This study on the Nasdaq market reflects my belief that stock buying is not a mere daily activity of monitoring share movements and making quick decisions. Instead, it represents a serious, long-term partnership. In this journey, I approach evaluating companies as I would getting to know a person:

Through this thoughtful evaluation, we seek to form meaningful and trustworthy long-term investment relationships, grounded in shared values and mutual understanding.

AllianceBernstein, USA, is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. It is one of the largest investment management firms in the world, with $646 billion in assets under management.

As of June 1988, the stock price was $2.63. By June 2024, it was $33.74. This results in a Compound Annual Growth Rate (CAGR) of 7.34% per year.

AllianceBernstein Holding L.P. has split its stock two times since its initial public offering (IPO):

These splits mean one original share becomes four shares after the two splits over a 31-year period. This results in a CAGR of 4.57% per year for the period of 31 years.

The average dividend yield is approximately 7% per year over the last 19 years.

Note: These rates do not include growth from stock splits.

If you had invested $10,000 on June 26, 2014, it would have yielded $32,398 by June 24, 2024, without reinvesting dividends. This results in a CAGR of 8.87% per year over the last ten years.

Alliance Resource Partners, USA, is a leading producer of thermal and metallurgical coal. From our seven underground mining complexes, we produce a diverse range of coal products with varying heat and sulfur contents, meeting the broad specifications required by customers. Our operations are located in attractive basins for both domestic and export markets, ensuring a safe, reliable, affordable, and secure power supply for millions of utility consumers.

Reference: Our Businesses - Coal Operations

As of June 2007, the stock price was $4.39. By June 2024, it was $194.35. Over a period of 17 years, the stock's CAGR works out to 24.97% per year.

Price History Reference

Yearly Dividend History Reference

Total Dividend Yield (23 years): 613.6

Average Dividend Yield: 26.6

Stock Split History Reference

The multiplier effect is 4 over a 23-year period, resulting in a stock split CAGR of 6.21% per year.

SEI Investments Company, formerly Simulated Environments Inc, is a financial services company headquartered in Oaks, Pennsylvania, USA. The company describes itself as "a global provider of investment processing, investment management, and investment operations solutions." SEI provides products and services to institutions, private banks, investment advisors, investment managers, and private clients. Through its subsidiaries and partnerships, SEI manages, advises, or administers $1 trillion in hedge funds, private equity, mutual funds, and pooled or separately managed assets, including $352 billion in assets under management and $683.3 billion in client assets under administration as of 2019.

As of June 2007, the stock price was $29.43. By June 2024, it was $64.56. This results in a Compound Annual Growth Rate (CAGR) of 4.7% per year over a period of 17 years.

SEI Investments Company has split its stock multiple times since its initial public offering (IPO):

The multiplier effect is 24 over a period of 38 years, resulting in a stock split CAGR of 8.72% per year.

The average dividend yield is approximately 1.2% per year over the last 19 years.

If you had invested $10,000 on July 3, 2014, it would have yielded $21,593 by July 1, 2024, without reinvesting dividends. This results in a CAGR of 8.00% per year over the last ten years.

Combining stock price CAGR (4.7%), average dividend yield (1.2%), and stock split CAGR (8.72%) gives a rough idea of 14.62% per year. While this method isn't perfectly accurate, it provides a useful comparison.

Chevron (HQ San Ramon, California, USA) is the largest direct descendant of Standard Oil. Originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in San Ramon, California, and active in more than 180 countries. Formerly known as Pacific Coast Oil Co. (1879–1906), Standard Oil of California (1906–1984), and ChevronTexaco Corporation (2001–2005), Chevron is one of the largest companies in the world and the second largest oil company based in the United States by revenue, only behind fellow Standard Oil descendant ExxonMobil. Chevron ranked 10th on the Fortune 500 in 2023.

Chevron has been subject to numerous controversies, such as the "jailing" of Lago Agrio lawyer Steven Donziger. Donziger was placed under house arrest in August 2019. In September 2021, the United Nations High Commissioner for Human Rights stated this was illegal. In June 2022, a federal appeals court affirmed Donziger's criminal contempt conviction. In March 2023, the Supreme Court declined to hear further appeals.

As of June 1985, the stock price was $8.95. By June 2024, it was $157.68. This results in a Compound Annual Growth Rate (CAGR) of 7.63% per year over a period of 39 years.

From the chart, the average dividend yield is approximately 3.10% per year over the last 19 years.

Chevron has split its stock two times since its initial public offering (IPO):

The multiplier effect is 4 over a period of 39 years, resulting in a stock split CAGR of 3.61% per year.

If you had invested $10,000 on July 7, 2014, it would have yielded $15,825 by July 2, 2024, without reinvesting dividends. This works out to a CAGR of 4.69% per year for ten years.

If you add the stock price CAGR (7.63%) + dividend yield (3.10%) + stock split CAGR (3.61%), it totals 14.33% CAGR per year. In reality, you cannot simply add these figures as you cannot add 4 apples + 3 oranges + 2 peaches and say it is 9. However, it does give you an idea.

Franklin Electric designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. The company’s business consists of three segments: Water Systems, Fuelling Systems, and Distribution. The Water Systems segment is engaged in the production and marketing of water pumping systems and submersible motors, pumps, drives, electronic controls, and monitoring devices. The Fuelling Systems segment is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems. The Distribution segment operates as a collection of wholly-owned groundwater distributors. The company also operates manufacturing facilities in the United States, Germany, Czech Republic, Italy, Turkey, Mexico, Brazil, Australia, South Africa, China, and Japan.

