Debt, if well covered by cash flow, is a good way to multiply companies' return on equity. CAR has also used it to make acquisitions.
CSL is regarded as one of the highest quality companies on the ASX with very similar returns on equity, and has a debt to equity ratio higher than CAR.
REA manages its slightly lower return on equity without the doubling factor of 100% debt.
Therefore I would say currently REA is the best business, CSL beats CAR due to the more defensive nature of it's income but CAR is still up there with these top ASX guys.
I would also say that CAR has greater growth potential of the three given its investments in large, growing are relatively immature markets.
Your (CAR) mileage may vary.
First Time Sale, page-9
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Last
$37.82 |
Change
-0.005(0.01%) |
Mkt cap ! $14.28B | |||
| Open | High | Low | Value | Volume |
| $37.78 | $37.90 | $37.62 | $1.190M | 31.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 271 | $37.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.83 | 141 | 4 |
View Market Depth
| Last trade - 10.34am 24/12/2024 (20 minute delay) ? |
| CAR (ASX) Chart |
