Amsterdam Stock Exchange Analysis – Stock By Stock Analysis List
Amsterdam Stock Exchange – The search for 10-baggers starts with the As
Amsterdam Stock Exchange
I have recently looked at the EURO STOXX 50 index and the valuations there are crazy for many constituents. It seems the market in Europe is happy with dividends yields of 1% or at best 2%. The
DOW JONES index (video analysis stock by stock) is a bit better but still not far from extremely high valuations and consequently low long-term returns.
The high valuations and ‘nobody cares’ attitude where all people focus on is how a dividend yield of 1.2% is much better than what you get in the bank or what a bond gives, creates huge market mispricing and opportunities for when a stock becomes part of the index mania. Therefore, the key is not to look at the most known names with already extreme market capitalizations, but to look at smaller companies with room to run that offer the possibility to get included in those indexes thanks to business and earning growth over time.
Here is the video that summarizes the research:
Research criteria and strategy
You don’t need a business to increase its earnings 10x to see the stock 10x, you need it to increase earnings 3x and as the market cap grows, index funds will be forced to include it, demand for the stock will grow, creating a spiral and you get a 10 bagger.
So, I’ll start with the As of various stock markets, I am looking for good businesses that have the potential to triple earnings over the next decade which would make me happy as an investor but that also means that there is a possibility for a 10 bagger.
The key factors I am looking for are:
Business quality reflected in profitability with preferably a strong moat. Scaling options for the business over the long-term. A stock price still flying under the radar of the market. There are many great businesses, but those are usually very expensive, I need to find them before the market finds them.
The smaller the market capitalization the better because then index inclusion is not yet a thing and there is much more room to run. Let’s start with the Dutch stock market and every stock listed on the Amsterdam Stock Exchange.
My goals it of find one great business a year, for that I need to turn as many stones as possible. When it comes to stock market research, the best way to turn a stone is to write an overview research article on the business so here we go.
Amsterdam Stock Exchange stocks list with analysis
Below you will find the business name, stock ticker, stock ISIN, quick comment and link to the full research stock analysis. (in bold the analyzed stocks)
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– AALBERTS NV stock analysis – AALB – NL0000852564 – Interesting Compounder – Aalberts Stock Analysis ABN AMRO BANK N.V – ABN – NL0011540547 – I don’t do banks and Insurance 🙁 ACCELL GROUP – ACEL – NL0009767532ACCSYS GB00BQQFX454 AXS – Good business but difficult sector – Accell Stock Analysis Accsys Technologies PLC Stock Analysis – LON: AXS AMS: AXS Growing but not profitable – Accsys Stock Analysis
