Sunday, May 18, 2014

Top 200 List - May 17th, 2014

Top 200 List

As I mentioned last month, expanding the data I bring in... it will take time to build a database, but ten years from now I might be able to tell you something new!

As my readers know, I like to replicate the official MFI site (Magic Formula Investing) every now and then.  I add a few extra elements such as (1) country, (2) yahoo yield, (3) my calculated stats, (4) ranking and (5) 200 stocks.

If anyone could think of any other stats that might be interesting, then let me know.  I have now started using price to tangible book.  The data is from GuruFocus.  I have brought in a ton of other data from Gurufocus as well.

I think my approach is pretty darned accurate.  I use Compustat as well and formulas that were devised by a team on the Yahoo Groups board and detailed in my blog (MFI Diary: The Calculation).  I also cross reference my list with the official top 50 and they are almost always within my top 100 (I have more on my list as I do not exclude some stocks the official site excludes, such as some stocks in other countries).

Be aware that this is all formula driven, I have tried using Gurufocus for dividend yields - we can see how they look..  The main financials (from Compustat) have seemed very reliable to me.

Ticker Rank  Stock Price  Market Cap Earnings Yield ROIC Dividend Yield P/B Country
PDLI 1           8.84        1,455 26% 1274340% 6.8%        -     USA
TTWO 2         19.09        1,470 45% 1045% 0.0%      3.7   USA
AGX 3         28.71            419 22% 1468% 0.0%      3.0   USA
PTIE 4           4.59            207 18% 37295% 0.0%      4.6   USA
KING 5         16.25        5,118 18% 4351% #N/A #N/A   Ireland
CALL 6         15.07            269 16% 1224% 0.0%        -     Israel
GAME 7           6.67        1,792 14% 868% 0.0%        -     China
LQDT 8         13.91            450 17% 437% 0.0%      4.4   USA
SPRT 9           2.21            118 21% 254% 0.0%      1.5   USA
PFMT 10           8.73            433 17% 296% 0.0%        -     USA
USMO 11         14.71            324 18% 202% 3.4%      2.8   USA
NTES 12         70.67        9,236 12% 524% 2.0%      2.8   China
CTCM 13           9.34        1,455 19% 175% 7.0%      4.2   Russia
TNH 14      145.10        2,684 17% 188% 7.7%      7.7   USA
USNA 15         69.05            994 14% 204% 0.0%      4.4   USA
DEPO 16         10.93            655 11% 636% 0.0%      7.7   USA
BCOR 17         18.52            825 11% 492% 0.0%    16.8   USA
HLF 18         61.70        6,218 12% 238% 1.9%        -     Cayman Islands
APOL 19         29.00        3,288 18% 119% 0.0%      4.3   USA
CSCO 20         24.37    126,237 11% 332% 2.9%      4.5   USA
NSR 21         26.74        1,678 14% 142% 0.0%        -     USA
AVG 22         19.95        1,061 10% 726% 0.0%        -     Netherlands
RGR 23         65.36        1,301 14% 125% 3.5%      6.6   USA
CA 24         28.99      12,872 10% 441% 3.5%        -     USA
TEX 25         39.56        4,640 38% 101% 0.3%      9.1   USA
EBIX 26         16.89            652 10% 610% 0.4% #####   USA
UIS 27         22.77        1,055 22% 105% 0.0%        -     USA
ESI 28         25.57            599 30% 100% 0.0%      3.0   USA
GME 29         36.22        4,234 14% 118% 3.2%      6.7   USA
DLX 30         54.60        2,768 10% 345% 1.9%        -     USA
QCOR 31         90.02        5,565 10% 1624% 1.3%    23.7   USA
BKE 32         47.51        2,282 12% 123% 1.8%      6.3   USA
COH 33         41.99      11,705 13% 118% 3.2%      5.8   USA
