| 1 |
Sandvik AB
SAND · ST
|
$48B |
79/100
Forte
|
16.8%low 12.6% |
10 yr+ |
0.3× |
40% |
— |
FY2025 |
| 2 |
VAT Group AG
VACN · SW
|
$23B |
79/100
Forte
|
25.0%low 13.2% |
10 yr+ |
0.1× |
48% |
— |
FY2025 |
| 3 |
Partners Group Holding AG
PGHN · SW
|
$22B |
79/100
Forte
|
42.6%low 35.4% |
10 yr+ |
1.0× |
71% |
— |
FY2025 |
| 4 |
Amundi SA
AMUN · Paris
|
$21B |
79/100
Forte
|
15.3%low 8.3% |
10 yr+ |
Net cash |
54% |
— |
FY2025 |
| 5 |
Pandora A/S
PNDORA · CO
|
$9.4B |
79/100
Forte
|
56.2%low 26.2% |
10 yr+ |
3.4× |
76% |
— |
FY2025 |
| 6 |
HEXPOL AB (publ)
HPOL-B · ST
|
$3.3B |
79/100
Forte
|
17.4%low 13.9% |
10 yr+ |
0.2× |
21% |
— |
FY2025 |
| 7 |
Dunelm Group PLC
DNLM · LSE
|
$2.3B |
79/100
Forte
|
56.5%low 45.8% |
10 yr+ |
2.9× |
48% |
— |
FY2025 |
| 8 |
Novartis AG
NOVN · SW
|
$306B |
78/100
Forte
|
20.9%low 9.0% |
10 yr+ |
0.6× |
71% |
— |
FY2025 |
| 9 |
Rio Tinto PLC
RIO · LSE
|
$148B |
78/100
Forte
|
22.4%low 11.8% |
10 yr+ |
0.2× |
61% |
— |
FY2025 |
| 10 |
Swisscom AG
SCMN · SW
|
$41B |
78/100
Forte
|
16.8%low 10.4% |
10 yr+ |
0.2× |
80% |
— |
FY2025 |
| 11 |
Next PLC
NXT · LSE
|
$22B |
78/100
Forte
|
55.5%low 43.4% |
10 yr+ |
1.0× |
40% |
— |
FY2026 |
| 12 |
Jeronimo Martins SGPS SA
JMT · LS
|
$12B |
78/100
Forte
|
22.6%low 15.5% |
10 yr+ |
— |
21% |
— |
FY2025 |
| 13 |
Softcat plc
SCT · LSE
|
$4.8B |
78/100
Forte
|
48.1%low 38.0% |
10 yr+ |
Net cash |
28% |
— |
FY2025 |
| 14 |
Alpha Group International plc
ALPH · LSE
|
$2.3B |
78/100
Forte
|
30.6%low 14.3% |
10 yr+ |
Net cash |
78% |
— |
FY2024 |
| 15 |
Bytes Technology Ltd
BYIT · LSE
|
$1.2B |
78/100
Forte
|
54.3%low 35.9% |
10 yr+ |
Net cash |
54% |
— |
FY2026 |
| 16 |
ABB Ltd
ABBN · SW
|
$183B |
77/100
Forte
|
21.9%low 8.1% |
10 yr+ |
0.2× |
33% |
— |
FY2025 |
| 17 |
Thales S.A.