ADUX FR0012821890 ADUX – A dot-com bubble relic – doesn’t look good – ADUX stock analysis ADYEN NL0012969182 ADYEN – Great business, fast growth – Adyen stock analysis & valuation AEDIFICA BE0003851681 AED – Fast growing REITs focused on elderly care homes – Aedifica stock Analysis AEGON NL0000303709 AGN – don’t do banks and Insurance 🙁 AHOLD DEL NL0011794037 AD – Strong position in the Netharlands + Amazon like business BOL – Ahold stock analysis AIR FRANCE -KLM FR0000031122 AF – 3 reasons to avoid it – Air France KLM stock analysis AJAX NL0000018034 AJAX – Hm, I feel it will always be about winning, not long-term profits – and they state it in their Annual Report how it is about financial balance, not profits – not for me. AKZO NOBEL NL0013267909 AKZA – Stock price likely up due to 1 billion EUR bubyack – Akzo Nobel Stock Analysis ALFEN NL0012817175 ALFEN – Exposed to EV growth trends, We make a valuation – Alfen Stock Analysis ALLFUNDS GROUP GB00BNTJ3546 ALLFG – Plenty of reasons to AVOID – Allfunds Group Stock Analysis ALUMEXX N.V. NL0012194724 ALX – Market capitalization of just 7 million EUR – we could buy it out 🙁 AMG NL0000888691 AMG – 5X Potential On EV, Batteries, Vanadium – Advanced Metallurgical Group Analysis AMSTERDAM COMMOD. NL0000313286 ACOMO – Interesting Acquisition Improves Profits – Acomo Stock Analysis (PREMIUM CONTENT) APERAM LU0569974404 APAM – Cyclical Stock To Watch In Steel Cycle Downturn – Aperam Stock Analysis ARCADIS NL0006237562 ARCAD – Cyclial and expensive – Arcadis Stock Analysis ARCELORMITTAL SA LU1598757687 MT – improving business but keep in mind the cycle – NYSE:MT Stock Analysis ASM INTERNATIONAL NL0000334118 AS – Amazing example of great investment – ASM stock analysis ASML HOLDING NL0010273215 ASML – Video discussion as part of EuroStoxx Analysis – ASML Stock Overvalued ASR NEDERLAND NL0011872643 ASRNL – don’t do banks and Insurance 🙁 ATRIUM EUR REALEST JE00B3DCF752 ATRS – Poland commercial and residential REIT – ATRS stock analysis AVANTIUM NL0012047823 AVTX – VC Style Investment – ESG Stock – Avantium Stock Analysis B&S Group LU1789205884 BSGR – old retail turning into e-commerce platform – B&S Stock Analysis (premium) BAM GROEP KON NL0000337319 BAMNB – likely to remain an ugly investment – BAM Stock Analysis BASIC-FIT NL0011872650 BFIT – not real fair accounting for value investing – BASIC FIT ST OCK ANALYSIS BE SEMICONDUCTOR NL0012866412 BESI – cyclical industry, good business – BESI Stock Analysis BETER BED NL0000339703 BBED – betting on a new business ?!?! – Beter Bed Stock Analysis BEVER HOLDING NL0000285278 BEVER – value microcap – Bever Holding Stock Analysis BOSKALIS WESTMIN NL0000852580 BOKA – cyclical – Boskalis Stock Analysis is preparing something, but what?? BOUSSARD GAVAUDAN GG00B1FQG453 BGHL – a fund, not for me BOUSSARD GHL GBP GG00B39VMM07 BGHS – a fund, not for me BRILL KON NL0000442523 BRILL – small business – Koninklijke Brill Stock Analysis B RUNEL INTERNAT NL0010776944 BRNL – small and stable – BRNL Stock Analysis CM.COM NL0012747059 CMCOM – risky & expensive growth stock – CMCOM Stock Analysis COCA-COLA EUROPEAN GB00BDCPN049 CCEP – there is better – CCEP Stock Analysis CORBION NL0010583399 CRBN – promising growth, but… – Corbion Stock Analysis CORE LABORATORIES NL0000200384 CLB – bet on oil – CLB Stock Analysis CTAC NL0000345577 CTAC – Microcap Doing Well Now – CTAC Stock Analysis CTP NL00150006R6 CTPNV – fast growing logistics real estate play – CTPNV