In This Article:
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Attractive stocks have exceptional fundamentals. In the case of Onward Technologies Limited (NSE:ONWARDTEC), there's is a company with great financial health as well as a a strong history of performance. Below, I've touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, read the full report on Onward Technologies here.
Flawless balance sheet with proven track record
In the previous year, ONWARDTEC has ramped up its bottom line by 51%, with its latest earnings level surpassing its average level over the last five years. In addition to beating its historical values, ONWARDTEC also outperformed its industry, which delivered a growth of 23%. This is an optimistic signal for the future. ONWARDTEC's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This indicates that ONWARDTEC has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. ONWARDTEC's has produced operating cash levels of 0.88x total debt over the past year, which implies that ONWARDTEC's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
Next Steps:
For Onward Technologies, I've compiled three important aspects you should further research:
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Future Outlook: What are well-informed industry analysts predicting for ONWARDTEC’s future growth? Take a look at our free research report of analyst consensus for ONWARDTEC’s outlook.
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Valuation: What is ONWARDTEC worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether ONWARDTEC is currently mispriced by the market.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ONWARDTEC? 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.