Research & Consulting Services


I always look at economics of the business
A bird in the hand is worth 2 in the bush and the question is how sure are you there are 2 in the bush and how long you have to wait to get them out
1. How many birds are in the bush?
2. When you gonna get them out?
3. How sure are you?
If interest rates are 15% roughly you've got 2 birds out of bush in 5 years equal to bird in the hand but if interest rates are 3% and you can get 2 birds out in 20 years it still makes sense to give up the bird in the hand because it's all gets back to discounting an interest rate. Often you don't know not only how many birds in the bush but in the case of internet companies there were not any birds in the bush but they still take the bird that you give them from the hand
Loop through all the subindustries and try to understand how many birds are in the bush from the perspective of economics of the business

Revenue

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP grow per year to compare with Revenue Change
1. RELX PLC RELX6197559541,0991,1634336721,3063773445266289129667715,9716,8957,3557,4927,874
2. Nielsen Holdings plc NLSN4,2954,4834,8905,1184,0944,1744,7075,0124,8085,1265,5315,6125,7036,2886,1726,3096,5726,5156,498
3. Thomson Reuters Corporation TRI6,5147,2377,7567,6068,0988,7036,6417,29611,70712,99713,07013,80713,27812,70212,60711,25711,1665,2975,5015,906
4. Wolters Kluwer N.V WTKWY3,4403,4154,0844,3284,4153,9954,8744,9844,6964,9094,7184,3514,7514,9124,4294,5704,2974,4224,2604,612
5. IHS Markit Ltd INFO3944765516888449671,0751,3261,5301,8412,2312,1841,1132,7353,6004,0094,415
6. Stantec Inc STN1782242723023734506078349291,1821,2301,3522,7611,5692,4991,7252,2731,7862,3743,0983,1743,3553,711
7. Equifax Inc EFX1,9661,1391,1091,2251,2731,4431,5461,8431,9361,8251,8601,9602,1612,3042,4362,6643,1453,3623,4123,508
8. TransUnion TRU1,1831,3051,5071,7051,9342,3172,656
9. Verisk Analytics, Inc VRSK8028941,0271,1381,3321,5341,5961,7472,0681,9952,1452,3952,607
10. FTI Consulting, Inc FCN1351662243764275177081,0011,2931,4001,4011,5671,5771,6521,7561,7791,8101,8082,0282,353
11. Dun & Bradstreet Holdings, Inc DNB1,4181,3051,2761,3861,4141,4441,5311,5991,7261,6871,6771,7591,6631,6551,6821,6001,7001,7421,7161,593
12. ICF International, Inc ICFI1391773317276976747658419379491,0501,1321,1851,2291,3381,479
13. CoStar Group, Inc CSGP597379951121341591932122102262523504415767128389651,1921,400
14. Clarivate Plc CCC555535514918968974
15. Huron Consulting Group Inc HURN38110174226322548672680605658682788889769798808878965
16. CBIZ, Inc CBZ568527504513520559601644704740733734766750719750800855922948
17. Mistras Group, Inc MG152209272339437529623711719404701742749
18. Forrester Research, Inc FORR15715997126138153181212241233251284293298312314326337358462
19. IBI Group Inc IBIBF84130181204260291326340271257327354361455460
20. CRA International, Inc CRAI83110131163217295350395377302287305270278306304325370418451
21. Willdan Group, Inc WLDN6778797362781079386108135209273272443
22. Exponent, Inc EXPO102105126140152155169205229228249272293296305313315348380417
23. Franklin Covey Co FC585525333307275284279284260130137161170191205210200185210225198
24. RCM Technologies, Inc RCMT296225187207169181202214209189162144146171194186176187200191
25. Spectrum Global Solutions, Inc SGSI00.280.20.071.0710.073534
26. Red Violet, Inc RDVT44.598.5816.330
27. UrtheCast Corp LFDEF03.39371114015.6318.28
28. Acacia Research Corporation ACTG0.06250.040.694.2819.57355348671321722511311311251536513211.25
29. Hill International, Inc HIL841121972903804224525024815776407205164884.322.6
30. Marathon Patent Group, Inc MARA003.422118.98370.521.561.19
31. Wall Street Media Co., Inc WSCO0.070.060.070.050.040.070.060.090.08
32. AmeriCann, Inc ACAN00.030.140.060.0400.01
33. MCTC Holdings, Inc MCTC00000000.03
34. Lightbridge Corporation LTBR02210.527.596.363.681.91.310.910.760.1800
35. GreenPlex Services, Inc GRPX0.050.050.050.04
36. Public Company Management Corp PCMC1.421.810.890.84
37. Pineapple, Inc PNPL000000
38. One Step Vending Corp KOSK00.030.020.2700.35
39. Innovaro, Inc INNI3.353.797.11225619.7219.7810.7813.10.440.53
40. Earth Search Sciences, Inc ESSE2.685.040.790.520.420.40.0900000000
41. Pendrell Corporation PCOA00000002.643413.1343445943
42. 1PM Industries, Inc OPMZ0.63.811.72000000000
43. PTS Inc PTSH00000.050.130.781.451.421.445.10000


