Attractive stocks have exceptional fundamentals. In the case of STERIS plc (NYSE:STE), there's is a well-regarded dividend payer that has been able to sustain great financial health over the past. Below, I've touched on some key aspects you should know on a high level. If you're interested in understanding beyond my broad commentary, read the full report on STERIS here.
Excellent balance sheet average dividend payer
STE's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This indicates that STE has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. STE's has produced operating cash levels of 0.45x total debt over the past year, which implies that STE's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
Income investors would also be happy to know that STE is a great dividend company, with a current yield standing at 1.0%. STE has also been regularly increasing its dividend payments to shareholders over the past decade.
For STERIS, there are three key factors you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for STE’s future growth? Take a look at our free research report of analyst consensus for STE’s outlook.
- Historical Performance: What has STE'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.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of STE? 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 firstname.lastname@example.org. 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.