NUS 34         75.13        4,600 13% 108% 1.7%      6.6   USA
PRIS 35           1.92            485 11% 129% 0.0%        -     Spain
GDOT 36         17.33            672 14% 96% 0.0%      1.7   USA
AAPL 37      597.51    525,527 10% 333% 2.1%      4.5   USA
STRA 38         57.50            608 14% 92% 1.8%    13.1   USA
IQNT 39         14.29            466 13% 100% 1.8%      3.7   USA
TDC 40         40.62        6,536 10% 362% 0.0%    11.4   USA
SWHC 41         15.25            870 17% 82% 0.0%      6.2   USA
KRFT 42         57.58      34,606 11% 115% 3.6%        -     USA
NOC 43      118.88      26,320 11% 115% 2.1%        -     USA
MSFT 44         39.83    333,258 10% 232% 2.7%      4.7   USA
ATAI 45           4.52            102 14% 80% 0.0%      1.6   China
NEWT 46           2.68            103 11% 110% #N/A #N/A   USA
STV 47           2.92            173 25% 71% 0.0%      1.6   China
SAIC 48         37.09        1,843 12% 97% #N/A #N/A   USA
GA 49         11.78        2,924 9% 390% 5.4%        -     China
BAH 50         24.67        3,672 10% 194% 1.6%        -     USA
RTN 51         95.39      30,124 10% 160% 2.4%        -     USA
VGR 52         19.64        1,860 9% 247% 8.1%        -     USA
DNB 53      103.50        3,902 9% 1213% 1.6%        -     USA
CRUS 54         22.21        1,434 14% 77% 0.0%      2.4   USA
PETS 55         13.35            268 12% 84% 5.1%      4.0   USA
SYNT 56         78.92        3,312 10% 123% 0.1%      4.1   USA
BWC 57         31.96        3,544 15% 69% 1.1%      4.3   USA
ONE 58           4.15            201 13% 75% 0.0%        -     USA
TZOO 59         18.74            281 9% 226% 0.0%      9.4   USA
TARO 60      106.24        4,749 10% 128% 0.0%      5.0   Israel
NTP 61           7.23            328 58% 58% 4.7%      1.0   China
LO 62         57.61      20,896 8% 633% 3.9%        -     USA
HPQ 63         32.52      62,926 12% 74% 1.8%        -     USA
STRZA 64         29.65        3,410 10% 119% 0.0%        -     USA
MED 65         29.29            388 11% 86% 0.0%      3.7   USA
MANT 66         29.85        1,109 12% 69% 2.8%      5.6   USA
EXPR 67         14.63        1,238 19% 57% 0.0%      4.5   USA
CHE 68         88.54        1,621 9% 154% 0.9%        -     USA
FRAN 69         16.77            716 11% 83% 0.0%      9.5   USA
NATR 70         13.49            224 16% 57% 3.0%      1.9   USA
RPXC 71         16.08            875 8% 1262% 0.0%      4.9   USA
XLS 72         16.83        3,280 15% 58% 2.5%        -     USA
LFVN 73           1.40            149 9% 193% 0.0% #####   USA
VIAB 74         83.83      37,271 9% 236% 1.4%        -     USA
BRCD 75           8.47        3,842 10% 80% 0.0%      5.4   USA
BR 76         38.80        4,842 8% 263% 2.1%        -     USA
WINA 77         67.18            357 8% 315% 0.3%    21.3   USA
BBBY 78         62.52      13,011 13% 58% 0.0%      3.7   USA
CPLA 79         60.94            769 9% 152% 1.2%      4.6   USA
NDZ 80         12.36            767 11% 75% 0.9%        -     Canada
SYMC 81         22.44      15,708 9% 133% 2.7%        -     USA
SLI 82         29.50            123 17% 53% 0.0%      2.9   USA
PBI 83         26.00        5,301 9% 150% 2.9%        -     USA
K 84         67.54      24,449 10% 76% 2.7%    21.2   USA
PME 85           3.12            247 19% 52% #N/A #N/A   China
ATVI 86         20.35      14,652 8% 797% 1.0%        -     USA
GD 87      113.56      39,433 10% 92% 2.0%    69.7   USA
LXK 88         43.24        2,741 16% 53% 2.8%      3.9   USA
ORCL 89         41.69    190,732 8% 481% 1.2%    21.2   USA
