Wasatch International Growth (Trades, Portfolio) Fund acquired eight new holdings in the second quarter. They are Cochlear Ltd. (ASX:COH, Financial), ASOS PLC (LSE:ASC, Financial), Melexis NV (XBRU:MELE, Financial), Clicks Group Ltd. (JSE:CLS, Financial), Security Bank Corp. (PHS:SECB, Financial), Zooplus AG (XTER:ZO1), Cholamandalam Investment and Finance Co. Ltd. (BOM:511243) and Colgate-Palmolive Ltd. (BOM:500830).
Wasatch International was established in June 2002 and has been managed by Roger Edgley since 2006. The fund seeks long-term growth of capital in foreign companies in both developed and emerging markets. The fund uses a bottom-up process of fundamental analysis in evaluating companies.
Cochlear
In Cochlear, the fund purchased 209,609 shares for an average price of 113.98 Australian dollars ($85.87) per share. The transaction had an impact of 1.39% on the portfolio.
Cochlear, which is based in Australia, is a global biotechnology company that designs, manufactures and supplies the Nucleus Cochlear implant, the Hybrid electro-acoustic implant and the Baha bone conduction implant. Cochlear implants help users who are deaf, or partially deaf, hear.
The company has a market cap of 8.2 billion Australian dollars with an enterprise value of 8.3 billion Australian dollars. It has a price-earnings (P/E) ratio of 46.6 and a price-book (P/B) ratio of 19.6.
ASOS
In ASOS, the fund purchased 353,841 shares for an average price of 36.07 pounds ($47.26) per share. The transaction had an impact of 1.37% on the portfolio.
ASOS is an online fashion and beauty retailer based in the U.K. It has a market cap of 3.8 billion pounds with an enterprise value of 3.7 billion pounds. It has a P/E of 102.6 with a forward P/E of 60.9. It has a P/B of 17.6 and a price-sales (P/S) ratio of 3.3.
GuruFocus ranked its financial strength 8 of 10. Its Piotroski F-Score is 7, indicating a healthy financial condition. Its Altman Z-Score is 13.2, placing it in the safe zone. The company has no debt.
GuruFocus ranked the company’s profitability and growth 8 of 10. Its operating margin is 3.9%, and its net margin is 2.9%. It has a return on equity (ROE) of 16.63% and a return on assets (ROA) of 8.1%, ranking ASOS above 78% of other companies in the industry.
Melexis
In Melexis, the fund purchased 108,895 shares for an average price of 51.15 euros ($57.03) per share. The transaction had an impact of 1.05% on the portfolio.
Melexis is a global supplier of semiconductors and is headquartered in Belgium. It has a market cap of 2.4 billion euros with an enterprise value of 2.3 billion euros. It has a P/E of 25.3 with a forward P/E of 24.6. Its P/B is 9.05, and its P/S is 5.7.
GuruFocus ranked the company’s financial strength 8 of 10. Its Piotroski F-Score is 5, indicating a stable financial condition. Its Altman Z-Score is 25.3, placing it in the safe zone. The company’s cash-debt ratio is 5.9, above the industry median of 1.66.
GuruFocus ranked its profitability and growth 8 of 10. Its operating margin is 25.8% and its net margin is 22.8%. Its ROE is 38.03%, and its ROA is 30.12%, ranking Melexis above 99% of other companies in the industry.
Clicks Group
In Clicks Group, the fund purchased 1,497,727 shares for an average price of 107.9 South African rand ($7.45) per share. The transaction had an impact of 0.91% on the portfolio.
Clicks Group, a South African company, is a retail-led health care group and has brands such as GNC, Claire’s, Musica and The Body Shop.
The company has a market cap of 29.3 billion rand with an enterprise value of 29.3 billion rand. It has a P/E of 30.3 and a P/B of 15.5.
Security Bank
In Security Bank, the fund purchased 1,616,290 shares for an average price of 187.9 Philippine pesos ($4.04) per share. The transaction had an impact of 0.48% on the portfolio.
Security Bank, located in the Philippines, is a universal bank that serves corporate, institutional, commercial and consumer clients. It has a market cap of 165.5 billion pesos with an enterprise value of 81.3 billion pesos. It has a P/E of 17.3 with a forward P/E of 16.2. Its P/B is 1.7, and its P/S is 7.6.
GuruFocus ranked the company’s financial strength 6 of 10. Its Piotroski F-Score is 2, indicating a poor financial condition. Its cash-debt ratio is 6.9, above the industry median of 2.23.
GuruFocus ranked its profitability and growth 6 of 10. The company’s operating margin is 46.8% and its net margin is 43.5%. Its ROE is 12.8, and its ROA is 1.5%, ranking the company above 79% of other companies in the industry.
Zooplus
In Zooplus, the fund purchased 23,617 shares for an average price of 123.23 euros per share. The transaction had an impact of 0.24% on the portfolio.
Zooplus, a German company, is an online retailer for pet supplies. It has a market cap of 881.4 million euros with an enterprise value of 825.2 million euros. It has a P/E of 97.6 with a forward P/E of 82.6. Its P/B is 8.7, and its P/S is 1.1.
GuruFocus ranked the retailer’s financial strength 9 of 10. Its Piotroski F-Score is 5, indicating a stable financial condition. Its Altman Z-Score is 12.9, placing it in the safe zone. The company has no debt.
GuruFocus ranked the company’s profitability and growth 6 of 10. Its operating margin is 1.7%, and its net margin is 1.1%. Its ROE is 9.6%, and its ROA is 5.6%, ranking it above other companies in the industry.
Cholamandalam Investment
In Cholamandalam, the fund purchased 201,944 shares for an average price of 877.09 rupees ($13.06) per share. The transaction had an impact of 0.21% on the portfolio.
Cholamandalam Investment, an Indian company, provides financial services to its customers. Its services include vehicle financing, home loans, SME loans, investment advisory and stock broking. It has a market cap of 181.9 billion rupees with an enterprise value of 181.9 billion rupees. It has a P/E of 29.7, a P/B of 5.2 and a P/S of 4.3.
GuruFocus ranked the company’s financial strength 5 of 10 and its profitability and growth 6 of 10. Its operating margin is 22.2%, and its net margin is 14.5%. Its ROE is 30.6%, ranking it above 91% of the companies in its industry. Its ROA is 4.1%, ranking it above 65% of companies in its industry.
Colgate-Palmolive
In Colgate-Palmolive, the fund purchased 168,455 shares for an average price of 849.4 rupees per share. The transaction had an impact of 0.17% on the portfolio.
Colgate-Palmolive, an Indian company, manufactures oral care and personal care products. It has a market cap of 254.8 billion rupees with an enterprise value of 254.8 billion rupees. It has a P/E of 43.4, a P/B of 25.01 and a P/S of 5.9.
GuruFocus ranked the company’s financial strength 8 of 10 and its profitability and growth 6 of 10. Its operating margin is 20.1%, and its net margin is 13.7%. Its ROE is 103.8% and its ROA is 52.6%, ranking it 99% above other companies in the industry.
Disclosure: I do not own stock in any companies mentioned in the article.
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