As of July 2007, the stock price was $23.50. By July 2024, it was $95.29. This results in a Compound Annual Growth Rate (CAGR) of 8.58% per year over a period of 17 years.

From the chart, the average dividend yield is approximately 1.2% per year over the last 19 years.

Franklin Electric has split its stock three times since its initial public offering (IPO):

The multiplier effect is 8 over a period of 44 years, resulting in a stock split CAGR of 4.84% per year.

If you had invested $10,000 on July 8, 2014, it would have yielded $26,041 by July 3, 2024, without reinvesting dividends. This works out to a CAGR of 10.04% per year over the last ten years.

If you add the stock price CAGR (8.58%) + dividend yield (1.2%) + stock split CAGR (4.84%), it totals 14.62% CAGR per year. In reality, you cannot simply add these figures as you cannot add 3 apples + 4 oranges + 5 peaches and say the total is 12. However, it gives you a rough idea.

First Solar is a provider of photovoltaic (PV) solar energy solutions, manufacturing and selling PV solar modules with a thin film semiconductor technology. This technology provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. The company's main segment is the modules segment, which involves the design, manufacture, and sale of cadmium telluride solar modules that convert sunlight into electricity. First Solar's residual business operations include certain project development activities, operations and maintenance services mainly concentrated in Japan, and the results of operations from PV solar power systems it owns and operates in certain international regions.

First Solar's solar panel efficiency is 19%. Its competitor, Maxeon Solar Technologies, produces solar panels with 24.9% efficiency and is headquartered in Singapore.

As of July 2008, the stock price was $29.34. By July 2024, it was $213.42. This results in a Compound Annual Growth Rate (CAGR) of 13.58% per year over a period of 16 years.

First Solar has no dividend history.

First Solar has no stock split history.

If you had invested $10,000 on July 24, 2014, it would have yielded $34,808 by July 23, 2024, without reinvesting dividends. This works out to a CAGR of 13.28% per year for a ten-year period.

Globant S.A., together with its subsidiaries, provides technology services worldwide. It offers digital solutions, including blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing. The company also provides enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, and technology solutions for AWS, Google Cloud, Microsoft, Oracle, Salesforce, SAP, and ServiceNow.

Additionally, Globant offers e-commerce, conversational interfaces, design, digital marketing, and digital product delivery services. The company operates several AI-powered platforms and solutions such as Augoor, MagnifAI, StarMeUp, WaaSabi, Walmeric, GeneXus, Navigate, BeHealthy, and FluentLab. It serves various industries, including media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, consumer, retail and manufacturing, health care, and others.

Formerly known as IT Outsourcing S.L., the company changed its name to Globant S.A. in December 2012. Founded in 2003, Globant S.A. is based in Luxembourg, Luxembourg.

As of July 2015, the stock price was $26.27. By July 2024, it was $189.24. This results in a Compound Annual Growth Rate (CAGR) of 24.53% per year over a period of nine years.

Globant S.A. does not pay dividends.

Globant S.A. has no stock split history.

If you had invested $10,000 on July 23, 2014, it would have yielded $68,302 by July 19, 2024, without reinvesting dividends. This works out to a CAGR of 21.18% per year for a ten-year period.

Google LLC is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial intelligence (AI). Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin while they were PhD students at Stanford University in California.

Sundar Pichai was appointed CEO of Google on October 24, 2015, replacing Larry Page, who became the CEO of Alphabet. On December 3, 2019, Pichai also became the CEO of Alphabet. The company has since rapidly grown to offer a multitude of products and services beyond Google Search, many of which hold dominant market positions. These products address a wide range of use cases, including email (Gmail), navigation (Waze & Maps), cloud computing (Cloud), web navigation (Chrome), video sharing (YouTube), productivity (Workspace), operating systems (Android), cloud storage (Drive), language translation (Translate), photo storage (Photos), videotelephony (Meet), smart home (Nest), smartphones (Pixel), wearable technology (Pixel Watch & Fitbit), music streaming (YouTube Music), video on demand (YouTube TV), AI (Google Assistant & Gemini), machine learning APIs (TensorFlow), AI chips (TPU), and more. Discontinued Google products include gaming (Stadia), Glass, Google+, Reader, Play Music, Nexus, Hangouts, and Inbox by Gmail.

Google's other ventures outside of internet services and consumer electronics include quantum computing (Sycamore), self-driving cars (Waymo, formerly the Google Self-Driving Car Project), smart cities (Sidewalk Labs), and transformer models (Google DeepMind).

As of July 2014, the stock price was $27.92. By July 2024, it was $168.68. This results in a Compound Annual Growth Rate (CAGR) of 19.70% per year over a period of ten years.

Alphabet Inc. does not pay dividends.

Alphabet Inc. has had several stock splits:

The multiplier effect is 160 over a period of ten years, resulting in a stock split CAGR of 66.11% per year.

If you had invested $10,000 on July 31, 2014, it would have yielded $60,114 by July 31, 2024, without reinvesting dividends. This works out to a CAGR of 19.65% per year.

If you add the stock price CAGR (19.70%) + stock split CAGR (66.11%), it totals 85.81%. In reality, you cannot simply add these figures as you cannot add 4 apples + 3 oranges and say it is seven. However, it does give you some idea. The last ten years total CAGR also indicates a similar message.

Helmerich & Payne, Inc. is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies. The company is headquartered in Tulsa, Oklahoma, and operates worldwide.

