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Aspen Technology Inc AZPN

Morningstar Rating
$212.03 +4.16 (2.00%)
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Company Report

Switching Costs Make Aspen’s Moat Wide Across Niche Industries

AspenTech is an industry leader in asset optimization software, providing solutions that enable industrial users to design, operate, and maintain their manufacturing processes for maximum performance. In our view, AspenTech is well-positioned to capitalize on secular trends, acquisition opportunities, and its sticky existing customer base to pave a long runway for growth, as evidenced in our wide moat rating.

Price vs Fair Value

AZPN is trading at a 3% premium.
Price
$201.79
Fair Value
$418.00
Uncertainty
High
1-Star Price
$846.49
5-Star Price
$417.00
Economic Moat
Cmsy
Capital Allocation
Tgwsrsd

Bulls Say, Bears Say

Bulls

AspenTech is a longtime leader in the process control industry for continuous process-driven high-capital-intensity businesses, typically involving oil refining and chemical processing.

Bears

Approximately 90% of current revenue is derived from the oil and gas, energy, and chemical processing industries, which are volatile in nature.

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News

Trading Information

Previous Close Price
$207.87
Day Range
$208.70212.48
52-Week Range
$161.41247.84
Bid/Ask
$211.82 / $212.08
Market Cap
$13.47 Bil
Volume/Avg
60,379 / 208,798

Key Statistics

Price/Earnings (Normalized)
36.35
Price/Sales
12.66
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
2.02%

Company Profile

Aspen Technology is a global leader in asset optimization software, enabling customers within capital-intensive industries to design, operate and maintain their functions to meet their profitability, safety, and sustainability goals. The heritage business of AspenTech was founded in 1981 and provides software solutions purposed to optimize engineering, manufacturing, and supply chain and asset management functions. In 2021, Emerson Electric traded over $6 billion in cash and its Open Systems International (digital grid management) and subsurface science and engineering businesses for 55% of AspenTech’s shares. The new AspenTech is the combination of heritage Aspen, OSI, and SSE and serves more than 3,000 customers across 40 countries.
Sector
Technology
Industry
Software - Application
Stock Style Box
Mid Growth
Total Number of Employees
3,900

Competitors

Valuation

Metric
AZPN
SIE
HON
Price/Earnings (Normalized)
36.3514.6322.03
Price/Book Value
1.033.048.43
Price/Sales
12.661.823.74
Price/Cash Flow
37.6012.4227.53
Price/Earnings
AZPN
SIE
HON

Financial Strength

Metric
AZPN
SIE
HON
Quick Ratio
1.831.020.84
Current Ratio
1.911.321.27
Interest Coverage
7.369.94
Quick Ratio
AZPN
SIE
HON

Profitability

Metric
AZPN
SIE
HON
Return on Assets (Normalized)
2.55%5.14%9.49%
Return on Equity (Normalized)
2.84%16.08%34.73%
Return on Invested Capital (Normalized)
2.52%6.58%16.29%
Return on Assets
AZPN
SIE
HON
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