I also like that their Free cash flow is close to net profit and that they have a strong ROE (just under 50%). Add that to a net cash balance sheet and single digit PE and there’s not much not to like. It is just selling candles though…
This contrasts with ADH which has some of these characteristics but had a significant Free cash flow drop this year.
Disc - I own DSK personally not in SM. Have ADH in SM only.
PS is everyone else hating that this new(ish) lease standard now just makes it harder to calculate FCF - it was easier when an operating lease was just an expense…or is this just me?