RPM Global’s share price has risen rapidly over the past year and no doubt attracted its share of momentum investors, which fled recently when the company announced a tiny profit downgrade for 2024. The company has since announced 2025 expectations showing every metric heading in the right direction.
Falls like this are part and parcel of owning highly valued stocks, but with $160m in pre-contracted revenue – more than double the company’s current annual revenue and nearly four times its subscriptions revenue – profits should grow consistently with Global Framework Agreements recently signed with three of the world’s largest mining companies making future sales easier and faster.
The company’s finances are in rude health and buying back shares at lower prices will add more value until a likely takeover that would be at least 50% above the current share price based on similar industry multiples. More if the company continues growing sales quickly, helped by recent software releases XECUTE and to a lesser extent ShiftManager.
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