MAGIC FORMULA

https://takeprofit.com/stock-screen/magic-formula-finding-quality-companies-at-bargain-prices-96

▲ Book Value Per Share MRQ ≥ 0: * Book Value Per Share (BVPS): This metric represents the net asset value of a company attributable to its common shareholders. It's derived by subtracting intangible assets and liabilities from total assets, then dividing by the number of outstanding shares. * MRQ: Signifies "Most Recent Quarter," indicating that the BVPS data is sourced from the company's latest reported financial period. * ≥ 0: This condition ensures that only companies with a positive or zero book value per share are included, generally excluding those with negative equity which might suggest financial instability.

▲ Earnings Yield TTM ≥ 15%: * Earnings Yield: This is the reciprocal of the Price-to-Earnings (P/E) ratio, calculated as Earnings Per Share (EPS) divided by the Share Price. It illustrates the percentage of each dollar invested in the stock that the company earned over the last year. A higher earnings yield can suggest that a stock is potentially undervalued or provides a strong return on earnings relative to its market price. * TTM: Denotes "Trailing Twelve Months," meaning the earnings per share data is based on the company's performance over the most recent 12-month timeframe. * ≥ 15%: This filter mandates that only companies with an earnings yield of 15% or greater are selected. This is a relatively high threshold, implying the user is seeking stocks that demonstrate robust earnings performance in relation to their valuation.

▲ ROIC MRQ ≥ 25%: * ROIC (Return on Invested Capital): This is a profitability ratio that gauges a company's efficiency in utilizing its capital to generate profits. It's computed as Net Operating Profit After Tax divided by Invested Capital. A higher ROIC indicates superior effectiveness in converting capital into earnings. * MRQ: Once more, "Most Recent Quarter," signifying that the ROIC data is taken from the company's most recent financial disclosure. * ≥ 25%: This represents a very stringent requirement for ROIC, suggesting the user is looking for companies that are exceptionally productive and profitable with their capital. Businesses consistently achieving this level of ROIC frequently possess significant competitive advantages.

▲ Market Cap ≥ 100M: * Market Cap (Market Capitalization): This refers to the total value of a company's outstanding shares, determined by multiplying the Share Price by the Number of Outstanding Shares. It serves as an indicator of a company's overall size. * ≥ 100M: This filter includes only companies with a market capitalization of $100 million or more. This effectively excludes very small or micro-cap companies, tending to focus on those ranging from small-cap to large-cap.

► Clear Filters: This control would reset all applied filters, enabling the user to commence a new search with a blank slate.

In essence, this screener is configured to identify financially sound, highly profitable, and efficiently managed companies that could potentially be undervalued. It specifically targets:

• Companies with positive equity.
• Stocks exhibiting a high earnings yield (potentially indicating undervaluation).
• Businesses that are exceptionally efficient at generating profits from their invested capital.
• Companies that are not extremely small (with a market capitalization of at least $100 million).