HO · Paris
|
$55B |
77/100
Forte
|
16.8%low 9.5% |
10 yr+ |
0.2× |
25% |
— |
FY2025 |
| 18 |
Biomerieux SA
BIM · Paris
|
$8.8B |
77/100
Forte
|
12.8%low 9.5% |
10 yr+ |
Net cash |
55% |
— |
FY2025 |
| 19 |
Imperial Brands PLC
IMB · LSE
|
$28B |
76/100
Forte
|
31.7%low 11.9% |
10 yr+ |
1.8× |
20% |
— |
FY2025 |
| 20 |
Beiersdorf Aktiengesellschaft
BEI · XETRA
|
$18B |
76/100
Forte
|
11.2%low 8.8% |
10 yr+ |
Net cash |
58% |
— |
FY2025 |
| 21 |
Bunzl PLC
BNZL · LSE
|
$11B |
76/100
Forte
|
19.3%low 16.5% |
10 yr+ |
0.8× |
20% |
— |
FY2025 |
| 22 |
Eckert & Ziegler Strahlen- und Medizintechnik AG
EUZ · XETRA
|
$1.0B |
76/100
Forte
|
14.4%low 9.1% |
10 yr+ |
Net cash |
48% |
— |
FY2025 |
| 23 |
Deutsche Post AG
DHL · XETRA
|
$70B |
75/100
Forte
|
19.6%low 14.0% |
10 yr+ |
0.9× |
11% |
— |
FY2025 |
| 24 |
Siemens Healthineers AG
SHL · XETRA
|
$45B |
75/100
Forte
|
19.1%low 8.3% |
10 yr+ |
0.7× |
39% |
— |
FY2025 |
| 25 |
Coca Cola HBC AG
CCH · LSE
|
$23B |
75/100
Forte
|
17.5%low 12.0% |
10 yr+ |
0.3× |
37% |
— |
FY2025 |
| 26 |
Intertek Group PLC
ITRK · LSE
|
$11B |
75/100
Forte
|
30.4%low 22.5% |
10 yr+ |
1.2× |
32% |
Intertek: um compounder de qualidade sob uma oferta de aquisição17 de junho de 2026 · Manter |
FY2025 |
| 27 |
Orkla ASA
ORK · OL
|
$11B |
75/100
Forte
|
14.3%low 9.8% |
10 yr+ |
0.3× |
50% |
— |
FY2025 |
| 28 |
A.G.Barr PLC
BAG · LSE
|
$909M |
75/100
Forte
|
14.1%low 8.3% |
10 yr+ |
Net cash |
42% |
— |
FY2026 |
| 29 |
Alfa Laval AB
ALFA · ST
|
$25B |
74/100
Forte
|
15.9%low 11.4% |
10 yr+ |
0.3× |
34% |
— |
FY2025 |
| 30 |
SGS SA
SGSN · SW
|
$24B |
74/100
Forte
|
48.5%low 30.6% |
10 yr+ |
3.3× |
48% |
SGS: compounder de TIC de alta qualidade negociada ao valor justo17 de junho de 2026 · Manter |
FY2025 |
| 31 |
Skanska AB (publ)
SKA-B · ST
|
$12B |
74/100
Forte
|
15.3%low 8.9% |
10 yr+ |
Net cash |
9% |
— |
FY2025 |
| 32 |
CD PROJEKT SA
CDR · WAR
|
$6.8B |
74/100
Forte
|
21.5%low 10.9% |
10 yr+ |
Net cash |
76% |
— |
FY2025 |
| 33 |
JD Sports Fashion PLC
JD · LSE
|
$5.4B |
74/100
Forte
|
20.6%low 6.7% |
10 yr+ |
0.9× |
48% |
— |
FY2026 |
| 34 |
ITV PLC
ITV · LSE
|
$3.5B |
74/100
Forte
|
35.3%low 11.8% |
10 yr+ |
0.3× |
19% |
— |
FY2025 |
| 35 |
Hill & Smith Holdings PLC
HILS · LSE
|
$2.9B |
74/100
Forte
|
14.9%low 7.5% |
10 yr+ |
0.1× |
38% |
— |
FY2025 |
| 36 |
4Imprint Group Plc
FOUR · LSE
|
$1.5B |
74/100
Forte
|
50.9%low 4.7% |
10 yr+ |
Net cash |
29% |
— |
FY2025 |
| 37 |
Telecom Plus PLC
TEP · LSE
|
$858M |
74/100
Forte
|
20.9%low 11.8% |
10 yr+ |
0.5× |
18% |
— |
FY2026 |
| 38 |
Bechtle AG
BC8 · XETRA
|
$4.9B |
73/100
Forte
|
15.1%low 11.2% |
10 yr+ |
0.1× |
16% |
— |
FY2025 |
| 39 |
Prosus N.V.
