Wasatch International Growth

Wasatch International Growth Premium Guru

Last Update: 06-06-2017

Number of Stocks: 84
Number of New Stocks: 3

Total Value: $1,319 Mil
Q/Q Turnover: 8%

Countries: USA FIN SGP DNK GBR SWE JPN CAN DEU TWN KOR AUS IDN FRA ITA AUT IND ZAF NZL HKG TUR NOR MEX CHE COL PHL
Details: Top Buys | Top Sales | Top Holdings  Embed:

Wasatch International Growth' s Profile & Performance

Profile

Wasatch International Growth Fund (WAIGX) was established on 6/28/2002. The Fund seeks long-term growth of capital by investing primarily in foreign growth companies domiciled in developed and emerging markets. Wasatch International Growth Fund is managed by Roger Edgley since 1/31/2006.

Web Page:https://secure.wasatchfunds.com/Our-Funds/Management.aspx?fund=WAIGX

Investing Philosophy

“Portfolio Manager Roger Edgley is most interested in finding companies with following characteristics: Potential for significant and sustained revenue and earnings growth; experienced, proven management team; high return on capital; sustainable competitive advantage; market leadership and/or growing market share; ability to capitalize on favorable long-term trends; strong financial health and controls; reasonable use of debt; attractive valuation.”

“We use a bottom-up process of fundamental analysis to look for individual companies that we believe are high-quality, stable, and have the potential to grow earnings for long periods of time. To determine that a company has these characteristics, Roger takes the following approach:

(1) Screening
Using financial databases, he screens for companies demonstrating high-quality growth.

(2) Deep Due Diligence
We use a thorough and collaborative process to understand the companies in which we invest. We study the company, its competitors, and its industry. We talk with management to verify the quality of the leadership and gain deeper insight for the company’s prospects and risks. We call competitors, suppliers, and customers to make sure we have a complete picture of the landscape. Meanwhile, we are constantly talking with other Wasatch portfolio managers and analysts in order to leverage the knowledge, perspective, and insight of the broader Wasatch team in every investment decision.

(3) Earnings Models
We build proprietary earnings models in order to analyze a company’s key growth drivers.

(4) Valuation
We consider a variety of appropriate valuation metrics (e.g. Price to Earnings, Enterprise Value to EBITDA, Price to Book, etc.) to assess the potential return and the risk/reward trade-off of each stock.”

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Wasatch International Growth F

YearReturn (%)S&P500 (%)Excess Gain (%)
2016-8.4711.96-20.4
201515.211.3813.8
2014-9.0513.69-22.7
3-Year Cumulative-4.1 (-1.4%/year)29 (8.9%/year)-33.1 (-10.3%/year)
201326.4232.39-6.0
201233.081617.1
5-Year Cumulative61.4 (10%/year)98.2 (14.7%/year)-36.8 (-4.7%/year)
2011-12.042.11-14.1
201034.2415.0619.2
200964.1926.4637.7
2008-53.93-37-16.9
200712.475.497.0
10-Year Cumulative62.1 (4.9%/year)95.7 (6.9%/year)-33.6 (-2%/year)
200623.7915.798.0
200518.374.9113.5
200422.9310.8812.1
200344.9628.6816.3

Top Ranked Articles

Wasatch Invests in 7 New Holdings Largest purchase is stake in Taiwan-based window treatment company
Wasatch International Growth (Trades, Portfolio) invested in seven new holdings in the third quarter. All but one are new to the portfolio; the exception had a brief presence in the fund’s portfolio in the last five years. Wasatch is the only guru shareholder of all seven companies. Read more...
Wasatch Invests in British, Canadian Companies in 1st Quarter Fund divested 5 stocks from portfolio
The Wasatch International Growth (Trades, Portfolio) Fund, managed by Roger Edgley, gained three new holdings and divested five others during the first quarter. Read more...
Wasatch International Gains 8 in 2nd Quarter Fund adds diverse companies to portfolio
Wasatch International Growth (Trades, Portfolio) Fund acquired eight new holdings in the second quarter. They are Cochlear Ltd. (ASX:COH), ASOS PLC (LSE:ASC), Melexis NV (XBRU:MELE), Clicks Group Ltd. (JSE:CLS), Security Bank Corp. (PHS:SECB), Zooplus AG (XTER:ZO1), Cholamandalam Investment and Finance Co. Ltd. (BOM:511243) and Colgate-Palmolive Ltd. (BOM:500830). Read more...
» More Wasatch International Growth Articles

Commentaries and Stories

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Rating: 5.0/5 (1 vote)

Office Space Provider Is a Good Stock to Follow IWG sublets office space to small companies and could continue to do well Oakmark Intl Small Cap,Wasatch International Growt - Office Space Provider Is A Good Stock To Follow
IWG PLC (IWGFF) is a provider of office space for individuals and small businesses. The stock has done well and could continue to do so with changes in retail. More...

