In This Article:
Briscoe Group Limited (NZSE:BGP) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of BGP, it is a notable dividend payer that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. If you’re interested in understanding beyond my broad commentary, take a look at the report on Briscoe Group here.
Flawless balance sheet established dividend payer
BGP’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This indicates that BGP has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. BGP currently has no debt on its balance sheet. This means it is running its business only on equity capital funding, which is typically normal for a small-cap company. Therefore the company has plenty of headroom to grow, and the ability to raise debt should it need to in the future.
Income investors would also be happy to know that BGP is a great dividend company, with a current yield standing at 5.9%. BGP has also been regularly increasing its dividend payments to shareholders over the past decade.
Next Steps:
For Briscoe Group, there are three fundamental aspects you should look at:
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Future Outlook: What are well-informed industry analysts predicting for BGP’s future growth? Take a look at our free research report of analyst consensus for BGP’s outlook.
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Historical Performance: What has BGP’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of BGP? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.