H&P's FlexRigs, introduced in 1998, feature a flexible drilling range, reduced average moving time compared to conventional rigs, and enhanced safety features. These rigs have been extensively used in drilling unconventional shale formations such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas. H&P is the largest onshore driller in the United States, holding over 20% of the American land drilling market share and over 40% of the super-spec American land drilling market share.

The company experienced significant growth due to shale drilling but faced challenges starting in 2015 as lower crude oil prices led to a reduction in the use of their oil rigs. Despite these challenges, the company reported a net income of $0.84 billion in 2024, recovering from a loss of $0.421 billion in 2020. As renewable energy gains dominance, H&P's future success may depend on diversification into new markets or activities.

H&P has paid dividends for 34 years, with an average annual dividend yield of roughly 2.0%.

H&P has undergone several stock splits:

The multiplier effect from these splits is 8x over a 44-year period, resulting in a stock split CAGR of 4.83% per year.

Adding the stock price CAGR (6.14%), dividend CAGR (2.0%), and stock split CAGR (4.83%) gives an approximate combined CAGR of 15.22%. Although not mathematically accurate to add these figures directly, it provides a rough estimate of overall growth. This growth rate is better than the historical CAGR of gold.

IES Holdings Inc. operates through its subsidiaries, focusing on the design and installation of integrated electrical and technology systems while providing infrastructure products and services. The company operates in four primary segments: Communications, Residential, Infrastructure Solutions, and Commercial & Industrial. Most of its revenue is derived from the Residential segment, which offers electrical and HVAC installation services for both new constructions and existing residences, including solar power installations.

IESC, which stands for Integrated Electrical Services, is headquartered in Houston, Texas, and has over 125 locations with 8,000+ employees across the continental United States. The company began trading under the symbol (IEE) on the New York Stock Exchange on January 27, 1998. In 2002, IESC was ranked as the largest electrical contractor in the United States, with $1.475 billion in revenue.

In February 2006, Integrated Electrical Services filed for Chapter 11 bankruptcy and emerged from it three months later. The company underwent a significant reverse stock split on May 15, 2006, which had a substantial impact on its stock. IESC sold its subsidiary Key Electrical Supply Inc. to Elliott Electric Supply Inc. on February 28, 2011. Despite past challenges, the company was listed as number five on Houston Chronicle’s list in July 2020.

IES Holdings (IESC) had a reverse stock split on May 15, 2006. The split ratio was 1000 for 17092, meaning for each 17,092 shares owned pre-split, the shareholder now owned 1000 shares. This reverse split had a notable impact on the stock's history and valuation.

IES Holdings has not paid dividends.

If you had invested $10,000 on August 5, 2014, it would have yielded $244,742 by August 5, 2024, without dividends being reinvested. This results in a CAGR of 38.69% per year for the last ten years.

The reverse stock split on May 15, 2006, continues to have lingering effects on the stock's historical performance and valuation. The impact of this split is essential when evaluating the stock's long-term performance.

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company across various regions, including South America, Central America, Mexico, the United States, Canada, and internationally. The company operates through two primary segments: Mining and Energy. Its portfolio is mainly focused on precious metals such as gold, silver, and platinum group metals. Additionally, Franco-Nevada engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent. The company was founded in 1986 and is headquartered in Toronto, Canada.

Franco-Nevada has maintained an average dividend yield of approximately 1% over the past 12 years.

Franco-Nevada had a 2-for-1 stock split on October 2, 1997. Over a 27-year period, this split results in a stock split CAGR of 2.60% per year.

If you had invested $10,000 on July 23, 2014, it would have yielded $23,820 by July 19, 2024, without dividends being reinvested. This results in a ten-year CAGR of 9.06% per year.

Adding the stock price CAGR (11.70%), dividend yield (1%), and stock split CAGR (2.60%) gives a rough estimate of a combined CAGR of 15.30% per year. However, it's important to note that this is not mathematically accurate as you cannot simply add these figures together like adding 5 apples, 6 oranges, and 7 peaches and saying the total is 18. Nonetheless, it provides a general idea of the investment's performance. Interestingly, the ten-year CAGR also aligns with this approximation.blob

National Beverage Corp. is an American beverage developer, manufacturer, and distributor based in Fort Lauderdale, Florida. The company focuses on flavored soft drinks, with its most notable brands being La Croix, Shasta, and Faygo.

National Beverage Corp. has not paid any dividends, with a dividend yield of zero.

National Beverage has undergone several stock splits:

The combined multiplier from these splits is 38.4x over a 30-year period, resulting in a stock split CAGR of 12.93% per year.

If you had invested $10,000 on July 23, 2014, it would have yielded $68,302 by July 19, 2024, without dividends being reinvested. This results in a ten-year CAGR of 21.18% per year.

Adding the stock price CAGR (13.62%) and stock split CAGR (12.93%) gives a rough estimate of a combined CAGR of 26.55% per year. However, it's important to note that this is not mathematically accurate, as you cannot simply add these figures together like adding 4 apples and 3 oranges and saying the total is seven. Nonetheless, it provides a general idea of the investment's performance. Interestingly, the ten-year CAGR also aligns with this approximation.

Helmerich & Payne, Inc. is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies. The company is headquartered in Tulsa, Oklahoma, and operates globally.

H&P is known for its FlexRigs, introduced in 1998, which feature:

These rigs have been extensively used in drilling unconventional shale formations, such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas. H&P is the largest onshore driller in the United States, holding over 20% of the American land drilling market share and over 40% of the super-spec American land drilling market share.

