Uncovering Dividend Opportunities with GENTEX CORP (NASDAQ:GNTX).

Our stock screener has singled out GENTEX CORP (NASDAQ:GNTX) as a promising choice for dividend investors. NASDAQ:GNTX not only scores well in profitability, solvency, and liquidity but also offers a decent dividend. We'll explore this further.

Deciphering NASDAQ:GNTX's Dividend Rating

ChartMill assigns a proprietary Dividend Rating to each stock. The score is computed by evaluating various valuation aspects, like the yield, the history, the dividend growth and sustainability. NASDAQ:GNTX was assigned a score of 7 for dividend:

• Compared to an average industry Dividend Yield of 4.16, GNTX pays a bit more dividend than its industry peers.
• GNTX has paid a dividend for at least 10 years, which is a reliable track record.
• GNTX has not decreased their dividend for at least 10 years, which is a reliable track record.
• GNTX pays out 20.79% of its income as dividend. This is a sustainable payout ratio.
• The dividend of GNTX is growing, but earnings are growing more, so the dividend growth is sustainable.

Understanding NASDAQ:GNTX's Health

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:GNTX has achieved a 9 out of 10:

• GNTX has an Altman-Z score of 13.29. This indicates that GNTX is financially healthy and has little risk of bankruptcy at the moment.
• With an excellent Altman-Z score value of 13.29, GNTX belongs to the best of the industry, outperforming 97.67% of the companies in the same industry.
• There is no outstanding debt for GNTX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
• GNTX has a Current Ratio of 3.69. This indicates that GNTX is financially healthy and has no problem in meeting its short term obligations.
• With an excellent Current ratio value of 3.69, GNTX belongs to the best of the industry, outperforming 86.05% of the companies in the same industry.
• GNTX has a Quick Ratio of 2.11. This indicates that GNTX is financially healthy and has no problem in meeting its short term obligations.
• GNTX has a better Quick ratio (2.11) than 79.07% of its industry peers.

Exploring NASDAQ:GNTX's Profitability

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:GNTX has earned a 8 out of 10:

• GNTX has a Return On Assets of 19.53%. This is amongst the best in the industry. GNTX outperforms 100.00% of its industry peers.
• Looking at the Return On Equity, with a value of 22.10%, GNTX belongs to the top of the industry, outperforming 93.02% of the companies in the same industry.
• GNTX has a Return On Invested Capital of 22.04%. This is amongst the best in the industry. GNTX outperforms 97.67% of its industry peers.
• GNTX had an Average Return On Invested Capital over the past 3 years of 17.11%. This is significantly above the industry average of 10.03%.
• The 3 year average ROIC (17.11%) for GNTX is below the current ROIC(22.04%), indicating increased profibility in the last year.
• The Profit Margin of GNTX (18.10%) is better than 100.00% of its industry peers.
• The Operating Margin of GNTX (21.42%) is better than 100.00% of its industry peers.
• GNTX has a Gross Margin of 33.90%. This is amongst the best in the industry. GNTX outperforms 81.40% of its industry peers.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

For an up to date full fundamental analysis you can check the fundamental report of GNTX

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.