Concentrix Corporation Stock Fair Value Calculation – Concentrix Prices $2.15 Billion Senior Notes Offering to Complete Webhelp Combination
July 21, 2023
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Concentrix Corporation ($NASDAQ:CNXC), a global leader in customer experience and business process services, today announced the pricing of its $2.15 billion offering of senior notes to finance its combination with Webhelp. This announcement was made on July 19, 2023 from Newark, California. Concentrix Corporation is a publicly traded company that provides customer experience and business process services across a wide range of industries, including financial services, healthcare, technology, communications, and retail. The company operates in North America, Europe, Latin America, Asia Pacific, and the Middle East. Through its combination with Webhelp, Concentrix will become one of the largest customer experience companies in the world.
The new entity will have the scale to provide an expanded range of services to its customers. The proceeds from the offering will be used to complete the combination with Webhelp and for general corporate purposes. The transaction is expected to strengthen Concentrix’s market position and improve both its scale and customer reach. This move highlights Concentrix’s commitment to providing innovative solutions that meet and exceed customer expectations.
Market Price
This offering is to complete the combination between CONCENTRIX CORPORATION and Webhelp, an international customer experience and business process outsourcing provider. In response to the news, shares of CONCENTRIX CORPORATION opened at $84.0 on Thursday and closed at $82.4, a decrease of 1.6% from the previous closing price of 83.7. The proceeds from the offering will be used to redeem all of the existing senior notes issued by Webhelp and will pay for related fees and expenses.
The remaining proceeds will be used for general corporate purposes, which may include repayment of debt and acquisitions. CONCENTRIX CORPORATION has stated that it is committed to creating long-term value for its shareholders by investing in a broad portfolio of companies, leveraging its expertise in technology and people-powered solutions to deliver integrated customer experiences, outsourcing services and business processes. 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 |
| 6.47k | 381.62 | 5.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Concentrix Corporation. More…
| Operations | Investing | Financing |
| 659.6 | -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 |
| 6.56k | 3.71k | 55.77 |
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 |
| 10.3% | 29.6% | 10.3% |
| FCF Margin | ROE | ROA |
| 8.1% | 14.7% | 6.3% |
Analysis – Concentrix Corporation Stock Fair Value Calculation
GoodWhale is a great tool to analyze the fundamentals of CONCENTRIX CORPORATION. With GoodWhale, you can evaluate the company’s financial health and performance, uncover hidden insights, and determine its intrinsic value. Our proprietary Valuation Line indicates that CONCENTRIX CORPORATION’s intrinsic value is around $157.8. While the stock is currently trading at $82.4, it is undervalued by 47.8%. This provides an opportunity to invest in CONCENTRIX CORPORATION at a discounted rate. More…
Peers
The company has a strong presence in the US, Europe, and Asia-Pacific regions. Concentrix Corp’s competitors include WidePoint Corp, Oracle Corp Japan, Alithya Group Inc, and other IT outsourcing and customer relationship management companies.
– WidePoint Corp ($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
Concentrix Corporation recently announced a $2.15 billion senior notes offering for the purpose of combining with Webhelp. This represents an attractive opportunity for investors wishing to gain exposure to the customer experience industry. Analysts point to the company’s strong track record of delivering growth year-over-year, as well as its ability to leverage customer data to create innovative solutions. The offering is expected to be completed in the near term and should provide investors with a dependable return on their investments.
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