DuPont View 👀

The DuPont curve is mixed:
#TeamViewer, #SageGroup, #DassaultSystemes and #Temenos improve ROIC, while #Vitec declines as goodwill rises from acquisitions.

Note: High goodwill can mask underlying efficiency!

(3/5)

Company Breakdown 🧩

The results are clear:
🔴 No company in the sample grows fast enough to offset its P/E.
🟡 #SAP - elevated P/E, negative earnings growth.
🟡 #SageGroup, #TeamViewer - modest growth, but valuations remain demanding.

PEG isn’t harsh here and growth hasn’t kept up!

(2/5)

2020–2024 outcomes:

🟢 #Softcat — margins doubled despite falling revenue; pure cost discipline.
🟢 #Vitec — steady revenue growth and expanding margins.
🔴 #SAP — eroding margins, yet share price still rides #Nasdaq ’s wave.
🟡 #SageGroup — profits under siege; moats shrinking fast.

(2/5)