OFFICE SPACE


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Badger Daylight Down With Energy and Has an Activist Investor Badger is a profitable company and could do well with new infrastructure spending Wasatch International Growth - Badger Daylight Down With Energy And Has An Activist Investor
Badger Daylight (BADFF) is a Canadian excavator that gets the bulk of its revenues in the U.S. The stock is down with a loss of sales from the energy industry and has attracted an activist investor. More...

DAYLIGHTING


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Wasatch Invests in British, Canadian Companies in 1st Quarter Fund divested 5 stocks from portfolio Wasatch International Growth - Wasatch Invests In British, Canadian Companies In 1st Quarter
The Wasatch International Growth (Trades, Portfolio) Fund, managed by Roger Edgley, gained three new holdings and divested five others during the first quarter. More...

WASATCH,INTERNATIONAL,GROWTH,1Q,TRADES


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Roger Edgley's Wasatch Letter: Broad Recovery Across International Markets Marked 2017’s First Quarter Wasatch International Growth Fund shareholder letter Wasatch International Growth - Roger Edgley's Wasatch Letter: Broad Recovery Across International Markets Marked 2017’s First Quarter
Overview More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Wasatch Invests in 7 New Holdings Largest purchase is stake in Taiwan-based window treatment company Wasatch International Growth - Wasatch Invests In 7 New Holdings
Wasatch International Growth (Trades, Portfolio) invested in seven new holdings in the third quarter. All but one are new to the portfolio; the exception had a brief presence in the fund’s portfolio in the last five years. Wasatch is the only guru shareholder of all seven companies. More...

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Rating: 0.0/5 (0 votes)

Wasatch International Gains 8 in 2nd Quarter Fund adds diverse companies to portfolio Wasatch International Growth - Wasatch International Gains 8 In 2nd Quarter
Wasatch International Growth (Trades, Portfolio) Fund acquired eight new holdings in the second quarter. They are Cochlear Ltd. (ASX:COH), ASOS PLC (LSE:ASC), Melexis NV (XBRU:MELE), Clicks Group Ltd. (JSE:CLS), Security Bank Corp. (PHS:SECB), Zooplus AG (XTER:ZO1), Cholamandalam Investment and Finance Co. Ltd. (BOM:511243) and Colgate-Palmolive Ltd. (BOM:500830). More...

INTERNATIONAL, ASIA, EUROPE, AUSTRALIA, AFRICA, BUYS


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Wasatch Invests in British-Based Companies All but 1 of guru's new buys are in United Kingdom Wasatch International Growth - Wasatch Invests In British-Based Companies
Frequently – but not always – the majority of Wasatch International Growth (Trades, Portfolio)’s quarterly new buys are concentrated in a particular region or country. Of Wasatch’s nine new buys in the fourth quarter, eight involved companies based in the United Kingdom. More...

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Wasatch Focuses on Taiwanese Companies in 3rd Quarter Fund's biggest deal was sale of stake in German financial services company Wasatch International Growth - Wasatch Focuses On Taiwanese Companies In 3rd Quarter
Wasatch International Growth (Trades, Portfolio) Fund seeks out investment opportunities wherever they may be – but especially in emerging markets. The Fund’s third-quarter emphasis appears to have been on Taiwanese companies, at least in its largest transactions, but its overall activity extended to all corners of the world. More...

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Wasatch Invests in 13 New Stakes in Second Quarter Purchase of Canadian auto parts maker tops list Wasatch International Growth - Wasatch Invests In 13 New Stakes In Second Quarter
In its ongoing search for growth companies in emerging markets, Wasatch International Growth (Trades, Portfolio) found 13 companies in which to buy new stakes in the second quarter. More...

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Wasatch International Growth Fund Comments on Patrizia Immobilien AG
Patrizia Immobilien AG (XTER:P1Z) has been transforming itself from a pure residential property owner in Germany to a pan European real-estate asset manager. Management is committed to deep research on the company’s markets, and has one of the strongest reputations in Europe. This transition is leading to an improvement in the quality and returns of Patrizia Immobilien’s business, which is now starting to be recognized by the market. More...

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Wasatch International Growth Fund Comments on KEPCO Plant Service & Engineering Co
KEPCO Plant Service & Engineering Co. (XKRX:051600) operates and maintains power plants. The contracts the company signs with the plant owners tend to be long term in nature, and are typically renewed upon completion, providing a long-term recurring revenue stream. KEPCO Plant Service has expanded outside of Korea, with the overseas portion comprising nearly 15% of revenues and providing a boost to growth over the long term. More...

