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 Sep 14, 2026 Hold
49 /100
Weak
— Sep 14, 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 Aug 16, 2026 Hold
49 /100
Weak
97/100 Aug 16, 2026
3
Zymeworks Inc.
ZYME · US
Zymeworks: The Molecule Is Proven, the Allocator Is Not Jul 29, 2026 Hold
49 /100
Weak
— Jul 29, 2026
4
EVE Energy Co., Ltd.
300014 · Shenzhen
EVE Energy: Storage Now Leads the Growth and Carries the Thinnest Margin, and Capex Still Outruns the Cash It Converts Jul 28, 2026 Watch
49 /100
Weak
45/100 Jul 28, 2026
5
Rheinmetall AG
RHM · XETRA
Rheinmetall: Respect Without Urgency for a Re-Rated Defence Prime Jul 23, 2026 Hold
49 /100
Weak
63/100 Jul 23, 2026
6
NICE Ltd.
NICE · US
NICE Ltd: A Good Software Business Still Waiting for Proof That AI Adds More Than It Substitutes Jul 22, 2026 Watch
49 /100
Weak
75/100 Jul 22, 2026
7
Saab AB (publ)
SAAB-B · ST
Saab: Europe's Sovereign Defense Franchise Is Real, but the Margin of Safety Is Gone Jul 10, 2026 Hold
49 /100
Weak
58/100 Jul 10, 2026
8
Bentley Systems, Incorporated
BSY · US
Bentley Systems: Durable Infrastructure Compounder, Thin Margin of Safety Jun 28, 2026 Hold
49 /100
Weak
85/100 Jun 28, 2026
9
XtalPi Holdings Limited
2228 · HK
XtalPi Holdings: An AI-for-Science Platform Climbing from Fee-for-Service Work to Milestone Economics, Still Priced Ahead of Proof Jun 24, 2026 Hold
49 /100
Weak
— Jun 24, 2026
10
Merck KGaA, Darmstadt, Germany
MRK · XETRA
Merck KGaA: A Diversified Science Platform in Transition Jun 19, 2026 Hold
49 /100
Weak
— Jun 19, 2026
11
Shenzhen Inovance Technology Co., Ltd.
300124 · Shenzhen
Inovance Technology Deep-Dive Research Jun 15, 2026 Hold
49 /100
Weak
76/100 Jun 15, 2026
12
Everpure, Inc. (formerly Pure Storage, Inc.)
PSTG · US
Pure Storage: An All-Flash Foundation and the Hyperscaler Narrative Jun 14, 2026 Hold
49 /100
Weak
51/100 Jun 15, 2026
13
Celestica Inc.
CLS · US
Celestica Inc. Deep-Dive Research Jun 12, 2026 Hold
49 /100
Weak
61/100 Jun 12, 2026
14
Gartner, Inc.
IT · US
Gartner Long-Term Value Investment Research May 31, 2026 Cautious Buy
49 /100
Weak
66/100 Jun 10, 2026
15
Wheaton Precious Metals Corp.
WPM · US
Wheaton Precious Metals In-Depth Research May 31, 2026 Hold
49 /100
Weak
45/100 Jun 10, 2026
16
Stryker Corporation
SYK · US
Stryker In-Depth Value Investment Research May 25, 2026 Watch
49 /100
Weak
83/100 Jun 11, 2026
17
Copart, Inc.
CPRT · US
Copart Deep Value Investment Analysis May 21, 2026 Watch
49 /100
Weak
91/100 Jun 10, 2026
18
Hong Kong Exchanges and Clearing Limited
0388 · HK
HKEX: H1 2026 Profit Rose 24% to HK$10.568bn on Record HK$283.0bn Daily Turnover, but HK$395.80 Is Nearly 30 Times Normalised EPS Sep 24, 2026 Hold
48 /100
Weak
84/100 Sep 24, 2026
19
ASSA ABLOY AB (publ)
ASSA-B · ST
ASSA ABLOY: Goodwill and Intangibles Reach 133% of Equity, Fully Loaded ROIC Is 10-11% Against 14.4% Reported, and 24 Times Earnings Leaves No Margin of Safety Sep 22, 2026 Hold
48 /100
Weak
67/100 Sep 22, 2026
20
Zhejiang CFMOTO Power Co., Ltd.
