Acquisition StrategyRoper has $5 billion in capital to deploy in an attractive M&A environment, with software valuations at a low point, presenting an opportunity for growth.
Organic GrowthRoper's organic growth has dramatically improved, exiting FY24 at ~6% organic growth vs. 3% in 2019 and -1% in 2016, driven by management’s operational focus as well as portfolio 'pruning'.
ValuationCurrent valuation is attractive at 19x CY26 EV/EBITDA, which is about a 15% discount compared to serial acquirer peers.