Company Overview Summary

Name and Location

• Name: Value Line, Inc.
• Headquarters: New York City, NY

Core Business Activities

• Primary Focus: Produces and licenses investment research publications and proprietary information.
• Main Products:
  • Investment periodicals, notably The Value Line Investment Survey.
  • Proprietary rankings like Value Line Proprietary Ranks (e.g., Timeliness and Safety ranks).
  • Research and analysis services for stocks, mutual funds, ETFs, options, and climate change stocks.
  • Customizable investment analysis software and historical/financial databases.
• Branding and Trademarks: Uses brands like "Value Line™," "The Most Trusted Name In Investment Research," and others.

Licensing and Proprietary Data

• Licenses trademarks, copyrights, and proprietary ranking systems to third-party investment products such as:
  • Unit investment trusts (UITs)
  • Variable annuities
  • Managed accounts
  • Exchange-Traded Funds (ETFs)
• Collects copyright fees based on asset values in licensed products.

Investment Management & Assets

• EULAV Asset Management Trust (EAM):
  • Provides investment management services to the Value Line Mutual Funds.
  • Manages assets totaling approximately $4.68 billion (as of April 30, 2025).
  • EAM is a Delaware statutory trust that acts as adviser to Value Line funds.
• Ownership Stake:
  • Value Line holds substantial non-voting revenues and profits interests in EAM, entitling it to:
    • 41%-55% of EAM’s investment management revenue.
    • 50% of EAM’s net profits.
  • EAM's net assets increased by 12% from April 30, 2024, to April 30, 2025.

Employees

• Has 117 employees as of April 30, 2025.
• Employees include analyst and research staff, sales, and administrative personnel.
• Analysts do not own securities of companies they cover; they follow strict conflict-of-interest rules.

Revenue and Income (Fiscal Year Ending April 30, 2025)

• Total Operating Revenues: $35.08 million
  • Investment periodicals & publications: $24.68 million (print and digital)
  • Copyright fees: $10.40 million
• Net Income: $20.69 million
• EAM Non-Voting Revenues and Profits Interests:
  • Revenues from EAM: $16.18 million
  • Profits from EAM: $2.14 million
• Expenses: $29.09 million
• Earnings per Share: $2.20 (based on ~9.42 million shares outstanding)

Customer Base

• Primarily individual investors, institutional investors, financial professionals, and libraries.
• Total common shareholders: approximately 9.41 million (as of June 30, 2025).
• Revenue sources:
  • Subscriptions (print and digital)
  • Licensing proprietary proprietary research and analysis data
  • Copyright fees paid by third-party products using Value Line’s proprietary data and rankings.

Business Model

• Revenue generated mostly from:
  • Subscriptions (renewals and new sales).
  • Licensing proprietary ratings and rankings.
  • Management and distribution fees from Value Line Funds.
• Assets under management (AUM):
  • Managed/distributed by EAM Funds increased from approximately $4.17 billion in 2024 to $4.68 billion in 2025.
• Product offerings include investment surveys, newsletters, software tools, proprietary rankings, and specialized services such as climate change investing, mergers & acquisitions, and ETF analysis.

Additional Details

• Ownership: Arnold Bernhard & Co., Inc. owns 91.74% of common shares.
• Employee analyst ownership restrictions.
• Property: Leased office space at 551 Fifth Avenue, NY, with a lease ending in 2027.
• Share prices during fiscal 2025 ranged from $32.94 to $57.68, with a recent dividend of $0.325 per share announced for August 2025.
• The company operates in a competitive environment, with key segments including investment research publishing and investment asset management.
• No material legal or environmental proceedings and no foreign jurisdictions that prevent inspection.

Note: Data points such as exact number of customers or detailed breakdowns of revenue by segment are summarized based on available financial figures and descriptions provided.