📐 Insights from linear compounders

I was recently looking at McDonald's and it's hard not to be impressed by its share price chart - see below. Over the last 20 years, they've grown their share price at an annualised rate of 12% per year. Equally impressive is the linearity of that growth, which is 0.97. For context, 1.00 is a perfectly straight line. Over the course of 2 decades, such consistent growth is incredibly rare and reflects the consistent and growing demand that McDonald's has seen for their products.

This got me thinking, what other companies have similar share price charts? So I updated my database of linear compounders. The link to the spreadsheet is at the bottom of the email and contains around 1500 companies, of which close to 100 have very impressive linear share price growth.

Let's now take a look at some of the other companies with impressive linearity.