flow generated by a company and put this in relation to the overall value. Only when this ratio is attractive, an investment will be considered.
Growth companies, value stocks and those with high stability of earnings – our portfolio is invested in a balanced way in businesses with different key drivers. The versatility of the influencing factors leads to extraordinary robustness of the portfolio.