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Wasatch International Growth Fund Comments on Medy-Tox
Medy-Tox, Inc. (XKRX:086900) has developed the next generation of Botox and has a strong supply partner in Allergan§§ to distribute it globally. Medy-Tox’s new product, Innotox, has a number of benefits over Botox such as greater stability, no animal by-products, and greater precision when mixing the final solution. The market applications for Innotox and Botox are increasing, both for cosmetic purposes and for therapeutic uses. The founder of Medy-Tox is a scientist and continues to drive new-product innovation at the company. More...

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Wasatch International Growth Fund Comments on ISC Co Ltd
Over the past nine months, we have added three Korean companies to the Fund. ISC Co. Ltd. (XKRX:095340) has a leading technology in the test socket market for semiconductors. The product is consumable, which we believe will generate strong recurring sales going forward. The company has high inside ownership and is still run by its founder. More...

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Wasatch International Growth Fund Comments on Pigeon Corp
Pigeon Corp. (TSE:7956) manufactures baby bottles and has over 80% of the market share in Japan. The company is aggressively taking its strong brand to overseas markets. The overseas business now contributes 74% of earnings, up from 49% four years ago. Sales to international markets have grown at an annualized 22% over the past four years. Pigeon is now leveraging its brand to expand its product line into diapers for the Chinese market. More...

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Wasatch International Growth Fund Comments on Calbee Inc
Calbee, Inc. (TSE:2229) dominates the snack-food market in Japan with market share of over 50%. The company has an enviable brand, though for many years Calbee was only able to generate single-digit margins, far lower than its global peers. The current CEO, Akira Matsumoto, previously worked at Johnson & Johnson‡ and has brought a focused discipline to margins and returns on capital. Mr. Matsumoto has also led an aggressive push into international markets, growing Calbee’s international business by an annualized 57% over the past four years. His leadership is one of the key reasons the company’s return on equity (ROE)‡‡ has nearly doubled over the same time frame. More...

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Wasatch International Growth Fund Comments on Misumi Group Inc
Misumi Group, Inc. (TSE:9962) manufactures machinery parts for industrial use. Management’s focus is to improve delivery times and expand its global footprint. It has done this through the introduction of a new enterprise resource planning (ERP) system, as well as through automation in its factories. For example, at the start of 2014, it took Misumi 13 days to process a large order in its China plant. Today, it can process the same order in five days. The company has strengthened the supply chain between Japan, China and Vietnam and is building efficiency that will be difficult for rivals to match. This has enabled the introduction of an online ordering site, which is rapidly gaining traction and expanding the customer base. More...

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Wasatch International Growth Fund Q1 2015 Commentary
Overview More...

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Wasatch International Growth Fund Comments on Rotork plc
We see Rotork plc (LSE:ROR) as a high-quality industrials company. Rotork provides control automation to pipelines, refineries, power plants, wastewater plants, etc. Less than half of its business is exposed to the oil and gas industry and that is primarily in the form of maintenance revenues, leaving the company less exposed to capital-spending cycles. However, during price meltdowns, the market doesn’t differentiate and Rotork was a detractor for the quarter. Once the dust settles, we believe investors will once again realize that Rotork is a global market leader with a large growth opportunity backed by strong cash flows, high returns, and a conservative and capable management team. (Current and future holdings are subject to risk.) More...

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Wasatch International Growth Fund Comments on ShawCor Ltd
ShawCor Ltd. (Canada) (TSX:SCL) was one of the largest detractors during the fourth quarter. The company is the global leader in oil and gas pipe coating solutions (think anti-corrosion, flow protection) with more than 30% global market share in an otherwise fragmented industry. Scale matters in this business and there is a continual need to innovate and fund research and development, which enables ShawCor to win larger and more complex projects. Given the company’s market-leading position, we believe it will emerge from the energy downturn in an even stronger position. More...

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Wasatch International Growth Fund Comments on Domino's Pizza Group PLC
Last quarter we highlighted Domino’s Pizza in Australia as a top contributor, and this quarter Domino’s Pizza U.K. (LSE:DOM) made it onto the podium. Similar to its Australian counterpart, domestic sales have been strong with double digit like-for-like sales‡‡ growth along with improved efficiency thanks to technological innovation. One key difference between these two Domino’s businesses is that international sales have been weak for Domino’s Pizza U.K. The company owns the master franchise for Germany, which has proven more challenging than expected. The good news is that expectations for a turnaround in the business have been removed from the stock and we continue to believe the long-term opportunity is tremendous. More...

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