International Equity Strategy
MCM’s International Equity Strategy investment process focuses on identifying high quality companies with earnings growth potential based outside the U.S. Through quantitative screenings, investigative research and valuation analysis, we seek returns through long-term capital gains.
The strategy seeks long-term capital appreciation by owning equity securities and ETF’s of non-U.S. based companies. Our style is designed to meet a variety of investment objectives as we seek to provide consistent growth of principal.
The International Equity Strategy is an all-cap approach to investing that focuses on a bottom-up research. We start with a universe of several thousand companies that trade in the US equity markets using American Depositary Receipts (ADR) and exchange-traded funds. We sort this list down to a manageable number of investment alternatives through a rigorous series of proprietary quantitative screens that include earnings growth, cash flow and financial condition. Most candidates will be larger than $500 million. After this screening, companies undergo a thorough analysis focusing on qualitative factors such as growth potential, market position, proprietary advantages, management capabilities and insider ownership before investing.
Jonn Wullschleger, CFA – PM, Principal with Mitchell Capital since 2000, analyzing equities since 1991
Rich Jones – PM, Principal with Mitchell Capital since 1995, analyzing equities since 1978
Brandon Reed, CFA – PM with Mitchell Capital since 2016, analyzing equities since 2014
What sets this strategy apart?
Long-term management team with ownership in the firm and investments in the strategy
Commitment to established and successful process
Flexibility allowing for responsiveness to changes in economic environment
International Equity Strategy: March 31, 2020
|Free Cash Flow Yield||3.7%|
|Price / Book||4.8x|
|Debt / Equity||0.6x|
|Forward Price / Earnings||29.1x|
|Price / Earnings Growth||1.4x|
Top Ten Holdings
|iShares MSCI ACWI ex US||5.1|
|Open Text Corp||4.5|
|Alibaba Group Holdings||4.5|
|Elbit Systems Ltd||4.3|
|Median market cap||$42.4B|
About Mitchell Capital Management
Mitchell Capital Management (MCM) was founded in 1987 and is an SEC Registered Investment Advisor. The firm manages portfolios and provides investment solutions for an array of investors nationwide, including individuals, foundations, union pension plans, retirement plans, endowments and associations. MCM has always been employee owned and intends to stay that way. Our fiduciary culture means our clients are the first priority in each decision we make.