After benefiting and growing as a result of shale drilling, the company began losing market share and shrinking in size as of 2015, as lower crude oil prices led to cuts in the use of their oil rigs. In 2017, their net income was $0.5 billion, but by 2020, they reported a loss of $0.421 billion. In 2024, the company’s net income recovered to $0.84 billion. As renewable energy gains dominance over oil and coal, their rigs may see less demand unless they diversify into new markets or activities. Despite this, the company remains attractive as an investment.

H&P has paid dividends for 34 years, with an average annual dividend yield of roughly 2.0%.

H&P has undergone several stock splits:

The multiplier effect from these splits is 8x over a 44-year period, resulting in a stock split CAGR of 4.83% per year.

If you add the stock price CAGR (6.14%), dividend yield (2.0%), and stock split CAGR (4.83%), the rough estimate for the combined CAGR is 15.22% per year. Logically, this method is not accurate, but it does provide a rough idea. This estimated return is better than the historical CAGR for gold.

IES Holdings Inc. operates through its subsidiaries, focusing on the design and installation of integrated electrical and technology systems while providing infrastructure products and services. The company operates in four primary segments:

Most of its revenue is derived from the Residential segment, which offers electrical and HVAC installation services for both new constructions and existing residences, including solar power installations.

IESC incorporates Integrated Electrical Services (IES) and is headquartered in Houston, Texas. The company has over 125 locations with 8,000+ employees across the continental United States. On January 27, 1998, Integrated Electrical Services began trading with the symbol (IEE) on the New York Stock Exchange. In 2002, IES was ranked as the largest electrical contractor in the United States, with $1.475 billion in revenue.

In February 2006, Integrated Electrical Services filed for Chapter 11 bankruptcy and emerged three months later. On February 28, 2011, IES sold its subsidiary Key Electrical Supply Inc. to Elliott Electric Supply Inc. In July 2020, IES was listed as number five on Houston Chronicle’s list of top companies.

However, the impact of the reverse split on May 15, 2006, is not fully understood, which may affect this calculation.

IES Holdings (IESC) has had one significant stock split recorded in its history. This split took place on May 15, 2006, and was a reverse split with a ratio of 1000 for 17092, meaning that for every 17,092 shares owned pre-split, the shareholder now owned 1,000 shares. For example, a 1,000 share position pre-split became a 58.51 share position following the split.

IES Holdings has not paid any dividends.

If you had invested $10,000 on August 5, 2014, it would have yielded $244,742 by August 5, 2024, without dividends being reinvested. This results in a ten-year CAGR of 38.69% per year.

Imperial Oil Limited (French: Compagnie Pétrolière Impériale Ltée) is a Canadian petroleum company and the second-largest integrated oil company in Canada. It is majority-owned by American oil company ExxonMobil, which holds a 69.6% ownership stake in the company. Imperial Oil is a producer of crude oil, diluted bitumen, and natural gas, and is one of Canada's major petroleum refiners and petrochemical producers. The company supplies Esso-brand service stations and most of its production comes from its natural resource holdings in the Alberta oil sands and the Norman Wells oil field in the Northwest Territories.

Imperial Oil was ranked 34th in the Arctic Environmental Responsibility Index (AERI) for 2021 out of 120 mining, oil, and gas corporations that extract resources north of the Arctic Circle. The Council on Ethics recommends that Imperial Oil Ltd be excluded from investment by the Government Pension Fund Global (GPFG) due to an unacceptable risk that the company is contributing to or responsible for high levels of greenhouse gas emissions.

Imperial Oil’s production from oil sand resources in Alberta results in far higher greenhouse gas emissions than the global average, and the company lacks specific plans to reduce these emissions to more acceptable levels within a reasonable period. Additionally, the company’s emissions are not subject to a regulatory regime as stringent as the EU ETS and have a lower government-imposed cost compared to corresponding emissions in the EU.

The company has implemented various organizational design efforts, including a code of business practices, annual sign-offs, training and development, recruitment and selection, and a focus on ethics in its management control framework. Despite these efforts, incidents have occurred that have caused concerns about the sufficiency of these measures.

On average, Imperial Oil has provided a dividend yield of approximately 2% per year over the past 35 years.

Imperial Oil has undergone several stock splits:

The combined multiplier from these splits is 9x over a 35-year period, resulting in a stock split CAGR of 6.47% per year.

If you had invested $10,000 on August 8, 2014, it would have yielded $15,888 by August 2024, without dividends being reinvested. This results in a ten-year CAGR of 4.73% per year. Adding an average dividend yield of 2% would bring the total return closer to the long-term average.

The 30-year CAGR, accounting for stock splits and dividends, is approximately 18.87% per year.

Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware, and Morges, Switzerland. The company was created in 2002 through the merger of Incyte Pharmaceuticals, founded in Palo Alto, California in 1991, and Incyte Genomics, Inc. of Delaware. Incyte currently operates manufacturing and R&D locations in North America, Europe, and Asia. The company develops and manufactures prescription biopharmaceutical medications across multiple therapeutic areas, including oncology, inflammation, and autoimmunity.

Incyte Corporation has seven marketed and co-marketed pharmaceutical products, including:

In 2013, Novartis acquired Incyte's c-Met inhibitor capmatinib (INC280, INCB028060), which is marketed under the brand name Tabrecta.

Incyte Corporation agreed to pay $12.6 million in 2021 to resolve allegations that it violated the False Claims Act by paying kickbacks. The allegations, which have not been proven, claimed that from November 2011 through December 2014, Incyte used an independent foundation as a conduit to pay the copays of certain federal beneficiaries taking Incyte’s drug Jakafi.

Incyte Corporation has no dividend history over its 53 years, according to MacroTrends and Nasdaq.

