Prompted by a tweet from @wheeliedealer, I thought I’d add my tuppence worth: IAG (Int’l Consolidated Airlines) looks like a buy. P/FCF is around 6, yield is above 3%, and net debt is less than 3 times PBT. Its EV/EBITDA is 3.9. It also has a Stockopedia StockRank of 97, and a Piotroski score of 9.
It has quality (in terms of debt), value, and momentum.
Despite the fears that the bull market possibly ended at the beginning of the year, there does seem to be some reasonably-valued shares, even in the large-caps.
Of course, everything could hit the fan, the economy decline and the much-feared bear market materialise, but that’s the chance you take.
Let’s revisit this share in a year’s time.
I hold, FWIW, down 3.3% since I bought in Oct 2017.
596p. FTSE 6928