value-investing

Growth of $10,000 invested in DCF Discount strategy on TSX vs TSX Composite, 2000-2025

value-investing

DCF Discount on Canadian Stocks: 11.45% CAGR With +7.40% Excess vs TSX Composite

Canada's TSX delivered 11.45% CAGR with zero cash periods over 25 years. The portfolio captured 149.12% of upside and only 36.79% of downside vs the TSX Composite. Max drawdown stayed at -33.59%. 68% annual win rate.

DCF Discount strategy Germany (XETRA) vs DAX cumulative growth 2000-2025

backtests

DCF Discount on German Stocks: 12.40% CAGR Over 25 Years of XETRA Data

We screened every German stock on XETRA for discount to intrinsic value using a Gordon Growth Model and backtested from 2000 to 2025. The strategy returned 12.40% CAGR vs 4.51% for the DAX (price index), +7.89% local excess (~+5pp after dividend adjustment).

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