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Stock filter - Custom filters

Please find a sample of custom filters you can use to identify stocks outside the Stock Doctor universe of preferred Star Stocks.

It is important to note that the following are NOT Lincoln pre-defined filters.

They are custom filters designed to identify specific scenarios outside of the current range of Lincoln filters.

**Remember to use the filter box up the top of the stock filter criteria selector to find the relevant
criteria quickly.

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Large cap growth investor

This filter is designed to identify large cap companies which are currently growing and are expected to grow over the next two years. Forecasts assist in determining whether this future growth is likely. This filter attempts to identify large cap stocks, therefore, forecasts are often available. Suits the growth focused investor primarily but can also appeal to a volatility averse investor.

• Financial Health Rating = Satisfactory/Strong
• Revenue growth 1 yr (%) > 8
• ROE % (Return on assets) > 7
• EPS growth 1yr (%) forecast year 1 = ANY
• EPS growth 2yr (% pa) forecast year 1 > 0
• PE to industry average = ANY
• Price to Consensus target (%) = ANY
• Price to Lincoln Valuation (%) = ANY
• Market capitalisation ($m) > 1000
• Constituent of ASX200 = True
• Price change 1 month (%) = ANY
• Price change 1 yr cf. All Ordinaries (%) > -10
• Dividend yield (%) = ANY

 
Dividend paying

Designed to identify stocks paying a dividend above the market whilst growing earnings. Long-term earnings growth is key to long-term dividend growth. Please ensure that you look at dividend yield % with the share price change as the yield improves as the price falls. Forecast yield is ‘ANY’ as some smaller companies that pay a great yield may not be covered by analysts. Including a figure gives you covered companies If you want to focus on larger caps then enter selective forecast figures. Suits both the “Volatility averse” and “Dividend maximiser” specify forecast figures to focus on larger caps.

• Financial Health Rating = Satisfactory/Strong
• Gross dividend yield (%) = ANY
• Market gross dividend yield (%) = ANY
• DPS (Dividend per share) growth 1yr (%) > 0
• Dividend Payout Ratio (%) > 50%
• Dividend yield (%) forecast year 1 = ANY
• Gross dividend yield (%) forecast year 1 = ANY
• Days to next ex-dividend date = ANY
• ROE % (Return on equity) > 0
• EPS growth 2yr (% pa) forecast year 1 = ANY
• Price change 1 month (%) = ANY
• Price change 1 year (%) > 0
• Revenue growth 1 yr (%) > 0
• Market capitalisation ($m) = 200
• Avg daily trade ($000) > 200

HINT: Once you identify the market yield you may wish to change the “Gross dividend yield (%)” to be greater than the number in order to refine the list down to stocks paying an above market yield.

Value filter

This filter aims to identify companies which may represent value combining the PE, Price-to-sales,
Price-to-net tangible assets, Lincoln Valuation and Consensus price targets. The company must also have a history of earnings growth. Companies that appear in this filter are healthy, undervalued and have a history of profits. If you want to focus on larger caps then enter selective forecast figures. This filter suits the value investor.

• Financial Health Rating = Satisfactory/Strong
• PE (Price to earnings) ratio < 12
• PE ratio forecast year 1 = ANY
• PEG ratio forecast year 1 = ANY
• Price to consensus target = ANY
• Price to Lincoln Valuation = ANY
• Price to sales < 4
• Price to NTA per share = ANY
• EV/EBITDA = ANY
• EPS growth 2yr (% pa) > 0
• EPS growth 2yr (% pa) forecast year 1 = ANY
• Price change 1 year (%) = ANY
• ROE % (Return on equity) > 0
• Market capitalisation ($m) > 200

HINT: The lower the price ratios, the cheaper the stock. This is the same for EV/EBITDA. However please be wary, as there may be a very valid reason for the stock to be cheap. Adding a value to the “Price change 1 year” criteria may help remove basket cases.

