Analysis of Fuchs Petrolub

Company: Fuchs Petrolub SE

Business: A German lubrication producing company. They apparently have a product range of  several thousand lubricant products (sounds like a lot! too many?) for all applications and industries. Their customer base is therefore also broad ranging from: mining and steel industries to farmers,  transport companies, and pharmaceutical industry.

Active: For sales their biggest markets are Western Europe, North America and Asia. For production they are spread out also in Africa and South America.

P/E: 23.7

Analysis of Fraport

Company: Fraport

Business: A German airport management company. They are running several airports and have three areas of expertise: Ground Services (taking care of all the airport infrastructure (baggage handling, transportation etc.) to make sure that the airlines are happy with the service they receive), Consulting (offer consulting regarding airport infrastructure, retail etc.) and finally Airport Retailing (keeping attractive shops and restaurants etc.)

Active: They are active on four continents. In terms of fully own airports they have five in Europe, five airports in Asia, two in Africa and one in South America. Besides form this they also one shares of several other airports around the world.

P/E: 21.0

Summary of November 2013

Once again it is time to take a closer look at what has been going on and especially for me to compare myself with my arch enemy DAX! The month turned out to be pretty ok with no major expenses. With the almost back to normal salary I could transfer 880 € to my stock deposit account and I should be able to make a new investment also this month. I must however admit that I was a little bit surprised that I could not transfer more money and even 880 € was me going a little over the top so I must go easy on the Christmas shopping of which half of it was done in November since I am sending gifts to my brother and his family in Australia (who currently have a tough time and I wish them all the best for the coming months!). So who won this months round? Me or my arch enemy?

Analysis of Fielmann

Company: Fielmann (unfortunately their homepage is only in German)

Business: A German glasses (reading glasses, sun glasses, swimming/diving glasses etc. etc.) store chain that besides from designing and market their own glasses they also sell the brand glasses in their stores. Each store has more then 2,000 different glasses on display and every second glasses sold in Germany is from Fielmann.

Active: Only in the German speaking part of Europe so Germany (577 stores), Switzerland (33 stores) and Austria (33 stores).

P/E: 27.9

Analysis of Evonik

Company: Evonik Industries AG

Business: A German specialty chemicals company that are divided into three segments: Consumer, Health & Nutrition (specialty chemicals for consumer goods); Resource Efficiency (within materials and coatings they provide environmental friendly and energy efficient chemical solutions) and finally Specialty Materials (production of polymer and additives)

Active: Strong European focus but active in over 100 countries with production sites in 24 countries world wide.

P/E: 11.7

Comment: The analysis was made based on the last three years which only is of importance for the yearly growth for my contrarian analysis approach also they have higher short debt than what they had cash available.