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Should Quality-Oriented Investors Explore APPLIED INDUSTRIAL TECH INC (NYSE:AIT)?

By Mill Chart

Last update: Jan 26, 2024

Quality investors are looking for the best of the best. Companies which are growing steadily and consistently, but are also in excellent financial condition. We will have a look here to see if APPLIED INDUSTRIAL TECH INC (NYSE:AIT) is suited for quality investing. Investors should of course do their own research, but we spotted APPLIED INDUSTRIAL TECH INC showing up in our Caviar Cruise quality screen, so it may be worth spending some more time on it.

What matters for quality investors.

  • APPLIED INDUSTRIAL TECH INC has achieved substantial revenue growth over the past 5 years, with a 7.5% increase. This signifies the company's ability to successfully capture market opportunities and generate sustained revenue growth.
  • APPLIED INDUSTRIAL TECH INC demonstrates impressive performance in terms of ROIC excluding cash and goodwill, with a 34.36% ratio. This highlights the company's efficient utilization of capital and its focus on maximizing returns for investors.
  • With a favorable Debt/Free Cash Flow Ratio of 1.73, APPLIED INDUSTRIAL TECH INC showcases its sound financial discipline and cash flow management. This ratio indicates the company's ability to service its debt obligations while maintaining sufficient free cash flow for future investments or operational needs.
  • APPLIED INDUSTRIAL TECH INC demonstrates consistent Profit Quality over the past 5 years, with a strong 316.0%. This indicates the company's ability to generate sustainable and reliable profits, showcasing its long-term profitability and financial stability.
  • APPLIED INDUSTRIAL TECH INC has demonstrated consistent growth in EBIT over the past 5 years, with a strong 15.95%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
  • APPLIED INDUSTRIAL TECH INC demonstrates a remarkable trend where its EBIT 5-year growth exceeds its Revenue 5-year growth. This indicates the company's ability to enhance its profitability through improved cost control and operational efficiency.

Fundamental Analysis Observations

Every day ChartMill assigns a Fundamental Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple fundamental indicators and properties.

Overall AIT gets a fundamental rating of 6 out of 10. We evaluated AIT against 52 industry peers in the Trading Companies & Distributors industry. AIT scores excellent points on both the profitability and health parts. This is a solid base for a good stock. While showing a medium growth rate, AIT is valued expensive at the moment.

Our latest full fundamental report of AIT contains the most current fundamental analsysis.

Our Caviar Cruise screen will find you more ideas suited for quality investing.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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APPLIED INDUSTRIAL TECH INC

NYSE:AIT (5/24/2024, 7:13:19 PM)

After market: 195.72 0 (0%)

195.72

+0.16 (+0.08%)

AIT News

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