Net Cash Fortress Stock Screen — Europe
A fortress balance sheet: more cash than debt, positive free cash flow and enough short-term assets to cover short-term bills one and a half times over. Companies like these can fund themselves through a downturn without asking banks or shareholders for money. The screen also asks for a return on equity of at least 8%.
The rules of this screen
A stock listed in Europe appears below only if it passes every rule:
- Return on equity (ROE) of at least 8%
- Net cash: more cash than total debt, with positive free cash flow
- Current ratio of at least 1.5 (short-term assets cover short-term liabilities 1.5 times)
- Market cap of at least €50 million
Data comes from company filings and market prices, refreshed after every trading day. Stocks with a missing value for any rule are left out.
Net Cash Fortress Stock Screen — Europe: top stocks by market cap
311 European stocks match this screen. Top 30 by market cap, data as of 13 Nov 2026.
| # | Company | Ticker | Sector | Mkt Cap | P/E | Div Yield | 1Y |
|---|---|---|---|---|---|---|---|
| 1 | Allianz SE | ALVXETRA | Financial Services | €178.5B | 15.4 | 3.69% | +32.9% |
| 2 | Hermès International Société en commandite par actions | RMSEPA | Consumer Cyclical | €140.5B | 31.2 | 1.33% | -35.9% |
| 3 | Compagnie Financière Richemont SA | 1CFRBIT | Consumer Cyclical | €108.7B | 31.5 | 1.93% | — |
| 4 | Compagnie Financière Richemont SA | CFRSWX | Consumer Cyclical | €107.9B | 31.0 | 1.87% | +9.3% |
| 5 | EQT AB (publ) | EQTSTO | Financial Services | €35.8B | 32.7 | 1.58% | -0.8% |
| 6 | Talanx AG | TLXXETRA | Financial Services | €34.4B | 13.0 | 2.75% | +22.1% |
| 7 | Dassault Systèmes SE | DSYEPA | Technology | €34.1B | 26.0 | 1.07% | +10.3% |
| 8 | ASM International NV | ASMAMS | Technology | €33.9B | 34.4 | 0.45% | +35.7% |
| 9 | Tenaris S.A. | TENBIT | Energy | €27.9B | 16.5 | 2.79% | +63.3% |
| 10 | Sampo Oyj | SAMPOHEL | Financial Services | €26.6B | 22.6 | 3.58% | +8.0% |
| 11 | EMS-CHEMIE HOLDING AG | EMSNSWX | Basic Materials | €21.4B | 41.7 | 1.73% | +57.5% |
| 12 | Fresnillo plc | FRESLSE | Basic Materials | €21.4B | 10.8 | 4.44% | +3.4% |
| 13 | Konami Group Corporation | KNMLSE | Communication Services | €21.1B | 20.8 | 0.86% | +18.2% |
| 14 | Beiersdorf Aktiengesellschaft | BEIXETRA | Consumer Defensive | €18.4B | 19.6 | 1.19% | -9.1% |
| 15 | S.P.E.E.H. Hidroelectrica S.A. | H2OBVB | Utilities | €16.1B | — | 3.82% | +58.2% |
| 16 | Lundin Mining Corporation | LUMISTO | Basic Materials | €15.7B | 13.3 | 0.37% | +21.3% |
| 17 | Powszechny Zaklad Ubezpieczen SA | PZUGPW | Financial Services | €14.8B | 10.1 | 6.51% | +26.0% |
| 18 | Orion Oyj | ORNBVHEL | Healthcare | €14.5B | 22.0 | 1.75% | +75.8% |
| 19 | Orion Oyj | ORNAVHEL | Healthcare | €14.4B | 22.0 | 1.76% | +76.0% |
| 20 | Lundin Gold Inc. | LUGSTO | Basic Materials | €14.3B | 16.6 | 6.19% | -5.2% |
| 21 | Ipsen S.A. | IPNEPA | Healthcare | €13.7B | 27.0 | 0.96% | +27.3% |
| 22 | Gjensidige Forsikring ASA | GJFOSL | Financial Services | €13.4B | 20.4 | 3.59% | +8.7% |
| 23 | Logitech International S.A. | LOGNSWX | Technology | €13.0B | 19.2 | 1.60% | -11.6% |
| 24 | BE Semiconductor Industries N.V. | BESIAMS | Technology | €12.2B | 42.9 | 0.99% | +15.9% |
| 25 | bioMérieux S.A. | BIMEPA | Healthcare | €10.9B | 23.8 | 1.06% | -12.3% |
| 26 | Endeavour Mining plc | EDVLSE | Basic Materials | €10.9B | 16.3 | 3.48% | +14.8% |
| 27 | Enka Insaat ve Sanayi A.S. | ENKAIBIST | Industrials | €8.8B | 16.0 | 4.57% | +10.7% |
| 28 | Smiths Group plc | SMINLSE | Industrials | €8.8B | 54.9 | 1.79% | +8.8% |
| 29 | Buzzi S.p.A. | BZUBIT | Basic Materials | €7.9B | 9.4 | 1.59% | -11.4% |
| 30 | Krka, d. d. | KRKGPW | Healthcare | €7.7B | 19.2 | 3.69% | +28.7% |
The same rules on every market the screener covers: the US, Canada, Europe, Australia and more. Free, no account needed.
Run this screen on all 18,000+ stocksHow to use this screen
Cash can sit in a country it cannot easily leave, or belong to customers (deposits, prepayments). A big cash pile also lowers returns if management never uses it. Check where the cash is and what the company plans to do with it.
This page lists the stocks that pass a set of rules. It is not a recommendation to buy or sell any of them, and past results of a strategy say nothing certain about future returns.