Tassal Group Limited (ASX:TGR): Commentary On Fundamentals

Attractive stocks have exceptional fundamentals. In the case of Tassal Group Limited (ASX:TGR), there’s is a dependable dividend-paying company that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. If you’re interested in understanding beyond my broad commentary, take a look at the report on Tassal Group here.

Excellent balance sheet average dividend payer

TGR’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This suggests prudent control over cash and cost by management, which is an important determinant of the company’s health. TGR’s has produced operating cash levels of 0.51x total debt over the past year, which implies that TGR’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.

ASX:TGR Historical Debt, April 24th 2019
ASX:TGR Historical Debt, April 24th 2019

For those seeking income streams from their portfolio, TGR is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 3.6%.

ASX:TGR Historical Dividend Yield, April 24th 2019
ASX:TGR Historical Dividend Yield, April 24th 2019

Next Steps:

For Tassal Group, I’ve put together three relevant factors you should look at:

  1. Future Outlook: What are well-informed industry analysts predicting for TGR’s future growth? Take a look at our free research report of analyst consensus for TGR’s outlook.
  2. Historical Performance: What has TGR’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.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TGR? 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.