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A large cap company with room for growth might sound like an oxymoron, but the truth is that large cap companies have not gotten to where they are by twiddling their thumbs. These companies have grown due to smart innovations, steady profitability, and a deep understanding of their core value propositions. If these kinds of companies appeal to you as an investor, then you'll probably like the list we came up with today.

EPS growth (earnings per share growth) illustrates the growth of earnings per share over time. The 5-Year Expected EPS Growth Rate is a long term annual growth estimate, where the growth projections are made by analysts, the company or other credible sources.

The PEG ratio (price/earnings to growth ratio) is a valuation metric for determining the relative trade-off between the price of a stock, the earnings generated per share [EPS], and the company's expected growth. In general, the P/E ratio is higher for a company with a higher growth rate. Thus using just the P/E ratio would make high-growth companies appear overvalued relative to others. It is assumed that by dividing the P/E ratio by the earnings growth rate, the resulting ratio is better for comparing companies with different growth rates. A lower ratio is 'better' (cheaper) and a higher ratio is 'worse' (expensive) - a PEG ratio of 1 means the company is fairly priced.

The forward P/E is a price multiple valuation metric, which is similar to the current P/E ratio, except that it uses the forecasted earnings instead. While this number might not be as accurate because it uses "forecasted" numbers, it does offer the benefit of illustrating analysts' expectations of a firm. If the market believes that earnings will grow moving forward, then the forward P/E should be lower than the current P/E. Financial Leverage, also known as the Equity Multiplier, illustrates how a firm is financing its assets. The lower the number the more a firm is financing its assets internally through stockholder equity. The higher this metric is the more the firm is relying on debt to finance its assets.

We first looked for large cap stocks. We next screened for businesses that have high future earnings per share growth forecasts(5-year projected EPS Growth Rate>25%). We then looked for businesses that are undervalued when company growth rate is taken into account (PEG Ratio < 1)(forward P/E<10). We did not screen out any sectors.

Do you think these large-cap stocks will perform well? Use our list along with your own analysis.

1) HSBC Holdings plc (HBC)

Industry:Foreign Money Center Banks
Market Cap:$159.42B

HSBC Holdings plc has a 5-Year Projected Earnings Per Share Growth Rate of 30.30%, a Price/Earnings to Growth Ratio of 0.36, and a Forward Price/Earnings Ratio of 6.50. The short interest was 0.20% as of 06/25/2012. HSBC Holdings PLC (HSBC Holdings) is a United Kingdom-based banking and financial services organization. Its international network comprises over 10,000 properties in 83 countries and territories in Europe; Hong Kong; rest of Asia-Pacific, including the Middle East and Africa; North America and Latin America. HSBC Holdings together with its subsidiaries (NYSE:HSBC) provides a range of financial services to more than 128 million customers.

2) Barrick Gold Corporation (NYSE:ABX)

Sector:Basic Materials
Market Cap:$37.94B

Barrick Gold Corporation has a 5-Year Projected Earnings Per Share Growth Rate of 27.83%, a Price/Earnings to Growth Ratio of 0.30, and a Forward Price/Earnings Ratio of 6.70. The short interest was 0.55% as of 06/25/2012. Barrick Gold Corporation engages in the production and sale of gold and copper. The company has a portfolio of 26 operating mines, and exploration and development projects located in North America, South America, the Australia Pacific region, and Africa. It also holds interests in oil and gas properties located in Canada.

3) Newmont Mining Corp. (NYSE:NEM)

Sector:Basic Materials
Market Cap:$23.53B

Newmont Mining Corp. has a 5-Year Projected Earnings Per Share Growth Rate of 48.92%, a Price/Earnings to Growth Ratio of 0.92, and a Forward Price/Earnings Ratio of 9.03. The short interest was 2.30% as of 06/25/2012. Newmont Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, and production of gold and copper properties. The company's assets or operations are located in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico. As of December 31, 2011, it had proven and probable gold reserves of approximately 98.8 million ounces and an aggregate land position of approximately 31,500 square miles.

4) Marathon Petroleum Corporation (NYSE:MPC)

Sector:Basic Materials
Industry:Oil & Gas Refining & Marketing
Market Cap:$14.24B

Marathon Petroleum Corporation has a 5-Year Projected Earnings Per Share Growth Rate of 32.75%, a Price/Earnings to Growth Ratio of 0.18, and a Forward Price/Earnings Ratio of 6.60. The short interest was 1.23% as of 06/25/2012. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. The company operates six refineries in the Gulf Coast and Midwest regions of the United States, which refine crude oil and other feedstocks; and distribute refined products through barges, terminals, and trucks. It also purchases ethanol and refined products for resale.

5) VimpelCom Ltd. (NASDAQ:VIP)

Industry:Wireless Communications
Market Cap:$10.20B

VimpelCom Ltd. has a 5-Year Projected Earnings Per Share Growth Rate of 47.85%, a Price/Earnings to Growth Ratio of 0.96, and a Forward Price/Earnings Ratio of 5.80. The short interest was 0.24% as of 06/25/2012. VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. It provides its services under the Beeline, Kyivstar, djuice, banglalink, Mobilink, Telecel, Leo, Djezzy, Wind, and Infostrada brands. The company also offers roaming services that allows its subscribers and the customers of other mobile operators to receive and make international, local, and long distance calls while outside of their home network.

*Company profiles were sourced from Finviz. Financial data was sourced from Finviz and Yahoo Finance.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.