603129 · Shanghai
CFMOTO: Four-Wheeler Revenue Up 51% but H1 Profit Up Only 6%, and CNY 296.88 at 24-25x Normalized Earnings Leaves No Margin of Safety Sep 17, 2026 Hold
48 /100
Weak
78/100 Sep 17, 2026
21
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 Sep 9, 2026 Hold
48 /100
Weak
67/100 Sep 9, 2026
22
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 Aug 15, 2026 Hold
48 /100
Weak
87/100 Aug 15, 2026
23
Danaher Corporation
DHR · US
Danaher: Orders and Peers Make the Bioprocessing Recovery Underwritable, but 3-4% Core Growth at 23 Times Earnings Leaves No Margin of Safety Aug 6, 2026 Hold
48 /100
Weak
— Aug 6, 2026
24
Vertiv Holdings Co
VRT · US
Vertiv Holdings Co: Deferred Revenue Doubled to 3.63 Billion USD After a 110 Million USD Second-Quarter Revenue Miss, While Full-Year Guidance Implies 4.33 Billion USD of Fourth-Quarter Sales Aug 6, 2026 Hold
48 /100
Weak
40/100 Aug 6, 2026
25
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 Jul 31, 2026 Hold
48 /100
Weak
— Jul 31, 2026
26
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 Jul 29, 2026 Hold
48 /100
Weak
57/100 Jul 30, 2026
27
Ningbo Tuopu Group Co., Ltd.
601689 · Shanghai
Ningbo Tuopu: Fair for the Auto Business, Pricey for the Robot Option Jul 23, 2026 Hold
48 /100
Weak
48/100 Jul 23, 2026
28
AVIC Jonhon Optronic Technology Co., Ltd.
002179 · Shenzhen
AVIC Jonhon Optronic: Defense-Grade Interconnect Leader, Recovery Already Priced Jun 27, 2026 Hold
48 /100
Weak
— Jun 27, 2026
29
Asana, Inc.
ASAN · US
Asana: Optically Cheap, Strategically Unproven Jun 20, 2026 Watch
48 /100
Weak
— Jun 20, 2026
30
Iridium Communications Inc.
IRDM · US
Iridium: A Global Cash Machine With Option Premium Jun 17, 2026 Hold
48 /100
Weak
24/100 Jun 18, 2026
31
Beijing Kingsoft Office Software, Inc.
688111 · Shanghai
Kingsoft Office In-Depth Research Jun 14, 2026 Hold
48 /100
Weak
76/100 Jun 14, 2026
32
Prysmian Group
PRY · MI
Prysmian Group (PRY.MI) Zen Horizon Research Report Jun 9, 2026 Watch
48 /100
Weak
— Jun 10, 2026
33
Siemens AG / Siemens AG
SIE · XETRA
Siemens AG (SIE.XETRA) Zen Horizon Research Report Jun 9, 2026 Watch
48 /100
Weak
63/100 Jun 10, 2026
34
Siemens Energy
ENR · XETRA
Siemens Energy Deep Research under the Zen Horizon Framework Jun 8, 2026 Hold
48 /100
Weak
39/100 Jun 10, 2026
35
Lonza Group AG
LONN · SW
Lonza Group AG (LONN.SW) Zen Horizon Research Report Jun 8, 2026 Hold
48 /100
Weak
— Jun 10, 2026
36
Block, Inc.
XYZ · US
Block Investment Research Report May 27, 2026 Watch
48 /100
Weak
— Jun 10, 2026
37
Roper Technologies, Inc.
ROP · US
Roper Technologies Research from a Long-Term Owner's Perspective May 23, 2026 Cautious Buy
48 /100
Weak
66/100 Jun 11, 2026
38
O'Reilly Automotive, Inc.
ORLY · US
O'Reilly Automotive: A Long-Term Business Owner's Research Report May 22, 2026 Watch
48 /100
Weak
88/100 Jun 10, 2026
39
Kweichow Moutai Co., Ltd.
600519 · Shanghai
Kweichow Moutai: A Long-Term Business Owner's Perspective May 21, 2026 Watch
48 /100
Weak
93/100 Jun 10, 2026
40
Xiaomi Group (Xiaomi Corp.)
