Concentrix Corporation (CNXC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+911.5%

$312.44

vs $30.89 price

Levered DCF

$335.33

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.39

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-1.79×	12.08×	16.43×	14.67×	21.34×	25.08×	35.24×	85.11×
P/B	0.84×	0.72×	1.22×	2.33×	3.25×	1.79×	2.81×	3.13×
P/S	0.23×	0.3×	0.71×	0.99×	1.53×	0.87×	0.88×	1.68×
EV / EBITDA	-28.57×	6.1×	10.36×	8.99×	11.28×	9.58×	10.15×	13.59×
Gross margin	35.0%	35.9%	36.2%	35.7%	35.3%	35.2%	37.1%	38.1%
Operating margin	6.2%	6.2%	9.3%	10.1%	10.2%	6.5%	6.3%	5.9%
Net margin	-13.0%	2.6%	4.4%	6.9%	7.3%	3.5%	2.5%	2.0%
Current ratio	1.4×	1.42×	1.38×	1.55×	1.59×	1.41×	0.48×	0×
Debt / equity	1.69×	1.39×	1.4×	1.01×	0.5×	0.74×	1.41×	0×
Interest coverage	2.1×	1.85×	3.29×	9.14×	24.84×	6.39×	3.19×	3.79×
Dividend yield	3.9%	2.9%	1.3%	0.9%	0.2%	0.0%	0.0%	0.0%
Payout ratio	-7.0%	33.4%	20.2%	12.3%	3.2%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-46.6%	6.2%	7.6%	16.1%	15.5%	7.2%	8.0%	3.7%
Return on invested capital	7.1%	4.9%	4.8%	8.1%	9.9%	4.3%	4.2%	1.3%
Return on assets	-11.9%	2.1%	2.5%	6.5%	8.0%	3.2%	2.5%	0.0%
Free cash flow yield	24.9%	14.7%	9.8%	7.3%	4.3%	8.1%	8.2%	2.9%
Earnings yield	-55.6%	8.6%	6.2%	6.9%	4.8%	4.0%	2.8%	1.2%
Enterprise value	$6.6B	$8.1B	$10.3B	$8.9B	$9.7B	$5.7B	$6.1B	$4.1B
Net debt / EBITDA	-18.63×	3.89×	5.29×	2.61×	1.32×	2.61×	3.29×	0×
Cash conversion cycle (days)	60	61	77	66	66	67	56	108