Take a trial of UK to unlock this pageFind out more

Run a Checklist

1. Pick a Company

2. Check against a Screen

Need some help?

Marston's passes   / 8 of the Cash Accruals Screen Strategy.
History Cash Accruals is a quality investing strategy inspired by research into the 'accrual anomaly' by American accounting professor Richard Sloan. In company accounts, accruals are adjustments made when revenues have been booked but cash has not yet been received. This screen uses low levels of accruals as a positive quality signal. It looks for companies with a low accrual ratio, where free cash flow is higher than net income and where earnings-per-share is growing. Professor Sloan's research found that: "...firms with relatively high levels of accruals experience negative future abnormal stock returns that are concentrated around future earnings announcements." The research found that companies with small or negative accruals vastly outperform (+10%) those with large accruals. It concluded that investors focus too heavily on earnings and not on cash generation and that the share prices of companies with high accruals are more likely to reverse in future years. more »

To view Marston's's checklist results please upgrade your membership.
Mkt Cap £m > 150
OCF > Net Profit before Extraords
OCF PS > 0
EPS 3y CAGR % > 15
EPS Gwth % > EPS 3y CAGR %
P/E < Median
Industry Group not in Collective Investments,
Qualifies in the top 30 stocks sorted by Accrual Ratio ascending

Click Here to view all the stocks qualifying under this Strategy.

Unlock Stockopedia Pro for free!
See what it can do for your stockpicking and portfolio at no expense.
Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis