Up from a week ago, 89 U.S. companies and more than 100 other companies worldwide are currently listed as undervalued and predictable. When GuruFocus applies discounted cash flow and discounted earnings to top ranked predictable companies, and calculates their intrinsic values, these companies appear to be undervalued. Read more about the assumptions and methodology used here.
Measuring by the discounted cash flow model and the discounted earning model, here are three undervalued, predictable companies, up over 12 months. Note the yields and placement in billionaire portfolios, as of June 30, 2013:
Inter Parfums Inc. (IPAR, Financial) – Yield 1.38%
Predictability: 3.5 Stars
Founded originally in 1985, Inter Parfums Inc. manufactures, markets and distributes various fragrances and fragrance related products.
Up 65% over 12 months, Inter Parfums Inc. has a market cap of $907.3 million, and trades at a P/E of 6.30 and a P/B of 2.20. The current share price is around $29.10. Under the discounted cash flow model the valuation is $8.00 with a -264% discount. The discounted earning valuation is $127 with a discount of 77%.
Guru Action: As of June 30, 2013, six billionaires hold IPAR shares with active inside traders.
The top Guru stakeholder is Chuck Royce 3.69% of shares outstanding, or 1,137,140 shares as of July 31, 2013, when he reduced his position by 31.6%%%. After five years of remarkable gains, he sold 1,415,826 shares at an average price of $29.09 for a gain of 1.3%.
He has averaged a gain of 52% on 550,717 shares bought at an average price of $19.40 per share over a sixteen-quarter holding history. He has also gained 27% on 2,699,595 shares sold at an average price of $23.20 per share.
In the second quarter of 2013, Joel Greenblatt and Murray Stahl increased their positions by 77.67% and 13.56%, respectively. New buys of 69,713 shares and 15,900 shares were made by Jim Simons and Paul Tudor Jones, respectively. Both Gurus bought at $29.09 per share for a gain of 1.3%.
Historical pricing, revenue and net income:
Atrion Corporation (ATRI, Financial) – Yield 0.96%
Predictability: 5 Stars
Atrion Corporation and its subsidiaries develop and manufacture products for medical applications. The company’s medical products range from fluid delivery devices to ophthalmic and cardiovascular products.
Up 13% over 12 months, Atrion Corporation has a market cap of $488.7 million, and trades at a P/E of 20.40 and a P/B of 3.40. The current share price is around $242.89. Under the discounted cash flow model the valuation is $74 with a -228% discount. The discounted earning valuation is $277 with a discount of 12%.
Guru Action: As of June 30, 2013, there are three billionaires holding ATRI shares, and no recent insider trading activities to report.
The top Guru stakeholder is Chuck Royce with 256,993 shares or 12.8% of shares outstanding, after he increased his position by 4.91% as of June 30, 2013. Royce bought 12,036 shares at an average price of $206.19 for a gain of 18.1%. In a five-year trading history, he has averaged a gain of 62% on 161,384 shares bought at an average price of $150.67 per share. On 44,241 shares sold at an average price of $183.75, he gained 32%.
In the same quarter, Jim Simons increased his position by 32.31%, buying 2,100 shares at an average price of $206.19 for a gain of 18.1%. Making a new buy of 1,002 shares, Joel Greenblatt also paid an average price of $206.19 for a gain of 18.1%.
Historical pricing, revenue and net income:
Espey Manufacturing & Electronics (ESP, Financial) – Yield 3.57%
Predictability: 4 Stars
Incorporated in 1928, Espey Manufacturing & Electronics Corp. is engaged in the development, design, production and sale of specialized electronic power supplies, a wide variety of transformers and other types of iron-core components, and electronic system components.
Up 9% over 12 months, Espey Manufacturing & Electronics Corp. has a market cap of $65.4 million, and trades at a P/E of 11.30 and a P/B of 2.10. The current share price is around $28.20. Under the discounted cash flow model the valuation is $10.00 with a -182% discount. The discounted earning valuation is $49 with a discount of 49%.
Guru Action: As of June 30, 2013, one billionaire holds ESP shares, and two insiders are trading.
The sole Guru stakeholder is Jim Simons with 73,800 shares or 3.15% of shares outstanding, after he increased his position by 1.51% as of June 30, 2013. He bought 1,100 shares at an average price of $25.45 for a 10% gain. In a remarkable five-year history of gain, he has averaged a gain of 20% on 40,000 shares bought at an average price of $23.38 per share. On 6,800 shares sold at an average price of $18.03 he has gained 55%.