Stock Analysis DGB GROUP N.V. NL0009169515 DGB – Microcap with questionable business model DPA GROUP NL0009197771 DPA – Microcap in liquidation DSC2 NL00150000S7 DSC2 – SPAC DSC2 TREAS SHARES NL00150002R5 DSC2S – SPAC DSM KON NL0000009827 DSM Stock Analysis – A Valuation Question DUTCH STAR C W11 NL00150000T5 DSCW1 – SPAC DUTCH STAR C W12 NL00150000U3 DSCW2 – SPAC DUTCH STAR C W13 NL00150000V1 DSCW3 – SPAC EASE2PAY NV NL0000345627 EAS2P – 6 Employees Microcap Betting On Creating a Payment Platform… EFIC1 ORD SHARES NL00150006Z9 EFIC1 – SPAC EFIC1 TREASURY SH NL00150009J7 EFICT – SPAC EFIC1 WARRANTS NL00150007A0 EFICW – SPAC ENVIPCO NL0009901610 ENVI – SPAC ESG CORE INVEST NL00150006O3 ESG – SPAC ESG CORE TREAS SHA NL00150006Q8 ESGT – SPAC ESG CORE WARRANTS NL00150006P0 ESGWA – SPAC ESPERITE NL0009272137 ESP – Micro,micro,microcap – 1.3 millino market cap 🙁 EUROCASTLE INVEST. GB00B94QM994 ECT – microcap focused on Italian loan market – in liquidation EUROCOMMERCIAL NL0000288876 ECMPA – Interesting 9% Yield but with Risks – ECMPA Stock Analysis EURONEXT NL0006294274 ENX – too expensive – Euronext Stock Analysis EURONEXT DS NL0015000A04 ENXDS FAGRON BE0003874915 FAGR – Balance Sheet Risks – Fagron Stock Analysis FASTNED NL0013654809 FAST – A bet, sure only on dilution – Fastned Stock Analysis FLOW TRADERS NL0011279492 FLOW – covered stock, only premium: FLOW Analysis FNG NV BE0974332646 FNG – liquidated FORFARMERS NL0011832811 FFARM – Premium – Full EU Feed Sector Analysis FUGRO NL00150004A7 FUR – too much of a bet – Fugro Stock analysis GALAPAGOS BE0003818359 GLPG – impossible to analyze for me GEOJUNXION NL0000430106 GOJXN – microcap GRANDVISION NL0010937066 GVNV – takeover HAL TRUST BMG455841020 HAL – Investment company, formerly Holland America Line – HAL Analysis HEIJMANS NL0009269109 HEIJM – Construction HEINEKEN NL0000009165 HEIA – All depends on future growth and valuation HEINEKEN HOLDING NL0000008977 HEIO HOLLAND COLOURS NL0000440311 HOLCO – Cyclical HUNTER DOUGLAS ANN4327C1220 HDG – Construction, cyclical HUNTER DOUGLAS ANN4327C1303 HUNDP HYDRATEC NL0009391242 HYDRA – Interesting: Growth, M&A, Niche, but Uncertain ICT GROUP NL0000359537 ICT – Delisted IEX GROUP NV NL0010556726 IEX – beurs.nl IMCD NL0010801007 IMCD – cyclical ING GROEP N.V. NL0011821202 INGA INPOST LU2290522684 INPST – Bet on Business Model and Growth INTERTRUST NL0010937058 INTER – cheap, 10% yield, but has debt. JDE PEET’S NL0014332678 JDEP – Cash Flow Positive, relatively cheap YouTube JUST EAT TAKEAWAY NL0012015705 TKWY – Market Leading Growth Position KENDRION NL0000852531 KENDR – Electrification Focus, But Also Risky KIADIS NL0011323407 KDS – Delisted KPN KON NL0000009082 KPN – Ok, But there is better globally + Debt Risk – Just Dividend Stock LAVIDE HOLDING NL0010545679 LVIDE – microcap LUCASBOLS NL0010998878 BOLS – Ok, but not great! MAREL IS0000000388 MAREL – Good Business, but growth priced in MKB Nedsense NL0009312842 NEDSE – Microcap MOREFIELD GROUP CWN814651014 MORE – Microcap NEDAP NL0000371243 NEDAP- stable, ok dividend, nothing special NEPI ROCKCASTLE IM00BDD7WV31 NRP – Eastern Europe Commercial RE – Too Risky, those grow like mushrooms NEW SOURCES ENERGY NL0009822014 NSE – Microcap NEWAYS ELECTRONICS NL0000440618 NEWAY – Takeover Offer on Table NN