ORLY – O’REILLY AUTOMOTIVE, INC. (HQ: USA/Industry: Specialty Retail)
O’Reilly Automotive and its Subsidiaries is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling products to both do-it-yourself and professional service provider customers.

O’Reilly Automotive has had consistent revenue and EPS growth over the last 10-years, increasing 115% and 270%. Along with reducing the outstanding share count by more than 43%. Although BV has been decreasing and debt to equity increasing over the last several years. To value the business at their current market price the company would need more than a 15% per year growth for the next 10-years.”

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=898173&owner=exclude

ECL – ECOLAB INC. (HQ: USA/Industry: Chemicals)
Ecolab is a global leader in water, hygiene and infection prevention solutions and services. Delivering comprehensive solutions, data-driven insights and personalized service to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world.

Ecolab revenue has remained relatively flat over the last 10-years, increasing by less than 8%, though there have been years with higher sales. There have been multiple years with declining EPS, BV and FCF, but overall all are up over the period (66%, 17% & 138%). To value the business at their current market price the company would need more than a 16% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=31462&owner=exclude

BGS – B&G FOODS, INC. (HQ: USA/Industry: Food Products)
B&G Foods manufactures, sells and distributes a diverse portfolio of branded, high quality, shelf-stable and frozen food and household products across the United States, Canada and Puerto Rico. Many of its branded products have leading regional or national market shares.

B&G Foods revenue has mostly been growing over the last 10-years, with an increase totaling 224%. Although, EPS, BV, and FCF have all had multiple years of declines, to include 2021. Along with a share count that has grown 32% during the period. To value the business at their current market price the company would need more than a 5% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1278027&owner=exclude

CLS – CELESTICA INC. (HQ: Canada/Industry: Electronics, Instruments & Components)
Celestica delivers innovative supply chain solutions globally to customers in two operating and reporting segments: advanced technology solutions and connectivity & cloud solutions. The company’s customers include original equipment manufacturer, cloud-based and other service providers, including hyperscalers, and other companies in a wide range of industries.

Celestica’s revenue and FCF have declined over the last 10-years. Though EPS is up 46%, there has been several years of declines. But BV has mostly been growing, while the outstanding share count decreased by 40%. To value the business at their current market price the company would need more than a 2% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=1030894&owner=exclude

WSO – WATSCO, INC. (HQ: USA/Industry: Trading Companies & Distributors)
Watsco, and its subsidiaries is the largest distributor of air conditioning, heating and refrigeration equipment and related parts and supplies distribution industry in North America. Operating from 671 locations in 42 U.S. States, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to portions of Latin America and the Caribbean.

Watsco has had continuous revenue, and EPS growth over the last 10-years, increasing 83% and 299%. While BV has had mostly continuous growth as well. Though there were multiple years of declining FCF, overall it has grown during the period. To value the business at their current market price the company would need more than a 17% per year growth for the next 10-years.

SEC filing link: https://www.sec.gov/edgar/browse/?CIK=105016&owner=exclude