TakeoverPE & activists

PTCPTC INC.

Services-Prepackaged Software · $21.6B market cap · 7,000 employees

0.8×

Less likely than average to be taken private

Top 24% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

2of 15 firedHow well they predict deals →
13 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    118% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    8% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    35% of cash flow
    Buybacks + dividends over cash flow
  • Shareholder dissentNo
    92% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    $391K · 40th pct
    Bottom quartile of its SIC industry
  • Quiet on AINo
    3.5 per 10K words · 74th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    1.0× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $21.6B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    —
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    —
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months

Deal filings

FiledFormAcquirerPricePremium
Oct 5, 20268-KSchneider Electric SE——

Key numbers

Revenue
$2.7BFY2021: $1.8BFY2022: $1.9BFY2023: $2.1BFY2024: $2.3BFY2025: $2.7B
19% YoY
Operating margin
35.9%FY2021: 21.1%FY2022: 23.1%FY2023: 21.9%FY2024: 25.6%FY2025: 35.9%
40% YoY
EBITDA
$1.1BFY2021: $466MFY2022: $535MFY2023: $563MFY2024: $696MFY2025: $1.1B
56% YoY
Net debt / EBITDA
1.0×
$1.1B net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$1.8B$1.9B$2.1B$2.3B$2.7B 19% FY2021: $1.8BFY2022: $1.9BFY2023: $2.1BFY2024: $2.3BFY2025: $2.7B
Operating income$381M$447M$458M$588M$982M 67% FY2021: $381MFY2022: $447MFY2023: $458MFY2024: $588MFY2025: $982M
Net income$477M$313M$246M$376M$734M 95% FY2021: $477MFY2022: $313MFY2023: $246MFY2024: $376MFY2025: $734M
Operating cash flow$369M$435M$611M$750M$868M 16% FY2021: $369MFY2022: $435MFY2023: $611MFY2024: $750MFY2025: $868M
Capex$25M$19M$24M$14M$11M 23% FY2021: $25MFY2022: $19MFY2023: $24MFY2024: $14MFY2025: $11M
Stock-based comp$177M$175M$206M$223M$216M 3.2% FY2021: $177MFY2022: $175MFY2023: $206MFY2024: $223MFY2025: $216M
Buybacks$30M$125M$0$0$300MFY2021: $30MFY2022: $125MFY2023: $0FY2024: $0FY2025: $300M

13D filers

FiledFilerFormStakeIntent
Aug 1, 2023ROCKWELL AUTOMATION, INCSC 13D/A5.0%Passive
Jun 20, 2023ROCKWELL AUTOMATION, INCSC 13D/A5.1%Passive
May 18, 2023ROCKWELL AUTOMATION, INCSC 13D/A5.4%Passive
Feb 14, 2023ROCKWELL AUTOMATION, INCSC 13D/A6.5%Passive
Jun 1, 2022ROCKWELL AUTOMATION, INCSC 13D/A9.0%Passive
Nov 8, 2021ROCKWELL AUTOMATION, INCSC 13D/A9.0%Passive
May 13, 2021ROCKWELL AUTOMATION, INCSC 13D/A9.1%Passive

Insider trading

−$12Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $12M · 17 trades

Pay vs performance

No pay-versus-performance disclosure yet.