Company Profile

DCC is a distribution and support services company operating across three divisions: Energy; Technology; and Healthcare. Its strategy going forward is to focus on the unique growth opportunities in the Energy division as it supports its large client base to navigate the energy transition. The group's objective is to build a high growth and high returns business with strong cash generation and an investment grade credit rating. DCC consistently generates a ROCE that is far ahead of its weighted average cost of capital. Management has an excellent track record in delivering earnings growth through economic cycles. The stock has been one of the best performing earnings compounders in the UK market over the long term.