SNDK 90         90.99      21,375 9% 139% 1.0%      3.1   USA
MO 91         40.69      80,810 8% 383% 4.6%        -     USA
CHKE 92         13.52            114 8% 215% 2.6%        -     USA
MONT 93         19.42            566 8% 332% #N/A #N/A   China
ITRN 94         24.59            516 9% 108% 3.0%      6.8   Israel
MGIC 95           7.79            310 9% 138% 2.7%      7.2   Israel
FF 96         16.35            709 16% 50% 2.8%      2.2   USA
DHX 97           6.98            387 8% 232% 0.0%        -     USA
HRS 98         75.24        8,081 10% 74% 2.2%        -     USA
FLR 99         73.22      11,888 10% 85% 0.9%      3.2   USA
OMC 100         67.28      17,587 8% 241% 2.4%        -     USA
CLCT 101         19.93            165 8% 448% 6.5%    10.8   USA
TWX 102         68.89      62,731 9% 117% 1.7%        -     USA
CNVR 103         24.47        1,682 10% 75% 0.0%    17.4   USA
JCOM 104         46.80        2,189 8% 441% 2.2%        -     USA
CF 105      240.74      13,217 15% 49% 1.4%      4.7   USA
KLAC 106         63.15      10,609 10% 82% 2.9%      3.2   USA
CRWN 107           3.47        1,248 9% 104% 0.0%        -     USA
RAI 108         57.33      30,894 8% 253% 4.5%        -     USA
CODI 109         17.62            851 12% 53% 8.2%        -     USA
GNC 110         37.86        3,547 10% 70% 1.6%        -     USA
EXLS 111         28.95            968 9% 85% 0.0%      3.7   USA
PRGS 112         21.34        1,113 8% 127% 0.0%      3.8   USA
ERIC 113         12.40      40,474 10% 60% 2.4%      2.7   Sweden
IGT 114         12.41        3,085 10% 61% 3.3%        -     USA
LMT 115      162.10      52,699 9% 106% 3.1%        -     USA
STX 116         51.19      17,302 10% 67% 3.3%      9.0   Ireland
WDC 117         85.91      20,790 11% 58% 1.3%      3.6   USA
EGL 118         38.93            697 10% 68% 0.0%        -     USA
QLGC 119           9.79            851 11% 53% 0.0%      1.4   USA
FENG 120           9.24            718 9% 94% 0.0%      2.7   China
DGX 121         57.90        8,396 9% 88% 2.1%        -     USA
YONG 122           7.02            356 73% 41% 0.0%      0.6   China
OUTR 123         69.41        1,720 11% 56% 0.0%        -     USA
CTG 124         15.37            255 11% 54% 1.4%      3.7   USA
ACN 125         79.53      55,131 8% 494% 2.3%    17.8   Ireland
TUP 126         83.80        4,282 8% 140% 3.0%        -     USA
CATO 127         30.52            878 13% 45% 1.5%      2.3   USA
PM 128         85.77    135,774 8% 134% 4.3%        -     USA
CXDC 129           8.50            407 43% 40% 0.0%      1.0   China
ROST 130         69.53      14,822 9% 70% 1.0%      7.5   USA
MD 131         57.32        5,772 8% 186% 0.0%        -     USA
IBM 132      187.06    194,879 9% 87% 2.1%        -     USA
DATE 133           5.31            162 10% 54% 4.5%      2.0   China
TRW 134         79.39        9,511 12% 45% 0.0%      4.5   USA
CSC 135         60.90        9,089 12% 46% 1.3%      9.5   USA
CSGS 136         25.24            859 10% 65% 2.4%    20.7   USA
DPS 137         57.21      11,413 8% 90% 2.7%        -     USA
SAP 138         75.81      90,669 8% 278% 1.1% #####   Germany
PETM 139         64.97        6,691 10% 55% 1.2%      6.4   USA
CACI 140         71.56        1,859 9% 78% 0.0%        -     USA
WHR 141      145.98      11,591 11% 47% 1.8%      6.7   USA
BBSI 142         44.10            316 8% 104% 1.4%    15.6   USA
BBY 143         25.49        8,988 14% 41% 2.7%      2.6   USA
KLIC 144         13.83        1,065 13% 42% 0.0%      1.6   USA
