Donald Smith (Trades, Portfolio) & Co. invests in deep-value stocks using an entirely bottom-up approach. Another important aspect of their investing style is that they typically buy stocks with the lowest price-to-tangible book value ratios on the market.
Donald Smith (Trades, Portfolio) has been with the company for 33 years, and is the president and chief investment officer. His portfolio is currently valued at $5.1 billion and contains 76 stocks. Two of the stocks are new buys of the first quarter: Noble Corp PLC (NYSE:NE) and Tidewater Inc. (NYSE:TDW).
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- TDW 15-Year Financial Data
- The intrinsic value of TDW
- Peter Lynch Chart of TDW
Tidewater Inc. (NYSE:TDW)
Smith bought 36,900 shares of Tidewater Inc., granting it a mere 0.035% of his portfolio. The company’s share price averaged $51 in the first quarter.
Tidewater Inc., a Delaware corporation was incorporated in 1956, conducts its operations through wholly owned subsidiaries and joint ventures. Tidewater Inc. has a market cap of $2.73 billion; its shares were traded at around $54.82 with a P/E ratio of 19.70 and P/S ratio of 1.90. The dividend yield of Tidewater Inc. stocks is 1.80%. Tidewater Inc. had an annual average earnings growth of 0.80% over the past 10 years.
Tidewater’s P/B ratio: 1.0
P/B ratio history:
Noble Corp PLC (NYSE:NE)
Smith purchased 2,712,392 shares of Noble Corp PLC in the first quarter, encompassing 1.7% of the portfolio. The stock’s first quarter price averaged $32 per share.
Noble Corporation is a Swiss corporation. The company is an offshore drilling contractor for the oil and gas industry. Noble Corp Plc has a market cap of $8.65 billion; its shares were traded at around $34.01 with a P/E ratio of 9.80 and P/S ratio of 1.90. The dividend yield of Noble Corp Plc stocks is 3.70%. Noble Corp Plc had an annual average earnings growth of 14.10% over the past 10 years.
Noble Corp’s P/B ratio: 1.0
Noble Corp’s P/B ratio history: