1
Moncler S.p.A.
MONC · MI
Moncler S.p.A.: Luxury-Grade 29% Margins and EUR 1.11bn of Net Cash, but Only 38-40% of Revenue Lands in H1 and EUR 44.69 Sits 31% Above the EUR 34 Ideal Buy Ceiling 14. September 2026 Hold
49 /100
Eher schwach
— 14. September 2026
2
AJ Bell plc
AJB · LSE
AJ Bell: Reconstructed FY2025 Client-Cash Interest of £136.5m Nearly Equals £137.8m Group PBT, H1 Revenue Margin Expanded to 33.4 Basis Points Instead of Compressing, and £6.18 Leaves No Margin of Safety 16. August 2026 Hold
49 /100
Eher schwach
97/100 16. August 2026
3
Watsco, Inc.
WSO · USA
Watsco: Q2 Gross Margin Fell 180 Basis Points but 130 of Them Were Last Year's A2L-Transition Pricing Benefit, and a $13.20 Dividend Now Exceeds Trailing EPS 15. August 2026 Hold
49 /100
Eher schwach
87/100 15. August 2026
4
Zymeworks Inc.
ZYME · USA
Zymeworks: The Molecule Is Proven, the Allocator Is Not 29. Juli 2026 Hold
49 /100
Eher schwach
— 29. Juli 2026
5
Rheinmetall AG
RHM · XETRA
Rheinmetall: Respect Without Urgency for a Re-Rated Defence Prime 23. Juli 2026 Hold
49 /100
Eher schwach
63/100 23. Juli 2026
6
Saab AB (publ)
SAAB-B · ST
Saab: Europe's Sovereign Defense Franchise Is Real, but the Margin of Safety Is Gone 10. Juli 2026 Hold
49 /100
Eher schwach
58/100 10. Juli 2026
7
Bentley Systems, Incorporated
BSY · USA
Bentley Systems: Durable Infrastructure Compounder, Thin Margin of Safety 28. Juni 2026 Hold
49 /100
Eher schwach
85/100 28. Juni 2026
8
XtalPi Holdings Limited
2228 · Hongkong
XtalPi Holdings: An AI-for-Science Platform Climbing from Fee-for-Service Work to Milestone Economics, Still Priced Ahead of Proof 24. Juni 2026 Hold
49 /100
Eher schwach
— 24. Juni 2026
9
Merck KGaA, Darmstadt, Deutschland
MRK · XETRA
Merck KGaA: Eine diversifizierte Wissenschaftsplattform im Übergang 19. Juni 2026 Halten
49 /100
Eher schwach
— 19. Juni 2026
10
Everpure, Inc. (formerly Pure Storage, Inc.)
PSTG · USA
Pure Storage: An All-Flash Foundation and the Hyperscaler Narrative 14. Juni 2026 Hold
49 /100
Eher schwach
51/100 15. Juni 2026
11
Gartner, Inc.
IT · USA
Gartner Long-Term Value Investment Research 31. Mai 2026 Cautious Buy
49 /100
Eher schwach
66/100 10. Juni 2026
12
Wheaton Precious Metals Corp.
WPM · USA
Wheaton Precious Metals In-Depth Research 31. Mai 2026 Hold
49 /100
Eher schwach
45/100 10. Juni 2026
13
Stryker Corporation
SYK · USA
Stryker In-Depth Value Investment Research 25. Mai 2026 Watch
49 /100
Eher schwach
83/100 11. Juni 2026
14
Copart, Inc.
CPRT · USA
Copart Deep Value Investment Analysis 21. Mai 2026 Watch
49 /100
Eher schwach
91/100 10. Juni 2026
15
Compagnie Financière Richemont SA
CFR · SW
Compagnie Financière Richemont SA: Jewellery Earns EUR 5.04bn of Operating Profit While Watchmakers Earn EUR 107m, and CHF 183.65 Sits 18% Above the Conservative Value 9. September 2026 Hold
48 /100
Eher schwach
67/100 9. September 2026
16
SoFi Technologies, Inc.