Revenue Growth

200020012002200320042005200620072008200920102011201220132014201520162017201820192020
Display GDP growth per year to compare with Revenue Change
1. RELX PLC RELX1.221.221.261.151.060.371.551.940.290.911.531.191.451.060.87.741.151.071.021.05
2. Nielsen Holdings plc NLSN1.041.041.091.050.81.021.131.060.961.071.081.011.021.10.981.021.040.991
3. Thomson Reuters Corporation TRI1.111.111.070.981.061.070.761.11.61.111.011.060.960.960.990.890.990.471.041.07
4. Wolters Kluwer N.V WTKWY0.990.991.21.061.020.911.221.020.941.050.960.921.091.030.91.030.941.030.961.08
5. IHS Markit Ltd INFO1.211.211.161.251.231.151.111.231.151.21.210.980.512.461.321.111.1
6. Stantec Inc STN1.261.261.221.111.241.21.351.371.111.271.041.12.040.571.590.691.320.791.331.311.021.061.11
7. Equifax Inc EFX0.580.580.971.11.041.131.071.191.050.941.021.051.11.071.061.091.181.071.011.03
8. TransUnion TRU1.11.11.151.131.131.21.15
9. Verisk Analytics, Inc VRSK1.111.111.151.111.171.151.041.091.180.961.081.121.09
10. FTI Consulting, Inc FCN1.231.231.351.681.141.211.371.411.291.0811.121.011.051.061.011.0211.121.16
11. Dun & Bradstreet Holdings, Inc DNB0.920.920.981.091.021.021.061.041.080.980.991.050.9511.020.951.061.020.990.93
12. ICF International, Inc ICFI1.271.271.872.190.960.971.131.11.111.011.111.081.051.041.091.11
13. CoStar Group, Inc CSGP1.241.241.091.21.181.21.181.211.10.991.081.111.391.261.311.241.181.151.231.17
14. Clarivate Plc CCC0.960.960.961.781.061.01
15. Huron Consulting Group Inc HURN2.92.91.581.31.421.71.231.010.891.091.041.161.130.861.041.011.091.1
16. CBIZ, Inc CBZ0.930.930.961.021.011.081.071.071.091.050.9911.040.980.961.041.071.071.081.03
17. Mistras Group, Inc MG1.371.371.31.241.291.211.181.141.010.561.731.061.01
18. Forrester Research, Inc FORR1.011.010.611.31.11.111.181.171.140.971.071.131.031.021.051.011.041.031.061.29
19. IBI Group Inc IBIBF1.551.551.391.131.281.121.121.040.80.951.271.081.021.261.01
20. CRA International, Inc CRAI1.331.331.191.251.331.361.181.130.950.80.951.060.891.031.10.991.071.141.131.08
21. Willdan Group, Inc WLDN1.161.161.010.930.841.261.380.870.921.261.251.551.3111.63
22. Exponent, Inc EXPO1.031.031.211.111.081.021.091.221.1211.091.11.071.011.031.031.011.11.091.1
23. Franklin Covey Co FC0.90.90.630.920.91.030.981.020.920.51.051.171.061.121.071.020.950.931.131.070.88
24. RCM Technologies, Inc RCMT0.760.760.831.110.821.071.121.060.980.90.860.891.011.171.130.960.951.061.070.95
25. Spectrum Global Solutions, Inc SGSI91.6791.670.720.3515.229.413.430.98
26. Red Violet, Inc RDVT1.151.151.871.91.86
27. UrtheCast Corp LFDEFINFINF10.763.050.360.391.17
28. Acacia Research Corporation ACTG432.21432.21016.096.194.571.781.510.921.41.961.311.460.5210.961.220.432.010.09
29. Hill International, Inc HIL1.331.331.761.471.311.111.071.110.961.21.111.130.720.940.010.6
30. Marathon Patent Group, Inc MARANANNANINF6.260.891.930.013.010.76
31. Wall Street Media Co., Inc WSCO0.820.821.160.640.91.650.831.610.88
32. AmeriCann, Inc ACANINFINF4.670.430.670INF
33. MCTC Holdings, Inc MCTCNANNANNANNANNANNANNANINF
34. Lightbridge Corporation LTBRINFINF0.470.720.840.580.520.690.690.840.230NAN
35. GreenPlex Services, Inc GRPX1.131.130.880.81
36. Public Company Management Corp PCMC1.271.270.490.94
37. Pineapple, Inc PNPLNANNANNANNANNANNAN
38. One Step Vending Corp KOSKINFINF0.5116.160INF
39. Innovaro, Inc INNI1.131.131.883.142.520.3510.541.220.031.22
40. Earth Search Sciences, Inc ESSE1.881.880.160.660.810.960.230NANNANNANNANNANNANNAN
41. Pendrell Corporation PCOANANNANNANNANNANNANNANINF12.810.393.241.021.360.72
42. 1PM Industries, Inc OPMZ6.396.390.450NANNANNANNANNANNANNANNAN
43. PTS Inc PTSHNANNANNANNANINF2.675.971.860.981.013.550NANNANNAN