Concentrix Corporation Intrinsic Value – CONCENTRIX CORPORATION Releases Third Quarter FY2023 Earnings Report on August 31, 2023
September 29, 2023
🌥️Earnings Overview
On August 31, 2023, CONCENTRIX CORPORATION ($NASDAQ:CNXC) released its earnings report for the third quarter of FY2023, with total revenue of USD 1632.8 million, a 3.4% increase from the same period last year. Net income however declined by 27.2%, reported at USD 77.6 million.
Price History
On Wednesday, the stock opened at $71.6 and closed at $74.0, showing a 3.8% increase from the last closing price of $71.3. The news was welcomed by the market, as investors reacted favorably to the release of the earnings report. The report revealed a successful quarter for CONCENTRIX CORPORATION, as the company continued to increase its profits and expand its reach. This indicates that CONCENTRIX CORPORATION has been able to effectively manage its costs and increase its profits during the third quarter of FY2023.
Overall, the results of the third quarter FY2023 earnings report showed that CONCENTRIX CORPORATION is in a strong financial position and is well-positioned to continue its growth in the future. Investors responded positively to this news, evidenced by the stock’s 3.8% increase in value from the previous closing price. It is likely that the stock will continue to rise in value as investors become increasingly confident in the company’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Concentrix Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 6.52k | 354.15 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Concentrix Corporation. More…
| Operations | Investing | Financing |
| 625.56 | -1.84k | 1.24k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Concentrix Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.45k | 5.55k | 55.78 |
Key Ratios Snapshot
Some of the financial key ratios for Concentrix Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.1% | 31.5% | 10.0% |
| FCF Margin | ROE | ROA |
| 7.4% | 14.2% | 4.8% |
Analysis – Concentrix Corporation Intrinsic Value
At GoodWhale, we have been analyzing the fundamentals of CONCENTRIX CORPORATION and have found that the intrinsic value of their share is around $152.2, calculated using our proprietary Valuation Line. We have found that the current market price of the stock is undervalued, standing at $74.0 which is a 51.4% discount from its true worth. This presents a great potential buying opportunity for investors who are interested in long-term holdings in the company. More…
Peers
The company has a strong presence in the US, Europe, and Asia-Pacific regions. Concentrix Corp’s competitors include WidePoint Corp, Oracle Corp Japan, Alithya Group Inc, and other IT outsourcing and customer relationship management companies.
– WidePoint Corp ($NYSEAM:WYY)
As of 2022, WidePoint Corporation’s market capitalization is $22.18 million. The company’s return on equity is -30.85%. WidePoint Corporation is a technology solutions provider that specializes in secure mobility management and enterprise cybersecurity solutions. The company’s products and services enable government agencies and enterprises to deploy and manage mobile devices and applications securely and cost-effectively.
– Oracle Corp Japan ($TSE:4716)
Oracle Corporation Japan is a Japanese subsidiary of Oracle Corporation. It is one of the largest software companies in the world, with a market capitalization of over $1 trillion. The company develops and sells database, middleware, and application software. Oracle Corporation Japan has a return on equity of 37.48%.
– Alithya Group Inc ($TSX:ALYA)
Alithya Group Inc is a global technology and management consulting firm. They offer a comprehensive range of digital, consulting, and managed services to organizations in North America, Europe, and Asia Pacific. They have a market cap of 232M as of 2022 and a Return on Equity of -4.33%. The company has been struggling financially in recent years and has been cutting costs in an attempt to improve their bottom line.
Summary
Investors may be encouraged by Concentrix Corporation‘s 3.4% increase in total revenue for the third quarter of FY2023, ending August 31, 2023. Despite the overall increase in revenue, net income saw a decrease of 27.2% year-over-year. Despite this decrease in net income, the stock price moved up the same day, indicating that the market is optimistic about Concentrix’s performance and its potential for future growth. With cost-cutting measures and improvements in efficiency, investors may look favorably on Concentrix’s prospects for future growth and returns.
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