DCI Donaldson Company Inc.

Exchange

NYSE

Sector

Capital Goods

Industry

Pollution Control Equipment

Market Cap.

5.604B

Excellent Cash Return on Invested Capital over the past 5 years

DCI has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. Annual Reports can be useful in identifying the cause of one-time events and future sustainability.

DCI has created $15.83 of cash for every $100 invested.

Figures in USD. Fiscal year ends in July

	2007	2008	2009	2010	2011
Free Cash Flow	39.61M	101.38M	230.85M	159.86M	185.42M
divided by
Invested Capital	804.84M	948.56M	890.23M	878.25M	956.36M
Cash ROIC	4.92%	10.69%	25.93%	18.20%	19.39%

Excellent Return on Equity over the past 5 years

Over the past 5 years, DCI has generated strong profits with money shareholders have invested. This is considered one of the best indicators of quality management. Beware of extremely high Return on Equity (> 50%) as this is often unsustainable.

DCI has generated $22.58 of Earnings for every $100 of Shareholders' Equity.

Figures in USD. Fiscal year ends in July

	2007	2008	2009	2010	2011
Net Income	150.72M	171.95M	131.91M	166.16M	225.29M
divided by
Stockholders' Equity	624.70M	740.04M	688.62M	746.63M	934.71M
Return on Equity	24.13%	23.24%	19.16%	22.25%	24.10%

Excellent Business Performance over the past 10 years

DCI has been able to maintain profitability in good times and bad. This could mean DCI has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

DCI has created positive free cash flow for 9 or more of the past 10 years.

Figures in USD. Fiscal year ends in July

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Free Cash Flow	113.78M	98.97M	70.31M	87.61M	75.40M	39.61M	101.38M	230.85M	159.86M	185.42M