Earnings turnaround

This filter aims to identify companies which were loss-making entities but are now profitable. This
allows for potentially getting in sooner, rather than later. This filter can be RISKY. Therefore, you
need to consider it within the context of your investment profile. Suits the growth investor with a
higher risk appetite that is looking for capital appreciation.

• Financial Health rating = Strong/Satisfactory
• Revenue growth 1 yr (%) > 10
• ROE % (Return on equity) > 0
• ROE (return on equity) growth 1 yr = ANY
• Profit bef tax & abs growth 1 yr = ANY
• EPS (Earnings per share) growth 1 yr % = ANY
• Price change 1 month (%) = ANY
• Price change 1 yr cf. All Ordinaries (%) > -10
• Average daily trade ($000) > 200
• Financials received = ANY

NOTE: The trick to this filter is sorting by ROE growth and then ensuring the next three columns are blank. This will mean a company has moved from a loss-making position to a profitable one (earnings turnaround).

Price momentum change

This filter aims to identify companies that have had a terrible run in share price but may have turned the corner. Sort by the month column to find stocks that have risen over the month and the week. Dividend maximisers would need to pay attention to the dividend yield as that may prove an opportunity. PLEASE REMEMEBR TO DO YOUR RESEARCH FIRST!!! This filter can be risky. Therefore, you need to consider it within your investment profile. Suits the value investor looking for capital appreciation and dividend maximiser.

• Financial Health rating = Strong/Satisfactory
• Price change 1 week (%) > 0
• Price change 1 month (%) = ANY
• Price change 3 months (%) < 0
• Price change 6 months (%) < 0
• Price change 1 year (%) = ANY
• ROE % (Return on equity) > 0
• Market capitalisation ($m) > 200
• Average daily trade ($000) > 200
• Gross dividend yield (%) = ANY

Possible Star Growth Stocks

This filter aims to identify possible Star Growth Stocks following the next reporting season. It does
this by identifying the pattern required to meet the Star Growth Stock criteria. ROE is at 13% because if the company grows it is likely to pass 14% in the next period. Not all companies may become Star Growth Stocks, therefore you need to drill down into each stock to form your opinion as to whether they are likely to continue to grow. Note: Star Stock status must be ‘Borderline’ or ‘NO’, otherwise Star Stocks will appear in this filter which defeats the purpose of identifying ‘possible’ Star Growth Stocks.

• Star Stock status (each option except ‘Star Growth Stock’ and ‘Star
Growth Stock and Star Income Stock’)
• Financial Health rating = Strong/Satisfactory
• ROE % (Return on assets) > 13
• EPS (Earnings per share) growth 1 yr % > 0
• EPS growth 1yr (%) forecast year 1 = ANY
• Forecaster count = ANY
• Market capitalisation ($m) > 200
• Financials received = ANY

Possible Star Income Stocks

This filter aims to identify companies that currently pay a high yield but are yet to be covered by
Lincoln. This allows for potentially getting in sooner, rather than later. Not all companies may
become Star Income Stocks, therefore you need to drill down into each stock to form your opinion
as to whether they are likely to continue to be a strong dividend payer. Suits the dividend maximiser investor looking for income. The market cap criteria may be lifted for a volatility averse approach.

• Star Stock status (each option except ‘Star Income Stock’, ‘Star Growth Stock and Star Income Stock’ and ‘Borderline Star Growth Stock and Star Income
Stock)
• Financial Health rating = Strong/Satisfactory
• Gross dividend yield (%) > 5
• EPS (Earnings per share) growth 1 yr % > 0
• Gross dividend yield (%) forecast year 1 = ANY
• Market gross dividend yield (%) fcst year 1 = ANY
• EPS growth 1yr (%) forecast year 1 = ANY
• Forecaster count = ANY
• Market capitalisation ($m) > 200
• Days to next ex-dividend date = ANY
• Financials received

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