TTAI Holding RELX Uses Free Cash Flow to Acquire 9 Companies, Buy Back Shares

▤ Summary

The company’s CFO Nick Luff said that RELX spent that free cash flow on acquisitions, dividends, and share buybacks. The most notable of these acquisitions include BehavioSec, a behavioral biometrics firm; Flyreel, a self-inspection app for home insurance; and Interfolio, an academic faculty management software and higher education technology company. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. TTAI aims to outperform the MSCI All Country World Index excluding the U.S. through an active investment process. A quant model is used to rank stocks based on proprietary measures of free cash flow.

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