A clean balance sheet can signal disciplined management and stability. It also means a company can expand and thrive without relying on borrowed capital.
Even among the companies with sound capital structures, only a few stand out, and we’re here to help you identify them. Keeping that in mind, here are three companies with net cash positions that balance growth with stability.
DoubleVerify (DV)
Net Cash Position: $113.2 million (5.4% of Market Cap)
Using advanced analytics to evaluate over 17 billion digital ad transactions daily, DoubleVerify (NYSE: DV) provides AI-powered technology that verifies digital ads are viewable, fraud-free, brand-suitable, and displayed in the intended geographic location.
Why Are We Fans of DV?
- Impressive 27.9% annual revenue growth over the last five years indicates it’s winning market share
- Superior software functionality and low servicing costs lead to a stellar gross margin of 82.1%
- Software platform has product-market fit given the rapid recovery of its customer acquisition costs
DoubleVerify is trading at $12.96 per share, or 2.7x forward price-to-sales. Is now the time to initiate a position? Find out in our full research report, it’s free.
Pathward Financial (CASH)
Net Cash Position: $109.9 million (6.3% of Market Cap)
Formerly known as Meta Financial until its 2022 rebranding, Pathward Financial (NASDAQ: CASH) provides banking-as-a-service solutions and commercial finance products, enabling partners to offer financial services like prepaid cards, payment processing, and lending options.
Why Are We Bullish on CASH?
- Market share has increased this cycle as its 13.7% annual net interest income growth over the last five years was exceptional
- Differentiated product suite is reflected in its Strong performance of its loan book is reflected in its High-yielding loan book and low cost of funds result in a best-in-class net interest margin of 6.6%
- Share repurchases have amplified shareholder returns as its annual earnings per share growth of 16.3% exceeded its revenue gains over the last two years
Pathward Financial’s stock price of $76.86 implies a valuation ratio of 2.1x forward P/B. Is now the right time to buy? See for yourself in our full research report, it’s free.
FirstSun Capital Bancorp (FSUN)
Net Cash Position: $697.9 million (63.5% of Market Cap)
Tracing its roots back to 1892 when it first opened its doors in Kansas, FirstSun Capital Bancorp (NASDAQ: FSUN) operates Sunflower Bank, providing commercial and consumer banking services to businesses and individuals across the Southwest region.
Why Do We Like FSUN?
- Annual net interest income growth of 18.7% over the last five years was superb and indicates its market share increased during this cycle
- Non-interest operating profits and efficiency rose over the last four years as it benefited from some fixed cost leverage
- Annual tangible book value per share growth of 8.8% over the last four years was superb and indicates its capital strength increased during this cycle
At $39.47 per share, FirstSun Capital Bancorp trades at 1x forward P/B. Is now the time to initiate a position? Find out in our full research report, it’s free.
Stocks We Like Even More
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