1810 · HK
Xiaomi Group Long-Term Owner-Oriented Research May 17, 2026 Watch
48 /100
Weak
56/100 Jun 10, 2026
41
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 Sep 9, 2026 Hold
47 /100
Weak
87/100 Sep 9, 2026
42
Guangdong Haid Group Co., Ltd.
002311 · Shenzhen
Haid Group: Feed Gross Profit Rose CNY 0.55 Billion, Farming Gross Profit Fell CNY 1.46 Billion, and CNY 46.24 Offers No Conservative Margin of Safety Aug 31, 2026 Hold
47 /100
Weak
71/100 Sep 1, 2026
43
Alfa Laval AB (publ)
ALFA · ST
Alfa Laval: A 35% Order Surge, a 2% Profit Increase, and 29 Times Earnings Aug 27, 2026 Hold
47 /100
Weak
74/100 Aug 29, 2026
44
Camtek Ltd.
CAMT · US
Camtek: Record Advanced-Packaging Orders Meet a Price That Already Discounts Them Aug 26, 2026 Hold
47 /100
Weak
— Aug 26, 2026
45
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 Aug 26, 2026 Hold
47 /100
Weak
45/100 Aug 26, 2026
46
Himile Mechanical Science and Technology (Shandong) Co., Ltd.
002595 · Shenzhen
Himile: A 40%-Margin Tire-Mould Franchise Is Funding Two Adjacencies That Have Not Yet Earned Their Keep Aug 19, 2026 Hold
47 /100
Weak
82/100 Aug 19, 2026
47
Paycom Software, Inc.
PAYC · US
Paycom Software: Has Automation Repaired the Growth Engine, and Is That Already Priced? Aug 7, 2026 Hold
47 /100
Weak
95/100 Aug 8, 2026
48
Sichuan Baili Tianheng Pharmaceutical Co., Ltd.
688506 · Shanghai
Sichuan Baili Tianheng: A De-Risked ADC Story the Market Has Already Priced In Jul 23, 2026 Hold
47 /100
Weak
— Jul 23, 2026
49
Exelixis, Inc.
EXEL · US
Exelixis: A Real Cabozantinib Cash Machine Pricing In an Unproven Second Act Jul 16, 2026 Hold
47 /100
Weak
64/100 Jul 16, 2026
50
Symrise AG
SY1 · XETRA
Symrise: A High-Quality Compounder Now Priced for Delivery, Not Discovery Jun 28, 2026 Hold
47 /100
Weak
— Jun 28, 2026
51
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd.
6990 · HK
Kelun-Biotech: A Commercializing China ADC Franchise Priced for Much of Its sac-TMT and MSD Global Success Jun 25, 2026 Hold
47 /100
Weak
— Jun 25, 2026
52
Bureau Veritas SA
BVI · Paris
Bureau Veritas: Quality TIC, Priced for Reacceleration Jun 17, 2026 Hold
47 /100
Weak
70/100 Jun 18, 2026
53
Royal Gold, Inc.
RGLD · US
Royal Gold Deep-Dive Research Jun 15, 2026 Hold
47 /100
Weak
37/100 Jun 15, 2026
54
MongoDB, Inc.
MDB · US
MongoDB Deep Dive: A Document Database Platform Centered on Atlas Jun 12, 2026 Hold
47 /100
Weak
— Jun 13, 2026
55
Novonesis A/S
NSIS-B · CO
Novonesis A/S (NSIS-B.CO) Zen Horizon Research Report Jun 8, 2026 Watch
47 /100
Weak
— Jun 10, 2026
56
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 Jun 5, 2026 Hold
47 /100
Weak
27/100 Jun 10, 2026
57
GoDaddy Inc.
GDDY · US
GoDaddy Long-Term Value Investment Research May 31, 2026 Cautious Buy
47 /100
Weak
58/100 Jun 10, 2026
58
Veralto Corporation
VLTO · US
Veralto Corporation Deep Value Investment Research May 29, 2026 Watch
47 /100
Weak
89/100 Jun 10, 2026
59
Iron Mountain Incorporated
IRM · US
Iron Mountain Deep Dive: A Hybrid REIT with High Retention, High Leverage, and High Capital Spending May 27, 2026 Watch
47 /100
Weak
57/100 Jun 10, 2026
60
Chubb Limited
CB · US
Chubb Deep Value Investment Analysis May 24, 2026 Watch
47 /100
Weak
— Jun 11, 2026
61
Cboe Global Markets, Inc.
