Top yielding foreign stocks with cheap price ratios originally published at "long-term-investments.blogspot.com". Not only stocks from the United States are more expensive. Stock market all over the world rise to new highs but there are still some attractive opportunities.
Today I like to look at foreign dividend stocks. Europe could be a big source for cheap stocks because of the Euro crises. Sure they got a tough fight but if you believe that the 17 nation currency community will survive, you will definitely find some utilities or telecoms.
These are my stock screening criteria:
Market Capitalization: Over 10 billion
Dividend Yield: +3 percent
Beta Ratio: Below 1
Forward P/E: Under 15
Nineteen companies fulfilled these criteria of which seven are High-Yields. Five of the results have a buy or better recommendation. The valuation is between 6 and 15.
Here is the full table with some fundamentals:
Take a closer look at the full list. The average P/E ratio amounts to 15.54 and forward P/E ratio is 11.32. The dividend yield has a value of 5.31 percent. Price to book ratio is 3.21 and price to sales ratio 1.97. The operating margin amounts to 17.94 percent and the beta ratio is 0.74. Stocks from the list have an average debt to equity ratio of 1.14.