Over a 4 decades delivery 75%+ shareholder return who hold since IPO in 1979 !!! I just wish I am liucky to hold such investment as rarely would my SKILL would allow me to get this kind of returns !!! Welcome to smiling world of Colgate. I am not sure as customer of Colgate I would be smiling, but many investors would definitely. This is the top return in more than 40 companies return data I have analysed.
Find enclosed my key highlights on my working:
In my study, this time I also try to develop another period 1994-2020 period. In 1994, PE was highest at around 88 times. In 2020, PE was around 42 times. Despite PE de-rating by 50%, XIRR for shareholder return were reasonable 8.4%. While CAGR 8.4% p.a. it is not great, but still respectable in my view, in case one consider to Fixed income alternatives. This assist me work with high PE companies like Honeywell and 3M India. One another worth consideration is amazing consitency in RONW above 50% over 4 decades.
I am enclosing my working for everyone referece.
Colgate Past Return.xlsx (59.0 KB)