Author: Eddy Elfenbein
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Here’s something I thought you might find interesting. This is the growth is the earnings per share for Mettler Toledo (MTD):
The red line is Wall Street’s estimate.
That’s pretty remarkable growth. There’s only one down year. To show you how steady, MTD’s growth has bee, here’s the same chart but I’ve added a trend line growing at 15%.
Despite have a market cap of $36 billion, you almost never hear about Mettler Toledo. So what do they do? From their press release:
METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance.
I highlight MTD for you because it has one of the most impressive track records of growing its profits consistently.
It’s not cheap. Based on yesterday’s close, MTD is going for 40 times next year’s earnings.