PRX · Amsterdã
|
$92B |
72/100
Forte
|
23.9%low 13.0% |
10 yr+ |
0.1× |
37% |
— |
FY2026 |
| 40 |
ACS Actividades de Construccion y Servicios SA
ACS · MC
|
$32B |
72/100
Forte
|
20.8%low 12.0% |
10 yr+ |
0.4× |
30% |
— |
FY2025 |
| 41 |
AB Volvo (publ)
VOLV-B · ST
|
$79B |
71/100
Forte
|
20.9%low 13.3% |
10 yr+ |
1.0× |
24% |
— |
FY2025 |
| 42 |
UCB SA
UCB · BR
|
$45B |
71/100
Forte
|
10.2%low 3.8% |
10 yr+ |
Net cash |
71% |
— |
FY2025 |
| 43 |
Telenor ASA
TEL · OL
|
$20B |
71/100
Forte
|
25.4%low 5.6% |
10 yr+ |
1.1× |
75% |
— |
FY2025 |
| 44 |
Genmab A/S
GMAB · CO
|
$18B |
71/100
Forte
|
18.6%low 13.3% |
10 yr+ |
0.7× |
99% |
— |
FY2025 |
| 45 |
Britvic PLC
BVIC · LSE
|
$4.2B |
71/100
Forte
|
31.9%low 19.5% |
10 yr+ |
2.0× |
45% |
— |
FY2024 |
| 46 |
B&M European Value Retail SA
BME · LSE
|
$2.8B |
71/100
Forte
|
29.4%low 8.3% |
10 yr+ |
2.6× |
36% |
— |
FY2026 |
| 47 |
Capgemini SE
CAP · Paris
|
$18B |
70/100
Forte
|
13.3%low 9.8% |
10 yr+ |
0.6× |
26% |
— |
FY2025 |
| 48 |
Kerry Group
KRZ · IR
|
$14B |
70/100
Forte
|
12.8%low 9.7% |
10 yr+ |
0.4× |
47% |
— |
FY2025 |
| 49 |
Bureau Veritas SA
BVI · Paris
|
$13B |
70/100
Forte
|
27.2%low 10.1% |
10 yr+ |
1.0× |
30% |
Bureau Veritas: TIC de qualidade, precificada para reaceleração17 de junho de 2026 · Manter |
FY2025 |
| 50 |
Balfour Beatty plc
BBY · LSE
|
$5.3B |
70/100
Forte
|
12.8%low 2.2% |
10 yr+ |
Net cash |
5% |
— |
FY2025 |
| 51 |
Valmet Oyj
VALMT · HE
|
$5.2B |
70/100
Forte
|
15.0%low 9.3% |
10 yr+ |
0.3× |
24% |
— |
FY2025 |
| 52 |
Kingspan Group plc
0KGP · IL
|
— |
70/100
Forte
|
27.0%‡low 23.2% |
4 yr |
— |
29% |
— |
FY2025 |
| 53 |
EQT AB (publ)
EQT · ST
|
$41B |
69/100
Forte
|
21.8%low 2.2% |
10 yr+ |
Net cash |
62% |
— |
FY2025 |
| 54 |
Cranswick PLC
CWK · LSE
|
$3.6B |
69/100
Forte
|
13.8%low 12.4% |
10 yr+ |
0.2× |
14% |
— |
FY2026 |
| 55 |
Ashmore Group Plc
ASHM · LSE
|
$1.7B |
69/100
Forte
|
17.0%low 9.3% |
10 yr+ |
Net cash |
71% |
— |
FY2025 |
| 56 |
Schneider Electric S.E.