MDP 145         44.62        2,025 8% 103% 3.7%        -     USA
PLOW 146         17.26            382 9% 59% 4.9%        -     USA
LH 147         99.34        8,603 8% 82% 0.0%        -     USA
LNN 148         84.29        1,091 10% 52% 0.9%      3.4   USA
REGI 149         10.30            397 34% 37% 0.0%      0.8   USA
ANIK 150         45.37            703 8% 91% 0.0%      5.2   USA
PPC 151         24.54        6,367 12% 43% 0.0%      4.1   USA
MHFI 152         77.98      21,616 7% 645% 1.5%        -     USA
MAN 153         79.83        6,482 10% 52% 1.2%      4.1   USA
UEPS 154         10.24            463 15% 39% 0.0%      3.4   South Africa
SAVE 155         54.22        3,972 8% 110% 0.0%      4.9   USA
TJX 156         58.56      42,133 8% 89% 1.0%    10.9   USA
JOY 157         59.17        6,075 12% 42% 1.2%      6.5   USA
HSNI 158         54.64        2,960 9% 65% 1.6%    10.8   USA
KFY 159         29.26        1,439 8% 154% 0.0%      3.5   USA
AMSWA 160           9.29            262 7% 383% 3.2%      4.0   USA
MDT 161         60.39      60,994 8% 78% 1.9%      9.5   USA
CO 162           4.34            317 19% 36% 0.0%      1.5   Hong Kong
GGB 163           6.45        7,441 36% 35% 0.6%      1.4   Brazil
PFE 164         29.12    188,581 8% 75% 3.4%        -     USA
SBH 165         26.02        4,323 9% 69% 0.0%        -     USA
CAH 166         65.75      22,815 8% 82% 1.8%    24.0   USA
MCO 167         81.37      17,779 7% 453% #N/A #N/A   USA
DSW 168         34.70        3,198 10% 53% 1.6%      3.3   USA
OSK 169         52.69        4,505 10% 46% 0.9%    11.7   USA
FOSL 170      101.90        5,538 10% 52% 0.0%      7.6   USA
MCRS 171         51.44        3,949 7% 410% 0.0%      6.0   USA
MBT 172         17.45      17,354 13% 37% 1.6%    13.9   Russia
NTAP 173         33.72      11,672 9% 68% 1.8%      4.0   USA
LEA 174         84.56        6,998 12% 40% 0.8%      2.9   USA
USPH 175         30.69            373 8% 95% 1.4%        -     USA
WSTC 176         24.71        2,106 10% 53% #N/A #N/A   USA
HON 177         91.20      72,632 8% 75% 1.9%    29.1   USA
PLT 178         43.56        1,860 9% 55% 1.0%      2.8   USA
CBD 179         46.46        7,655 16% 36% 0.9%      6.8   Brazil
GNTX 180         28.79        4,224 8% 95% 2.0%      6.1   USA
RIOM 181           1.95            347 28% 34% 0.0%      1.3   Canada
HURN 182         65.88        1,521 8% 78% 0.0% #####   USA
PBH 183         33.25        1,746 7% 257% 0.9%        -     USA
NVMI 184         10.47            292 9% 64% 0.0%      2.1   Israel
FL 185         49.00        7,272 10% 46% 1.7%      3.3   USA
PIR 186         17.74        1,828 10% 46% 1.2%      4.1   USA
CPSI 187         62.79            701 8% 106% 3.4%      9.8   USA
MMS 188         42.86        2,970 8% 98% 0.4%      9.3   USA
DLB 189         39.27        4,081 8% 88% 0.0%      3.1   USA
BOLT 190         16.91            147 11% 44% 2.0%      3.0   USA
EGY 191           6.80            387 19% 34% 0.0%      1.6   USA
PCP 192      240.21      35,167 8% 111% 0.1%    32.5   USA
CBS 193         57.03      34,218 8% 92% 0.8%        -     USA
RLGT 194           3.09            113 8% 116% 0.0%        -     USA
MENT 195         20.45        2,403 8% 67% 0.9%      3.9   USA
RECN 196         12.49            489 9% 54% 2.2%      2.8   USA
SGU 197           6.50            374 15% 35% 5.2%        -     USA
GEOS 198         49.24            640 16% 34% #N/A #N/A   USA
SAFM 199         84.98        1,906 14% 35% 0.9%      2.8   USA
IPG 200         17.80        7,526 7% 125% 1.8%        -     USA

