The ten companies with the best market recommendation, which includes the Top 10 for Fundamentals from Ecotrader, they can prepare for the chimes without worry as there has been no change in the list for the last week of 2021. However, some companies are more expensive than others before the first steps of next year.
If we look at the PER ratio (which takes into account the times that a company’s profit is included in the listed price of that company’s share) in 2022 there are three in the Top 10 that show a ratio of less than 10, that is, , are cheaper. It is the case of ArcelorMittal, with a PER of 3.4 times; Acerinox 5.5 and Sacyr 9.2 times.
A) Yes, ArcelorMittal It is presented as the cheapest company as it has also been for most of the year that is about to end, thanks to record profits that the consensus of analysts collected by Factset places in the € 12.6 billion. Although its estimated profits will fall to 8.4 billion next year, the company will continue with strong accounts thanks to high steel prices, as pointed out by several analysts. In fact, the Renta4 expert, Iván San Félix Carbajo, believes that next year will continue to be favorable for Arcelor “considering the strength of demand, inventories at normalized levels in the main regions and with China maintaining a rhythm of exports” .
A good year for the ‘steelmakers’
And from a steel producer to one of its competitors. Acerinox It is the second that most demonstrates its attractiveness if its relationship between earnings per share and its listed price is taken into account, with a PER ratio that becomes more expensive from 2021 to next year by less than 4% and remains in around 5.5 times.
In his case, the prospect that next year will also be favorable could only be truncated by the rise in energy prices, which could reduce his margins, according to Bankinter’s analysis department. Even so, the two steelmakers Spanish companies are cheaper than their European competitors, such as the German steelmaker ThyssenKrupp.
Sacyr it is far from the other two companies on the podium, with a PER of more than nine months, although if compared with its Spanish counterparts with ACS with a ratio greater than 11 times or Acciona with a PER for next year of 20 times.
By cons the most expensive companies within the ‘Top 10 by Fundamentals’ of Ecotrader would Laboratios Rovi, with a PER of 25.2 times and Airbuss, with a PER of 21 times. In the case of the Spanish pharmaceutical company, it is at a sweet moment, after having entered the Ibex 35 and after accumulating almost 92% so far this year. However, if one compares the times that its profit is collected in the share price, Rovi would be more expensive than PharmaMar, although it would continue to offer a better ratio in 2022 than Almirall’s.
Cellnex, with no profit expectation in 2022
The telecommunications company will not make a profit in 2022 according to the market consensus in Factset, so it cannot be compared if its share is more expensive or cheaper compared to the rest of the table or compared to other companies in its sector. In fact, it will not be until 2023 when the accounts of Cellnex become positive again, with a net result of 118.5 million euros.
For Readers Who Want More: Ecotrader, The Premium Investment Strategy Portal
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