Diamond Hill Capital Management, LLC / Mid Cap Strategy on Equifax Inc.
Thesis
Diamond Hill initiated Equifax because its proprietary mortgage, employment and other datasets are costly and difficult to replicate. The data is critical to customer workflows while representing only a small portion of customers' total costs, which supports pricing power. The company also operates in a consolidated industry, reinforcing the durability of its competitive position. Diamond Hill believes those characteristics can support consistent long-term growth.
“the company has historically benefited from strong pricing power and consistent growth.”