CQSS - Cazadividendos Quality Scoring System

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2	CQSS (Cazadividendos Quality Scoring System) - Latest Update: January 2023
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5	Please do not request edit access. The sheet cannot be downloaded, copied or printed.
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7	The scoring system employs nine of the most widely used quality indicators and assigns 0-5 points to each quality indicator (0-15 for M* Economic Moat)
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9	Value Line [VL] Price Stability					Dividend Growth stocks are stocks with a record of paying regular and increasing dividends.
10	Value Line [VL] Financial Strength					A dividend growth strategy is a buy-and-hold approach to investing that seeks out these kinds of equities.
11	Value Line [VL] Safety
12	Morningstar [M*] Economic Moat					Growth stocks are those companies expected to grow sales, earnings and cash flows at a faster rate than the market average.
13	Morningstar [M*] Financial Health					Growth stocks typically don’t pay dividends and are often put in contrast with value stocks
14	Morningstar [M*] Stewardship
15	Morningstar [M*] Fair Value Uncertainty					Value stocks refer to shares of companies that appear to trade at a lower price relative to their fundamentals,
16	Standards & Poors's [S&P] Credit Ratings					such as dividends, earnings or sales.
17	Simply Safe Dividends [SSD] Dividend Safety Scores
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19	1) VL Safety used for Canadian DGI stocks instead of VL Price Stability
20	2) M* Financial Health Score from the Quantitative Equity Report used for European DGI stocks if M* Financial Health is not available
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23	Points USA/CAN DGI	VL Price Stability	VL Safety	VL Financial Strenght	M* Financial Health	M* Stewardship	M* Fair Value Uncertainty	S&P Credit Rating	SSD Dividend Safety
24	5	100	1	A++	A	Exemplary	Low	All AAA and AA levels	81-100 (Very Safe)
25	4	85-95	2	A+ / A	B	Standard	Medium	All A levels	61-80 (Safe)
26	3	65-80	3	B++	C		High	All BBB levels	41-60 (Borderline Safe)
27	2	40-60	4	B+	D	Poor	Very High		21-40 (Unsafe)
28	1	10-35		B
29	0	5	5	<B	F		Extreme	<BBB-	0-20 (very Unsafe)
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31	Points USA/CAN DGI	M* Economic Moat
32	15	Wide
33	12	Narrow
34	6	None
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36	Overall Score - USA/CAN Dividend Growth Investing: (*)			(*) Prorations are made when the S&P Credit Rating does not exist
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38	50-49-48-47	Exceptional
39	46-45-44-43-42	Excellent
40	41-40-39-38-37	Fine
41	36-35-34-33-32	Decent
42	31-30-29-28-27	Poor
43	< 27	Inferior
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47	Points USA HG	VL Price Stability	VL Financial Strenght	M* Financial Health	M* Stewardship	M* Fair Value Uncertainty
48	5	100	A++	A	Exemplary	Low
49	4	85-95	A+ / A	B	Standard	Medium
50	3	65-80	B++	C		High
51	2	40-60	B+	D	Poor	Very High
52	1	10-35	B
53	0	5	<B	F		Extreme
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55	Points USA HG	M* Economic Moat
56	15	Wide
57	12	Narrow
58	6	None
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60	Overall Score - USA High Growth:
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62	40-39-38-37-36	Exceptional
63	35-34-33-32	Excellent
64	31-30-29-28	Fine
65	27-26-25-24	Decent
66	23-22-21-20	Poor
67	< 20	Inferior
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71	Points EUR DGI	M* Financial Health	M* Financial Health Score	M* Stewardship	M* Fair Value Uncertainty	S&P Credit Rating
72	5	A	86-100	Exemplary	Low	All AAA and AA levels
73	4	B	76-85	Standard	Medium	All A levels
74	3	C	66-75		High	All BBB levels
75	2	D	50-65	Poor	Very High
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77	0	F	<50		Extreme	<BBB-
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79	Points EUR DGI	M* Economic Moat
80	15	Wide
81	12	Narrow
82	6	None
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84	Overall Score - EUR Dividend Growth Investing: (*)			(*) Prorations are made when the S&P Credit Rating does not exist
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86	35-34-33	Exceptional
87	32-31-30-29	Excellent
88	28-27-26-25	Fine
89	24-23-22-21	Decent
90	20-19-18-17	Poor
91	< 17	Inferior
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95	Points APAC	M* Financial Health	M* Stewardship	M* Fair Value Uncertainty	S&P Credit Rating
96	5	A	Exemplary	Low	AAA and all AA levels
97	4	B	Standard	Medium	All A levels
98	3	C		High	All BBB levels
99	2	D	Poor	Very High
100	1