FactSet Research Systems : gestion de données financières et d'édition de logiciels

C’est une super boite, mais très chère, malgré la récente "correction" :

Encore une belle boite à rajouter à la liste des regrets.

Pour l’avoir déjà utilisé, le produit de FactSet est super intuitif, fluide et plaisant à faire tourner, quelle bêtise de ne pas avoir mis une bille dessus à l’époque…

Tous les indicateurs sont au vert, CA en croissance, gros niveaux de marges brutes et nettes à deux chiffres :



Source : ZoneBourse - FACTSET RESEARCH SYSTEMS INC. (FDS)

Intéressant de noter qu’avec une part de marché de 4.2% et un pricing moins cher que ses concurrents, FactSet arrive à générer une telle profitabilité.



Source : WallStreetPrep

Je note aussi les quelques infos suivantes, issues de la page wikipedia :

Wikipedia a écrit :

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Clients

As of August 31, 2020, there were over 131,000 users of FactSet. The number of clients subscribed to FactSet stands over 5,500. The annual client retention rate stands at over 95%.[29]

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2020, FactSet acquired Truvalue Labs, a pioneer in AI-driven environmental, social, and governance (ESG) data. Truvalue Labs applies AI-driven technology to over 100,000 unstructured text sources in 13 languages, including news, trade journals, and nongovernmental organizations and industry reports, to provide daily signals that identify positive and negative ESG behavior. Its coverage spans over 20,000 public and private companies and generates short-term, long-term, and momentum scores derived from hundreds of signals. These signals are mapped against the Sustainability Accounting Standards Board (SASB) standards and United Nations Sustainable Development Goals (SDGs), allowing investors to evaluate ESG risk factors and real-world actions and impacts for quantitative analysis and back-testing. The company also works with its well-established Academic Research Network, which helps academic researchers use its data to study ESG trends and market-related behavior.

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Investor concerns

The company receives data from providers such as Barra, Dow Jones, Russell, and Lipper.

Since contractual relationships with third-party vendors can be terminated with one year’s notice, the company tries to maintain relationships with at least two vendors for each type of data.[31] Since 2000, FactSet has made close to 15 acquisitions, seven of which have been content providers.[32]

Croissance, profitabilité, positionnement sur des trend en vogue, bonne gestion des risques, aucun endettement et même un versement de dividende…

Bref, on comprends vite pourquoi ce genre d’entreprise se paye 32x les bénéfices…