HI there,
Our screeners are excellent starting points. Personally, I use them all the time when I start my reasearch. It helps me identify stocks to consider for both my dividend growth portfolio and growth portfolio. As a reminder, each of our screeners serve seperate purposes.
The Dividend Screener ranks stocks based on dividend safety, yield and growth. This is a great starting point for DGIs as it checks off all the boxes investors may be looking for. THe higher the ranking, the better. Typically what I do, is once i've identified the particular dividend stock I am looking for, I'll then look at specfic columns, like DG streak to ensure it meets my criteria. I then go to our growth screener to see how it compares from a growth/valuation perspective.
Our growth screener ranks companies based on risk, valuation and growth. Once again, the higher the overall ranking the better. There is one stipulation however, when it comes to growth stocks, valuations can get a little crazy, so I may sort the data by growth first - find those with the highest expected growth rates and then look at valuation. Since most high-growth companies aren't profitable, ratios like P/E, F P/E, PEG aren't very helpful. I instead look at P/S, P/B and EV to EBITDA and then compare them to the industry averages. I'll also look at their debt profile and their ability to generate cash and self fund. Those companies that are profitable? PEG is my favourite - and is Peter Lynch's go-to metric.
We have an excellent guide that we created for growth stocks - I don't have the link handy - will ask Dan to post. It goes step by step through our thought process for investing in growth stocks. This will probably be very helpful for you and is quite detailed. Stay tuned.
Mat