GROUP NL0010773842 NN – Insurance NOVISOURCE NL0010696704 NOVI – micro NSI N.V. NL0012365084 NSI – if things remain stable, 6.5% yield plus some growth OCI NL0010558797 OCI – On the costlier side of the fertilizer cost curve ORANJEWOUD A NL0000370419 ORANW – Microfloat of less than 1% ORDINA NL0000440584 ORDI – Another IT from the dot-com bust PEGASUS ORD SHARES NL00150009D0 PACE – SPAC PEGASUS UNITS NL00150009E8 PACEU – SPAC PEGASUS WARRANTS NL00150009B4 PACEW – SPAC PERSHING GG00BPFJTF46 PSH – Let Bill Ackman Invest for you PHARMING GROUP NL0010391025 PHARM – not my circle PHILIPS BUY BACK NL0000009322 INPHI PHILIPS KON NL0000009538 PHIA – Philips and Unilever are on my black stocks list PORCELEYNE FLES NL0000378669 PORF POSTNL NL0009739416 PNL – Daniel Kretinsky A – travel agency – bad for now but you never know… PPLA CLASS A BMG7209L1000 PPLAA – Investment Vehichle PPLA CLASS B BMG7209L1182 PPLAB – Investment Vehicle PPLA European Unit US69355L1098 PPLA – Investment Vehicle PROSUS NL0013654783 PRX – Tencent with a discount (PREMIUM on Research Platform) RANDSTAD NV NL0000379121 RAND – Human Resources – Mostly very cyclical REINET INVESTMENTS LU0383812293 REINA – Insurance holding company – fair value assets?? Tricky RELX GB00B2B0DG97 REN – Good business but a bit pricy RENEWI GB0007995243 RWI – Recycling, thus cyclical, looked bad a year ago with low commodity prices RETAIL ESTATES BE0003720340 RET – all looks fine, so it is about owning that kind of RE – plus, capital risk ROODMICROTEC NL0000440477 ROOD – Microcap ROYAL DUTCH SHELLA GB00B03MLX29 RDSA – Not the best oil stock ROYAL DUTCH SHELLB GB00B03MM408 RDSB – RDS stock analysis SAINT GOBAIN FR0000125007 SGO – interesting glass cyclical SBM OFFSHORE NL0000360618 SBMO – Ugly sector but necessary, so here and there it is cheap SIF HOLDING NL0011660485 SIFG – interesting cyclical SIGNIFY NV NL0011821392 LIGHT – interesting business, looks good and will likely do ok SLIGRO FOOD GROUP NL0000817179 SLIGR – competition by Jumbo makes it stagnate, plus current issues SNOWWORLD NL0010627865 SNOW – interesting pre virus, but has debt now so??? STERN GROEP NL0000336303 STRN – they need a car market rebound in NL, likely will come as this is cyclical TETRAGON FIN GRP GG00B1RMC548 TFG – calculating own NAV hahaha THUNDERBIRD VGG885761061 TBIRD – microcap TIE KINETIX NL0010389508 TIE – dot-com bust TKH GROUP NL0000852523 TWEKA – looks good, niche business, complex for me TOMTOM NL0013332471 TOM2 – what is the remaining value? UNIBAIL-RODAMCO-WE FR0013326246 URW – example of commercial RE going wrong UNILEVER GB00B10RZP78 UNA – Bad Management In My Opinion V LANSCHOT KEMPEN NL0000302636 VLK – I don’t like their commercials VALUE8 NL0010661864 VALUE – investment vehicle VALUE8 CUM PREF NL0015118803 PREVA VASTNED NL0000288918 VASTN – more RE gone bad VEON BMG9349W1038 VEON – frontier markets telecom (Premium Research) VIVORYON NL00150002Q7 VVY VOLTA FINANCE GG00B1GHHH78 VTA VOPAK NL0009432491 VPK – stable essential business, no miracle but see how price fits you WDP BE0974349814 WDP – warehousing business, doing great, but pricy and issuing a lot of capital WERELDHAVE NL0000289213 WHA – another RE gone bac WOLTERS KLUWER NL0000395903 WKL – good profitable business – pricy YATRA JE00B1FBT077 YATR