SOFI · USA
SoFi Technologies: 2.48 Times Tangible Book Prices a 20% Sustainable ROTCE Against the 9% Its Own 2026 Guidance Implies, and the Personal-Loan Book Has Never Met a Recession 7. September 2026 Hold
48 /100
Eher schwach
— 7. September 2026
17
Zhejiang Hithink RoyalFlush Information Network Co., Ltd.
300033 · Shenzhen
Hithink RoyalFlush: Advertising Supplied 78% of 2025 Incremental Revenue, and CNY230.26 Already Sits at the CNY228 Base-Case Value 15. August 2026 Hold
48 /100
Eher schwach
87/100 15. August 2026
18
Micron Technology, Inc.
MU · USA
Micron Technology Re-coverage: From Memory Cycle to Contracted AI-Memory Oligopoly? 12. August 2026 Hold
48 /100
Eher schwach
23/100 12. August 2026
19
Danaher Corporation
DHR · USA
Danaher: Orders and Peers Make the Bioprocessing Recovery Underwritable, but 3-4% Core Growth at 23 Times Earnings Leaves No Margin of Safety 6. August 2026 Hold
48 /100
Eher schwach
— 6. August 2026
20
TransUnion
TRU · USA
TransUnion: Strip Out the Zero-Margin FICO Royalty and the 12% to 13% Reported Growth Outlook Becomes 5% to 6%, While 78.62 Dollars Sits Above the Conservative Range 2. August 2026 Hold
48 /100
Eher schwach
47/100 2. August 2026
21
Hanwha Aerospace Co., Ltd.
012450 · Korea
Hanwha Aerospace: The K9 Export Franchise Is Genuine, but at 865,000 KRW the Price Still Rides on Backlog Conversion and Capital Discipline 31. Juli 2026 Hold
48 /100
Eher schwach
— 31. Juli 2026
22
Compagnie de Saint-Gobain S.A.
SGO · Paris
Saint-Gobain: A Higher Margin Floor Is Proven, but at 74.16 EUR the Price Sits Above the 64 EUR Conservative Value 29. Juli 2026 Hold
48 /100
Eher schwach
57/100 30. Juli 2026
23
Asana, Inc.
ASAN · USA
Asana: Optisch günstig, strategisch noch nicht bewiesen 20. Juni 2026 Beobachten
48 /100
Eher schwach
— 20. Juni 2026
24
Triple Flag Precious Metals Corp.
TFPM · USA
Triple Flag Precious Metals: Qualitäts-Compounder, vollständig eingepreist 20. Juni 2026 Beobachten
48 /100
Eher schwach
24/100 20. Juni 2026
25
Iridium Communications Inc.
IRDM · USA
Iridium: Eine globale Cash-Maschine mit Optionsprämie 17. Juni 2026 Halten
48 /100
Eher schwach
24/100 18. Juni 2026
26
Beijing Kingsoft Office Software, Inc.
688111 · Shanghai
Kingsoft Office In-Depth Research 14. Juni 2026 Hold
48 /100
Eher schwach
76/100 14. Juni 2026
27
Prysmian Group
PRY · MI
Prysmian Group (PRY.MI) Zen Horizon Research Report 9. Juni 2026 Watch
48 /100
Eher schwach
— 10. Juni 2026
28
Siemens AG / Siemens AG
SIE · XETRA
Siemens AG (SIE.XETRA) Zen Horizon Research Report 9. Juni 2026 Watch
48 /100
Eher schwach
63/100 10. Juni 2026
29
Cheniere Energy, Inc.
LNG · USA
Cheniere Energy Zen Horizon Framework Deep-Dive Research 8. Juni 2026 Hold
48 /100
Eher schwach
27/100 10. Juni 2026
30
Lonza Group AG
LONN · SW
Lonza Group AG (LONN.SW) Zen Horizon Research Report 8. Juni 2026 Hold
48 /100
Eher schwach
— 10. Juni 2026
31
Lattice Semiconductor Corporation
LSCC · USA
Lattice Semiconductor (LSCC.US) Zen Horizon Research Report 8. Juni 2026 Watch
48 /100
Eher schwach
— 10. Juni 2026
32
PTC Inc.
