10-23-2013, 02:45 PM
Was looking through the stocks I own for some prospects for my next purchase and QCOM stuck out at me.
According to Fastgraphs, it has a current PE of 15.1, a 10 year earnings growth rate of 22.6% and 10 year dividend growth rate of 33.8%. Earnings are also projected to grow a 5 year rate of 15% going forward.
In the last 10 years, 2008-2009 was the only one that showed a negative growth in earnings ($1.94 to $1.48).
The yield is a bit low at just 2.0% but I think the company is a great value play, the yield is just bonus. Although with the impressive dividend growth rate you'll grow the yield on cost rather quickly. With a payout ratio of just 26% the company should be able to continue with increases greater than earnings growth rate going forward.
Thoughts?
According to Fastgraphs, it has a current PE of 15.1, a 10 year earnings growth rate of 22.6% and 10 year dividend growth rate of 33.8%. Earnings are also projected to grow a 5 year rate of 15% going forward.
In the last 10 years, 2008-2009 was the only one that showed a negative growth in earnings ($1.94 to $1.48).
The yield is a bit low at just 2.0% but I think the company is a great value play, the yield is just bonus. Although with the impressive dividend growth rate you'll grow the yield on cost rather quickly. With a payout ratio of just 26% the company should be able to continue with increases greater than earnings growth rate going forward.
Thoughts?