Why Fundamental Investors Might Love Chip Eng Seng Corporation Ltd (SGX:C29)
I've been keeping an eye on Chip Eng Seng Corporation Ltd (SGX:C29) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe C29 has a lot to offer. Basically, it is a notable dividend payer with a great track record of delivering benchmark-beating performance. Below is a brief commentary on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Chip Eng Seng here.
Established dividend payer with proven track record
In the previous year, C29 has ramped up its bottom line by 33%, with its latest earnings level surpassing its average level over the last five years. In addition to beating its historical values, C29 also outperformed its industry, which delivered a growth of -23%. This is an notable feat for the company.
For those seeking income streams from their portfolio, C29 is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 6.3%, making it one of the best dividend companies in the market.
Next Steps:
For Chip Eng Seng, there are three important factors you should further examine:
Future Outlook: What are well-informed industry analysts predicting for C29’s future growth? Take a look at our free research report of analyst consensus for C29’s outlook.
Financial Health: Are C29’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of C29? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