PTC · USA
PTC Deep Value Investment Research 30. Mai 2026 Watch
48 /100
Eher schwach
51/100 10. Juni 2026
33
Block, Inc.
XYZ · USA
Block Investment Research Report 27. Mai 2026 Watch
48 /100
Eher schwach
— 10. Juni 2026
34
Roper Technologies, Inc.
ROP · USA
Roper Technologies Research from a Long-Term Owner's Perspective 23. Mai 2026 Cautious Buy
48 /100
Eher schwach
66/100 11. Juni 2026
35
O'Reilly Automotive, Inc.
ORLY · USA
O'Reilly Automotive: A Long-Term Business Owner's Research Report 22. Mai 2026 Watch
48 /100
Eher schwach
88/100 10. Juni 2026
36
Kweichow Moutai Co., Ltd.
600519 · Shanghai
Kweichow Moutai: A Long-Term Business Owner's Perspective 21. Mai 2026 Watch
48 /100
Eher schwach
93/100 10. Juni 2026
37
Xiaomi Group (Xiaomi Corp.)
1810 · Hongkong
Xiaomi Group Long-Term Owner-Oriented Research 17. Mai 2026 Watch
48 /100
Eher schwach
56/100 10. Juni 2026
38
Atlas Copco AB
ATCO-A · ST
Atlas Copco AB: Q2 2026 Group Orders Grew 26% Organically at a 1.13x Book-to-Bill, and SEK 208.80 Sits 34% Above the SEK 156 Conservative Value 9. September 2026 Hold
47 /100
Eher schwach
87/100 9. September 2026
39
Sunny Optical Technology (Group) Company Limited
2382 · Hongkong
Sunny Optical: Other Products Supply a Third of Gross Profit on 18.4% of Revenue, but Handset Margin at 12.3% Leaves No Safety Margin at HKD 62.60 27. August 2026 Watch
47 /100
Eher schwach
68/100 27. August 2026
40
Alfa Laval AB (publ)
ALFA · ST
Alfa Laval: A 35% Order Surge, a 2% Profit Increase, and 29 Times Earnings 27. August 2026 Hold
47 /100
Eher schwach
74/100 29. August 2026
41
Camtek Ltd.
CAMT · USA
Camtek: Record Advanced-Packaging Orders Meet a Price That Already Discounts Them 26. August 2026 Hold
47 /100
Eher schwach
— 26. August 2026
42
NKT A/S
NKT · CO
NKT: A EUR 13bn Transmission Backlog and Rising Margins, but DKK 930 Already Pays for the 2027 Factories That Are Still Being Built 26. August 2026 Hold
47 /100
Eher schwach
45/100 26. August 2026
43
Paycom Software, Inc.
PAYC · USA
Paycom Software: Has Automation Repaired the Growth Engine, and Is That Already Priced? 7. August 2026 Hold
47 /100
Eher schwach
95/100 8. August 2026
44
Exelixis, Inc.
EXEL · USA
Exelixis: A Real Cabozantinib Cash Machine Pricing In an Unproven Second Act 16. Juli 2026 Hold
47 /100
Eher schwach
64/100 16. Juli 2026
45
Symrise AG
SY1 · XETRA
Symrise: A High-Quality Compounder Now Priced for Delivery, Not Discovery 28. Juni 2026 Hold
47 /100
Eher schwach
— 28. Juni 2026
46
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd.
6990 · Hongkong
Kelun-Biotech: A Commercializing China ADC Franchise Priced for Much of Its sac-TMT and MSD Global Success 25. Juni 2026 Hold
47 /100
Eher schwach
— 25. Juni 2026
47
Bureau Veritas SA
BVI · Paris
Bureau Veritas: Qualitäts-TIC, eingepreist auf Wiederbeschleunigung 17. Juni 2026 Halten
47 /100
Eher schwach
70/100 18. Juni 2026
48
Royal Gold, Inc.
RGLD · USA
Royal Gold Tiefenanalyse 15. Juni 2026 Halten
47 /100
Eher schwach
37/100 15. Juni 2026
49
MongoDB, Inc.
