Added to YB: 2025-10-16
Pitch date: 2025-10-16
RWWI [bullish]
Rand Worldwide, Inc.
+9.8%
current return
Author Info
Company Info
Rand Worldwide, Inc. provides design automation and data management solutions primarily in the United States and Canada.
Market Cap
$544.0M
Pitch Price
$14.74
Price Target
N/A
Dividend
3.09%
EV/EBITDA
N/A
P/E
179.84
EV/Sales
N/A
Sector
Software
Category
value
Rand(e)zvous with Autodesk
RWWI (new position): Largest Autodesk NA reseller at 7.8x EV/EBIT, 10.6x P/E; 24% EBIT CAGR past decade tracking Autodesk US 16% YoY growth; asset-light model returns 78% NI as dividends (93% past 5yr). Agency model shift eliminates low-value competitors, strengthens Platinum partners like RWWI. 3yr sub headwind ends spring 2026. Estimate 17.2% IRR at current multiple, 29% with rerating to 15x P/E. Kamin owns 56%, strong M&A track record. Risks: Autodesk internalization, take-private at low valuation, limited disclosure.
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