CBOE · US
Cboe Global Markets In-Depth Value Investment Analysis May 24, 2026 Watch
47 /100
Weak
67/100 Jun 11, 2026
62
CME Group Inc.
CME · US
CME Group Long-Term Value Investment Analysis May 24, 2026 Watch
47 /100
Weak
71/100 Jun 11, 2026
63
Ameriprise Financial, Inc.
AMP · US
Ameriprise Financial Wealth Management Deep-Dive May 23, 2026 Watch
47 /100
Weak
85/100 Jun 11, 2026
64
Thomson Reuters Corporation
TRI · US
Thomson Reuters: A Long-Term Owner's Perspective May 23, 2026 Watch
47 /100
Weak
79/100 Jun 11, 2026
65
Abbott Laboratories
ABT · US
Abbott Laboratories Long-Term Value Investment Research May 21, 2026 Watch
47 /100
Weak
71/100 Jun 10, 2026
66
CoStar Group, Inc.
CSGP · US
CoStar Group Deep Value Investment Analysis May 21, 2026 Watch
47 /100
Weak
— Jun 10, 2026
67
Nexans S.A.
NEX · Paris
Nexans: A Subsea Margin Story the Price Has Largely Absorbed Aug 26, 2026 Hold
46 /100
Weak
46/100 Aug 26, 2026
68
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 Aug 24, 2026 Hold
46 /100
Weak
52/100 Aug 24, 2026
69
Exponent, Inc.
EXPO · US
Exponent: A PhD-Dense Expert Franchise Whose Reacceleration Is Real but Already Priced Aug 17, 2026 Hold
46 /100
Weak
94/100 Aug 19, 2026
70
ABB Ltd
ABBN · SW
ABB Ltd: 58% Electrification Order Growth, and a 19.5x EBITDA Test of Capital Discipline Aug 11, 2026 Hold
46 /100
Weak
77/100 Aug 11, 2026
71
KONE Oyj
KNEBV · HE
KONE Oyj: 1.8 Million Units of Recurring Service, and a EUR 29.4bn Bet on Scale Aug 11, 2026 Hold
46 /100
Weak
87/100 Aug 12, 2026
72
Qualcomm Incorporated
QCOM · US
Qualcomm Incorporated: Mispricing, Value Trap, or Transition Discount? Aug 7, 2026 Hold
46 /100
Weak
55/100 Aug 7, 2026
73
Eaton Corporation plc
ETN · US
Eaton: Record Orders and a Cleaner Post-Mobility Portfolio, but 42 Times Free Cash Flow Leaves No Conservative-Case Margin of Safety Aug 5, 2026 Hold
46 /100
Weak
69/100 Aug 5, 2026
74
Merck & Co., Inc.
MRK · US
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 Aug 5, 2026 Hold
46 /100
Weak
71/100 Aug 5, 2026
75
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 Aug 5, 2026 Hold
46 /100
Weak
88/100 Aug 5, 2026
76
BAE Systems plc
BA · LSE
BAE Systems: The Portfolio Moat Is Genuine, but at 20.27 GBP the Rerating Has Already Outrun Earnings Growth Jul 30, 2026 Hold
46 /100
Weak
82/100 Jul 30, 2026
77
SS&C Technologies Holdings, Inc.
SSNC · US
SS&C Technologies: A Sticky Cash Engine, Not Yet Cheap Enough Jul 18, 2026 Hold
46 /100
Weak
57/100 Jul 18, 2026
78
Thales S.A.
HO · Paris
Thales: A Genuine Defence-Electronics Quality Compounder, Priced Like the Best Case Is Already Locked In Jul 7, 2026 Hold
46 /100
Weak
77/100 Jul 7, 2026
79
FUJIFILM Holdings Corporation
4901 · TSE
FUJIFILM Holdings: A Proven Reinventor Now Tested on Returns, Not Survival Jun 28, 2026 Hold
46 /100
Weak
— Jun 28, 2026
80
ALS Limited
ALQ · AU
ALS Limited: A High-Quality Compounder with a Cyclical Sidecar Jun 18, 2026 Hold
46 /100
Weak
— Jun 19, 2026
81
Airbus SE
AIR · Paris
Airbus SE Deep-Dive Research Jun 15, 2026 Hold
46 /100
Weak
58/100 Jun 15, 2026
82
King Yuan Electronics Co., Ltd.