MDB · USA
MongoDB Deep Dive: A Document Database Platform Centered on Atlas 12. Juni 2026 Hold
47 /100
Eher schwach
— 13. Juni 2026
50
Novonesis A/S
NSIS-B · CO
Novonesis A/S (NSIS-B.CO) Zen Horizon Research Report 8. Juni 2026 Watch
47 /100
Eher schwach
— 10. Juni 2026
51
Samsung Biologics Co., Ltd.
207940 · Korea
Samsung Biologics (207940) Zen Horizon Framework Deep Dive: A Global CDMO Champion Newly Purified by Spin-Off, Where an Excellent Business Meets a Rich Price and Unproven BIOSECURE Upside 5. Juni 2026 Hold
47 /100
Eher schwach
27/100 10. Juni 2026
52
GoDaddy Inc.
GDDY · USA
GoDaddy Long-Term Value Investment Research 31. Mai 2026 Cautious Buy
47 /100
Eher schwach
58/100 10. Juni 2026
53
Gen Digital Inc.
GEN · USA
Gen Digital In-Depth Value Investment Research 30. Mai 2026 Watch
47 /100
Eher schwach
58/100 10. Juni 2026
54
Veralto Corporation
VLTO · USA
Veralto Corporation Deep Value Investment Research 29. Mai 2026 Watch
47 /100
Eher schwach
89/100 10. Juni 2026
55
Iron Mountain Incorporated
IRM · USA
Iron Mountain Deep Dive: A Hybrid REIT with High Retention, High Leverage, and High Capital Spending 27. Mai 2026 Watch
47 /100
Eher schwach
57/100 10. Juni 2026
56
Chubb Limited
CB · USA
Chubb Deep Value Investment Analysis 24. Mai 2026 Watch
47 /100
Eher schwach
— 11. Juni 2026
57
Cboe Global Markets, Inc.
CBOE · USA
Cboe Global Markets In-Depth Value Investment Analysis 24. Mai 2026 Watch
47 /100
Eher schwach
67/100 11. Juni 2026
58
CME Group Inc.
CME · USA
CME Group Long-Term Value Investment Analysis 24. Mai 2026 Watch
47 /100
Eher schwach
71/100 11. Juni 2026
59
Abbott Laboratories
ABT · USA
Abbott Laboratories Long-Term Value Investment Research 21. Mai 2026 Watch
47 /100
Eher schwach
71/100 10. Juni 2026
60
CoStar Group, Inc.
CSGP · USA
CoStar Group Deep Value Investment Analysis 21. Mai 2026 Watch
47 /100
Eher schwach
— 10. Juni 2026
61
Nexans S.A.
NEX · Paris
Nexans: A Subsea Margin Story the Price Has Largely Absorbed 26. August 2026 Hold
46 /100
Eher schwach
46/100 26. August 2026
62
Wärtsilä Oyj Abp
WRT1V · HE
Wärtsilä: A Record EUR 2.849 Billion Order Quarter, 57% of Sales from Service, and No Margin of Safety at EUR 29.46 24. August 2026 Hold
46 /100
Eher schwach
52/100 24. August 2026
63
Exponent, Inc.
EXPO · USA
Exponent: A PhD-Dense Expert Franchise Whose Reacceleration Is Real but Already Priced 17. August 2026 Hold
46 /100
Eher schwach
94/100 19. August 2026
64
ABB Ltd
ABBN · SW
ABB Ltd: 58% Electrification Order Growth, and a 19.5x EBITDA Test of Capital Discipline 11. August 2026 Hold
46 /100
Eher schwach
77/100 11. August 2026
65
KONE Oyj
KNEBV · HE
KONE Oyj: 1.8 Million Units of Recurring Service, and a EUR 29.4bn Bet on Scale 11. August 2026 Hold
46 /100
Eher schwach
87/100 12. August 2026
66
Qualcomm Incorporated
QCOM · USA
Qualcomm Incorporated: Mispricing, Value Trap, or Transition Discount? 7. August 2026 Hold
46 /100
Eher schwach
55/100 7. August 2026
67
Eaton Corporation plc
ETN · USA
Eaton: Record Orders and a Cleaner Post-Mobility Portfolio, but 42 Times Free Cash Flow Leaves No Conservative-Case Margin of Safety 5. August 2026 Hold
46 /100
Eher schwach
69/100 5. August 2026
68
Merck & Co., Inc.
