# TransUnion (TRU) — Stock CV

TransUnion is a $12.6B financial services company. Revenue grew 12.4% over the last year, and it keeps 15¢ of every dollar of sales as profit. It trades at 17.0× earnings — in the cheapest third of its own history.

> TransUnion, along with Equifax and Experian, is one of the three leading credit bureaus in the United States, providing the consumer information that is the basis for granting credit. The company also provides fraud detection, marketing, and analytical services.

## Identity

- **Ticker**: TRU
- **Sector**: Financial Services
- **Industry**: Credit Services
- **Headquarters**: CHICAGO, IL
- **Employees**: 13 500
- **Website**: https://www.transunion.com
- **Market cap**: $12.6B
- **Last price**: $65.48
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $4.90B
- **Net income**: $738M
- **Free cash flow**: $788M
- **Net debt**: $4.25B
- **P/E**: 17.0
- **Revenue growth (YoY)**: 12.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 85 |
| Growth | 52 |
| Profitability | 65 |
| Health | 33 |
| Quality | 95 |
| Moat | 43 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +12.4% YoY
- [x] Profitable — $738M TTM
- [x] Profit growing — +18.4% YoY
- [x] Generates cash — $788M TTM
- [ ] Debt under control — ~5.4y of cash flow to repay
- [x] Established company — $12.6B market cap
- [x] Not printing shares — +2.3% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — health score 28/100
- [x] Pays a dividend — yield 0.76%
- [x] Valuation not extreme — P/E 17.0

## Experience (career milestones)

- **FY2021** — Best year on record: $1.39B net income
- **2017** — TransUnion acquired FactorTrust, a consumer reporting agency specializing in alternative credit data
- **FY2016** — First recorded profitable year: $121M net income
- **FY2016** — Revenue already above $1B: $1.70B in first reported year
- **2015** — TransUnion acquired Trustev, a digital verification company specializing in online fraud for $21 million,…
- **Jun 25, 2015** — TransUnion became a publicly traded company for the first time, trading under the symbol TRU
- **2014** — TransUnion acquired Hank Asher's data company TLO
- **2013** — TransUnion acquired TLO LLC, a company that leverages data in support of its investigative and…
- **2013** — This product, referred to as CreditVision, launched in October 2013
- **2010** — Goldman Sachs Capital Partners and Advent International acquired it from Madison Dearborn Partners and the…
- **1981** — A Chicago-based holding company, The Marmon Group, acquired TransUnion for approximately $688 million

## Strengths

- High gross margin (58.7%)
- Revenue growing 12.4% year over year
- Strong cash conversion — FCF is 16.1% of revenue
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 1 of the recent years
- Net debt equals ~5.4 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.96B | $1.39B | $584M |
| FY2022 | $3.71B | $270M | -$1.00M |
| FY2023 | $3.83B | -$206M | $335M |
| FY2024 | $4.18B | $284M | $517M |
| FY2025 | $4.58B | $455M | $662M |

---

Source: https://stockcv.com/TRU — derived from company filings; may be delayed or incomplete. Information, not investment advice.