The investing legend Warren Buffet once said: "Be greedy when others are fearful". Now is the time to be greedy!
The main Japanese stock index, the Nikkei 225, looks to have been relatively spared with a fall of around 11% YTD. But In reality, the downturn is much worse. As the Japanese Yen has dropped around 30% to the US Dollar during this time-frame, you can rightly assume that the Nikkei 225 has in fact fallen more than the S&P 500.
I used some tried and true value strategies to find the most undervalued Japanese companies. These filters include the Graham strategy, the Piotroski F-Score and . I found four companies that by the numbers look extremely interesting:
By their financials, these companies are almost too good to be true, but they could definitely be in unfavorable industries, or some scandal I've missed might have hurt their stock price.
Have you ever heard of this companies? Would you invest in them?
The main Japanese stock index, the Nikkei 225, looks to have been relatively spared with a fall of around 11% YTD. But In reality, the downturn is much worse. As the Japanese Yen has dropped around 30% to the US Dollar during this time-frame, you can rightly assume that the Nikkei 225 has in fact fallen more than the S&P 500.
I used some tried and true value strategies to find the most undervalued Japanese companies. These filters include the Graham strategy, the Piotroski F-Score and . I found four companies that by the numbers look extremely interesting:
- Miroku Jyoho Service (-24% YTD, P/E 7.9)
- Nippin Concept Corp (-23% YTD, P/E 8.1)
- Tocalo (-16% YTD, P/E 11)
- Central Automotive Products (-18% YTD, P/E 8.9)
By their financials, these companies are almost too good to be true, but they could definitely be in unfavorable industries, or some scandal I've missed might have hurt their stock price.
Have you ever heard of this companies? Would you invest in them?