Even with the stock market trading at some of the highest valuation levels in recent years — the Shiller price-earnings ratio of the S&P 500 is sitting at 32 now — it’s possible to find what they used to call value stocks. That is, the kind that Warren Buffett might generally identify as candidates for his fund.
Using certain of the methods described by his mentor, former Forbes contributor Benjamin Graham, in the books The Intelligent Investor and Security Analysis, here are 4 New York Stock Exchange-traded names that seem to fit the “value stock” criteria.
Of course, no guarantees of success exist but these are probably worth further research.
4 Stocks At Less Than Book and Paying Dividends.
FinVolution Group is a Shanghai, China-based financial technology company created in 2007 as “PPDAI.” It was first listed on the NYSE as “PPDI” and then, in 2019 became FinVolution. Market capitalization comes to $815.30 million.
The stock trades with a price-earnings ratio of 4.10 and at 44% of its book value. The company has a debt-to-equity ratio of .01. This year’s earnings are up by 11.02%. Investor are paid a 4.52% dividend.
Nomura last week initiated a “buy” rating on FinVolution. Daiwa Securities in June, 2023 had also initiated a “buy” rating on the company and projected a price target of $6.70.
Fresh Del Monte Produce is a farm products company specialized in fresh and fresh cut fruits and vegetables. Corporate offices are located in Coral Gables, Florida with operations in North and South America, Europe, Africa, the Middle East and Asia.
Market cap is $1.25 billion. Over the past 5 years, earnings were down by 2.96% — this year’s earnings are up by 11.17%. The stock can be purchased at a 38% discount from book. The price-earnings ratio is 11. Del Monte pays a 2.88% dividend.
For a New York Stock Exchange-listed security, average daily volume is relatively light at 247,000 shares.
Stellantis NV is based in the Netherlands where it manufactures name-brand cars such as Alfa Romeo, Maserti, Opel, Peugeot and 10 others. The market capitalization is $72.32 billion.
With a price earnings ratio of just 3.55, the stock is trading at 87% of its book value. Earnings this year are up by 9.33% and up over the past 5 years by 17.01%. Stellantis offers investors a dividend of 7.22%.
Wells Fargo this month initiated analyst coverage with an “underweight” rating. In November, Bernstein analysts upgraded the company from “market perform” to “outperform” with a price target $26.40.
White Mountains Insurance Group is a property and casualty insurance firm headquartered in Hamilton, Bermuda with operations centers in Boston, Massachusetts, Hanover, New Hampshire and Guilford, Connecticut.
With a market cap of $3.79 billion, the stock trades with a price-earnings ratio of 14.48 and at a 4% discount to book. The debt-to-equity ratio is .14. This NYSE-listed equity has average daily volume of just 10,200 shares.
The company pays a dividend of .07%.