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With all that’s going on in the world, smart investors are looking for diversification.

It’s time to look beyond the U.S. and broaden our exposure to growing markets in other parts of the world.

That’s why this week’s Stock of the Week is off the beaten path.

While it trades on the U.S. market, the company I’ve found for this week operates in a fast-growing economic region.

It has good numbers, meets my growth-value-income metrics and, best of all, has been around for a heck of a long time.

With a history of profitability through up and down market cycles… it’s got the stability investors need in uncertain times.

The fact that it’s up more than 40% this year is just icing on the cake.

Get all the details on the company – including its ticker – in this week’s Stock of the Week.

Click on the image below to watch it.

Transcript

Hi everyone. I’ve got another Stock of the Week for you.

I’m putting these Stocks of the Week together because my team and I look through a lot of accounts for various companies. So we’ll look at their profit and loss accounts, their cash flow statements, their balance sheets… amongst a host of other things, such as what news items are out there, any information coming out of the company, that kind of thing. And this is to give you an insight into that – and also an insight into the depth of research we do in my GVI Investor service as well, which I put out as part of Manward.

Now, now, now, what is this one? Well, this one’s special. I’ll tell you why this Stock of the Week is special.

First of all, yes, it meets all my strategic goals in terms of valuation, growth, income, cash flow, momentum, returns… those kinds of things. But I wanted a Stock of the Week that wasn’t as tied to the traditional markets like the North American market, the developed market. So I’ve gone for – without teasing you any further – Credicorp (BAP), probably a company you’ve not heard of.

It’s a Peruvian company. It’s listed on the U.S. markets, just like a U.S. stock. However, they are predominantly in the Peruvian market.

So why pick something which at first blush would look risky? Well, actually, it ticks all our boxes. Like I said… valuation, growth, income, cash flow, momentum… all of those factors, as I’ll show you in a second.

But also, because they’re in a nontraditional market and they’ve been there for a long period of time, that should give us some diversification and isolation from the upheavals of what’s going on in the rest of the world. That’s something a lot of people have been asking me at the moment: “How do we make sure we get that extra bit of diversification as well?”

And so this company… It’s been around for a heck of a long time. It has very good numbers. It’s in commercial banking, trade finance, corporate finance, leasing services. And Latin America as a whole is growing and is set to continue growing. And I think particularly with all the concerns of what’s going on in the rest of the world, companies like this will be coming more into focus. And that’s one of the other reasons why, therefore, it’s my Stock of the Week.

They’ve got a history of profitability, despite market cycles. You can see there, the net income of the company has been rising, rising, rising, rising. Those are the figures. I’ve gone right up to 2022. The figures that I’m showing you there are up to 2017, because their website is… I guess they’re more focused on growing the business than updating parts of their website.

And what you can see over here is, yes, I know last year wasn’t great, or the year before. However, 2022, so far… 44% up – another reason why it’s a Stock of the Week. And it’s not just, obviously, for a week. Most of my holdings I look for over a 12-month period.

And whilst it’s gone up to 44%, I’m looking at this one continuing that upward trend in the direction that you can see it’s already established so far this year and indeed over the last six months, up 27% as it is.

Now, not every single financial metric is ticked off on there. But one thing that is, is the 15X growth. That’s a hockey stick. And I like hockey sticks when it comes to things like profitability, when it comes to core metrics that I see in a company. So that, overall… I’m very pleased with.

Going back to numbers… bang up to date till now, profits for financial year… good, solid numbers. Net asset values… good, solid numbers.

Turnover… yeah, it’s not constantly rising, but it’s holding its own, it’s keeping up. Their total assets are increasing. Pre-tax profits… doing well. Bit of a hit a couple of years ago, but that’s in the past. And as I say, I think we’re seeing the continued recovery with the company.

So hopefully, you got some insights there into some of the factors that we look for. This is just a taster, a smidgen of the kind of in-depth research that goes on for my GVI Investor service.

So if you’re not already signed up, please do think about it. You can get more details on the service and the market-beating strategy behind it right here.

And hopefully this and the weekly messages that I send you will be educational and useful to you so you can sort of see what’s going on in the world… and as well as learning, hopefully earning.

Thank you very much.