A clean balance sheet can signal disciplined management and stability. It also means a company can expand and thrive without relying on borrowed capital.
Not all companies with sound capital structures are created equal, and StockStory is here to help you find the best. That said, here are three companies with net cash positions that can leverage their balance sheets to grow.
American Superconductor (AMSC)
Net Cash Position: $215.1 million (15.5% of Market Cap)
Founded in 1987, American Superconductor (NASDAQ: AMSC) has shifted from superconductor research to developing power systems, adapting to changing energy grid needs and naval technology requirements.
Why Are We Bullish on AMSC?
- Annual revenue growth of 49% over the past two years was outstanding, reflecting market share gains this cycle
- Free cash flow profile has moved into positive territory over the last five years, showing the company has crossed a key inflection point
- Rising returns on capital show the company is starting to reap the benefits of its past investments
At $30.73 per share, American Superconductor trades at 35.8x forward P/E. Is now the right time to buy? Find out in our full research report, it’s free for active Edge members.
EPAM (EPAM)
Net Cash Position: $1.08 billion (9.4% of Market Cap)
Founded in 1993 during the early days of offshore software development, EPAM Systems (NYSE: EPAM) provides digital engineering, cloud, and AI transformation services to help global enterprises and startups modernize their technology systems and create digital products.
Why Are We Positive On EPAM?
- $5.30 billion in revenue allows it to spread its fixed costs across a wider base
- Robust free cash flow margin of 10.5% gives it many options for capital deployment
- ROIC punches in at 25.5%, illustrating management’s expertise in identifying profitable investments
EPAM’s stock price of $209.18 implies a valuation ratio of 16.8x forward P/E. Is now a good time to buy? See for yourself in our full research report, it’s free for active Edge members.
QuinStreet (QNST)
Net Cash Position: $91.49 million (11.1% of Market Cap)
Founded during the dot-com era in 1999 and specializing in high-intent consumer traffic, QuinStreet (NASDAQ: QNST) operates digital performance marketplaces that connect clients in financial and home services with consumers actively searching for their products.
Why Do We Love QNST?
- Annual revenue growth of 40.1% over the past two years was outstanding, reflecting market share gains this cycle
- Additional sales over the last two years increased its profitability as the 320% annual growth in its earnings per share outpaced its revenue
- Free cash flow margin increased by 4 percentage points over the last five years, giving the company more capital to invest or return to shareholders
QuinStreet is trading at $14.44 per share, or 12.8x forward P/E. Is now the time to initiate a position? Find out in our full research report, it’s free for active Edge members.
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