Incyte Corporation has undergone two stock splits:

The combined multiplier from these splits is 4x over a 31-year period, resulting in a stock split CAGR of 4.57% per year.

If you add the stock price CAGR (12.40%) and the stock split CAGR (4.57%), the rough estimate for the combined CAGR is 16.97% per year. While it’s not mathematically accurate to add these figures directly, this approximation provides a general idea of the investment's performance.

Infosys Limited is an Indian multinational information technology company that offers business consulting, information technology, and outsourcing services. Founded in Pune, the company is headquartered in Bangalore. As of 2020, Infosys is the second-largest Indian IT company by revenue, following Tata Consultancy Services (TCS).

On August 24, 2021, Infosys became the fourth Indian company to achieve a market capitalization of US$100 billion, solidifying its position as one of the leading Big Tech (India) companies. Infosys was founded by seven engineers in Pune, Maharashtra, India, in 1981 with an initial capital of $250.

As of March 31, 2024, Infosys operates 94 sales and marketing offices and 139 development centers globally. The company’s operations are spread across key regions, including India, the United States, Canada, China, Australia, Japan, the Middle East, and Europe. In the fiscal year 2023-2024, Infosys generated approximately:

Infosys has been recognized by Ethisphere as one of the World's Most Ethical Companies for the fourth consecutive year in 2024.

In 2019, Infosys faced whistleblower complaints alleging that some employees were instructed not to fully recognize costs, such as visa expenses, to boost profits. There were also claims that the company’s CEO at the time bypassed reviews and approvals in large deals and directed the sales team to make incorrect assumptions to show inflated margins. These allegations raised concerns about the company's accounting practices and corporate governance.

The average rough dividend for the last ten years is approximately 2% per year.

Infosys has undergone several stock splits:

The combined multiplier from these splits is 64x over a 25-year period, resulting in a stock split CAGR of 18.09% per year.

If you had invested $10,000 on August 12, 2014, it would have yielded $33,855 by August 9, 2024, without dividends being reinvested. This results in a ten-year CAGR of 12.96% per year.

Adding the stock price CAGR (32.58%), dividend yield (2%), and stock split CAGR (18.09%) gives a rough estimate of a combined CAGR of 52.67% per year. However, it's important to note that this is not mathematically accurate as you cannot simply add these figures directly (like adding 4 apples and 3 oranges and saying the total is seven). Nonetheless, it provides a general idea of the investment's performance.

Innospec Inc., formerly known as Octel Corporation and Associated Octel Company, Ltd., is an American specialty chemical company. It comprises three business units:

Innospec has made several recent acquisitions and divestments:

In 2007, US authorities alerted the UK Serious Fraud Office (SFO) to Innospec's activities, involving allegations of defrauding the United Nations using kickbacks under the UN Oil for Food Program (OFFP) and making bribe payments to officials in the Iraqi Oil Ministry. On March 10, 2010, Innospec pled guilty to a 12-count indictment in the U.S. and admitted to violating the U.S. embargo against Cuba. Additionally, investigations revealed that Innospec, while trading as Octel, bribed officials in Iraq and Indonesia to continue using TEL (Tetraethyllead) as a fuel additive, which is known to cause brain damage in children through elevated lead levels. The investigations resulted in the convictions of four executives, three of whom were sentenced to prison.

The average dividend yield over the last 20 years is approximately 2.05% per year.

Innospec had a stock split in 2007 with a ratio of 2-for-1. This results in a stock split CAGR of approximately 2.7% per year over the 26-year period.

Adding the stock price CAGR (7.49%), dividend yield (2.05%), and stock split CAGR (2.7%) gives a rough estimate of a combined CAGR of 11.49% per year. However, it’s important to note that this is not mathematically accurate, as you cannot simply add these figures directly (similar to adding 4 apples and 3 oranges and saying the total is seven). Nonetheless, this provides a general idea of the investment's performance.

Intuitive Surgical, Inc. is an American biotechnology company that develops, manufactures, and markets robotic products designed to improve clinical outcomes for patients through minimally invasive surgery. The company is best known for its da Vinci Surgical System, which allows surgeons to perform complex procedures with enhanced precision and control. Intuitive Surgical is part of the Nasdaq-100 and S&P 500 indices.

As of December 31, 2021, Intuitive Surgical had an installed base of 6,730 da Vinci Surgical Systems globally, distributed as follows:

The development of the da Vinci Surgical System began in the late 1980s at SRI International, a non-profit research institute based in Menlo Park, California, formerly known as Stanford Research Institute.

The benefits of using minimally invasive techniques, such as those enabled by the da Vinci Surgical System, include:

Intuitive Surgical Inc. has faced more than 3,400 lawsuits related to the da Vinci Robotic Surgery System. The lawsuits allege that the company knew about defects and dangers associated with the system but failed to warn patients and doctors. Furthermore, the company is accused of failing to properly train surgeons on using the system and promoting it for uses not approved by the FDA.

Intuitive Surgical has not paid any dividends to date.

Intuitive Surgical has undergone several stock splits:

The combined multiplier from these splits is 4.5x over a 24-year period, resulting in a stock split CAGR of 6.46% per year.

Adding the stock price CAGR (25.59%) and the stock split CAGR (6.46%) gives a rough estimate of a combined CAGR of 32.05% per year. Although this method of adding the percentages is not mathematically accurate, it provides a general idea of the investment's performance.

J&J Snack Foods Corp. (JJSFC) is an American manufacturer, marketer, and distributor of branded snack foods and frozen beverages. The company is headquartered in Mt. Laurel, New Jersey, and operates over 175 facilities dedicated to manufacturing, warehousing, and distribution across 44 states, Mexico, and Canada. JJSFC's product portfolio includes:

JJSFC is structured into three business groups:

The average rough dividend over the past 18 years is approximately 1.4% per year, based on historical data.

