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TMFAleph1 (95.32)

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June 11, 2012 – Comments (6) | RELATED TICKERS: EWH , EWHS , CHU

The Real Returns Report, June 11, 2012

6 Comments – Post Your Own

#1) On June 11, 2012 at 6:38 PM, Mega (99.97) wrote:

http://mystocksinvesting.com/stock-market-indices-pe-ratio/global-stock-market-indices-pe-ratio-at-a-glance-2-may-2012/

Singapore as well.

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#2) On June 11, 2012 at 7:02 PM, TMFAleph1 (95.32) wrote:

Thanks for the heads-up, MegaShort. P/Es based on single-year earnings aren't always great indicators of value, but when they're in single digits, they're usually a good place to start looking! I've been looking for long-term historical data (fundamental data, in particular) for the Straits Index without much success. Any suggestions are welcome.

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#3) On June 11, 2012 at 9:29 PM, portefeuille (99.66) wrote:

http://mystocksinvesting.com/stock-market-indices-pe-ratio/global-stock-market-indices-pe-ratio-at-a-glance-2-may-2012/

a reasonably defined "current p/e of the DAX" is much lower than 14.16.

http://de.wikipedia.org/wiki/DAX#Zusammensetzung

name - price (EUR) - eps_2013_est (EUR) - dividend_2013_est (EUR)

Siemens - 65.07 - 7.16 - 3.20

BASF - 55.83 - 6.50 - 2.70

SAP - 46.215 - 3.50 - 0.95

Bayer - 50.06 - 5.71 - 1.94

Allianz - 72.64 - 11.81 - 5.00

E.ON - 14.33 - 1.80 - 1.10

Daimler - 35.225 - 5.89 - 2.41

Deutsche Telekom - 7.873 - 0.66 - 0.70

Deutsche Bank - 28.385 - 5.53 - 0.75

...

Using current consensus earnings estimates and the current weights of the DAX p/e_2013 is around 10.5 and p/e_2012 is around 11 (guessing).

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#4) On June 11, 2012 at 9:36 PM, portefeuille (99.66) wrote:

#3 also see the "World's Most Reputable Companies 2012" list.

#1 BMW
...
#4 Daimler (Mercedes-Benz)
...
#8 Volkswagen
...
#11 Adidas
...
#44 Lufthansa
#45 Siemens
#46 Bayer
...

 

So you can currently buy shares quite a few "pretty reputable" German companies with p/e of under 10 and dividend yield above 3% ...

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#5) On June 11, 2012 at 10:02 PM, portefeuille (99.66) wrote:

quite

of quite

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#6) On June 11, 2012 at 10:59 PM, TMFAleph1 (95.32) wrote:

It's certainly conceivable that the DAX Index offers excellent value also. Unfortunately, I don't yet have the fundamental data necessary to calculate a P/E for the DAX based on normalized earnings. Still, I think German blue-chips -- and European blue-chips, more broadly -- are certainly worth a look right now.

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