The “All German Shares Series” – Intro
My roots as an investor are domestic German stocks. For the first 10-15 years of my investing “career” I would only look at German stocks (with minor exceptions during the Dot.com boom), only after some time I moved on to a more international focus. Even at the beginning of this blog in December 2010, the majority of our shares back then were still German.
These days, I only have a relatively small domestic stock allocation left (P. Hartmann, Draeger, Innogy) and mostly screen for international stocks.
One interesting thing happened in the meantime: I kind of lost my comprehensive knowledge about German shares. A lot of companies have newly been listed or disappeared and somehow I never ket track of what was happening. Also I didn’t follow the good ones very closely.
Time for change: Looking at every German share
Inspired by Wexboy’s great Irish Share Valuation series, I decided to refresh my knowledge on German shares in a new series. As a basis I simply took this Wikipedia list, which might not be completely comprehensive but will be a good starting point of 818 listed German companies.
The “analysis” will be a very simple screening process:
- The selection will be based on a random order
- I look at basic information like Market cap, stock price chart etc.
- I will look at the last annual report and at the most comprehensive German stock discussion forum “Wallstreet Online” to get an understanding of the company (by the way, if you digg deep you will find some posts from a guy called memyselfandi007 there, like this one from 16 yearsa ago: https://www.wallstreet-online.de/diskussion/788867-1-10/r-stahl-ag-ist-das-der-turnaround)
- and then subjectively decide if this is a company that is worth going on a watch list or not
- super nano caps and everything that looks like a pump and dump penny stock will automatically be a “pass” as well as pure shell companies or defaulted ones (there is a surprising amount of crap listed on German exchanges…)
There will be no valuation exercise in this first step. Maybe in a second step when I have my watch list.
I will post in “Batches” of 10 to 15 companies in irregular intervals, although I try to do a post at least once a week. This can take some time but on the other hand should also be a fun exercise (for a stock nerd lilke me at least…).
One final remark: The start of the series does not imply that especially now is agood point in time to invest into German shares.