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Free cash flow yield11/25/2023 It also just issued a great third-quarter earnings report, which included revenue of $81.16 billion and EPS of $2.09 per share – analysts had expected only $76.75 billion in revenue and $1.99 per share in revenue. It was a key player in the rollout of Covid-19 vaccinations, as it administered more than 32 million tests in 2021 and more than 59 million vaccinations. Rhode Island-based pharmacy retailer CVS Health (NYSE: CVS) has more than 9,000 locations, giving it a massive footprint. The front sign for a CVS Pharmacy, CVS stock It has a “B” rating in cash flow and an “A” rating overall in the Portfolio Grader. Add to that free cash flow of nearly $200 million and a healthy dividend yield of more than 8%, and you see what makes it one of the best cash-rich stocks to buy. The stock price doubled from January to May before pulling back amid concerns of a global recession, but the stock still has plenty of value. Russia produces about 25% of the world’s nitrogen fertilizer, but sanctions against Moscow mean that product is out of reach to the West. The company is also benefiting from the increase in fertilizer prices brought on largely by Russia’s invasion of Ukraine. The price of lithium is up by nearly 200% over the last year, which means massive profits for companies like SQM. Sociedad Quimica y Minera de Chile (NYSE: SQM) is an interesting name on this list because it is riding high in two different ways.įirst, it’s a major producer of lithium, which is needed for lithium-ion batteries that power laptops and cell phones. But for now, let’s use it to look for cash-rich stocks to buy with plenty of free cash flow. You can delve more into the Portfolio Grader to see all the ways it can help you build your portfolio. The Portfolio Grader evaluates grades stocks on an “A” through “F” scale based on both quantitative factors as wells as fundamental measure such as sales growth, operating margin growth, earnings momentum, analyst sentiment – and cash flow, among other measures. My Portfolio Grader tool has a great feature that helps you with these kinds of insights. InvestorPlace - Stock Market News, Stock Advice & Trading TipsĬompanies that buy back shares take the number of available shares off the table, making those that remain all the much more valuable. The latter two are particularly valuable for investors – a company that can afford to repay its investors through a quarterly or monthly dividend becomes that much more valuable.ĭividend payments can help provide a dependable income stream in retirement, or you can always dump those dividends back into the stock to buy more shares to increase your portfolio. It’s nice to know that your newly acquired stock represents a company that not only can pay its bills, but has the financial flexibility to make acquisitions, issue dividends or buy back shares. When you are looking for cash-rich stocks to buy, one thing that you can always put in the plus category is free cash flow.
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