I've been keeping an eye on Utah Medical Products, Inc. ( NASDAQ:UTMD ) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe UTMD has a lot to offer. Basically, it is a company with great financial health as well as a an impressive track record of performance. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Utah Medical Products here .
Flawless balance sheet with solid track record
Over the past few years, UTMD has more than doubled its earnings, with its most recent figure exceeding its annual average over the past five years. This illustrates a strong track record, leading to a satisfying return on equity of 21%, which is an optimistic signal for the future. UTMD's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This indicates that UTMD has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. UTMD currently has no debt on its balance sheet. This implies that the company is running its operations purely on off equity funding. which is typically normal for a small-cap company. Therefore the company has plenty of headroom to grow, and the ability to raise debt should it need to in the future.
For Utah Medical Products, I've put together three pertinent aspects you should further research:
- Future Outlook : What are well-informed industry analysts predicting for UTMD’s future growth? Take a look at our free research report of analyst consensus for UTMD’s outlook.
- Valuation : What is UTMD 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 UTMD is currently mispriced by the market.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of UTMD? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
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If you spot an error that warrants correction, please contact the editor at email@example.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.