The Rare Companies Compounding Through Free Cash Flow
These companies have something unusual and rare in common.
Their FCF has high and predictable growth (2nd and 3rd column), while their FCF yield remains fairly constant (4th column).
In other words, their share price appreciation has been through FCF going up, not a re-rating leading to FCF yield contracting.
$Republic(RSG)$ $Nordson(NDSN)$ $Allegion PLC(ALLE)$ $Travelers(TRV)$ $Medpace(MEDP)$ $Intercontinental Exchange(ICE)$ $Primerica(PRI)$ $Hartford Insurance(HIG)$ $Constellation Software, Inc.(CNSWF)$ $Automatic Data Processing Inc(ADP)$ $Marsh(MRSH)$ $Progressive(PGR)$
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