On paper, RealPage (RP) appears to be a strong performer, with a 25% free cash flow margin and three-year annual revenue growth of 23%. But most of the revenue growth comes from acquiring companies, not organic growth. The organic growth is actually around 9%, slightly less than the 10% organic growth guided by the company management.
(Source: Portfolio123)
So if you are looking for a high-growth software company, RealPage isn't it. At least it's certainly not growing by leaps and bounds organically. I expect a slowdown in acquisitions also as the company is