The 5 year CAGR for VOC is 69% and AMM 43% , both excellent...

The 5 year CAGR for VOC is 69% and AMM 43% , both excellent numbers. But it is important to remember that market will pay up for growth and value which is a deadly combination.
the sustainable growth rate of a company is = ROE *(1-Payout ratio). So you can see the reason for this outperformance. It is the difference between instant gratification and delayed gratification , a sizeable outperformance . When VOC stops growing it is likely that the cash will flow into shareholders pockets as dividends. I take your point about cash in hand vs hoping for cash in the future. But the percentage points outperformance more than makes up for that instant gratification. All IMO and not saying that your approach is wrong..just outlined my way of thinking