During the last week The elEconomista.es portfolio managed to recover part of the profitability lost in previous weeks and is again close to 40% with dividends collected) of total return since its birth, in 2021. But, beyond what the past has written, we must look to the expectations of the future in order to achieve a portfolio composition that promises to beat the market .
One of the keys to this is having a set of stocks that trade at low multipliers or, at least, lower than the benchmark you are trying to beat. This is the case of the current composition of The portfoliowhich is listed at a PER (multiplied by the profit included in the share price) of 9.9 timeswhich implies a discount compared to the Ibex 35 of 9.4%.
Among the eight securities for which there are now open strategies, the low multiples of the two banks, BBVA and Santander, stand out, whose investment would be recovered in less than 6 years old through advantages. At Repsol, where we remember that there is a double position open, a 6.6x multiplier is paid while at Dominion the toll is 9.6 times.
On the other hand, at Acerinox, despite the bad stock market year, PER 10 is required you have to buy it now while in Sacyr and Viscofan this ratio rises to 15 and 19 times respectively. Finally, at Cellnex this is not yet an indicator to evaluate since no net profit is estimated this year.
