銘柄選択 コロナ環境下における成長銘柄は？
| 1. Stock screening | |
| parameter | threshold |
| Market Cap | > 500 M |
| LT Debt/Equity | < 0.2 |
| Operating margin | > 10 |
| Current ratio | > 1.0 |
| Quick ratio | > 1.0 |
| EPS change 5Y | > 0 |
| Sale change 5Y | >0 |
| 3Y CAGR % | >0 |
| 5Y CAGR % | >0 |
| Payout ratio | < 30 |
結果、95 stocks
2. Earning suprise : EPS, revenueのsupriseが５Q以上
| Years increase in Current ratio | Years decrease in D/E | Years increase in operating cash flow/share | |
| VRTX | 3 | 4 | 5 |
| CDNS | 1 | 3 | 5 |
| PCTY | 1 | no debts | 8 |
| FTNT | 2 | no debts | 6 |
| SPSC | -4 | -1 | 4 |
| MRCY | 2 | 1 | 1 |
| VEEV | -1 | -1 | 5 |
| ANET | 3 | -1 | 1 |
| MASI | 4 | no debts | -1 |
| ANSS | -1 | -1 | 9 |
| PAYC | 3 | 5 | 7 |
難点はどの銘柄も既に相当株価が高く（PE＞３０）、コロナのピーク時に一時的に下がったのみで、以降高値を更新している。