The price to tangible book (in my opinion) is interesting.  Note that some pretty highly rated stocks such as PDLI and CALL actually have a "-", meaning they have a book value below 0.    Always double check these figures before you make decisions.

Here is the Cross Reference List.  After a couple of runs where I had a few mis-matches, this one looks actually better than the official list! I think #97 (NDZ) is the highest, and a "50" would be perfect. 97 is a bit higher than I'd like to see on my list.  MBUU is a recent IPO and is not yet showing up in my Finwiz list.  I do find thrm VERY interesting and will dig further as I think they may be a screaming buy.  PTIE, after a couple runs where it did not show, has finally made the dance.  GIB for some reason is not getting any data from Fidelity, likely a timing issue, they may have just reported earnings.

Ticker Mkt Cap Date My Ranking Price EY ROIC
APOL 3,251.86 16-May 19         29.00 18% 119%
AAPL 514,901.20 16-May 37      597.51 10% 333%
AGX 410.15 16-May 3         28.71 22% 1468%
BWC 3,528.64 16-May 57         31.96 15% 69%
BCOR 781.60 16-May 17         18.52 11% 492%
BAH 3,564.49 16-May 50         24.67 10% 194%
BRCD 3,701.01 16-May 75           8.47 10% 80%
BKE 2,296.44 16-May 32         47.51 12% 123%
CA 12,726.61 16-May 24         28.99 10% 441%
GIB 10,375.59 16-May #N/A #N/A #N/A #N/A
CHE 1,544.23 16-May 68         88.54 9% 154%
CRUS 1,381.80 16-May 54         22.21 14% 77%
CSCO 124,287.00 16-May 20         24.37 11% 332%
COH 11,654.41 16-May 33         41.99 13% 118%
DLX 2,732.35 16-May 30         54.60 10% 345%
DHX 370.67 16-May 97           6.98 8% 232%
DNB 3,829.50 16-May 53      103.50 9% 1213%
EBIX 648.31 16-May 26         16.89 10% 610%
GME 4,176.17 16-May 29         36.22 14% 118%
HLF 6,250.21 16-May 18         61.70 12% 238%
ONE 195.92 16-May 58           4.15 13% 75%
IQNT 462.75 16-May 39         14.29 13% 100%
ESI 597.57 16-May 28         25.57 30% 100%
KING 5,117.65 16-May 5         16.25 18% 4351%
LQDT 448.93 16-May 8         13.91 17% 437%
MBUU 218.12 16-May #N/A #N/A #N/A #N/A
MED 384.64 16-May 65         29.29 11% 86%
MSFT 328,995.80 16-May 44         39.83 10% 232%
NSR 1,641.95 16-May 21         26.74 14% 142%
NDZ 765.08 16-May 80         12.36 11% 75%
NOC 25,560.03 16-May 43      118.88 11% 115%
NUS 4,432.67 16-May 34         75.13 13% 108%
PTIE 209.33 16-May 4           4.59 18% 37295%
PDLI 1,533.81 16-May 1           8.84 26% ########
PFMT 423.03 16-May 10           8.73 17% 296%
PETS 269.54 16-May 55         13.35 12% 84%
QCOR 5,490.95 16-May 31         90.02 10% 1624%
RTN 29,799.84 16-May 51         95.39 10% 160%
SAIC 1,817.41 16-May 48         37.09 12% 97%
SWHC 837.51 16-May 41         15.25 17% 82%
STRZA 3,234.87 16-May 64         29.65 10% 119%
STRA 623.47 16-May 38         57.50 14% 92%
RGR 1,267.92 16-May 23         65.36 14% 125%
SPRT 126.98 16-May 9           2.21 21% 254%
SYNT 3,295.46 16-May 56         78.92 10% 123%
TTWO 1,937.62 16-May 2         19.09 45% 1045%
TZOO 278.85 16-May 59         18.74 9% 226%
USNA 958.83 16-May 15         69.05 14% 204%
VGR 1,958.50 16-May 52         19.64 9% 247%
WINA 345.57 16-May 77         67.18 8% 315%

