As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of International Speedway Corporation (NASDAQ:ISCA), it is a financially-robust , dividend-paying company with a a great history of performance. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on International Speedway here.
Excellent balance sheet with solid track record and pays a dividend
In the past couple of years, ISCA has ramped up its bottom line by over 100%, with its latest earnings level surpassing its average level over the last five years. Not only did ISCA outperformed its past performance, its growth also surpassed the Hospitality industry expansion, which generated a 41% earnings growth. This is an notable feat for the company. ISCA’s strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This suggests prudent control over cash and cost by management, which is a crucial insight into the health of the company. ISCA’s has produced operating cash levels of 0.87x total debt over the past year, which implies that ISCA’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
ISCA is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.
For International Speedway, I’ve put together three relevant aspects you should further research:
- Future Outlook: What are well-informed industry analysts predicting for ISCA’s future growth? Take a look at our free research report of analyst consensus for ISCA’s outlook.
- Valuation: What is ISCA 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 ISCA is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of ISCA? 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 email@example.com.