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Growth of £10,000 invested in FCF Yield Screen vs FTSE 100 from 2000 to 2025, UK LSE stocks.

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FCF Yield Screen on UK Stocks: 25-Year Backtest

We screened for high FCF yield on London Stock Exchange stocks from 2000 to 2025. 9.98% CAGR, +8.75% excess over FTSE 100. In 2008, the portfolio fell only 4.4% while FTSE 100 dropped 22%. Down capture of 23% with 196% up capture. Quality-filtered cash generators dominate flat UK markets.

Growth of HK$10,000 invested in FCF Yield Screen vs Hang Seng from 2000 to 2025, Hong Kong HKSE stocks.

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FCF Yield Screen on Hong Kong Stocks: 25-Year Backtest

We screened for high FCF yield on Hong Kong Stock Exchange stocks from 2000 to 2025. 5.31% CAGR, +3.67% excess over Hang Seng. The screen beats a near-flat local index, but with a Sharpe of 0.119 and no crisis protection: in 2008 it fell 16.9% against a 16.2% index decline.

Bar chart comparing CAGR of the FCF Yield Screen across 10 global stock exchanges.

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FCF Yield Screens: Global Comparison Across 10 Markets

We ran the same FCF yield screen across 10 stock exchanges from 2000 to 2025, each measured against its own local index. Seven beat their benchmark, led by the UK at +8.75% over the FTSE 100. Switzerland looked good until we checked which companies were actually in the portfolio.

Growth of $10,000 invested in FCF Yield Screen vs S&P 500 from 2000 to 2025, US stocks.

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FCF Yield Screen on US Stocks: 25-Year Backtest

We screened for high FCF yield on US stocks from 2000 to 2025. 11.12% CAGR vs 7.85% for the S&P 500. The portfolio captured only 39% of the market's downside while following up with 117% of its recoveries. FCF yield measures what a company earns after paying to run the business.

Growth of $10,000 invested in FCF Compounders vs FTSE 100 on UK stocks from 2000 to 2025. Strategy grew to $127K, FTSE to $14K.

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FCF Compounders on UK Stocks: +9.48% Annual Excess vs FTSE 100 Over 25 Years

FCF Compounders screen on LSE from 2000-2025. 10.71% CAGR vs 1.23% for the FTSE 100. Invested 20 of 25 years, beating the benchmark by 9.48% annually.

CAGR comparison of FCF Compounders strategy across global exchanges from 2000 to 2025. US leads at 12.15%, followed by UK at 10.71%.

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FCF Compounders Across 5 Exchanges: A Strict Filter Reveals Where Quality Cash Growth Exists

We ran the FCF Compounders screen on 18 exchanges from 2000-2025 with local benchmarks. US led at 12.15% CAGR (+4.29% vs S&P 500). UK +9.48% vs FTSE. India trails Sensex by 6.14% annually. Only deep markets work.

Growth of $10,000 invested in FCF Compounders vs S&P 500 on US stocks from 2000 to 2025. Strategy grew to $176K, SPY to $66K.

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FCF Compounders: 25 Years of Buying Companies That Grow Cash Every Year on US Stocks

We screened for companies that grew FCF in 4+ of the last 5 years with ROIC above 15% and backtested on US stocks from 2000-2025. 12.15% CAGR vs 7.85% for SPY. 68% win rate, 51.2% down capture, invested 23 of 25 years.

Growth of $10,000 invested in FCF Compounders vs DAX on German stocks from 2000 to 2025. Strategy grew to $83K, DAX to $34K.

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FCF Compounders on German Stocks: Quality Cash Growth on XETRA for 25 Years

We screened XETRA for FCF compounders from 2000-2025. 8.84% CAGR vs 5.04% for the DAX with 20 invested years out of 25. Germany's industrial cash discipline beats the local benchmark by 3.80% annually.

CAGR comparison of FCF Conversion Quality strategy across 15 global exchanges from 2000 to 2025. India leads at 18.18%, 11 exchanges beat their local benchmark.

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FCF Conversion Quality Across 15 Exchanges: 11 Beat Their Local Benchmark

We ran the same FCF Conversion screen on 15 exchanges from 2000-2025 with MOC execution and local benchmarks. 11 of 15 beat their local index. Top alpha in UK (+7.42% vs FTSE), Switzerland (+6.35% vs SMI), India (+6.13% vs Sensex).

Growth of $10,000 invested in FCF Conversion Quality on Thai stocks vs SET Index from 2000 to 2025. Strategy grew to ~$23K, SET to ~$35K.

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FCF Conversion Quality on Thai Stocks: -1.83% vs SET Index, Honest Underperformance

We ran our FCF Conversion screen on SET stocks from 2000-2025. 3.30% CAGR in THB, trailing the SET Index (5.13%) by 1.83%. 40% win rate, 80.54% down capture. $10K grew to ~$23K vs ~$35K for the index. The signal doesn't work well here.

Growth of $10,000 invested in FCF Conversion Quality on Japanese stocks vs Nikkei 225 from 2000 to 2025. Strategy grew to ~$33K, Nikkei to ~$23K.

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FCF Conversion Quality on Japanese Stocks: Corporate Governance Reforms Meet Cash Flow Signal

We ran our FCF Conversion screen on JPX-listed stocks from 2000-2025. 4.89% CAGR in JPY, beating the Nikkei 225 (3.31%) by 1.58% annually. 52% win rate, 51% down capture. $10K grew to ~$33K vs ~$23K for the Nikkei.

Growth of $10,000 invested in FCF Conversion Quality on Taiwanese stocks vs TAIEX from 2000 to 2025. Strategy grew to ~$25K, TAIEX to ~$27K.

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FCF Conversion Quality on Taiwanese Stocks: Lowest Drawdown, Lowest Volatility of Any Exchange

We ran our FCF Conversion screen on TWSE stocks from 2000-2025. 3.69% CAGR in TWD, trailing the TAIEX (4.09%) by just 0.39%. Max drawdown of -22.6% is the shallowest of any exchange. Similar returns to the index with significantly lower risk, but 7 cash periods drag performance.