MRK · USA
Merck & Co.: KEYTRUDA and QLEX Generated 50.4% of Second-Quarter Revenue While Subcutaneous Sales Rose to 463 Million Dollars Before the 2028 Patent Cliff 5. August 2026 Hold
46 /100
Eher schwach
71/100 5. August 2026
69
L’Oréal S.A.
OR · Paris
L’Oréal: Record First-Half Margins and a Broad-Based Recovery, but 30 Times Earnings Already Prices In the China and Gucci Upside 5. August 2026 Hold
46 /100
Eher schwach
88/100 5. August 2026
70
BAE Systems plc
BA · LSE
BAE Systems: The Portfolio Moat Is Genuine, but at 20.27 GBP the Rerating Has Already Outrun Earnings Growth 30. Juli 2026 Hold
46 /100
Eher schwach
82/100 30. Juli 2026
71
SS&C Technologies Holdings, Inc.
SSNC · USA
SS&C Technologies: A Sticky Cash Engine, Not Yet Cheap Enough 18. Juli 2026 Hold
46 /100
Eher schwach
57/100 18. Juli 2026
72
Jazz Pharmaceuticals plc
JAZZ · USA
Jazz Pharmaceuticals: A Fair Price for an Unfinished Second Act 15. Juli 2026 Hold
46 /100
Eher schwach
— 15. Juli 2026
73
Thales S.A.
HO · Paris
Thales: A Genuine Defence-Electronics Quality Compounder, Priced Like the Best Case Is Already Locked In 7. Juli 2026 Hold
46 /100
Eher schwach
77/100 7. Juli 2026
74
FUJIFILM Holdings Corporation
4901 · TSE
FUJIFILM Holdings: A Proven Reinventor Now Tested on Returns, Not Survival 28. Juni 2026 Hold
46 /100
Eher schwach
— 28. Juni 2026
75
ALS Limited
ALQ · AU
ALS Limited: Ein hochwertiger Compounder mit zyklischem Beiwagen 18. Juni 2026 Halten
46 /100
Eher schwach
— 19. Juni 2026
76
Airbus SE
AIR · Paris
Airbus SE Tiefgehende Analyse 15. Juni 2026 Halten
46 /100
Eher schwach
58/100 15. Juni 2026
77
King Yuan Electronics Co., Ltd.
2449 · Taiwan
KYEC Deep-Dive Research 14. Juni 2026 Hold
46 /100
Eher schwach
54/100 14. Juni 2026
78
Hygon Information Technology Co., Ltd.
688041 · Shanghai
Hygon Information In-Depth Research 11. Juni 2026 Hold
46 /100
Eher schwach
28/100 11. Juni 2026
79
Mitsubishi Heavy Industries, Ltd.
7011 · TSE
Mitsubishi Heavy Industries (7011.TSE) Zen Horizon Deep-Dive Report 9. Juni 2026 Watch
46 /100
Eher schwach
— 10. Juni 2026
80
Subsea 7 S.A.
SUBC · OL
Subsea 7 (SUBC.OL) Zen Horizon Research Report 9. Juni 2026 Watch
46 /100
Eher schwach
32/100 10. Juni 2026
81
Novartis AG
NVS · USA
Novartis (NVS) Zen Horizon Research Report 8. Juni 2026 Hold
46 /100
Eher schwach
78/100 10. Juni 2026
82
nVent Electric plc
NVT · USA
nVent Electric (NVT) Zen Horizon Research Report 8. Juni 2026 Hold
46 /100
Eher schwach
48/100 10. Juni 2026
83
Ambarella, Inc.