JJSF has undergone the following stock splits:

The combined multiplier from these splits is 4x over a 48-year period, resulting in a stock split CAGR of 2.93% per year.

If you had invested $10,000 on August 21, 2014, it would have yielded $20,518 by August 20, 2024, without dividends being reinvested. This results in a ten-year CAGR of 7.45% per year.

Adding the stock price CAGR (12.43%), dividend yield (1.4%), and stock split CAGR (2.93%) gives a rough estimate of a combined CAGR of 16.76% per year. However, it's important to note that this method of adding percentages is not mathematically accurate (like adding 3 apples and 4 oranges to say it equals 7). Nevertheless, this provides a general idea of the investment's performance.

Jack Henry & Associates Inc. (JKHY) is a provider of financial technology solutions and payment processing services, primarily serving community banks and credit unions. The company's offerings include transaction processing, business process automation, and information management solutions. Jack Henry assists regional banks and credit unions in controlling risk, making regulatory filings, and enhancing their online banking services.

The company was founded in 1976 by Jack Henry and Jerry Hall in Monett, Missouri. On November 20, 1985, Jack Henry became a publicly traded company. Over the years, the company expanded its product offerings and client base through acquisitions, including the purchase of Symitar in 2000, which established its second brand serving the credit union industry. In 2006, the company launched its third primary brand, ProfitStars, to encompass specialized products and services acquired over time.

Jack Henry has grown significantly since its inception, with revenue increasing from $115,222 in its first year to over $1 billion by 2012. As of 2021, the company employed more than 6,800 people across over 20 states and was recognized by Forbes as one of America’s "Best Large Employers" for the fourth time.

The average dividend yield over the past 20 years is approximately 1.2% per year, based on historical data.

Jack Henry has undergone several stock splits:

The combined multiplier from these splits is 18x over a 39-year period, resulting in a stock split CAGR of 7.69% per year.

If you had invested $10,000 on August 15, 2014, it would have yielded $31,355 by August 22, 2024, without dividends being reinvested. This results in a ten-year CAGR of 12.10% per year.

Adding the stock price CAGR (26.12%), dividend yield (1.2%), and stock split CAGR (7.69%) gives a rough estimate of a combined CAGR of 35.01% per year. However, it's important to note that this method of adding percentages is not mathematically accurate (like adding 3 apples and 4 oranges to say it equals 7). Nevertheless, this provides a general idea of the investment's performance.

Lennar Corporation is a leading home construction company based in Miami-Dade County, Florida. As of 2023, Lennar is the second-largest homebuilder in the United States by the number of homes sold, with an annual revenue exceeding $34 billion. The company operates in 26 states and 75 markets across the nation. In 2023, Lennar was ranked 119th on the Fortune 500 list.

Lennar's primary business activities include the construction and sale of single-family attached and detached homes, along with the development and sale of residential land. The company also provides additional services such as:

Lennar operates in various U.S. states, including Florida, North Carolina, New Jersey, Georgia, Maryland, and Texas, among others.

Lennar has faced a class action lawsuit related to construction defects and fraudulent practices. The lawsuit has raised concerns about transparency, accountability, and quality control in the real estate industry. Homebuyers are increasingly demanding stricter standards from developers, and this lawsuit underscores the need for homebuilders to prioritize consumer protection.

The average dividend yield over the past 25 years is approximately 0.8% per year.

Lennar has undergone multiple stock splits:

The combined multiplier from these splits is 12.204 over a 36-year period, resulting in a stock split CAGR of 7.19% per year.

If you had invested $10,000 in Lennar on August 15, 2014, it would have grown to $49,759 by August 2024, without dividends being reinvested. This results in a ten-year CAGR of 17.40% per year.

Adding the stock price CAGR (16.99%), dividend yield (0.8%), and stock split CAGR (7.19%) gives a rough estimate of a combined CAGR of 24.98% per year. However, it's important to note that this method of adding percentages is not mathematically accurate (like adding 3 apples and 4 oranges to say it equals 7). Nevertheless, this provides a general idea of the investment’s performance.

LeMaitre Vascular is an American medical device company, founded in 1986 by vascular surgeon George D. LeMaitre, and is based in Burlington, Massachusetts. The company specializes in providing devices, implants, and human tissue cryopreservation services used by surgeons in the treatment of vascular conditions, especially peripheral vascular disease. As of 2022, LeMaitre Vascular sells directly to hospitals in 25 countries and operates through distributors in 70+ countries across North America, Europe, and Asia-Pacific.

The founder, Dr. George LeMaitre, was a practicing vascular surgeon who developed the company’s first product, a valvulotome, after treating a colleague and realizing the need for a more effective device to reroute blood flow in veins. His innovation reduced tissue trauma and allowed for smaller incisions during surgeries, improving patient outcomes.

LeMaitre Vascular provides a range of disposable and implantable medical devices for treating peripheral vascular diseases. Its product portfolio includes:

The company serves hospitals through its direct sales force in North America, Europe, and Asia-Pacific, while also using distributors in other regions.

The average dividend yield for the last 11 years is approximately 1.2% per year.

There have been no stock splits for LeMaitre Vascular.

If you had invested $10,000 in LeMaitre Vascular on August 20, 2015, it would have grown to $128,000 by August 2024, resulting in a ten-year CAGR of 20.03% per year, excluding dividend reinvestment.

