Summary: ON SALE
Score: 15/20
MOS: 69%
Share Price: $99
Sticker Price: $328
Is Aspen Technologies a good buy?
Located on the Tykr TOP 50 ON SALE, Aspen Technologies is a relatively boring business. They streamline processes within the oil, gas, chemical, and pharmaceutical industries. In other words, they reduce emissions and waste that is produced as a byproduct of these industries.
They have a strong environmental and social mission. Being “green” is a trend many companies are trying to jump on. Aspen is at the front of that trend by creating technology that helps other companies become more green.
Aspen Technologies offers multiple enterprise SaaS products. As I’ve mentioned in the past, enterprise SaaS is typically very sticky. A customer (large corporation) doesn’t use Aspen for a few weeks or a few months. Customers sign contracts that expand many years. Those contracts are typically in the hundreds of thousands or millions of dollars per year. Overall, enterprise software companies are usually solid investments, especially if Tykr classifies them as ON SALE.
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