Boss Score – Top 25 Spain, Portugal & Ireland
Next in my series about the “Boss Score model” results are Spain, Portugal and Ireland. I decided to leave out Italy for the moment as Italy is worth a separate table.
Top 25 10 Year Boss Score
Top 25 5 Year Boss Score
Top 25 “Quality”
Interestingly, almost no Irish company shows up with a good Boss Score (Total Produce doesn’t have a long enough history yet). On the other hand, my model identifies quite a couple of Irish companies as “good quality”. However, it looks like that the good quality Irish companies are too expensive at least according to my model.
Some of the companies seem to be rather terminal decliners than “reversion to the mean” opportunity. Gamesa, Banco Popular, Montebalito, FCC etc. might or might not survive the crisis.
To be honest, I am not really enthusiastic on any of the Iberian stocks. Most of them have quite a lot of debt (Pescanova, utilities) or some cash flow issues (Prim, Indra). Ibersol might be the most interesting Iberian stock in the list, although they will need quite some time to recover.