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15 results for “scaling revenue”
ten years, fifteen years, that was a huge tailwind. I'm not a forecaster of interest rates, so I can't say whether that'll be a headwind or not, but I think that was a huge tailwind. Growth sits in between, and the original virtues were investing aft
15:42 / 16:47
from transcript15:42 – 16:47
...about zero revenue to almost a 100 Mhmm. This year. In the case of Altadomis, we took a business that was a 100% Europe, and it's now fifty fifty Mhmm. US Europe and a business that was 30% fund administration to be about 70% fund administration, whi
6:50 / 7:53
from transcript6:50 – 7:53
...fee revenue, and their management fee profits may have even grown at more than two x because of the operating leverage in the business. So naturally, the same would be true. The S and P goes up 50%, but that company has gone from 10,000,000,000 to 5,
24:46 / 26:12
from transcript24:46 – 26:12
...of revenue and often means better growth than we inherited. So, you know, in the last twelve months, I'll just give you some examples of businesses that we have either fully exited or or very significantly monetized. There are four of them that come
6:01 / 7:05
from transcript6:01 – 7:05
versus the 5% EBITDA had to grow at about a decade ago. Now that's a reflection of the cost of debt, the amount of debt you can put on a deal, the average multiple in entering a deal, the average multiple in exiting a deal that we see in today's envi
9:04 / 10:11
from transcript9:04 – 10:11
...revenue and one's margin expansion. The multiple is going to be what it's going to be over time. And most firms that I know don't model in big multiple expansion as a way to success because you just can't control that. If you look at some of the type
13:27 / 15:17
from transcript13:27 – 15:17
GDP growth that means EBITDA has gone up a little bit. And the more of those things kind of happen, the less the spread is an issue. We've also seen that deals that are faster growing companies where debt has been less of a percentage of the capital
8:12 / 9:26
from transcript8:12 – 9:26
...in revenues? And they make a 75% operating margin. I think they make a 75% net margin. It'll probably be around there. It could go up a little higher, but that's with their generous offering back. You're talking about a very profitable, rapidly growi
36:44 / 37:47
from transcript36:44 – 37:47
But they're also using their scale to procure inputs at a better cost. And the greater scale they have, the greater leverage they have to improve their cost. And then they're operating in these niche markets, especially as they acquire new businesses
30:02 / 31:09
from transcript30:02 – 31:09
growth is the biggest thing that drives returns over five to ten years. And so it's nice for me to see high growth is rewarded more than low growth. But if you have high growth and high margin, you're one of those great businesses, it's being very re
27:44 / 28:46
from transcript27:44 – 28:46
Now I'd like to take a look at some of the trends that we're noticing that we think they're gonna be very relevant for the next five plus years of investing and why investors need to really clarify what they're going for and develop a specific strate
10:22 / 11:34
from transcript10:22 – 11:34
...pressure on revenue. Revenue is measured by fee bearing AUM.
10:33 / 11:34
from transcript10:33 – 11:34
...revenue growth, significant free cash flow, and then strong and improving returns on capital. Acquisitions are this really key component because they acquire a business. About half the time, that acquisition is coming from the business unit level. So
33:44 / 34:52
from transcript33:44 – 34:52
...get revenue growth margin expansion and multiple expansion on the back end of the deal. The problem is when everybody figures that out and everybody starts looking for carve outs, then the prices go up. And a lot of that, you have to pay for before y
49:17 / 50:48
from transcript49:17 – 50:48
...revenue growth rate, and I have margin expansion that most GPs underwrite. That has contributed roughly zero to value in the buyout markets over the last ten to fifteen years. We've had wonderful conditions that have allowed multiples to expand. For
6:02 / 7:12
from transcript6:02 – 7:12
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