There’s not one metric that makes a company investable. Here are some of the quantitative and qualitative factors I consider when analysing a companyQuantitativeConsistently high return on capital Consistently high FCF growth rate Expanding profit margins (operating efficiency)Prudent and sustainable approach to SBC, buybacks and dividendsCapital and asset lightAffordable debtQualitativeRecurring revenuesAffordable product that customers are highly dependent on (ideally mission critical) and unlikely to be cut during a downturnSales not highly cyclical Product not overly reliant on raw materials and therefore profitability not tied to commodity cycles Barriers to entry and barriers to scale

When you buy and sell shares, you transact with market participants.The stock market consists of a range of:Type of investors -financial institutions(investing other people's money) down to retail investors (investing their own money).Risk appetites - reckless to prudent.Timespans-seconds/minutes (day traders) to decades (retirement planning) to centuries (family offices sovereign wealth funds).Skill, expertise and knowledge - PhDs,investors with 50+ years of experience and insiders all compete with the uneducated, young and uninformed

$Applied Materials(AMAT)$ is the world's largest manufacturer of semiconductor fabrication equipment. AMAT generates revenue through equipment sales (majority) and service contracts (~25% of revenue).While once dominated by conglomerates like $IBM(IBM)$ and $Intel(INTC)$ , the semiconductor industry now has distinct players in chip design, fabrication and equipment manufacturing. AMAT is crucial in semiconductor manufacturing, providing essential tools and services to industry leaders such as $Taiwan Semiconductor Manufacturing(TSM)$ , $Samsung Electronics Co., Ltd.(SSNGY)$ and I

$Fair Isaac(FICO)$ operates a consumer credit scoring system that's widely used in consumer loans and banking. They also have a software business that provides solutions for fraud detection, loan origination and customer relationship management. The company's revenue is typically split evenly between scores and software, though scores contribute 75% of operating income due to higher marginsFICO Scores:The industry-standard credit score, used in over 90% of U.S. lending decisionsGenerates high-margin revenue.Used in mortgages, auto loans, credit cards and loan securitisation.Scores are inexpensive (often under $1), but essential to financial institutions.Software Business:Provides analytics for fraud detection, credit origination, and customer mana

What are your thoughts on $PRO MEDICUS LTD(PME.AU)$ $Pro Medicus, Ltd.(PMCUF)$ ? Their recent share price growth has been magnificent.Here's a quick 1-pager:Busincss summatyPro Medicus is a healthcare software company specialising in medical imaging, They employ a AAS model that allows them to generate revenue from long-term contracts, predominantly on a transaction based licensing model, 'This allows clients to pay per usc, ensuring a steady revenue stream and long-term relationships.Busincgs segmentsTheir main products are Visage 7 Finterprise lmaging Platform and Visage RlS, both designed to improve workflow effcicncy and diagnostic accuracy in radiology.Pro Medicus operates across Australia, North

$WISETECH GLOBAL LTD(WTC.AU)$ $Wisetech Global(WIGBY)$ W'ise'Tech Global is an Australian-based company that sells software solutions for the logisties industry, aiming to become the operating system for global logistics.Their flagship product, CargoWise, is an integrated platform for freight forwarding, customs clearance, warehouse manapement ind transportaton solutions.The company has expanded through acquisitions, integrating new technologies and expertise to enhance its offerings.WWise'Tech sells to global freight forwarders, customs brokers, and logistics providers, ensuring efficient, operations across international supply chains.They operate a AAS business model, generating recurring revenue thr

$Cadence Design(CDNS)$ operates within the semiconductor industry, providing Electronic Design Automation(EDA) software essential for chip design. This software enables companies to create increasingly powerful and efficient chips, Alongside competitor $Synopsys(SNPS)$ , Cadence plays a critical role in the global semiconductor ecosystem. Founded in 1989 through the merger of ECAD and SDA, Cadence emerged during the industry's shift from vertical integration to specialisation, Originally, semiconductor companies developed their own design tools, but as chip complexity increased, firms began outsourcing EDA needs to specialised providers like Cadence. Over time, Cadence expanded its offerings from specific

$Applied Materials(AMAT)$ is the worid's largest manufacturer of semiconductor fabrication equipment. AMAT generates revenue through equipment sales (majority) and service contracts(~25% of revenue).While once dominated by conglomerates like $IBM(IBM)$ and $Intel(INTC)$ , the semiconductor industry now has distinct players in chip design, fabrication and equipment manufacturing. AMAT is crucial in semiconductor manufacturing, providing essential tools and services to industry leaders such as $Taiwan Semiconductor Manufacturing(TSM)$ , $Samsung Electronics Co., Ltd.(SSNGY)$ and in

$Fair Isaac(FICO)$ operates a consumer credit scoring system that's widely used in consumer loans andbanking. They also have a software business that provides solutions for fraud detection, loan originationand customer relationship management. The company's revenue is typically split evenly between scoresand software, though scores contribute 75% of operating income due to higher margins.FlCO Scores:The industry-standard credit score, used in over 90% of U.S. lending decisions.Generates high-margin revenue.Used in mortgages, auto loans, credit cards and loan securitisation.Scores are inexpensive (often under $1), but essential to financial institutions.Software Business:Provides analytics for fraud detection, credit origination, and customer manag

Corporate finance principles influence financial decision-making and determine a company's value, profitabilitand risk profile. Understanding corporate finance helps assess whether a company is a good investment. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $DJIA(.DJI)$ 1.Capital StructureA company finances itself through a mix of equity (shares) and debt (loans and bonds).Debt-to-equity ratio: High debt can mean high risk, but also potentially high returns.Cost of capital: Companies with lower borrowing costs are often more financially

$Fair Isaac(FICO)$ Business model: Fair lsaac, commonly known as FICO, specialises in providing credit scores. The FICO scoreis an industry benchmark for establishing creditworthiness and is a widely used by fnancial institutions. The offer a range of products and services to help businesses make data-driven decisions, manage risk, prevent fraud,and optimise operations.Diversification: Approximately 82% of their revenue comes from the Americas, 11% from EMEA and 7% from Asia Pacifc.Growth: FICO's drivers for growth over the next decade include increasing demand for analytics and expansioninto new markets. FICO is well positioned to utilise big data and Al to leverage its expertise in predictive modelling to meet growing demand. FICO traditionally