Veeva's Economic Moats Switching Costs Imagine a pharma company trying to change platforms…Data migration from old to new. Carries risks. May be time consuming. Interrupt workflow.Customization of the new solution to the business.Training of staff.This is both expensive and risky. Meaning once a pharma business has installed Veeva into their business, they need extremely compelling … Continue reading Veeva Systems Inc. (VEEV)
Surgery as a means to investigate and treat pathology dates back many millennia and continues to be an essential branch of medicine. There is widespread agreement on the benefits of robot-assisted surgery (RAS), driving a growing demand from hospitals worldwide. RAS’s complex and life-critical nature yields a winner-take-most landscape. The clear leader in this space is Intuitive Surgical - and has been over the past two decades.
MasterCard is the second-largest e-payment network company helping to authorize, clear and settle a transaction. It is the middle-man, moving money to and fro from one bank to the other. MasterCard itself does not loan the money to the consumer to buy goods on credit, nor does it physically sell the credit cards.
Hindustan Unilever Ltd is an Indian consumer goods company. The firm's offering is diverse, as it includes over 35 brands from 20 distinct categories, from cosmetics and hygienic items (detergents, soaps, shampoos, skin care, toothpastes, and deodorants), to food and beverages (tea, coffee, packaged foods). Its product portfolio contains household brands such as Lux, Lifebuoy, Pepsodent, Closeup, Pureit, Axe, Brooke Bond, Bru, Knorr, Kissan, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Kwality Wall's, Surf Excel, Rin, Wheel, and Fair & Lovely.
Constellation Software Inc is a Canada-based company that develops and customizes software for public- and private-sector markets. The firm acquires, manages, and builds vertical-specific businesses. Its operations are organized in two segments: Public Sector and Private Sector. The portfolio companies serve various markets including communications, credit unions, beverage distribution, tour operators, auto clubs, textiles and apparel, hospitality, and community care. The firm has operations in North America, Europe, Australia, South America, and Africa.
TransDigm manufactures products for electronic, power, fluid, and mechanical motion control onboard commercial and military aircraft and helicopters. It also supplies products used for cabin structures, lighting, laminates, pallets, and a host of other applications. In fiscal 2018, the company generated about $3.8 billion of sales, with 70% coming from commercial aerospace customers and 30% from defense customers, noting that the latter is increasing as a percentage of sales.
Tata Consultancy Services is India’s largest IT services provider. The company was founded in 1968 and has its headquarters in Mumbai. The firm provides end-to-end IT and consulting services across the globe and has 224 offices in 46 countries and 149 solution centers in 25 countries. The company employs over 380,000 staff, which makes it one of the largest IT employers in the world. TCS derives a significant portion of its revenue from the North American market and the banking, financial services, and insurance industry.
Rational AG makes and distributes cooking appliances used in professional kitchens. The company produces self-cooking appliances that use steam, hot air, or liquids to heat food combining conventional cooking systems, allowing for an automated meal-preparation process. The customers include restaurants, hotels, large-scale catering operations, and quick-service providers. Rational’s segments are reported as: DACH (Germany, Austria, Switzerland), EMEA (Europe, Middle East, Africa), Americas (North and Latin America) and Asia. Their core market is Europe, generating more than half of total sales revenue.
Nichols PLC is a UK-based company which is in an international soft drinks business, selling products in both the still and carbonate categories. The company offers Vimto brand in the UK as well as the Middle East and Africa. It also holds other brands such as Feel Good, Panda, Starslush, Levi Roots and Sunkist. It is engaged in the supply of soft drinks to the retail, wholesale, catering, licensed and leisure industries. The company organizes its business into two segments namely still and carbonate. Geographically, its business is divided into four regions such as Middle East, Africa and Rest of the World.
Fuchs Petrolub SE is holding company, which through its subsidiaries, manufactures and sells high-grade lubricants and related specialties. The firm's product portfolio includes automotive lubricants sold primarily under the Titan brand, industrial lubricants sold primarily under the Renolin brand, metal processing lubricants, and special application lubricants. The company also provides a range of services including chemical process management, analytics, condition monitoring, and coating. Fuchs Petrolub organizes itself into three segments based on geography: Europe, Asia-Pacific and Africa, and North and South America. The Europe segment generates the majority of revenue.