Q: Hi,
Your views on the company. Does the company's business model is turning weak based on profitability and ROIC? Had the company lost its business mojo?
Thanks
Piyush
Your views on the company. Does the company's business model is turning weak based on profitability and ROIC? Had the company lost its business mojo?
Thanks
Piyush
5i Research Answer:
Shares of FSV are up 22% over the last year and revenues are expected to grow in the mid-single digits over the next two years, albeit lower than the 15% they have typically seen. However, the company has been good at finding growth through acquisitions over time and the macro backdrop isn't helping which is hard for any company to swim against. Both net margins and ROE are not far off levels they have been in the past.