Is BIO-TECHNE CORP (NASDAQ:TECH) suited for quality investing?

In this article we will dive into BIO-TECHNE CORP (NASDAQ:TECH) as a possible candidate for quality investing. Investors should always do their own research, but we noticed BIO-TECHNE CORP showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Why TECH may be interesting for quality investors.

• The 5-year revenue growth of TECH has been remarkable, with 10.17% increase. This showcases the company's strong performance in driving revenue growth and indicates its competitiveness within the market.
• With a robust ROIC excluding cash and goodwill at 24.05%, TECH showcases its effective allocation of capital and operational excellence. This metric signifies the company's ability to generate attractive returns and supports its long-term financial performance.
• With a Debt/Free Cash Flow Ratio of 1.18, TECH exhibits solid financial health and responsible debt management practices. This ratio indicates the company's ability to generate ample free cash flow to meet its debt obligations and pursue growth opportunities.
• With a robust Profit Quality (5-year) ratio of 121.0%, TECH highlights its ability to consistently generate high-quality profits. This metric reflects the company's effective management and operational excellence in delivering reliable earnings over the long term.
• TECH has demonstrated consistent growth in EBIT over the past 5 years, with a strong 10.77%. This signifies the company's ability to generate sustainable earnings and reflects its positive financial trajectory.
• TECH 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.

What is the full fundamental picture of TECH telling us.

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Overall TECH gets a fundamental rating of 6 out of 10. We evaluated TECH against 56 industry peers in the Life Sciences Tools & Services industry. TECH gets an excellent profitability rating and is at the same time showing great financial health properties. TECH has a decent growth rate and is not valued too expensively. With these ratings, TECH could be worth investigating further for quality investing!.

For an up to date full fundamental analysis you can check the fundamental report of TECH

More quality stocks can be found in our Caviar Cruise screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.