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Everybody is talking about the euro and the related debt crisis. The economies in Europe realize a significant slowdown. In addition, stock markets within these countries have shown a really bad performance year-to-date but this unpopularity gives investors a great opportunity to invest in hidden champions or even to find stocks with attractive valuations.

I screened all stocks with headquarters in Europe and listing in America by a positive dividend yield as well as a beta ratio of less than one (lower volatility than the market). In order to screen only highly liquid stocks, I decided to present only those companies with a market capitalization above $10 billion. Twenty stocks remained of which nine have a P/E ratio below 15. These are the detailed results:

1. France Telecom (FTE) has a market capitalization of $33.15 billion. The company generates revenue of $57,520.17 million and has a net income of $4,863.11 million. The firm's Earnings Before Interest Taxes Amortization ((EBITDA)) amounts to $18,776.60 million. The EBITDA margin is 32.64% (operating margin 17.55% and the net profit margin 8.45%).

The total debt represents 43.35% of the company's assets and the total debt in relation to the equity amounts to 151.06%. Last fiscal year, a return on equity of 13.75% was realized. Twelve trailing months earnings per share reached a value of $1.82. Last fiscal year, the company paid $1.78 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 6.91, Price/Sales 0.58 and Price/Book ratio 0.95. Dividend Yield: 14.79%. The beta ratio is 0.77.

2. AstraZeneca (NYSE:AZN) has a market capitalization of $55.25 billion. The company generates revenue of $33,591.00 million and has a net income of $10,016.00 million. The firm's EBITDA amounts to $14,792.00 million. The EBITDA margin is 44.04% (operating margin 38.09% and the net profit margin 29.82%).

The total debt represents 17.66% of the company's assets and the total debt in relation to the equity amounts to 40.13%. Last fiscal year, a return on equity of 42.98% was realized. Twelve trailing months earnings per share reached a value of $6.49. Last fiscal year, the company paid $2.80 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 6.70, Price/Sales 1.63 and Price/Book ratio 2.42. Dividend Yield: 6.44%. The beta ratio is 0.64.

3. National Grid (NYSE:NGG) has a market capitalization of $38.28 billion. The company generates revenue of $21,737.15 million and has a net income of $3,202.74 million. The firm's EBITDA amounts to $7,450.54 million. The EBITDA margin is 34.28% (operating margin 25.08% and the net profit margin 14.73%).

The total debt represents 48.64% of the company's assets and the total debt in relation to the equity amounts to 249.22%. Last fiscal year, a return on equity of 22.25% was realized. Twelve trailing months earnings per share reached a value of $4.46. Last fiscal year, the company paid $3.09 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 11.59, Price/Sales 1.70 and Price/Book ratio 2.64. Dividend Yield: 6.02%. The beta ratio is 0.63.

4. Vodafone Group (NASDAQ:VOD) has a market capitalization of $138.12 billion. The company generates revenue of $72,944.86 million and has a net income of $11,005.30 million. The firm's EBITDA amounts to $16,293.43 million. The EBITDA margin is 22.34% (operating margin 24.10% and the net profit margin 15.09%).

The total debt represents 24.80% of the company's assets and the total debt in relation to the equity amounts to 45.00%. Last fiscal year, a return on equity of 8.46% was realized. Twelve trailing months earnings per share reached a value of $2.13. Last fiscal year, the company paid $1.50 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 13.15, Price/Sales 1.89 and Price/Book ratio 1.15. Dividend Yield: 5.32%. The beta ratio is 0.78.

5. GlaxoSmithKline (NYSE:GSK) has a market capitalization of $114.27 billion. The company generates revenue of $43,038.99 million and has a net income of $8,577.31 million. The firm's EBITDA amounts to $14,470.48 million. The EBITDA margin is 33.62% (operating margin 28.50% and the net profit margin 19.93%).

The total debt represents 36.27% of the company's assets and the total debt in relation to the equity amounts to 185.52%. Last fiscal year, a return on equity of 62.19% was realized. Twelve trailing months earnings per share reached a value of $3.15. Last fiscal year, the company paid $2.20 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 14.64, Price/Sales 2.67 and Price/Book ratio 9.21. Dividend Yield: 4.94%. The beta ratio is 0.63.

6. Sanofi (NYSE:SNY) has a market capitalization of $96.53 billion. The company generates revenue of $44,537.89 million and has a net income of $6,179.25 million. The firm's EBITDA amounts to $13,000.06 million. The EBITDA margin is 29.19% (operating margin 16.18% and the net profit margin 13.87%).

The total debt represents 15.41% of the company's assets and the total debt in relation to the equity amounts to 27.46%. Last fiscal year, a return on equity of 10.42% was realized. Twelve trailing months earnings per share reached a value of $2.72. Last fiscal year, the company paid $1.68 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 13.39, Price/Sales 2.16 and Price/Book ratio 1.35. Dividend Yield: 4.63%. The beta ratio is 0.88.

7. Pearson (NYSE:PSO) has a market capitalization of $15.59 billion. The company generates revenue of $9,212.20 million and has a net income of $1,502.36 million. The firm's EBITDA amounts to $2,278.69 million. The EBITDA margin is 24.74% (operating margin 20.91% and the net profit margin 16.31%).

The total debt represents 18.21% of the company's assets and the total debt in relation to the equity amounts to 34.46%. Last fiscal year, a return on equity of 16.67% was realized. Twelve trailing months earnings per share reached a value of $1.88. Last fiscal year, the company paid $0.66 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 10.18, Price/Sales 1.69 and Price/Book ratio 1.64. Dividend Yield: 3.52%. The beta ratio is 0.77.

8. ACE Limited (NYSE:ACE) has a market capitalization of $24.72 billion. The company generates revenue of $16,834.00 million and has a net income of $1,585.00 million. The firm's EBITDA amounts to $4,861.00 million. The EBITDA margin is 28.88% (operating margin 12.68% and the net profit margin 9.42%).

The total debt represents 5.27% of the company's assets and the total debt in relation to the equity amounts to 18.81%. Last fiscal year, a return on equity of 6.68% was realized. Twelve trailing months earnings per share reached a value of $6.72. Last fiscal year, the company paid $1.38 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 10.87, Price/Sales 1.47 and Price/Book ratio 1.00. Dividend Yield: 2.69%. The beta ratio is 0.74.

9. Covidien (NYSE:COV) has a market capitalization of $25.81 billion. The company generates revenue of $11,574.00 million and has a net income of $1,883.00 million. The firm's EBITDA amounts to $2,974.00 million. The EBITDA margin is 25.70% (operating margin 20.52% and the net profit margin finally 16.27%).

The total debt represents 20.65% of the company's assets and the total debt in relation to the equity amounts to 42.86%. Last fiscal year, a return on equity of 20.04% was realized. Twelve trailing months earnings per share reached a value of $4.02. Last fiscal year, the company paid $0.83 in form of dividends to shareholders.

Here are the price ratios of the company: The P/E ratio is 13.31, Price/Sales 2.23 and Price/Book ratio 2.63. Dividend Yield: 1.68%. The beta ratio is 0.84.

Source: 9 Cheap Large-Cap Dividend Stocks From Europe With Safe Haven Characteristics