2449 · Taiwan
KYEC Deep-Dive Research Jun 14, 2026 Hold
46 /100
Weak
54/100 Jun 14, 2026
83
Hygon Information Technology Co., Ltd.
688041 · Shanghai
Hygon Information In-Depth Research Jun 11, 2026 Hold
46 /100
Weak
28/100 Jun 11, 2026
84
Mitsubishi Heavy Industries, Ltd.
7011 · TSE
Mitsubishi Heavy Industries (7011.TSE) Zen Horizon Deep-Dive Report Jun 9, 2026 Watch
46 /100
Weak
— Jun 10, 2026
85
Subsea 7 S.A.
SUBC · OL
Subsea 7 (SUBC.OL) Zen Horizon Research Report Jun 9, 2026 Watch
46 /100
Weak
32/100 Jun 10, 2026
86
Novartis AG
NVS · US
Novartis (NVS) Zen Horizon Research Report Jun 8, 2026 Hold
46 /100
Weak
78/100 Jun 10, 2026
87
nVent Electric plc
NVT · US
nVent Electric (NVT) Zen Horizon Research Report Jun 8, 2026 Hold
46 /100
Weak
48/100 Jun 10, 2026
88
Ambarella, Inc.
AMBA · US
Ambarella Zen Horizon Framework Deep-Dive Research Jun 6, 2026 Watch
46 /100
Weak
— Jun 10, 2026
89
SiTime Corporation
SITM · US
SiTime (SITM) Zen Horizon Research Report Jun 5, 2026 Watch
46 /100
Weak
— Jun 10, 2026
90
Erie Indemnity Company
ERIE · US
Erie Indemnity Company: In-Depth Research from a Long-Term Business Owner's Perspective May 31, 2026 Watch
46 /100
Weak
— Jun 10, 2026
91
Tyler Technologies, Inc.
TYL · US
Tyler Technologies Deep Value Investment Research May 30, 2026 Watch
46 /100
Weak
— Jun 10, 2026
92
HCA Healthcare, Inc.
HCA · US
HCA Healthcare: A Long-Term Owner's View May 26, 2026 Watch
46 /100
Weak
75/100 Jun 11, 2026
93
International Business Machines Corporation
IBM · US
IBM Long-Term Owner's Perspective Research May 25, 2026 Watch
46 /100
Weak
71/100 Jun 10, 2026
94
American Express Company
AXP · US
American Express Closed-Loop Payments Platform Research May 23, 2026 Watch
46 /100
Weak
89/100 Jun 10, 2026
95
Paychex, Inc.
PAYX · US
Paychex Investment Research Report May 22, 2026 Watch
46 /100
Weak
91/100 Jun 10, 2026
96
Hangzhou Hikvision Digital Technology Co., Ltd.
002415 · Shenzhen
Hikvision: A 39.6% H1 Profit Jump on a 49.97% Gross Margin Is Real, but Inventory Absorbed CNY 9.23bn of Cash and CNY 33.11 Sits Only Around Conservative Value Sep 24, 2026 Hold
45 /100
Weak
88/100 Sep 24, 2026
97
Hangcha Group Co., Ltd.
603298 · Shanghai
Hangcha Group: Gross Margin Up to 24.6% on Less Than 9% Revenue Growth, Robotics at 7% of Sales with Undisclosed Economics, and Three-Year Cash Conversion of 79% Sep 21, 2026 Hold
45 /100
Weak
76/100 Sep 21, 2026
98
Compass Group PLC
CPG · LSE
Compass Group: A Fifth Year of 4–5% Net-New Business and 96% Retention Make the Compounding Real, but at $31.10 a 5.1% Owner-Earnings Yield and 1.7x Leverage Leave No Conservative-Case Margin of Safety Sep 18, 2026 Hold
45 /100
Weak
57/100 Sep 18, 2026
99
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 Sep 16, 2026 Hold
45 /100
Weak
79/100 Sep 16, 2026
100
ANDRITZ AG
ANDR · VI
ANDRITZ: Service Reached 46% of Revenue, but the Record Backlog Is Hydro-Heavy and Margin-Dilutive Aug 19, 2026 Hold
45 /100
Weak
81/100 Aug 19, 2026