Adding the stock price CAGR (18.35%) and the dividend yield (1.2%) gives an estimated total CAGR of 19.55% per year. However, it is important to note that this method of adding percentages is not mathematically accurate (similar to adding 3 apples and 4 oranges and claiming it equals 7), but it provides a general idea of the investment’s performance.

Logitech International S.A. is one of the world's leading manufacturers of input and interface devices for personal computers (PCs) and other digital products. Known primarily for its mice, Logitech has expanded its product range to include:

Founded in Switzerland, Logitech has its main research and development hubs in Fremont, California (providing access to Silicon Valley talent), Switzerland, Taiwan, and Canada. The company distributes products to more than 100 countries worldwide, with major revenue generation from Europe (47%), North America (37%), and the Asia-Pacific region (16%).

Logitech's operations cover a variety of interface devices for PCs and digital products, with over 500 million mice shipped globally. Retail market sales account for 80% of its revenues.

The average dividend yield for the last seven years is approximately 1.5% per year.

The company has had three stock splits, with cumulative multipliers:

Cumulative multiplier: x8

Stock Split CAGR: 8.00% per year

If you had invested $10,000 in Logitech on September 2, 2014, it would have grown to $71,290 by August 2024, resulting in a CAGR of 21.70% per year, excluding dividend reinvestment.

Adding the stock price CAGR (16.10%), dividend yield (1.5%), and stock split CAGR (8.00%) gives an estimated total CAGR of 25.60% per year. However, it is important to note that this method of adding percentages is not mathematically accurate (similar to adding 3 apples and 4 oranges and claiming it equals 7), but it provides a general idea of the investment’s performance.

Lattice Semiconductor Corporation is an American semiconductor company specializing in low-power field-programmable gate arrays (FPGAs). Founded in 1983, Lattice is headquartered in the Silicon Forest area of Penang and Singapore and operates globally. The company focuses on small, efficient FPGAs used in communication, computing, industrial, automotive, and consumer electronics sectors. In 2017, a proposed purchase of Lattice by Canyon Bridge was blocked by the U.S. government on national security grounds (Ref: Wikipedia).

Investing $10,000 in 2014 would have yielded $20,210 by 2024, a CAGR of 20.21% over ten years (Ref: splithistory.com).

Landstar System, Inc. is a transportation services company specializing in third-party logistics. With a network of over 11,000 independent owner-operators known as Business Capacity Owners (BCOs), Landstar provides services mainly across the U.S. and internationally in Canada and Mexico. The company offers flexible transportation options without forcing dispatches, allowing operators to choose their own loads (Ref: Wikipedia).

Total CAGR approximately 25.25% per year. Note: This method of adding percentages may not be mathematically accurate but provides a general idea.

Monster Beverage Corporation, originally founded as Hansen's in 1935, is known for manufacturing energy drinks, including Monster Energy, Relentless, Reign, and Burn. As of 2020, Monster held 39% of the $86 billion global energy drink market, second only to Red Bull. The company rebranded as Monster Beverage in 2012 to better align with its focus on energy drinks (Ref: Wikipedia).

Investing $10,000 in 2014 would have yielded $32,530 in 2024, a CAGR of 12.51% over ten years.

Monolithic Power Systems designs and markets power solutions and products for industries including communications, consumer electronics, and automotive. The company is headquartered in Kirkland, Washington, and operates globally through distributors and resellers (Ref: Wikipedia).

Investing $10,000 in 2014 would have yielded $185,418 by 2024, translating to a CAGR of 34.86%.

Marten Transport, Ltd. is a temperature-sensitive truckload carrier providing transportation services across the United States, Mexico, and Canada. The company operates in four segments: Truckload, Dedicated, Intermodal, and Brokerage. Its services include temperature-controlled transportation of food, consumer packaged goods, and dry freight. Marten operates a significant fleet, including company-owned tractors and those supplied by independent contractors (Ref: Yahoo Finance).

Investing $10,000 in 2014 would have yielded $27,904 in 2024, equating to a CAGR of 10.80%.

Total estimated CAGR is 22.36%, noting that this combined percentage is not mathematically accurate but provides a general idea of performance.

MGIC Investment Corporation is a provider of private mortgage insurance in the United States, helping lenders with underwriting and other services related to home mortgage lending. Headquartered in Milwaukee, Wisconsin, MGIC serves clients in the U.S., Puerto Rico, and Guam (Ref: Wikipedia).

Investing $10,000 in 2014 would have yielded $32,118 in 2024, with an adjusted CAGR of 9.46% accounting for inflation (Ref: stocksplit.com).

Estimated at 5.49% per year, adjusted for inflation.

Noble Corporation Plc is an offshore drilling company providing contract drilling services globally. The company operates a fleet of drill ships, semi-submersibles, and jack-up rigs focused on ultra-deepwater opportunities worldwide. Noble has conducted operations in diverse regions, including the Gulf of Mexico, the Middle East, and the North Sea (Ref: GlobalData).

Estimated total CAGR is 8.51%, which is closer to the inflation-adjusted rate than previous calculations.

National Healthcare Corporation operates skilled nursing facilities, assisted living communities, behavioral health hospitals, and homecare and hospice agencies. It provides a wide range of services including Alzheimer’s care, rehabilitation, pharmacy services, and management to third-party post-acute operators (Ref: Company Website).

Combined total is approximately 9.37%, adjusted for inflation.

Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is a fabless company that designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as system on a chip units (SoCs) for mobile computing and the automotive market. Nvidia is a leading supplier of artificial intelligence (AI) hardware and software.

