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A cheap stock is the basis for future returns. Beside cheap fundamentals and pricing ratios of a company, the expected growth is an additional important item for investors. After the ongoing sell-off at the capital markets and new uncertainty due to the MF Global (OTC:MFGLQ) bankruptcy, there should be some bargains in relation to growth right now.

I screened the capital market by cheap large capitalized stocks -- those with market capitalizations of more than $10 billion and expected earnings growth of at least 25 percent for the next year. They must also have a price to earnings ratio of less than 15 and price to sales and price to book ratios of less than 1. Only five stocks fulfilled these criteria. Here are the results:

1. Sun Life Financial (SLF) is acting within the life insurance industry. The company is based in Canada and has a market capitalization of $13.8 billion, generates revenues in an amount of $21.3 billion and a net income of $1.8 billion. It follows P/E ratio is 7.6 and forward price to earnings ratio amounts to 7.8, Price/Sales 0.7 and Price/Book ratio 0.9. Dividend Yield: 6.2 percent. The expected earnings per share growth for the next year amounts to 323.6 and 9.8 percent for the upcoming five years.

2. Arcelor Mittal (MT) is acting within the steel and iron industry. The company is based in Luxembourg and has a market capitalization of $31.1 billion, generates revenues in an amount of $87.8 billion and a net income of $3.2 billion. Its following P/E ratio is 9.8 and forward price to earnings ratio amounts to 6.3, Price/Sales 0.4 and Price/Book ratio 0.5. Dividend Yield: 3.8 percent. The expected earnings per share growth for the next year amounts to 31.2 and 25.0 percent for the upcoming five years.

3. Honda Motor (HMC) is acting within the major auto manufacturing industry. The company is based in Japan and has a market capitalization of $54.5 billion, generates revenues in an amount of $109.4 billion and a net income of $3.9 billion. Its following P/E ratio amounts to 14.0 and forward price to earnings ratio amounts to 8.4, Price/Sales 0.5 and Price/Book ratio 0.9. Dividend Yield: 1.6 percent. The expected earnings per share growth for the next year amounts to 105.2 and 2.4 percent for the upcoming five years.

4. Morgan Stanley (JPM) is acting within the national investment brokerage industry. The company is based in the United States and has a market capitalization of $32.4 billion, generates revenues in an amount of $41.8 billion and a net income of $2.9 billion. Its following P/E ratio amounts to 9.9 and forward price to earnings ratio amounts to 7.9, Price/Sales 0.8 and Price/Book ratio 0.6. Dividend Yield: 1.2 percent. The expected earnings per share growth for the next year amounts to 34.8 and 11.8 percent for the upcoming five years.

5. Mitsui & Co. (OTCPK:MITSY) is acting within the conglomerates industry. The company is based in Japan and has a market capitalization of $25.9 billion, generates revenues in an amount of $54.7 billion and a net income of $4.1 billion. Its following P/E ratio amounts to 6.4 and forward price to earnings ratio amounts to 4.1, Price/Sales 0.5 and Price/Book ratio 0.9. Dividend Yield: 0 percent. The expected earnings per share growth for the next year amounts to 34.6 and 48.4 percent for the upcoming five years.

Source: 5 Cheap Large Caps With Best Expected Growth