In This Article:
Attractive stocks have exceptional fundamentals. In the case of Tata Steel Limited (NSE:TATASTEEL), there’s is a highly-regarded dividend payer with a an impressive history of performance, trading at a discount. 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 Tata Steel here.
Outstanding track record, good value and pays a dividend
In the past couple of years, TATASTEEL has ramped up its bottom line by over 100%, with its latest earnings level surpassing its average level over the last five years. This illustrates a strong track record, leading to a satisfying return on equity of 30.3%, which is an notable feat for the company. TATASTEEL’s shares are now trading at a price below its true value based on its PE ratio of 4.52x, compared to the industry and wider stock market ratio, so potential investors can purchase the stock below its value.
TATASTEEL is considered one of the top dividend payers in the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments.
Next Steps:
For Tata Steel, there are three essential aspects you should look at:
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Future Outlook: What are well-informed industry analysts predicting for TATASTEEL’s future growth? Take a look at our free research report of analyst consensus for TATASTEEL’s outlook.
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Financial Health: Are TATASTEEL’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.
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Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TATASTEEL? 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.