Late note - I manually input MBUU and it came in #22.  I would strongly suggest this is a stock worthy of a closer look.  Recall, I owned them as a "IPO" pick earlier this year.  They looked to be growing nicely.  I saw they just reported earnings and they sold off.  Please do your own due diligence. Actually, an addendum to my addendum. I think they should NOT be on the list (IPOs can often be squirrely.  Here is an excerpt from their 10Q:

Non-controlling interest represents the ownership interests of the other members of the LLC after the Recapitalization and IPO. The non-controlling interest was 50.7% following the IPO through March 31, 2014. The amount of non-controlling interest is computed by multiplying pre-tax loss during this period by the percentage ownership in the LLC not directly attributable to us, or 50.7%. All of the pre-tax income for the three months ended March 31, 2013 was attributed to the non-controlling interest. 

So you can see that post the IPO, there is still a non controlling interest of 50.7%.  In all the data coming through to my worksheet (and I assume the official MFI sheet), this does not appear to be accounted for properly (50% of the income should be removed).  So I believe the earnings yield is 5.8%, not 11.6% - which makes this an uninteresting stock from an MFI view.

4 comments:

david hibbits said...

Marsh,
Glad to find you after a long absence from Yahoo Groups. You always sounded like the smartest kid in that room. Also, the shirt you're wearing in your profile is the same that my childhood best friend wore He was the smartest kid in the room (in the whole county, actually).
Consider yourself bookmarked,
David H.

Marsh_Gerda said...

Dave - funny stuff. Thanks for the comment.

Brian Block said...

Marsh,

USMO & KRFT aren't on the official list, but they still rank high on your list. Any ideas why they're not on the official list?

Also, if I wore the shirt you're wearing in your profile pic, will that make me smarter?

Marsh_Gerda said...

Brian (or should I call you Brain),

This is a very active time of year for the compustat data bases to be updated as we are right in the midst of earning season. So it is not uncommon for my database to be out of sync for a week or so on a few stocks purely due to timing. I may have the most recent quarter, mfi May not or vica versa. Also sometimes data comes through as na during the interim just post earnings. It works itself out. These are of course just my guesses.

Looking at those two stocks, USMO reported 4/30. They should clearly be on the list looking at their numbers. KRFT also came out May 1st. I have always felt they should not be on list as they count gains in their pension fund from 2013 bull market in operating earnings. Maybe mfi has adjusted them for that.