Professional
Added to YB: 2024-05-10
Pitch date: 2024-03-31
EXPO [bullish]
Exponent, Inc.
-17.12%
current return
Author Info
No bio for this author
Company Info
Exponent, Inc., together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally.
Market Cap
$3.5B
Pitch Price
$80.31
Price Target
N/A
Dividend
1.73%
EV/EBITDA
23.43
P/E
34.72
EV/Sales
6.34
Sector
Professional Services
Category
growth
Baron Small Cap Fund New Portfolio Holding: Exponent, Inc.
EXPO: Leading engineering & scientific consulting firm. ~50% reactive work (recalls, spills), ~50% proactive (risk mgmt, product design). Competitive edge: Well-known brand, scale (1000+ staff, 90 disciplines), premium service. Expects high-single digit+ rev growth via headcount adds, strong utilization, price increases. Resilient to macro w/ secular safety, innovation, litigation trends. Premium pricing drives robust 28-33% EBITDA margins & FCF. Strong balance sheet. High-quality compounder.
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