A little more detail on PowerPlan. While I wasn't sure before, it looks like end users tend to be accountants or more broadly the FP&A team within organizations.
FCF Multiple looks very rich...The company could be growing quickly, which would mean FCF should increase quickly, but there's not enough detail to know.
When you start making acquisitions at these prices, I wonder if a TDG-style special dividend begins to become more attractive?
PowerPlan, Inc. provides an integrated suite of asset-centric accounting, tax, budgeting, and analytics software
solutions for Fortune 500 companies in utilities, oil and gas, transportation, telecommunications, and mining
industries. It offers Charge Repository, which manages the interfaces between various sources of transactions,
including the general ledger, project accounting, and book depreciation; Budgeting and Project Management, an
integrated capital and O&M budgeting solution; Asset Accounting, an asset tracking and financial processing
solution; Property Tax, a property tax solution; Income Tax, a tax depreciation and deferred tax system; and
Lessee Accounting, a lifecycle accounting system for capital and operating leases. The company also provides
asset retirement obligation, depreciation studies, reimbursable and advances, and tax solutions. It also offers
integration design, training, and maintenance and support services. The company was formerly known as
Powerplan Consultants, Inc. PowerPlan, Inc. was founded in 1994 and is based in Atlanta, Georgia.
http://www.martinwolf.com/Websites/martinwolf/images/2.%20Tracker_2015/MW_Tracker_2015.2.16.pdf