Author Topic: ROP - Roper Technologies  (Read 15026 times)

chrispy

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Re: ROP - Roper Technologies
« Reply #30 on: February 08, 2019, 02:57:40 AM »
Thanks for all of the details! This is one I'll be keeping an eye on and investigating further


Liberty

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Re: ROP - Roper Technologies
« Reply #31 on: March 04, 2019, 06:15:45 AM »
Restructured segments:

http://www.ropertech.com/sites/default/files/190304_New%20Segments%20Press%20Release%20-%20FINAL.pdf

Quote
Application Software - Aderant, CBORD, CliniSys, Data Innovations, Deltek, Horizon, IntelliTrans, PowerPlan, Strata, Sunquest
Network Software & Systems - ConstructConnect, DAT, Inovonics, iTradeNetwork, Link Logistics, MHA, RF IDeas, SHP, SoftWriters, TransCore
Measurement & Analytical Solutions - Alpha, CIVCO Medical Solutions, CIVCO Radiotherapy, Dynisco, FMI, Gatan, Hansen, Hardy, IPA, Logitech, Neptune, Northern Digital, Struers, Technolog, Uson, Verathon
Process Technologies - AMOT, CCC, Cornell, FTI, Metrix, PAC, Roper Pump, Viatran, Zetec
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Liberty

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Re: ROP - Roper Technologies
« Reply #32 on: March 18, 2019, 01:53:53 PM »
New acquisition:

http://www.ropertech.com/sites/default/files/190318_Foundry%20Announcement_Final.pdf

Buying Foundry for 410 million (all-cash), "Foundry is a leading provider of software technologies used to deliver award-winning visual effects and 3D content for the digital design, visualization, entertainment industries." (that's a new niche for them)

https://www.foundry.com

By my math they paid 7.13x revenue for it.

"Clients and partners include major feature film studios and post-production houses such as Pixar, ILM, MPC, Walt Disney Animation, Weta Digital, DNEG, and Framestore as well as automotive, footwear, apparel, and technology companies such as Mercedes, New Balance, Adidas, and Google."
« Last Edit: March 18, 2019, 01:58:11 PM by Liberty »
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khturbo

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Re: ROP - Roper Technologies
« Reply #33 on: March 19, 2019, 09:06:56 AM »
This must be a high growth / high margin business if they paid 7x sales for it. It will be interesting to see what types of companies they buy going forward to try to hit that kind of mid-teens IRR on their deals.

Spekulatius

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Re: ROP - Roper Technologies
« Reply #34 on: March 19, 2019, 09:48:23 AM »
ROP looks like one if the nifty fifties of our generation.
To be a realist, one has to believe in miracles.

Liberty

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peterHK

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Re: ROP - Roper Technologies
« Reply #36 on: June 10, 2019, 07:42:48 AM »
ROP looks like one if the nifty fifties of our generation.

Trades at a 3.6% FCF yield with a proven track record of growing that 10-15% per year through smart capital allocation. Doesn't seem that unreasonable to me.

Liberty

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Re: ROP - Roper Technologies
« Reply #37 on: August 08, 2019, 05:46:47 AM »
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chesko182

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Re: ROP - Roper Technologies
« Reply #38 on: August 08, 2019, 06:16:29 AM »
Pretty sizable, second biggest one (after Deltek for 2.8b) and entering a new vertical, they don't have any exposure to Life insurance SaaS
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scorpioncapital

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Re: ROP - Roper Technologies
« Reply #39 on: August 08, 2019, 07:07:35 AM »
I don't see a bright future for software. I mean just plain 'software' or even industry specific software unless it's some earth shattering can't live without only one global product type situation. Software is quickly becoming as commoditized as any other industry like manufacturing or agriculture. We need it but it doesn't mean profits to shareholders. Now, there are regions of the world where software is still a status symbol. I know in EE and India it's like a status symbol to be in IT. It means higher salaries and a good life. But I feel it will be eroded, already I see some signs of this.