Nvidia's professional line of GPUs is utilized for edge-to-cloud computing, supercomputers, and workstations across various sectors such as architecture, engineering, media, automotive, scientific research, and manufacturing. Its GeForce line of GPUs caters to the consumer market, being popular for video editing, 3D rendering, and PC gaming. With a market share of 80.2% in the second quarter of 2023, Nvidia leads the discrete desktop GPU market by a significant margin. The company has expanded into the gaming sector with products like the Shield Portable (handheld console), Shield Tablet, and GeForce Now cloud gaming service.

In addition to GPU design, Nvidia provides the CUDA software platform and API, enabling the creation of parallel programs that leverage GPUs, used in supercomputing sites globally. The company ventured into mobile computing in the late 2000s, producing Tegra mobile processors for smartphones, tablets, and vehicle systems. Competitors include AMD, Intel, Qualcomm, and AI accelerator firms like Cerebras and Graphcore. Nvidia also develops AI-powered software for audio and video processing, such as Nvidia Maxine.

In 2023, Nvidia became the seventh public U.S. company valued at over $1 trillion, significantly increasing its valuation due to its leadership in AI-capable data center chips amidst the AI boom. In June 2024, it briefly surpassed Microsoft as the world's most valuable publicly traded company, with a market capitalization exceeding $3.3 trillion.

Ref: Wikipedia

CAGR for this 25-year period is 37.57% per year. Adjusting for inflation, what you could purchase for $1 in 1999 costs approximately $1.89 in 2024. This implies an average inflation rate of 2.57% per year, leading to an effective CAGR of 37.57% - 2.57% = 35% per year.

Dividend: The average dividend is less than 0.1%, thus considered negligible.

Ref: Yahoo Finance

Cumulative multiples: \(2 \times 2 \times 2 \times 1.5 \times 4 \times 10 = 480\). If you owned one share at Nvidia's IPO in January 1999, you would now hold 480 shares. Hence, the CAGR for this period is 28.01% per year, which, after subtracting inflation, results in an adjusted CAGR of 25.46% per year.

The total CAGR comes to 35.00% + 25.46% = 60.46% per year for the 25-year period, inflation-adjusted. This CAGR reflects a more accurate representation of the investment performance considering inflation.

Gold CAGR

Reference: India Gold Prices

NAPCO Security Technologies, Inc. (NAPCO) is a manufacturer of security products, which include electronic locking devices, intrusion and fire alarms, and building access control systems. These products are used for commercial, residential, institutional, industrial, and governmental applications, and are sold worldwide principally to independent distributors, dealers, and installers of security equipment.

Ref

Since 1969, NAPCO has enjoyed a heritage and proven record in the professional security community for reliably delivering both advanced technology and high-quality security solutions, building many of the industry’s best-known brands, such as NAPCO Security Systems, Alarm Lock, Continental Access, and now including Marks USA. Their most popular product lines include Gemini and new F64-Series hardwire/wireless intrusion systems, iSee Video internet video solutions, Trilogy standalone electronic PIN/Prox access locks, Card Access enterprise-class integrated access & security systems, and Marks USA’s i-Que lock and Hi-Security cylinder lines. Today, millions of businesses, institutions, homes, and people around the globe are protected by products from the NAPCO Group of Companies.

Ref

Dividend: Average rough dividend per year for the 40-year period is 0.01% per year.

Ref

Cumulative multiple: 2 x 1.5 x 1.5 x 1.2 x 2 x 1.5 x 1.5 x 1.5 = 36.45

Here, CAGR for 42 years works out to 47.08% per year.

9.63% + 36.45% + 0.01% = 47.08% per year.

This total CAGR largely accounts for inflation and covers a period of about 40 years. However, it's important to note that this method of adding percentages is not mathematically accurate (like adding 3 apples and 4 oranges to say it equals 7). Nevertheless, this provides a general idea of the investment's performance.

Gold CAGR

Reference: India Gold Prices

Universal Display Corporation engages in the research, development, and commercialization of organic light-emitting diode (OLED) technologies and materials for display and solid-state lighting applications worldwide. The company offers PHOLED technologies and materials for both display and lighting products. It is involved in various OLED-related research, including FOLED, which focuses on flexible OLEDs for production on flexible substrates, and OVJP, an organic vapor jet printing technology. Additionally, Universal Display provides technology development and support services, third-party collaboration, and contract research services in chemical synthesis for non-OLED applications. Founded in 1985, the company is headquartered in Ewing, New Jersey.

Ref: Yahoo Finance

The CAGR over this 28-year period is 14.4% per year. Considering inflation, where $1 in 1996 equates to $2.52 today, the reverse CAGR adjusts to 3.7% per year, which aligns with average U.S. inflation during this time. Therefore, the inflation-adjusted CAGR is 14.4% - 3.7% = 10.34% per year.

Universal Display has paid an average dividend of roughly 0.5% per year over the last five years, resulting in an overall average of 0.1% per year for the entire 28-year period.

There is no stock split history.

The total inflation-adjusted CAGR for 28 years is 10.34% + 0.1% = 10.44% per year.

Gold CAGR

Reference: India Gold Prices

This comparison shows the inflation trends in the Indian market versus the U.S. economy, noting that gold prices reflect actual values and not inflation adjustments.

Paylocity Holding Corporation is a leading provider of cloud-based payroll and human capital management (HCM) software solutions headquartered in Schaumburg, IL. Founded in 1997, Paylocity has consistently been recognized for its innovation and growth since becoming publicly traded in 2014. The company currently serves approximately 3,900 clients and has partnered with about 5,500 brokers and financial advisors.