A Spotlight On Touchwood Entertainment Limited's (NSE:TOUCHWOOD) Fundamentals

Simply Wall St
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Touchwood Entertainment Limited (NSE:TOUCHWOOD) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of TOUCHWOOD, 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 digging a bit deeper into my commentary, take a look at the report on Touchwood Entertainment here.

Outstanding track record with excellent balance sheet

TOUCHWOOD delivered a triple-digit bottom-line expansion over the past couple of years, with its most recent earnings level surpassing its average level over the last five years. This strong performance generated a robust double-digit return on equity of 26%, which is an notable feat for the company. TOUCHWOOD's ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This suggests prudent control over cash and cost by management, which is an important determinant of the company’s health. TOUCHWOOD’s debt-to-equity ratio stands at 6.1%, which means its debt level is acceptable. This implies that TOUCHWOOD has a healthy balance between taking advantage of low cost debt funding as well as sufficient financial flexibility without succumbing to the strict terms of debt.

NSEI:TOUCHWOOD Income Statement, July 19th 2019
NSEI:TOUCHWOOD Income Statement, July 19th 2019

Next Steps:

For Touchwood Entertainment, I've put together three pertinent factors you should look at:

  1. Future Outlook: What are well-informed industry analysts predicting for TOUCHWOOD’s future growth? Take a look at our free research report of analyst consensus for TOUCHWOOD’s outlook.

  2. Valuation: What is TOUCHWOOD 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 TOUCHWOOD is currently mispriced by the market.

  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TOUCHWOOD? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.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.

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