Historical pricing, revenue and net income:
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Measuring by the discounted cash flow model and the discounted earning model, here are three undervalued, predictable companies, up over 12 months. Note the yields and placement in billionaire portfolios, as of June 30, 2013:
Inter Parfums Inc. (IPAR, Financial) – Yield 1.38%
Predictability: 3.5 Stars
Founded originally in 1985, Inter Parfums Inc. manufactures, markets and distributes various fragrances and fragrance related products.
Up 65% over 12 months, Inter Parfums Inc. has a market cap of $907.3 million, and trades at a P/E of 6.30 and a P/B of 2.20. The current share price is around $29.10. Under the discounted cash flow model the valuation is $8.00 with a -264% discount. The discounted earning valuation is $127 with a discount of 77%.
Guru Action: As of June 30, 2013, six billionaires hold IPAR shares with active inside traders.
The top Guru stakeholder is Chuck Royce 3.69% of shares outstanding, or 1,137,140 shares as of July 31, 2013, when he reduced his position by 31.6%%%. After five years of remarkable gains, he sold 1,415,826 shares at an average price of $29.09 for a gain of 1.3%.
He has averaged a gain of 52% on 550,717 shares bought at an average price of $19.40 per share over a sixteen-quarter holding history. He has also gained 27% on 2,699,595 shares sold at an average price of $23.20 per share.
In the second quarter of 2013, Joel Greenblatt and Murray Stahl increased their positions by 77.67% and 13.56%, respectively. New buys of 69,713 shares and 15,900 shares were made by Jim Simons and Paul Tudor Jones, respectively. Both Gurus bought at $29.09 per share for a gain of 1.3%.
Historical pricing, revenue and net income:
Atrion Corporation (ATRI, Financial) – Yield 0.96%
Predictability: 5 Stars
Atrion Corporation and its subsidiaries develop and manufacture products for medical applications. The company’s medical products range from fluid delivery devices to ophthalmic and cardiovascular products.
Up 13% over 12 months, Atrion Corporation has a market cap of $488.7 million, and trades at a P/E of 20.40 and a P/B of 3.40. The current share price is around $242.89. Under the discounted cash flow model the valuation is $74 with a -228% discount. The discounted earning valuation is $277 with a discount of 12%.
Guru Action: As of June 30, 2013, there are three billionaires holding ATRI shares, and no recent insider trading activities to report.
The top Guru stakeholder is Chuck Royce with 256,993 shares or 12.8% of shares outstanding, after he increased his position by 4.91% as of June 30, 2013. Royce bought 12,036 shares at an average price of $206.19 for a gain of 18.1%. In a five-year trading history, he has averaged a gain of 62% on 161,384 shares bought at an average price of $150.67 per share. On 44,241 shares sold at an average price of $183.75, he gained 32%.
In the same quarter, Jim Simons increased his position by 32.31%, buying 2,100 shares at an average price of $206.19 for a gain of 18.1%. Making a new buy of 1,002 shares, Joel Greenblatt also paid an average price of $206.19 for a gain of 18.1%.
Historical pricing, revenue and net income:
Espey Manufacturing & Electronics (ESP, Financial) – Yield 3.57%
Predictability: 4 Stars
Incorporated in 1928, Espey Manufacturing & Electronics Corp. is engaged in the development, design, production and sale of specialized electronic power supplies, a wide variety of transformers and other types of iron-core components, and electronic system components.
Up 9% over 12 months, Espey Manufacturing & Electronics Corp. has a market cap of $65.4 million, and trades at a P/E of 11.30 and a P/B of 2.10. The current share price is around $28.20. Under the discounted cash flow model the valuation is $10.00 with a -182% discount. The discounted earning valuation is $49 with a discount of 49%.
Guru Action: As of June 30, 2013, one billionaire holds ESP shares, and two insiders are trading.
The sole Guru stakeholder is Jim Simons with 73,800 shares or 3.15% of shares outstanding, after he increased his position by 1.51% as of June 30, 2013. He bought 1,100 shares at an average price of $25.45 for a 10% gain. In a remarkable five-year history of gain, he has averaged a gain of 20% on 40,000 shares bought at an average price of $23.38 per share. On 6,800 shares sold at an average price of $18.03 he has gained 55%.
Historical pricing, revenue and net income:
Try a GuruFocus Global Premium Membership to access companies around the world.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors. GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
If you are not yet a Premium Member, try a 7-day Free Trial.
