Fair Isaac

Fair Isaac, known for the FICO credit score, is an analytics company whose scoring models sit at the centre of US consumer lending. Banks, card issuers and mortgage providers rely on FICO scores to assess borrowers, giving the company a near-standard position and strong pricing power, alongside a growing software business for fraud and decision management. Fair Isaac pays only a token dividend and directs almost all of its cash toward aggressive share buybacks. The yield is effectively nil, so income plays no part in the investment case. This is a growth and capital-return story driven by rising scoring prices and repurchases, and its dividend profile is negligible by design, of little interest to investors seeking regular payouts.