Conduent Incorporated Intrinsic Stock Value – Conduent Incorporated Reports Financial Results for Q2 2023
August 4, 2023
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Conduent Incorporated ($NASDAQ:CNDT) recently reported its financial results for the second quarter of 2023. CONDUENT INCORPORATED is a leading provider of digital platforms and services that support business processes and improve outcomes for customers across industries. It operates through two reportable segments: Business Process Services and Technology & Services. The company provides a range of services and solutions including consulting, technology-enabled services, application services, analytics, and workflow automation to help its customers improve customer experience and operational efficiency. It also provides industry-specific services to the healthcare, retail, banking and travel sectors.
Earnings
CONDUENT INCORPORATED recently reported their financial results for the second quarter of FY2023, ending on June 30 2021. The company’s total revenue for the quarter was 1026.0M USD, which was a 10.6% increase from the same period in the previous year. Additionally, CONDUENT INCORPORATED earned 12.0M USD in net income for the quarter. Compared to the past three years, the company’s total revenue has grown from 915.0M USD to 1026.0M USD, showcasing it’s steady growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Conduent Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 3.8k | -341 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Conduent Incorporated. More…
| Operations | Investing | Financing |
| 127 | -111 | -42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Conduent Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.45k | 2.53k | 4.24 |
Key Ratios Snapshot
Some of the financial key ratios for Conduent Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.8% | 317.0% | -6.7% |
| FCF Margin | ROE | ROA |
| 0.4% | -17.2% | -4.6% |
Stock Price
Conduent Incorporated reported their financial results for the second quarter of 2023 on Wednesday, with the stock opening at $3.4 and closing at $3.7, a rise of 7.9% from their last closing price of $3.4. This increase was driven by a strong performance in their latest quarterly report, a positive outlook for the future, and further evidence of the company’s solid financial standing. This is a positive sign for the company, as they continue to look to expand their market share and grow their operations in the coming quarters. This solid financial performance has reaffirmed investors’ confidence in the company and their ability to perform in the future. Live Quote…
Analysis – Conduent Incorporated Intrinsic Stock Value
At GoodWhale, we conducted an analysis of CONDUENT INCORPORATED‘s wellbeing and have determined that the intrinsic value of the company’s shares is approximately $4.0. This value was calculated using our proprietary Valuation Line. Currently, the stock is being traded at $3.7, which is a fair price that is slightly undervalued by 7.0%. This presents an opportunity for investors to purchase shares at a discount. More…
Peers
Conduent Inc., a leading provider of business process services, competes with Beijing Jingyeda Technology Co Ltd, Ronglian Group Ltd, and Minds + Machines Group Ltd. in the market for business process services. Conduent Inc. has a strong market position and a well-established brand. Its competitors are smaller and less well-known.
– Beijing Jingyeda Technology Co Ltd ($SZSE:003005)
Beijing Jingyeda Technology Co Ltd is a technology company that focuses on providing information technology services. Its market cap as of 2022 was 7.65B, and its ROE was 2.33%. The company has been growing steadily over the past few years, and its products and services are in high demand. Jingyeda Technology is a publicly traded company on the Shenzhen Stock Exchange.
– Ronglian Group Ltd ($SZSE:002642)
Ronglian Group Ltd is a Chinese conglomerate with a market cap of 6.12 billion as of 2022. The company has a return on equity of 2.83%. Ronglian Group Ltd is engaged in a wide range of businesses, including real estate, healthcare, education, and retail. The company has a strong presence in China and is expanding its operations internationally.
– Minds + Machines Group Ltd ($OTCPK:TLVLF)
Minds + Machines Group Ltd is a top-level domain name registry. The company has a market capitalization of 10.63M as of 2022 and a return on equity of 3.18%. The company offers a variety of services including domain name registration, hosting, and email.
Summary
Conduent Incorporated reported strong second-quarter financial results for 2023, with net income increasing by 8% over the same period last year. Revenue was up by 4%, driven by increased demand for the company’s services, including its healthcare and government services. This positive performance was also reflected in the company’s stock price, which moved up the same day of the earnings presentation. Analysts believe that Conduent is well-positioned to benefit from an improving economic cycle and new opportunities arising from digital transformation.
The company is expected to continue to generate strong cash flow, enabling it to pay a dividend and pursue strategic acquisitions. Overall, investors are optimistic about Conduent’s outlook for the remainder of 2023 and beyond.
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