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Roper Technologies Inc ROP

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Stock XNAS Rating as of
$548.53 +7.64 (1.41%)
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As of Delayed Price Closed
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Company Report

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Roper Earnings: Healthy Enterprise Software Demand and Improving M&A Pipeline

Emma Williams

Wide-moat Roper Technologies posted reasonable second-quarter results that track our full-year expectations. The diversified technology firm and cash compounder reported mixed organic growth across a portfolio of software and legacy industrial offerings, alongside contribution from recently acquired firms ProCare and Syntellis. Following the result, which marginally missed consensus revenue estimates, Roper shares corrected about 8% toward our unchanged $480 fair value estimate, but they continue to screen as overvalued on a risk-adjusted basis.

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Price vs Fair Value

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ROP is trading at a 825% premium.
Price
$548.83
Fair Value
$549.00
Uncertainty
Medium
1-Star Price
$593.00
5-Star Price
$572.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

We expect Roper to continue execute on the firm’s highly successful playbook of using excess cash to acquire cash rich businesses at reasonable valuations.

Bears

Roper’s acquisition heavy model presents significant execution risk, and the firm may struggle to find attractive acquisition targets.

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News

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Trading Information

Previous Close Price
$540.89
Day Range
$542.27–553.55
52-Week Range
$474.46–579.10
Bid/Ask
$541.00 / $570.65
Market Cap
$58.72 Bil
Volume/Avg
777,957 / 557,548

Key Statistics

Price/Earnings (Normalized)
31.87
Price/Sales
8.99
Dividend Yield (Trailing)
0.53%
Dividend Yield (Forward)
0.55%
Total Yield
0.53%

Company Profile

Roper Technologies is a diversified technology company that operates three segments: application software, network software, and technology enabled products. Roper acquires asset light, cash generative businesses and deploys excess cash to acquire further portfolio companies. The firm operates a highly decentralized model with portfolio company management holding autonomy and accountability for key operational decisions, and a small, centralized team overseeing capital deployment and providing executive coaching and reviewing strategic goals.
Sector
Technology
Industry
Software - Application
Stock Style Box
Large Growth
Total Number of Employees
16,800
Website
https://www.ropertech.com

Competitors

Valuation

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Metric
ROP
FTV
BRK.B
Price/Earnings (Normalized)
 31.8719.7723.44
Price/Book Value
 3.242.371.65
Price/Sales
 8.994.102.32
Price/Cash Flow
 28.5317.2425.59
Price/Earnings
ROP
FTV
BRK.B

Financial Strength

Metric
ROP
FTV
BRK.B
Quick Ratio
 0.380.77—
Current Ratio
 0.491.23—
Interest Coverage
 11.348.0718.86
Quick Ratio
ROP
FTV
BRK.B

Profitability

Metric
ROP
FTV
BRK.B
Return on Assets (Normalized)
 5.56%7.67%3.90%
Return on Equity (Normalized)
 9.17%12.41%7.49%
Return on Invested Capital (Normalized)
 7.14%10.20%6.61%
Return on Assets
ROP
FTV
BRK.B
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