AMBA · USA
Ambarella Zen Horizon Framework Deep-Dive Research 6. Juni 2026 Watch
46 /100
Eher schwach
— 10. Juni 2026
84
SiTime Corporation
SITM · USA
SiTime (SITM) Zen Horizon Research Report 5. Juni 2026 Watch
46 /100
Eher schwach
— 10. Juni 2026
85
Equifax Inc.
EFX · USA
Equifax Inc. Deep Value Investment Research Report 29. Mai 2026 Watch
46 /100
Eher schwach
43/100 10. Juni 2026
86
HCA Healthcare, Inc.
HCA · USA
HCA Healthcare: A Long-Term Owner's View 26. Mai 2026 Watch
46 /100
Eher schwach
75/100 11. Juni 2026
87
International Business Machines Corporation
IBM · USA
IBM Long-Term Owner's Perspective Research 25. Mai 2026 Watch
46 /100
Eher schwach
71/100 10. Juni 2026
88
Coinbase Global, Inc.
COIN · USA
Long-Term Value Investment Analysis of Coinbase 24. Mai 2026 Watch
46 /100
Eher schwach
— 11. Juni 2026
89
Verisk Analytics, Inc.
VRSK · USA
Verisk Analytics Research from a Long-Term Owner's Perspective 23. Mai 2026 Watch
46 /100
Eher schwach
79/100 10. Juni 2026
90
Hongfa Technology Co., Ltd.
600885 · Shanghai
Hongfa Technology: 3.464bn Relays, a 32% Top Line That Yielded CNY 114m of Cash, and CNY 34.73 at the Hold-Band Floor 16. September 2026 Hold
45 /100
Eher schwach
79/100 16. September 2026
91
ANDRITZ AG
ANDR · VI
ANDRITZ: Service Reached 46% of Revenue, but the Record Backlog Is Hydro-Heavy and Margin-Dilutive 19. August 2026 Hold
45 /100
Eher schwach
81/100 19. August 2026
92
NewMarket Corporation
NEU · USA
NewMarket Corporation: The Cash Cow, the Rocket-Propellant Option, and What the Market Now Prices 19. August 2026 Hold
45 /100
Eher schwach
82/100 19. August 2026
93
ASMPT Limited
0522 · Hongkong
ASMPT: Record Bookings and a Real TCB Inflection, but at 135.10 HKD There Is No Conservative-Case Margin of Safety 31. Juli 2026 Hold
45 /100
Eher schwach
— 31. Juli 2026
94
Tianshui Huatian Technology Co., Ltd.
002185 · Shenzhen
Tianshui Huatian: A Transition Story the Market Is Already Paying For 23. Juli 2026 Hold
45 /100
Eher schwach
— 23. Juli 2026
95
Luxshare Precision Industry Co., Ltd.
002475 · Shenzhen
Luxshare Precision: A Good Company, but Only a Fair Price 21. Juli 2026 Hold
45 /100
Eher schwach
64/100 21. Juli 2026
96
Daiichi Sankyo Company, Limited
4568 · TSE
Daiichi Sankyo: A World-Class ADC Franchise, Priced as If the Supply Crisis Is Already Resolved 21. Juli 2026 Hold
45 /100
Eher schwach
— 21. Juli 2026
97
BioMarin Pharmaceutical Inc.
BMRN · USA
BioMarin Pharmaceutical: A Rare-Disease Cash Engine in Transition 29. Juni 2026 Hold
45 /100
Eher schwach
— 29. Juni 2026
98
TAL Education Group
TAL · USA
TAL Education Group: Ein liquiditätsstarker Neuaufbau mit offener Hardware-Frage 18. Juni 2026 Halten
45 /100
Eher schwach
40/100 19. Juni 2026
99
Intertek Group plc
ITRK · LSE
Intertek: Qualitäts-Compounder im Übernahmeangebot 17. Juni 2026 Halten
45 /100
Eher schwach
75/100 18. Juni 2026
100
Viasat, Inc.
VSAT · USA
Viasat Satellitenkommunikation Deep-Dive 15. Juni 2026 Halten
45 /100
Eher schwach
— 15. Juni 2026