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We also maintain a "Dream Team" – a list of potential companies that embody all of the key characteristics that Burgundy looks for, but which are not currently available at a favourable discount. We monitor this Dream Team continually and if a company becomes available at our target discount, we consider it a candidate for investment.
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Key Analysis Criteria
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Intangible: |
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Solid free cash flow growth |
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Consistent high returns on capital |
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High rates of return on re-investment |
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Strong balance sheet with low leverage |
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Industry-leading profit margins |
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Competitive advantages and barriers to entry |
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Strong management with significant ownership |
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Excellent capital allocation record |
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Recurring demand and economic resilience |
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Exemplary corporate governance |
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