Wasatch International Fund, a small cap growth fund, purchased ten positions during the first quarter of 2015, according to GuruFocus Real Time Picks.
The International Fund was founded in 1975 by Sam Stewart, who applied his fundamental, bottom-up research method, focusing on long-term growth while finding market inefficiencies to the Fund. Over time, the firm began adding micro cap, value, international and mid-large cap funds.
Wasatch has 83 positions in its portfolio, with a total value around $1.3 billion and a 14% quarter over quarter turnover. The most heavily weighted sector in its portfolio is technology, which consists of 24.4% of total assets. Next is industrials, which is 17.9% and third is consumer cyclicals, which makes up 16.6% of its portfolio. Here's a look at the Fund's top new buys.
Gurunavi Inc (TSE:2440, Financial)
The Fund purchased 718,949 shares of TSE:2440 at an average price of ¥1950.42 a share. The stock now consists of 1.08% of its overall portfolio.
Gurunavi is a company that provides information on the internet about restaurants. The information can be obtained via PC, cellular phone, or car and navigational system.
The stock is currently trading at ¥1986 a share. According to the DCF calculator, TSE:2440 has an intrinsic value around ¥896.41, which indicates that the stock may currently be overvalued.
EBITDA per share for the trailing twelve months as of December 2014 was ¥97.08. Its growth rate for the past year was 7.10% and its growth rate over the past five years was 5.60% a year.
Earnings per share for the trailing twelve months was ¥60.70 and therefore, the P/E ratio is 32.72.
B&M European Value Retail SA (LSE:BME, Financial)
The Fund purchased 2,564,292 shares of LSE:BME at an average price of £3.07 a share. The stock makes up 0.91% of Wasatch's overall portfolio.
B&M is a general merchandise discount retailer in the UK and Germany. The company was incorporated in 2014.
BME is currently trading at £3.42 a share. According to the DCF calculator, the stock's intrinsic value is £0.59 a share, which indicates that it may currently be overvalued.
The company's current ratio is 2.24 as of September 2014, which indicates that B&M has good short-term financial strength.
The company has a financial strength rating of 4 out of 10.
ISC Co Ltd (XKRX:095340)
292,122 shares of ISC were purchased during the first quarter of 2015 at an average price of â‚©33862.5. The stock consists of 0.86% of the Fund's overall portfolio.
The company develops and produces test components for semiconfuctor and IT products.
ISO is currently trading at â‚©42200. According to the DCF calculator, the stock's intrinsic value is â‚©17614.4, which indicates that ISO may currently be overvalued.
EBITDA per share for the trailing twelve months as of March 2015 was â‚©1,866.26 Over the past five years, its growth rate was 43.10% a year.
ISO's current ratio is 3.22, which means that the company may not be efficiently using its current assets, or there is an issue with capital managment.
For more information on the Fund's portfolio, click here.