SU · Paris
|
$176B |
68/100
Forte
|
12.5%low 8.5% |
10 yr+ |
0.6× |
40% |
— |
FY2025 |
| 57 |
Chocoladefabriken Lindt & Spruengli AG N
LISN · SW
|
$131B |
68/100
Forte
|
11.8%low 7.0% |
10 yr+ |
0.2× |
63% |
— |
FY2025 |
| 58 |
H & M Hennes & Mauritz AB (publ)
HM-B · ST
|
$30B |
68/100
Forte
|
20.2%low 2.3% |
10 yr+ |
2.4× |
52% |
— |
FY2025 |
| 59 |
Koninklijke KPN NV
KPN · Amsterdã
|
$17B |
68/100
Forte
|
23.9%low 13.9% |
10 yr+ |
3.2× |
61% |
— |
FY2025 |
| 60 |
Diploma PLC
DPLM · LSE
|
$12B |
68/100
Forte
|
15.5%low 9.4% |
10 yr+ |
0.4× |
34% |
— |
FY2025 |
| 61 |
AAK AB
AAK · ST
|
$5.7B |
68/100
Forte
|
15.0%low 11.8% |
10 yr+ |
0.2× |
25% |
— |
FY2025 |
| 62 |
CMC Markets PLC
CMCX · LSE
|
$2.3B |
68/100
Forte
|
19.4%low 2.9% |
10 yr+ |
Net cash |
76% |
— |
FY2026 |
| 63 |
Compagnie Financière Richemont SA
CFR · SW
|
$143B |
67/100
Forte
|
9.6%low 1.7% |
10 yr+ |
Net cash |
64% |
— |
FY2026 |
| 64 |
ASM International NV
ASM · Amsterdã
|
$42B |
67/100
Forte
|
16.8%low 6.7% |
10 yr+ |
Net cash |
47% |
— |
FY2025 |
| 65 |
ASSA ABLOY AB (publ)
ASSA-B · ST
|
$42B |
67/100
Forte
|
14.4%low 5.3% |
10 yr+ |
0.6× |
40% |
— |
FY2025 |
| 66 |
Hexagon AB (publ)
HEXA-B · ST
|
$25B |
67/100
Forte
|
10.6%low 6.0% |
10 yr+ |
0.3× |
64% |
— |
FY2025 |
| 67 |
Essity AB (publ)
ESSITY-B · ST
|
$20B |
67/100
Forte
|
15.8%low 8.3% |
10 yr+ |
0.3× |
29% |
— |
FY2025 |
| 68 |
SCHOTT Pharma AG & Co. KGaA
1SXP · XETRA
|
$2.9B |
67/100
Forte
|
20.6%low 16.4% |
6 yr |
— |
35% |
— |
FY2025 |
| 69 |
Danone SA
BN · Paris
|
$47B |
66/100
Forte
|
11.2%low 5.4% |
10 yr+ |
0.5× |
49% |
— |
FY2025 |
| 70 |
Kuehne & Nagel
KNIN · SW
|
$31B |
66/100
Forte
|
40.7%low 31.8% |
10 yr+ |
1.5× |
17% |
— |
FY2025 |
| 71 |
Boliden AB
BOL · ST
|
$14B |
66/100
Forte
|
15.8%low 10.8% |
10 yr+ |
0.2× |
18% |
— |
FY2025 |
| 72 |
Akzo Nobel NV
AKZA · Amsterdã
|
$11B |
66/100
Forte
|
16.4%low 8.1% |
10 yr+ |
0.6× |
41% |
— |
FY2025 |
| 73 |
Galenica Sante AG
GALE · SW
|
$5.5B |
66/100
Forte
|
14.7%low 11.8% |
10 yr+ |
0.6× |
13% |
— |
FY2025 |
| 74 |
Redrow PLC
RDW · LSE
|
$3.3B |
66/100
Forte
|
16.0%low 6.9% |
10 yr+ |
0.0× |
22% |
— |
FY2023 |
| 75 |
freenet AG
FNTN · XETRA
|
$3.1B |
66/100
Forte
|
14.2%low 5.4% |
10 yr+ |
0.4× |
32% |
— |
FY2025 |
| 76 |
Ipsen SA
IPN · Paris
|
$15B |
65/100
Forte
|
15.7%low -3.1% |
6 yr |
Net cash |
81% |
— |
FY2025 |
| 77 |
Beijer Ref AB (publ)
BEIJ-B · ST
|
$7.3B |
65/100
Forte
|
15.5%low 9.3% |
10 yr+ |
0.4× |
29% |
— |
FY2025 |