Share price growth is the result of change in FCF per share and change in FCF yield. So when we find a company that has grown its share price, it's important to investigate further and determine whether share price growth has been the result of improving fundamentals or
Let's take a quick look at four companies that have compounded their share price with a high level of linearity and also have a fairly decent underlying business. For each company, we will take a brief look at the business, growth, capital efficiency, valuation and share price momentum.
Over the last 15 years, Descartes Systems Group has grown its share price at an annualised rate of 24% per year. Just as impressive is the fact that it did so with a linearity of 0.93. Linearity refers to how straight a line. Companies with high linearity have a