VALUE INVESTING, BENJAMIN GRAHAM, WARREN BUFFETT, GRAHAM's FORMULA

Benjamin Graham Warren Buffett Value investing

"The most important quality for an investor is temperament, not intellect... You need a temperament that neither derives great pleasure from being with the crowd or against the crowd."
Warren BUFFETT

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Selecting value stocks with BENJAMIN GRAHAM

Learning Value Investing with BENJAMIN GRAHAM

Bricorama -

- Mid&Small 190 - Home Improvement Retail

Bricorama SA is a France-based company engaged in the do-it-yourself (DIY) market.

	FORUMS VISIT Bricorama FORUM !
	MARGIN OF SAFETY of Bricorama : 158.78 % The Margin of Safety of Bricorama is OK (>50%). How is the Margin of Safety calculated ?
	QUALITY : Conservative Investors : Enterprising Investors : What are the Stars ?

Price over 1 year :

PRICE, INTRINSIC VALUE & MARGIN OF SAFETY based on GRAHAM's FORMULA
What is the Graham's Formula ?


Bricorama price is : (as of 5/22/2009)	EUR
Current Earnings per Share (2009 est.) are :	EUR
Estimated Long Term Growth (% per Year) is :	%
INTRINSIC VALUE = 3.48 x (8.5 + 2 x 2.32) =	45.73 EUR
MARGIN OF SAFETY = (45.73 - 17.67 ) / 17.67 =	158.78 % (OK)

How is Long Term Growth estimated for Bricorama ?

Historical analysis for Bricorama - See detail

QUALITATIVE FILTERS FOR Bricorama What are the Stars ?			DEFENSIVE	ENTERPRISING
COMPANY SIZE (MKT CAP. Mls $)	Very Small	140 mls.$	NO The company's Market cap. is under 5000 millions dollars	-
FINANCIAL CONDITION	Current Ratio	1.37	The current ratio is under 2	The current ratio is under 1.5
	LT Debt/Net Curr. Assets	1.00	The LTdebt/current assets ratio is under 1	The LTdebt/current assets ratio is under 1.1
EARNINGS STABILITY	Losses / 10 - 5 Years	0 / 0	No losses in the past ten years	No losses in the past five years
DIVIDENDS	Years of Dividends	13	Less than 15 years of dividend in the past 15 years	Current dividends paid
EARNINGS GROWTH	Growth 10-5 Years	69% / -7%%	Total Earnings growth above 33% for the past 10 years	Last year earnings under earnings 5 years ago
VALUATION	P.E. x P/Book	2.23	P.E. x P/Book is under 22.5	P/Book is under 1.20
	P.E.	5.1	OK PE is under 15	-
	P/Book	0.44	OK P/Book is under 1.5	OK P/Book is under 1.2